ALLETE, Inc. (ALE) Misses Q2 EPS by 3c
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ALLETE, Inc. Reports Second Quarter Earnings of 53 Cents Per Share
August 4, 2021 6:30 AM EDTDULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported second quarter 2021 earnings of 53 cents per share on net income of $27.9 million. Last years results were 39 cents per share on net income of $20.1 million. Results in the second quarter of 2020 included an $8.3 million after tax-charge, or 16 cents per share, for the Minnesota Power rate case resolution.
We are encouraged by the healthy production rebound of Minnesota Powers taconite customers, said ALLETE Chair, President and CEO Bethany Owen. Electric sales to these industrial customers have been robust so far in 2021, and we... More
