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Allete Inc   (ALE)
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    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 



  Allete Inc Outlook

On February 7 2024 the Allete Inc provided following guidance

DULUTH, Minn. - ALLETE Inc. (NYSE:ALE), a leading energy company, is set to disclose its financial results for the year 2023 on Tuesday, February 20, 2024, before the opening of the stock markets. The announcement will be made by ALLETE's Chair, President, and Chief Executive Officer, Bethany M. Owen, along with Senior Vice President and Chief Financial Officer, Steven W. Morris.

During a conference call scheduled for 10 a.m. Eastern time, Owen and Morris will provide a comprehensive overview of the financial results, highlighting the company's performance and discussing various factors related to the outcome. Additionally, they will provide guidance on the earnings expected for the year 2024.

Investors, stakeholders, and industry s are eagerly anticipating ALLETE's financial results, as they will provide valuable insights into the company's performance and future prospects. The conference call is expected to provide a platform for participants to gain a deeper understanding of ALLETE's financial status and strategic direction moving forward.

ALLETE Inc. continues to be a prominent player in the energy industry, and the release of its financial results will undoubtedly generate interest and shape market perceptions. Investors and stakeholders should mark their calendars for Tuesday, February 20, 2024, to stay informed about ALLETE's performance and future outlook.

On November 2 2023 the Allete Inc provided following guidance

ALLETE, Inc., based in Duluth, Minnesota, has released its financial report for the third quarter of 2023, revealing earnings of $1.49 per share and a net income of $85.9 million. This represents a significant improvement from the previous year's third quarter earnings of 59 cents per share and a net income of $33.7 million.

ALLETE Chair, President, and Chief Executive Officer Bethany Owen expressed satisfaction with the company's strong financial performance in the latest quarter and expressed optimism about the company's future prospects. Owen noted that ALLETE's Sustainability in Action strategy continues to drive positive momentum and is expected to contribute to further growth.

As a result, ALLETE has revised its full-year earnings guidance for 2023, raising it to a range of $4.30 to $4.40 per share. This upward adjustment reflects the increased earnings generated by ALLETE Clean Energy, a subsidiary of ALLETE, which is playing a significant role in boosting the company's overall performance.

ALLETE continues to prioritize its commitment to sustainability and is taking concrete steps to incorporate sustainable practices into its operations. This strategy has not only produced favorable financial outcomes but also demonstrates ALLETE's dedication to addressing environmental concerns and promoting responsible corporate behavior.

Overall, ALLETE's positive financial results in the third quarter of 2023 and the raised earnings guidance for the full year highlight the company's strong performance and its ability to capitalize on opportunities in the clean energy sector.


 ALE $57.5800 $-0.9400 -1.61%

 Volume (M): 192   Open : 58.50    52 Wk Avg :  58.26





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