See more : CNS Co.,Ltd (4076.T) 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: A Potential Buy In Renewable Energy
ALLETE is the largest investor in renewable energy and has a long-term target of growing at 5-7% annually. The company operates in multiple sectors of the energy market, including coal-fired, biomass, hydroelectric, wind, and solar sources. ALE aims to maintain...
Allete (ALE) Q2 Earnings and Revenues Top Estimates
Allete (ALE) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.67 per share a year ago.
ALLETE, Inc. reports second quarter earnings of 90 cents per share; reaffirms 2023 earnings guidance range of $3.55 to $3.85 per share
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported second quarter 2023 earnings of 90 cents per share on net income of $51.5 million. Last year's second quarter results were 67 cents per share on net income of $37.6 million. Included...
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ALLETE Board of Directors declares dividend on common stock
DULUTH, Minn.--(BUSINESS WIRE)--The ALLETE, Inc. (NYSE:ALE) board of directors has declared a quarterly dividend of 67.75 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.71 per share, unchanged from the previous quarter. The...
ALLETE Clean Energy adds new customer segment through power purchase agreement with Seattle City Light
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Clean Energy has signed a 5-year power purchase agreement to sell wind power to Seattle City Light, the company's first municipal customer.
ALLETE to announce second quarter financial results August 8
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Tuesday, August 8, 2023. Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, and Senior Vice...
ALLETE's (ALE) Arm Minnesota Power Plans HVDC Upgrades
ALLETE's (ALE) subsidiary, Minnesota Power, advances the high-voltage direct-current transmission system project to strengthen grid reliability and resiliency in Upper Midwest.
Minnesota Power advances HVDC transmission system project to strengthen grid reliability, resiliency in Upper Midwest
DULUTH, Minn.--(BUSINESS WIRE)--To help ensure a reliable and resilient grid that can expand in the future, Minnesota Power this week outlined planned upgrades to its high-voltage, direct-current (HVDC) transmission system that delivers renewable wind energy from its Bison Wind Energy...
Source: https://incomestatements.info
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