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Allete Inc   (ALE)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities


Allete Inc 's Effective Tax Rate by quarter

Trends, Rankings, Statistics



ALE Effective Tax Rate (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Pre-Tax Income Change 51.57 % 353.57 % 222.4 % -8.22 % -38.05 %
Seq. Pre-Tax Income Change -56.69 % 120.6 % 3.07 % 53.94 % 29.59 %
Pre-Tax Income In Millions $38.50 $88.90 $40.30 $39.10 $25.40
Effective Tax Rate 19.48 % 21.71 % -0.99 % 3.84 % -46.46 %
Effective Tax Rate Total Ranking # 560 # 973 # # 121 #
Income taxes expenses / -benefit In Millions $7.50 $19.30 $-0.40 $1.50 $-11.80
Y / Y Income taxes expenses / -benefit Change - - - - -
Seq. Income taxes expenses / -benefit Change -61.14 % - - - -


Commenting fourth Quarter 2023 Effective Tax Rate
Company's effective tax rate in IV. Quarter decreased compare to previous quarter to 19.48 %, above company's average Effective Tax Rate.

Looking into IV. Quarter results within Electric Utilities industry 17 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 560, from total ranking in previous quarter at 973.

ALE's Effective Tax Rate fourth quarter 2023 Company Ranking
Within: No.
Electric Utilities Industry # 18
Utilities Sector # 34
Overall # 559

ALE's Effective Tax Rate Statistics
High Average Low
25.94 % 18.19 % 1.29 %
(Sep 30 2012)   (Sep 30 2018)




Other Effective Tax Rate Profitability Ratios
ALE's Cumulative Effective Tax Rate
Electric Utilities Industry Effective Tax Rate Trends and Statistics
Utilities Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
ALE's Effective Tax Rate Profitability versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for ALE's Competitors
Effective Tax Rate Profit Margin for Allete Inc 's Suppliers
Effective Tax Rate Profit Margin for ALE's Customers

You may also want to know
ALE's Annual Growth Rates ALE's Profitability Ratios ALE's Asset Turnover Ratio ALE's Dividend Growth
ALE's Roe ALE's Valuation Ratios ALE's Financial Strength Ratios ALE's Income taxes expenses / -benefit Growth
ALE's Roa ALE's Inventory Turnover Ratio ALE's Growth Rates ALE's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Dec 31 2023, within Electric Utilities Industry Effective Tax RateDec 31 2023 MRQ Income taxes expenses / -benefitDec 31 2023 MRQ Pre-Tax Income
Pinnacle West Capital Corporation  39.42 %$ 2.787 $ 7.070 
Firstenergy Corp  27.82 %$ 74.000 $ 266.000 
Nrg Energy inc  26.19 %$ 171.000 $ 653.000 
Itc Holdings Corp   24.07 %$ 39.000 $ 162.000 
Wisconsin Electric Power Company  23.61 %$ 26.000 $ 110.100 
Wisconsin Public Service Corporation  22.14 %$ 12.400 $ 56.000 
Public Service Enterprise Group Incorporated  20.52 %$ 141.000 $ 687.000 
Ameren Corporation  19.70 %$ 39.000 $ 198.000 
Allete Inc   19.48 %$ 7.500 $ 38.500 
Portland General Electric Company  18.07 %$ 15.000 $ 83.000 
Consolidated Edison Inc   17.53 %$ 71.000 $ 405.000 
Fortis Inc   17.39 %$ 275.760 $ 1,585.620 
Ormat Technologies Inc   16.76 %$ 8.188 $ 48.848 
Nextera Energy Inc  15.60 %$ 169.000 $ 1,083.000 
Hydro One Inc   14.19 %$ 139.412 $ 982.778 
Exelon Corporation  13.97 %$ 100.000 $ 716.000 
Edison International  13.73 %$ 67.000 $ 488.000 
Hawaiian Electric Industries Inc   13.45 %$ 7.658 $ 56.920 
Dte Energy Co  13.07 %$ 63.000 $ 482.000 
Emera Incorporated  10.91 %$ 98.048 $ 898.518 
Duke Energy Corporation  9.71 %$ 122.000 $ 1,257.000 
Wec Energy Group Inc   9.00 %$ 21.600 $ 240.100 




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