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+8.0%
5Y+23.0%
10Y+3.0%
3Y+6.0%
5Y-3.0%
10Y+27.0%
3Y+73.0%
5Y+83.0%
10Y+34.0%
ALLETE, Inc.

ALLETE, Inc. Profit Bridge

ALE ยท NYSE
Revenue1.53B
Cost of Goods Sold (1.03B)
Gross Profit497.00M
Operating Expenses (336.90M)
Operating Income160.10M
Interest Expense (81.70M)
Other Income/Expense-33.70M
Pretax Income126.40M
Income Tax (4.70M)
Net Income179.30M
Net Income
179.30M

Profitability Analysis

Gross Margin

32.5%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

10.5%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

11.7%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

3.7%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.

ALLETE, Inc. Income Statement

ALE โ€ข NYSE

ALLETE, Inc. Income StatementDec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006Dec 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

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