ALLETE, Inc. (ALE) Misses Q2 EPS by 28c, Offers Guidance

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ALLETE, Inc. Reports Second Quarter Earnings

August 5, 2020 6:30 AM EDT

Reinstates 2020 annual GAAP earnings guidance, with range of $3.09 - $3.29, in light of improved visibility of industrial customer production levels for the remainder of the year Announces 2020 annual adjusted earnings guidance range (Non-GAAP) of $3.25 - $3.45, excluding the Minnesota Power rate case settlement charge, net of tax

DULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported second quarter 2020 earnings of 39 cents per share on net income of $20.1 million. Last years results were 66 cents per share on net income of... More