ALLETE, Inc. (ALE) Misses Q2 EPS by 10c; Maintains Outlook
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ALLETE, Inc. Reports Second Quarter 2018 Earnings; Reaffirms Earnings Guidance
August 2, 2018 6:30 AM EDTDULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported second quarter 2018 earnings of 61 cents per share on net income of $31.3Â million and operating revenue of $344.1 million. Last years results were 72 cents per share on net income of $36.9Â million and operating revenue of $353.3 million.
Financial results from ALLETEs businesses reflect strong power demand from taconite customers, impacts from Minnesota Power's recent rate case and notable progress from ALLETE Clean Energy on its wind turbine refurbishment strategy," said ALLETE Chairman, President and CEO Al Hodnik. "Setting aside year over year timing differentials,... More
