ALLETE, Inc. (ALE) Tops Q4 EPS by 8c
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ALLETE, Inc. Reports 2017 Earnings of $3.38 Per Share; Initiates 2018 Earnings Guidance; Expects Significant Growth from Non-Regulated Businesses
February 15, 2018 6:30 AM ESTDULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported 2017 earnings of $3.38 per share on net income of $172.2Â million and operating revenue of $1.42 billion. Results from 2016 were $3.14 per share on net income of $155.3Â million and operating revenue of $1.34 billion.
I am pleased with our financial performance and accomplishments in 2017 as we continued to execute on our multi-faceted strategy for growth while returning more than $100 million to shareholders in the form of dividends; our businesses are well positioned as we move into 2018 and beyond, said ALLETE Chairman, President and CEO Al Hodnik, We... More
