ALLETE, Inc. (ALE) Reports Q3 EPS of $1.23, Raises FY15 EPS Gudiance

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ALLETE, Inc. Reports Third Quarter Earnings of $1.23 Per Share

November 3, 2015 6:30 AM EST

Full-year earnings guidance increased to $3.35-$3.50 per share

DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported third quarter 2015 earnings of $1.23 per share on net income of $60.4 million and operating revenue of $462.5 million. Earnings for the third quarter of 2014 were 97 cents per share on net income of $41.6 million and operating revenue of $288.9 million. This quarters results included acquisition transaction fees amounting to two cents per share.

ALLETEs Regulated Operations segment, which includes Minnesota Power, Superior Water, Light and Power, and the Companys investment in the... More