Allete Q4 Results Miss Estimates

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Allete Q4 Results Miss Estimates

(RTTNews) - Energy utility Allete Inc. (ALE) reported Tuesday that net income attributable to ALLETE for the fourth quarter edged down to $51.5 million or $0.89 per share from $51.7 million or $0.90 per share in the prior-year quarter.

On average, five analysts polled by Thomson Reuters expected the company to report earnings of $0.97 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating revenue for the quarter increased to $402.7 million from $425.8 million in the same quarter last year. Analysts expected revenues of $425.30 million for the quarter.

Looking ahead, the Company has a long-term objective of achieving consolidated earnings per share growth within a range of 5 to 7 percent.

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Allete Q2 Net Profit, Revenues Decline

Allete Q2 Net Profit, Revenues Decline

Energy utility Allete, Inc. (ALE) reported Thursday that net income attributable to ALLETE for the second quarter declined to $33.0 million or $0.57 per share from $51.5 million or $0.90 per share in the prior-year quarter.
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Allete Q3 Earnings Miss Estimates; Maintains FY22 Outlook

Allete Q3 Earnings Miss Estimates; Maintains FY22 Outlook

Energy utility Allete Inc. (ALE) reported Wednesday that net income attributable to ALLETE for the third quarter grew to $33.7 million or $0.59 per share from $27.6 million or $0.53 per share in the prior-year quarter.
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