ALLETE, Inc.

ALLETE, Inc.

ALEยทNYSE

$67.90

+0.0000%
UtilitiesDiversified Utilities

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.

At a Glance

Live Snapshot
Market Cap$3.94B
EPS3.1074
P/E Ratio21.85
Earnings Date02/11/2026
3Y+73.0%
5Y+83.0%
10Y+34.0%
3Y-30.0%
5Y-1.0%
10Y-45.0%
3Y-169.0%
5Y-229.0%
10Y-161.0%
ALE

ALLETE, Inc. Cash Conversion Engine

ALE ยท NYSE
Net Income121.70M
Depreciation & Amortization278.20M
Stock-Based Compensation6.60M
Change in Working Capital30.90M
Others35.50M
Capital Expenditures-354.90M
Free Cash Flow102.20M

Cash Flow Quality Analysis

FCF Conversion Rate

84.0%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

77.6%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-67.5%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$30.90M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Capital-intensive growth: Heavy reinvestment limits current cash available but may drive future returns. Assess whether CapEx supports compelling growth opportunities with adequate ROI.

ALLETE, Inc. Cash Flow Statement

ALE โ€ข NYSE

ALLETE, Inc. Cash Flow StatementDec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006Dec 2005
OPERATING ACTIVITIES
121.7M
247.1M
131.3M
137.8M
161.6M
185.5M
174.1M
172.2M
155.8M
141.5M
125.5M
104.7M
97.1M
93.6M
74.8M
60.7M
82.5M
87.6M
76.4M
17.6M
278.2M
251.8M
250.3M
241.5M
228.1M
213.6M
210.5M
182.1M
200.9M
171.5M
136.4M
116.6M
100.2M
90.4M
80.5M
64.7M
0.0
0.0
0.0
0.0
-15.8M
17.6M
-38.5M
-26.9M
-39.7M
-17.1M
-5.1M
14.4M
19.4M
25.1M
32.7M
28.6M
37.5M
35.8M
66M
75.2M
38.8M
14M
27.8M
-34.2M
6.6M
7.3M
4.9M
5.9M
6.1M
6.3M
6.8M
6.6M
5.1M
11.6M
11.4M
10.8M
9.8M
1.6M
2.2M
2.1M
0.0
0.0
0.0
0.0
35.5M
-48.2M
25.7M
-17.4M
-25.6M
-94.1M
-17.1M
32.7M
-44M
24.8M
-8.7M
1.1M
12.1M
3.4M
-16.4M
-30.3M
40.9M
45M
41.4M
60.5M
(19.1M)
(19.5M)
(6M)
(0.0)
(0.0)
(0.0)
(0.0)
(400K)
(500K)
(400K)
(5.1M)
(500K)
(0.0)
(11.4M)
(0.0)
(0.0)
(6.5M)
(34.2M)
(34.5M)
(27.1M)
30.9M
109.7M
-152.4M
-77.4M
-30.7M
-44.7M
63.9M
-5.1M
-5.2M
-34.4M
-27.5M
-22.4M
-17.1M
16.9M
21.6M
-35M
-10.1M
-23.5M
-3.1M
9.6M
457.1M
585.3M
221.3M
263.5M
299.8M
249.5M
433.1M
402.9M
332M
340.1M
269.8M
239.4M
239.6M
241.7M
228.7M
137.4M
152.1M
123.1M
142.5M
53.5M
INVESTING ACTIVITIES
-354.9M
-271.2M
-220.5M
-473.3M
-717.8M
-597.1M
-312.4M
-208.5M
-265.6M
-286.8M
-598.5M
-328.5M
-405.8M
-239.2M
-248.9M
-318.5M
-301.1M
-210.2M
-102.3M
-58.6M
(0.0)
-8.2M
-160.9M
-17.6M
-99.1M
(239M)
-39.2M
-18.5M
-5.9M
-333.3M
-60.3M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(20.4M)
(1.5M)
(0.0)
(0.0)
-2.4M
-9.4M
-2.4M
-3.6M
-8.7M
-12.2M
-13.3M
-16.4M
-14.8M
-3.9M
-8.9M
-20.1M
-16.1M
-11.7M
-3.9M
-10.7M
-44.9M
-387.9M
-648.4M
-344.8M
2M
1M
2.2M
6.4M
12.8M
12.1M
10.2M
13.1M
13.4M
4.8M
36.6M
16.1M
1.5M
7.8M
1.9M
8.9M
62.3M
449.7M
608.8M
376M
14.6M
4.2M
-2.4M
2.9M
0.0
12.9M
5.7M
1.3M
-3.3M
400K
5.4M
-4.1M
300K
2.2M
0.0
300K
-12.8M
-7.2M
-12.8M
31.3M
-340.7M
-283.6M
-384M
-485.2M
-812.8M
-345.3M
-349M
-229M
-276.2M
-618.8M
-625.7M
-336.6M
-420.1M
-240.9M
-250.9M
-320M
-276.1M
-154.1M
-154.7M
(3.9M)
FINANCING ACTIVITIES
12.9M
14.9M
248M
69.9M
18.1M
1.9M
20.3M
86M
30.9M
161.2M
200.6M
98.2M
77M
39.1M
20.5M
65.2M
71.1M
20.6M
15.8M
21M
8.6M
-129.7M
-91.6M
180.1M
183.8M
129.7M
-19.9M
-58.1M
-51.6M
162.2M
244.2M
92.1M
153.6M
78.4M
83.1M
98.2M
180.5M
33.2M
-4.5M
-700K
-162.8M
-155.5M
-145.9M
-131.9M
-128.2M
-121.4M
-115M
-108.7M
-102.7M
-97.9M
-83.8M
-75.2M
-69.1M
-62.1M
-60.8M
-56.5M
-50.4M
-44.3M
-43.9M
-36.7M
700K
7.8M
144.7M
86.1M
412M
99.1M
-600K
-21.3M
-1.9M
4.4M
244M
-1.4M
-1.3M
0.0
-1.4M
-600K
1.5M
0.0
0.0
2.5M
-140.6M
-262.5M
155.2M
204.2M
485.7M
109.3M
-115.2M
-102.5M
-125.3M
229.9M
404.4M
113.7M
160.2M
55.4M
41.4M
106.3M
202.7M
9.5M
-32.6M
-13.9M
CASH FLOW SUMMARY
-24.2M
39.2M
-7.5M
-17.5M
-27.3M
13.5M
-31.1M
71.4M
-69.5M
-48.8M
48.5M
16.5M
-20.3M
56.2M
19.2M
-76.3M
78.7M
-21.5M
-44.8M
43.5M
79.4M
40.2M
47.7M
65.2M
92.5M
79M
110.1M
27.5M
97M
145.8M
97.3M
80.8M
101.1M
44.9M
25.7M
102M
23.3M
44.8M
89.6M
46.1M
55.2M
79.4M
40.2M
47.7M
65.2M
92.5M
79M
98.9M
27.5M
97M
145.8M
97.3M
80.8M
101.1M
44.9M
25.7M
102M
23.3M
44.8M
89.6M
102.2M
314.1M
800K
-209.8M
-418M
-347.6M
120.7M
194.4M
66.4M
53.3M
-328.7M
-89.1M
-166.2M
2.5M
-20.2M
-181.1M
-149M
-87.1M
40.2M
-5.1M

SEC Filings

ALE - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
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
Showing 1 to 10 of 476 filings