ALLETE, Inc. (ALE) Tops Q2 EPS by 4c; Offers FY22 EPS Guidance
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ALLETE, Inc. Reports Second Quarter Earnings of 67 Cents Per Share, Reaffirms 2022 Earnings Guidance Range of $3.60 - $3.90 Per Share
August 3, 2022 6:30 AM EDTDULUTH, Minn.--(BUSINESS WIRE)-- ALLETE, Inc. (NYSE: ALE) today reported second quarter 2022 earnings of 67 cents per share on net income of $37.6 million. Last years results were 53 cents per share on net income of $27.9 million. Included in this years quarterly results were transaction fees of $1.6 million after-tax, or 3 cents per share, and purchase price accounting impacts of $4 million after-tax, or 7 cents per share, related to the acquisition of New Energy Equity LLC.
We are pleased with these results and with our progress on key initiatives already in 2022, said ALLETE President and... More
