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ALLETE, Inc. : Reports First Quarter Earnings of 99 Cents per Share


Reaffirms 2021 earnings guidance range of $3.00 - $3.30 per share
ALLETE, Inc. (NYSE: ALE) today reported first quarter 2021 earnings of 99 cents per share on net income of $51.8 million. Last year’s results were $1.28 per share on net income of $66.3 million. The timing of income taxes and operating and maintenance expense in 2021 negatively impacted the quarter compared to internal expectations by approximately 15 cents per share, which are expected to reverse during the remainder of the year. In addition, net income in 2021 included an approximately $5 million dollars, or 10 cents per share, negative impact related to ALLETE Clean Energy’s Diamond Spring wind energy facility due to an extreme winter storm event in the southern United States in February 2021. ....

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ALLETE to Announce First Quarter Financial Results May 6


Press release content from Business Wire. The AP news staff was not involved in its creation.
ALLETE to Announce First Quarter Financial Results May 6
April 8, 2021 GMT
DULUTH, Minn. (BUSINESS WIRE) Apr 8, 2021
ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 6, 2021.
Following the release, ALLETE Chief Executive Officer and President Bethany M. Owen, Senior Vice President and Chief Financial Officer Robert J. Adams, and Vice President, Controller and Chief Accounting Officer Steven W. Morris will present an overview of results and discuss other factors affecting performance during a conference call beginning at 10 a.m. Eastern time. Interested parties may listen to the conference live by calling (877) 303-5852 using passcode 6089168, or by accessing the webcast on ALLETE’s website, www.allete.com. ....

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