See more : Booking Holdings Inc. (BKNG.SW) Income Statement Analysis – Financial Results
Complete financial analysis of ALLETE, Inc. (ALE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of ALLETE, Inc., a leading company in the Diversified Utilities industry within the Utilities sector.
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ALLETE, Inc. (ALE)
About ALLETE, Inc.
ALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.88B | 1.57B | 1.42B | 1.17B | 1.24B | 1.50B | 1.42B | 1.34B | 1.49B | 1.14B | 1.02B | 961.20M | 928.20M | 907.00M | 759.10M | 801.00M | 841.70M | 767.10M | 737.40M | 751.40M | 1.62B | 1.51B | 1.53B | 1.33B | 1.13B | 1.04B | 953.60M | 846.90M | 673.00M | 637.80M | 505.50M | 489.40M | 484.10M | 477.50M | 463.90M | 460.50M | 426.10M | 395.50M | 412.90M |
| Cost of Revenue | 1.39B | 1.12B | 965.70M | 744.30M | 805.40M | 1.04B | 955.80M | 876.90M | 1.02B | 812.30M | 747.70M | 705.80M | 306.60M | 325.10M | 279.50M | 305.60M | 347.60M | 281.70M | 273.10M | 287.90M | 252.50M | 239.10M | 233.10M | 229.00M | 200.20M | 205.70M | 194.10M | 190.90M | 177.00M | 157.70M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 489.90M | 446.80M | 453.50M | 424.80M | 435.10M | 462.70M | 463.50M | 462.80M | 468.40M | 324.50M | 270.70M | 255.40M | 621.60M | 581.90M | 479.60M | 495.40M | 494.10M | 485.40M | 464.30M | 463.50M | 1.37B | 1.27B | 1.29B | 1.10B | 931.60M | 834.00M | 759.50M | 656.00M | 496.00M | 480.10M | 505.50M | 489.40M | 484.10M | 477.50M | 463.90M | 460.50M | 426.10M | 395.50M | 412.90M |
| Gross Profit Ratio | 26.06% | 28.45% | 31.95% | 36.34% | 35.07% | 30.88% | 32.66% | 34.55% | 31.51% | 28.55% | 26.58% | 26.57% | 66.97% | 64.16% | 63.18% | 61.85% | 58.70% | 63.28% | 62.96% | 61.68% | 84.40% | 84.13% | 84.74% | 82.81% | 82.31% | 80.22% | 79.65% | 77.46% | 73.70% | 75.27% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 8.90M | 9.80M | 6.10M | 8.60M | 7.70M | 4.60M | 3.90M | 7.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 157.90M | 102.90M | 79.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 300.10M | 312.60M | 302.20M | 273.90M | 255.30M | 7.80M | 2.40M | 3.90M | 4.70M | 135.70M | 9.30M | 6.00M | 471.60M | 446.10M | 373.60M | 373.60M | 360.40M | 344.70M | 419.20M | 363.70M | 1.06B | 1.01B | 1.01B | 842.60M | 705.90M | 635.40M | 579.90M | 354.20M | 286.20M | 270.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 309.00M | 312.60M | 302.20M | 273.90M | 255.30M | 263.50M | 234.40M | 249.60M | 221.40M | 135.70M | 116.60M | 100.20M | 471.60M | 446.10M | 373.60M | 373.60M | 360.40M | 344.70M | 419.20M | 363.70M | 1.06B | 1.01B | 1.01B | 842.60M | 705.90M | 635.40M | 579.90M | 512.10M | 389.10M | 350.50M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost & Expenses | 1.70B | 1.44B | 1.27B | 1.02B | 1.06B | 1.30B | 1.19B | 1.13B | 1.24B | 948.00M | 864.30M | 806.00M | 778.20M | 771.20M | 653.10M | 679.20M | 708.00M | 626.40M | 692.30M | 651.60M | 1.32B | 1.25B | 1.25B | 1.07B | 906.10M | 841.10M | 774.00M | 703.00M | 566.10M | 508.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Income | 10.30M | 75.20M | 2.30M | 1.60M | 4.40M | 500.00K | 1.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 80.80M | 75.20M | 69.10M | 65.60M | 64.90M | 67.90M | 67.80M | 70.30M | 64.90M | 54.80M | 50.30M | 45.50M | 43.60M | 39.20M | 33.80M | 26.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 251.80M | 242.20M | 231.70M | 217.80M | 202.00M | 205.60M | 177.50M | 195.80M | 170.00M | 136.40M | 116.60M | 100.20M | 90.40M | 80.50M | 64.70M | 55.50M | 48.50M | 48.70M | 47.80M | 49.70M | 86.70M | 82.10M | 101.60M | 86.70M | 111.40M | 60.20M | 56.00M | 53.30M | 55.40M | 48.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 539.40M | 417.50M | 411.70M | 405.50M | 445.80M | 432.10M | 431.40M | 441.70M | 401.70M | 352.70M | 270.70M | 280.80M | 263.20M | 238.80M | 190.00M | 146.40M | 154.10M | 189.40M | 92.90M | 161.60M | 388.30M | 341.90M | 384.10M | 318.80M | 337.10M | 258.80M | 235.60M | 197.20M | 162.30M | 178.40M | 505.50M | 489.40M | 484.10M | 477.50M | 463.90M | 460.50M | 426.10M | 395.50M | 412.90M |
| EBITDA Ratio | 28.69% | 26.92% | 29.51% | 35.37% | 34.62% | 29.03% | 30.73% | 32.58% | 29.47% | 30.33% | 29.49% | 29.21% | 27.88% | 25.82% | 25.03% | 18.28% | 18.31% | 22.75% | 12.45% | 21.51% | 23.99% | 22.69% | 25.14% | 22.45% | 29.78% | 24.89% | 24.71% | 23.28% | 24.12% | 27.97% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Income | 180.90M | 134.20M | 151.30M | 150.90M | 179.80M | 201.20M | 229.80M | 223.50M | 210.70M | 188.80M | 154.10M | 155.20M | 150.00M | 135.80M | 106.00M | 121.80M | 133.70M | 140.70M | 45.10M | 99.80M | 301.60M | 259.80M | 282.50M | 260.30M | 225.70M | 198.60M | 179.60M | 143.90M | 106.90M | 129.60M | 505.50M | 489.40M | 484.10M | 477.50M | 463.90M | 460.50M | 426.10M | 395.50M | 412.90M |
| Operating Income Ratio | 9.62% | 8.54% | 10.66% | 12.91% | 14.49% | 13.43% | 16.19% | 16.68% | 14.18% | 16.61% | 15.13% | 16.15% | 16.16% | 14.97% | 13.96% | 15.21% | 15.88% | 18.34% | 6.12% | 13.28% | 18.63% | 17.24% | 18.49% | 19.54% | 19.94% | 19.10% | 18.83% | 16.99% | 15.88% | 20.32% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Total Other Income/Expenses | 25.90M | -34.10M | -40.40M | -28.80M | -900.00K | -42.60M | -39.00M | -41.40M | -43.90M | -26.60M | -20.70M | -20.10M | -20.80M | -16.70M | -14.50M | 4.60M | 3.50M | -17.10M | -28.00M | -43.90M | -50.80M | -41.20M | -80.70M | -16.80M | -36.30M | -55.70M | -55.40M | -55.10M | -43.70M | -43.70M | -505.50M | -489.40M | -484.10M | -477.50M | -463.90M | -460.50M | -426.10M | -395.50M | -412.90M |
| Income Before Tax | 206.80M | 100.10M | 110.90M | 122.10M | 178.90M | 158.60M | 186.90M | 175.60M | 166.80M | 162.20M | 133.40M | 135.10M | 129.20M | 119.10M | 91.50M | 125.90M | 135.30M | 123.60M | 17.10M | 55.90M | 235.00M | 191.60M | 201.80M | 233.10M | 125.70M | 142.50M | 124.20M | 88.80M | 63.10M | 82.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 11.00% | 6.37% | 7.81% | 10.44% | 14.42% | 10.58% | 13.17% | 13.11% | 11.22% | 14.27% | 13.10% | 14.06% | 13.92% | 13.13% | 12.05% | 15.72% | 16.07% | 16.11% | 2.32% | 7.44% | 14.52% | 12.71% | 13.21% | 17.50% | 11.11% | 13.71% | 13.02% | 10.49% | 9.38% | 12.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 27.90M | -31.20M | -26.90M | -39.50M | -6.60M | -15.50M | 14.70M | 19.80M | 25.30M | 36.70M | 28.70M | 38.00M | 35.60M | 44.30M | 30.80M | 43.40M | 47.70M | 46.30M | -500.00K | 16.80M | 91.90M | 72.60M | 73.20M | 84.50M | 57.70M | 54.00M | 46.60M | 19.60M | 1.20M | 21.50M | -62.60M | -73.30M | -75.50M | -74.60M | -88.90M | -72.90M | -70.00M | -82.60M | -69.40M |
| Net Income | 247.10M | 131.30M | 169.20M | 174.20M | 185.60M | 174.10M | 172.20M | 155.30M | 141.10M | 124.80M | 104.70M | 97.10M | 93.80M | 75.30M | 61.00M | 82.50M | 87.60M | 68.30M | 13.30M | 104.40M | 236.40M | 137.20M | 138.70M | 148.60M | 68.00M | 88.50M | 77.60M | 69.20M | 64.80M | 61.30M | 62.60M | 73.30M | 75.50M | 74.60M | 88.90M | 72.90M | 70.00M | 82.60M | 69.40M |
| Net Income Ratio | 13.15% | 8.36% | 11.92% | 14.90% | 14.96% | 11.62% | 12.13% | 11.59% | 9.49% | 10.98% | 10.28% | 10.10% | 10.11% | 8.30% | 8.04% | 10.30% | 10.41% | 8.90% | 1.80% | 13.89% | 14.60% | 9.10% | 9.08% | 11.16% | 6.01% | 8.51% | 8.14% | 8.17% | 9.63% | 9.61% | 12.38% | 14.98% | 15.60% | 15.62% | 19.16% | 15.83% | 16.43% | 20.88% | 16.81% |
| EPS | 4.31 | 2.35 | 3.23 | 3.36 | 3.60 | 3.39 | 3.39 | 3.15 | 2.92 | 2.91 | 2.64 | 2.59 | 2.66 | 2.20 | 1.89 | 2.82 | 3.09 | 2.75 | 0.49 | 3.69 | 8.12 | 5.07 | 5.48 | 6.34 | 2.91 | 4.05 | 3.72 | 3.42 | 3.24 | 3.12 | 3.30 | 3.72 | 3.69 | 3.57 | 4.35 | 3.54 | 3.51 | 4.17 | 3.51 |
| EPS Diluted | 4.30 | 2.34 | 3.22 | 3.36 | 3.59 | 3.38 | 3.38 | 3.14 | 0.73 | 2.90 | 2.63 | 2.58 | 2.65 | 2.19 | 1.89 | 2.82 | 3.08 | 2.74 | 0.48 | 3.67 | 1.05 | 5.04 | 5.44 | 6.32 | 2.91 | 4.05 | 3.72 | 3.42 | 3.24 | 3.12 | 3.30 | 3.72 | 3.69 | 3.57 | 4.35 | 3.54 | 3.51 | 4.17 | 3.51 |
| Weighted Avg Shares Out | 57.30M | 55.90M | 52.40M | 51.90M | 51.60M | 51.30M | 50.80M | 49.30M | 48.30M | 42.90M | 39.70M | 37.60M | 35.30M | 34.20M | 32.20M | 29.20M | 28.30M | 27.80M | 27.30M | 28.30M | 27.53M | 27.06M | 25.30M | 23.30M | 22.80M | 21.33M | 20.32M | 19.53M | 19.01M | 18.65M | 17.97M | 18.68M | 19.30M | 19.61M | 19.36M | 19.18M | 19.94M | 18.23M | 17.89M |
| Weighted Avg Shares Out (Dil) | 57.40M | 56.00M | 52.50M | 51.90M | 51.70M | 51.50M | 51.00M | 49.50M | 48.40M | 43.10M | 39.80M | 37.60M | 35.40M | 34.30M | 32.20M | 29.30M | 28.40M | 27.90M | 27.40M | 28.40M | 27.63M | 27.22M | 25.50M | 23.40M | 22.90M | 21.33M | 20.32M | 19.53M | 19.01M | 18.65M | 17.97M | 18.68M | 19.30M | 19.61M | 19.36M | 19.18M | 19.94M | 18.23M | 17.89M |
ALLETE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of ALLETE, Inc. - ALE
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of ALLETE, Inc. (NYSE: ALE) to Canada Pension Plan Investment Board (“CPP”)...
New Strong Sell Stocks for May 7th
ALE, ASGN and BRSP have been added to the Zacks Rank #5 (Strong Sell) List on May 7, 2024.
Shareholder Alert: Ademi LLP investigates whether ALLETE, Inc. has obtained a Fair Price in its Going Private Transaction with CPP Investments and Global Infrastructure Partners
MILWAUKEE , May 7, 2024 /PRNewswire/ -- Ademi LLP is investigating ALLETE (NYSE: ALE) for possible breaches of fiduciary duty and other violations of law in its going private transaction with CPP Investments and Global Infrastructure Partners. Click here to learn how to...
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of ALLETE, Inc.
NEW YORK , May 6, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by ALLETE, Inc. (NYSE: ALE) and its board of directors concerning the proposed acquisition of the company by Canada Pension Plan Investment Board...
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of ALLETE, Inc. - ALE
NEW YORK , May 6, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are...
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ALE, PRFT
NEW YORK , May 6, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: ALLETE, Inc....
ALE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of ALLETE, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of ALLETE, Inc. (NYSE: ALE) to Canada Pension Plan Investment Board (“CPP”) and Global Infrastructure Partners (“GIP”) for $67.00 per share in cash is fair...
US utility Allete goes private in $6.2 bln deal
Allete said on Monday a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners would acquire the U.S. utility for $6.2 billion, including debt.
Clean-energy producer Allete agrees to go private for $6.2 billion
Power producer Allete Inc. ALE, +5.64% said Monday it agreed to go private for $67 a share in a deal valued at about $6.2 billion including debt with buyers Canada Pension Plan Investment Board and Global Infrastructure Partners. Duluth, Minn.
ALLETE Enters Agreement to be Acquired by a Partnership Led by Canada Pension Plan Investment Board and Global Infrastructure Partners to Advance ‘Sustainability-in-Action' Strategy
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) and a partnership led by Canada Pension Plan Investment Board (“CPP Investments”) and Global Infrastructure Partners (“GIP”), (the “partnership”), today jointly announced that they have entered into a definitive agreement under which the partnership...
Source: https://incomestatements.info
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