$67.90
+0.0000%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.
Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.
Acceptable margins but limited operational leverage. Operating expense control is important.
Strong net margins indicate efficient operations and favorable tax/interest management.
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.
ALE โข NYSE
| ALLETE, Inc. Income Statement | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 | Dec 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
1.5B | 1.9B | 1.6B | 1.4B | 1.2B | 1.2B | 1.5B | 1.4B | 1.3B | 1.5B | 1.1B | 1B | 961.2M | 928.2M | 907M | 759.1M | 801M | 841.7M | 767.1M | 737.4M | |
GROSS PROFIT | ||||||||||||||||||||
(1B) | (1.4B) | (1.1B) | (965.7M) | (744.3M) | (805.4M) | (1B) | (959.7M) | (883.4M) | (1B) | (766.7M) | (706M) | (705.8M) | (687.8M) | (690.7M) | (279.5M) | (305.6M) | (347.6M) | (281.7M) | (273.1M) | |
497M | 489.9M | 446.8M | 453.5M | 424.8M | 435.1M | 462.7M | 459.6M | 456.3M | 468.4M | 370.1M | 312.4M | 255.4M | 240.4M | 216.3M | 479.6M | 495.4M | 494.1M | 485.4M | 464.3M | |
OPERATING INCOME | ||||||||||||||||||||
(336.9M) | (309M) | (312.6M) | (302.2M) | (273.9M) | (255.3M) | (261.5M) | (233.7M) | (239.3M) | (257.7M) | (181.3M) | (158.3M) | (100.2M) | (90.4M) | (80.5M) | (373.6M) | (373.6M) | (360.4M) | (344.7M) | (419.2M) | |
160.1M | 180.9M | 134.2M | 151.3M | 150.9M | 179.8M | 199.2M | 229.1M | 213.2M | 251.8M | 188.8M | 154.1M | 155.2M | 151.7M | 135.8M | 106M | 117.3M | 133.7M | 140.7M | 123M | |
PRE-TAX INCOME | ||||||||||||||||||||
(81.7M) | (80.8M) | (75.2M) | (69.1M) | (65.6M) | (64.9M) | (67.9M) | (67M) | (70.3M) | (64.9M) | (54.8M) | (50.3M) | (45.5M) | (43.6M) | (39.2M) | (33.8M) | (26.3M) | (24.6M) | (28M) | (25.3M) | |
-77.7M | -80.8M | -75.2M | -69.1M | -65.6M | -64.9M | -67.9M | -67M | -70.3M | -64.9M | -52.8M | -47.8M | -44.6M | -41.7M | -38.8M | -33.2M | -13.3M | -11.1M | -14.6M | -25.3M | |
(336.9M) | (309M) | (312.6M) | (302.2M) | (273.9M) | (255.3M) | (261.5M) | (233.7M) | (239.3M) | (257.7M) | (181.3M) | (158.3M) | (100.2M) | (90.4M) | (80.5M) | (373.6M) | (373.6M) | (360.4M) | (344.7M) | (419.2M) | |
-33.7M | 25.9M | -34.1M | -40.4M | -28.8M | -900K | -42.6M | -39M | -41.4M | -43.9M | -26.6M | -20.7M | -20.1M | -20.8M | -16.7M | -14.5M | 4.6M | 3.5M | -17.1M | -28M | |
126.4M | 206.8M | 100.1M | 110.9M | 122.1M | 178.9M | 158.6M | 186.9M | 175.6M | 166.8M | 162.2M | 133.4M | 135.1M | 129.2M | 119.1M | 91.5M | 125.9M | 135.3M | 123.6M | 17.1M | |
NET INCOME | ||||||||||||||||||||
(4.7M) | (27.9M) | -31.2M | -26.9M | -39.5M | -6.6M | -15.5M | (14.7M) | (19.8M) | (25.3M) | (36.7M) | (28.7M) | (38M) | (35.6M) | (44.3M) | (30.8M) | (43.4M) | (47.7M) | (46.3M) | -500K | |
179.3M | 247.1M | 189.3M | 169.2M | 174.2M | 185.6M | 174.1M | 172.2M | 155.3M | 141.1M | 124.8M | 104.7M | 97.1M | 93.8M | 75.3M | 61M | 82.5M | 87.6M | 77.3M | 17.6M |
ALE - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2025 N/A | December 15, 2025 | December 15, 2025 | 2025 | |
8-K 8-K 2025 N/A | December 11, 2025 | December 10, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | October 31, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 06, 2025 | October 05, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 03, 2025 | October 03, 2025 | 2025 | |
10-Q 10-Q 2025 Q2 Q2 | August 07, 2025 | June 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | July 14, 2025 | July 09, 2025 | 2025 | |
8-K 8-K 2025 N/A | May 15, 2025 | May 13, 2025 | 2025 | |
10-Q 10-Q 2025 Q1 Q1 | May 08, 2025 | March 31, 2025 | 2025 | |
8-K 8-K 2025 N/A | April 16, 2025 | April 16, 2025 | 2025 |
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