ALLETE, Inc. (ALE) Tops Q4 EPS by 16c
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ALLETE, Inc. Reports 2016 Earnings of $3.14 Per Share
February 15, 2017 6:30 AM ESTDULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported 2016 earnings of $3.14 per share on net income of $155.3Â million and operating revenue of $1.34 billion. Results from 2015 were $2.92 per share on net income of $141.1Â million and operating revenue of $1.49 billion. Operating revenue in 2015 included $197.7 million for ALLETE Clean Energys construction of a wind energy facility which was sold to Montana-Dakota Utilities in 2015.
Net income for 2016 was impacted by a gain related to the change in fair value of the U.S. Water Services contingent consideration liability, offset by the impact of an adverse November 2016... More
