ALLETE, Inc. (ALE) Tops Q4 EPS by 4c
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ALLETE, Inc. Reports 2019 Earnings of $3.59 Per Share; Initiates 2020 Earnings Guidance; Will Construct Significant New Clean Energy Projects In 2020
February 13, 2020 6:30 AM ESTDULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported 2019 earnings of $3.59 per share on net income of $185.6 million and operating revenue of $1.2 billion. Reported results from 2018 were $3.38 per share on net income of $174.1 million and operating revenue of $1.5 billion.
Net income in 2019 includes a gain on the sale of U.S. Water Services of $0.26 per share, of which $0.04 per share was recognized in the fourth quarter of 2019 for the favorable settlement of a U.S. Water Services patent infringement case, offset by $0.02 per share of U.S. Water Services operating results... More
