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ALLETE ALE
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Quarterly report 2025-Q3
added 10-31-2026

ALLETE Financial Statements 2024-2007 | ALE

Annual Financial Statements ALLETE

2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Market Cap

3.78 B 3.29 B 3.13 B 3.24 B 3.04 B 3.87 B 3.44 B 3.12 B 3.17 B 2.56 B 2.43 B 1.96 B 1.73 B 1.45 B - - - -

Shares

57.7 M 57.3 M 55.9 M 52.4 M 51.9 M 51.6 M 51.3 M 50.8 M 49.3 M 48.3 M 42.9 M 39.7 M 37.6 M 35.3 M 34.2 M 32.2 M 29.2 M -

Historical Prices

65.5 57.4 56.1 61.9 58.6 75 67.1 61.4 53.6 41.8 43.1 36.5 32.4 27.8 - - - -

Net Income

50.6 M 51.5 M 51.7 M 61.9 M 38.3 M 49.7 M 61.1 M 41.4 M 155 M 141 M 125 M 105 M 97.1 M 93.8 M 75.3 M 61 M 82.5 M -

Revenue

365 M 403 M 426 M 399 M 1.17 B 1.24 B 1.5 B 1.42 B 1.34 B 1.49 B 1.14 B 1.02 B 961 M 928 M - - - -

Cost of Revenue

129 M 474 M 183 M 68.8 M 66.7 M 80.6 M 218 M 148 M 137 M 294 M 77.9 M 71.2 M - - - - - -

Gross Profit

236 M -70.8 M 243 M 330 M 425 M 435 M 463 M 464 M 463 M 468 M 324 M 271 M 255 M 622 M - - - -

Operating Income

38.1 M 43.1 M 33.7 M 50 M 23.7 M 49.8 M 64 M 32.3 M 217 M 211 M 189 M 154 M 155 M 150 M 136 M 106 M 122 M -

Interest Expense

23 M 85 M 22.4 M 69.1 M 65.6 M 64.9 M 67.9 M 67.8 M 70.3 M 64.9 M 54.8 M 50.3 M 45.5 M 43.6 M 39.2 M 33.8 M 26.3 M -

EBITDA

310 M 295 M 276 M 282 M 242 M 252 M 270 M 210 M 409 M 417 M 324 M 271 M 255 M 240 M 216 M 171 M 177 M -

Operating Expenses

198 M -114 M 209 M 280 M 274 M 255 M 264 M 234 M 250 M 221 M 136 M 117 M 100 M 472 M -136 M -106 M -122 M -

General and Administrative Expenses

- 345 M 319 M 259 M 252 M 264 M 340 M - - - - - - - - - - -

All numbers in USD currency

Quarterly Income Statement ALLETE

2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2010-Q3 2010-Q2

Shares

58.1 M 58 M 57.9 M - 57.8 M 57.7 M 57.6 M - 57.4 M 57.3 M 57.3 M 400 K 57.1 M 56.1 M 53.3 M 100 K 52.4 M 52.2 M 52.1 M 100 K 51.9 M 51.8 M 51.7 M 51.7 M 51.7 M 51.6 M 51.6 M 51.5 M 51.4 M 51.3 M 51.2 M 100 K 51 M 50.9 M 50.2 M 49.6 M 49.4 M 49.3 M 49.2 M 300 K 48.8 M 48.6 M 46.9 M 800 K 42.9 M 42.1 M 41.4 M 300 K 39.8 M 39.4 M 38.9 M 300 K 37.7 M 37.3 M 36.8 M 200 K 35.6 M 35 M 34.6 M 100 K 34.4 M 34.1 M

Net Income

27.1 M 31.9 M 56.1 M 50.6 M 45 M 33 M 50.7 M 51.5 M 85.9 M 51.5 M 58.2 M 51.7 M 33.7 M 20.8 M 46.5 M 61.9 M 24.1 M 21.7 M 43.4 M 38.3 M 38.8 M 16.9 M 64.5 M 49.7 M 31.2 M 34.2 M 70.5 M 61.1 M 30.7 M 31.3 M 51 M 41.4 M 44.9 M 36.9 M 49 M 44.3 M 40.3 M 24.8 M 45.9 M 18.3 M 60.4 M 22.5 M 39.9 M 32.9 M 41.6 M 16.8 M 33.5 M 33 M 25.2 M 14 M 32.5 M 28.9 M 29.4 M 14.4 M 24.4 M 19.1 M 20.5 M 16.9 M 37.1 M 13.3 M 19.5 M 19.4 M

Revenue

375 M 360 M 400 M 365 M 407 M 354 M 403 M 403 M 379 M 533 M 565 M 426 M 388 M 373 M 384 M 399 M 345 M 336 M 339 M 320 M 294 M 243 M 312 M 305 M 288 M 290 M 357 M 448 M 348 M 344 M 358 M 338 M 362 M 353 M 366 M 342 M 350 M 315 M 334 M 381 M 462 M 323 M 320 M 291 M 289 M 261 M 296 M 268 M 251 M 5 M 5.2 M - 4.9 M 4.8 M 4.6 M - 4.7 M 4.6 M 4.4 M - - -

Cost of Revenue

26 M 24.3 M 24.9 M - 47 M 31.8 M 24.4 M 36.8 M 33 M 193 M 210 M 85.9 M 38.4 M 41.5 M 17 M 21 M 15.2 M 15.8 M 16.8 M 18.1 M 15.4 M 16.3 M 16.9 M 18.8 M 14.7 M 16.5 M 30.6 M 109 M 38.7 M 37 M 32.9 M 41.6 M 36 M 38.4 M 31.5 M 28.9 M 45.7 M 32.5 M 33.3 M 61.1 M 150 M 52.3 M 31.2 M 18.7 M 16.8 M 18.9 M 23.5 M - - - - - - - - - - - - - - -

Gross Profit

349 M 336 M 375 M - 360 M 323 M 379 M 366 M 346 M 340 M 354 M 340 M 350 M 332 M 366 M 378 M 330 M 320 M 322 M 302 M 278 M 227 M 295 M 286 M 274 M 274 M 327 M 339 M 309 M 307 M 325 M 296 M 326 M 315 M 334 M 313 M 304 M 282 M 300 M 320 M 313 M 271 M 289 M 272 M 272 M 242 M 273 M - - - - - - - - - - - - - - -

Operating Income

29.6 M 18 M 53 M 38.1 M 45.3 M 29.4 M 47.3 M 43.1 M 36 M 53.5 M 48.3 M 33.7 M 33.4 M 13.7 M 53.4 M 50 M 31.1 M 28.2 M 42 M 23.7 M 41.6 M 12.7 M 60.2 M 49.8 M 37 M 36.2 M 56.8 M 64 M 43.3 M 36.5 M 57.4 M 32.3 M 68 M 54 M 71.6 M 59.4 M 51.8 M 40.6 M 65.2 M 29.6 M 85.2 M 39.5 M 56.4 M 51.5 M 60.8 M 28.2 M 48.3 M 46.9 M 38.4 M 24.4 M 44.4 M 47.9 M 45.6 M 23.3 M 38.4 M 34.2 M 38.9 M 26.1 M 50.8 M 22.7 M 35.3 M 31.7 M

Interest Expense

5.3 M 5.2 M 4.6 M - 5.5 M 5.9 M 8.6 M 9.7 M 68.7 M 2.5 M 4.1 M 6 M 2.3 M 12.1 M 2 M 2.6 M 1 M 1.8 M 3.3 M 5.6 M 2.9 M 5.2 M 1 M 4.1 M 3 M 4.2 M 7.4 M 2.1 M 1.4 M 2.2 M 2.1 M 1.3 M 1.8 M 1.6 M 1.6 M 7.6 M 1.2 M 600 K 1 M 1.2 M 1.7 M 700 K 1.1 M 2.6 M 2.1 M 1.9 M 2 M 1.8 M 3.3 M 1.5 M 2.7 M 2.6 M 1.5 M 1.2 M 700 K 2.1 M 500 K 1 M 800 K 800 K 600 K 2.2 M

EBITDA

102 M 91.2 M 123 M 38.1 M 116 M 95.4 M 112 M 107 M 99.1 M 116 M 111 M 94.4 M 92.1 M 74.7 M 115 M 108 M 88.6 M 86.1 M 100 M 80.1 M 95 M 67.2 M 114 M 49.8 M 86.5 M 86.4 M 58.2 M 65.5 M 44.7 M 37.8 M 58.8 M 33.7 M 69.3 M 55.4 M 73 M 60.8 M 53.1 M 41.8 M 66.5 M 30.8 M 128 M 80.8 M 57 M -47.9 M 94.2 M 62.1 M 80.5 M 77.2 M 67.8 M 53.1 M 72.6 M 73.7 M 70.6 M 48.1 M 63 M 57.5 M 61.6 M 48.2 M 73.1 M 43.4 M 55.3 M 31.7 M

Operating Expenses

319 M 318 M 322 M - 315 M 293 M 332 M 323 M 310 M 287 M 306 M 306 M 316 M 318 M 313 M 328 M 299 M 292 M 280 M 279 M 237 M 214 M 234 M 63.3 M 58.1 M 66.7 M 76.2 M 86.9 M 80.3 M 86.8 M 86.5 M 92.7 M 81.1 M 85.9 M 84.4 M 100 M 80.8 M 82 M 78.1 M 87.1 M 81.3 M 85.4 M 79.7 M 72.8 M 65.7 M 74.3 M 74.3 M -43.5 M 103 M -24.4 M -44.4 M -47.9 M -45.6 M -23.3 M -38.4 M -34.2 M -38.9 M -26.1 M -50.8 M - - -

All numbers in USD currency

Financial statements are the primary tool companies use to inform stakeholders about their financial position, performance, and changes in capital structure. It is a kind of "business language" understood by investors, creditors, tax authorities, and other participants in the economic environment.

Main types of financial statements ALLETE ALE
  1. Income Statement
    Shows income, expenses, and resulting profit or loss over a specific period. Helps assess business profitability.
  2. Balance Sheet
    Reflects a company’s assets, liabilities, and equity as of a specific date. It’s a snapshot of what the company owns and owes.
    Assets — everything the company owns (cash, equipment, buildings, accounts receivable, etc.).
    Liabilities — debts and other external sources of financing.
    Equity — owners' capital and retained earnings.
  3. Cash Flow Statement
    Reveals how the company earns and spends money in three areas: operating, investing, and financing activities.
International reporting standards
  • IFRS — International Financial Reporting Standards, applicable to public and multinational companies.
  • GAAP — Generally Accepted Accounting Principles used in the United States.
  • RAS — Russian Accounting Standards, used domestically in Russia.

Financial reporting ALLETE plays a crucial role for investors as it serves as an objective source of information about a company's current state. Based on the reports, one can determine whether a company is growing, stagnating, or losing market share. This allows investors to identify both promising and problematic assets in a timely manner.

In addition, financial data provides a basis for forecasting future returns. Historical trends in revenue, profit, and cash flow help evaluate potential dividends, the likelihood of stock price growth, and overall investment risk.

Transparent and accurate reporting is also an indicator of a company’s maturity and managerial responsibility. Such openness builds investor confidence and simplifies investment decision-making, especially when comparing multiple companies.

Finally, financial statements enable high-quality comparative analysis. They allow companies to be evaluated against each other in terms of profitability, debt levels, margins, and other key metrics — which is particularly important when choosing the best investment options within an industry or market segment.

Financial statements of other stocks in the Utilities industry

Issuer Price % 24h Market Cap Country
Sempra Energy Sempra Energy
SRE
$ 78.22 -2.08 % $ 51.1 B usaUSA
The AES Corporation The AES Corporation
AES
$ 14.88 -0.07 % $ 10.6 B usaUSA
Brookfield Infrastructure Partners L.P. Brookfield Infrastructure Partners L.P.
BIP
$ 39.4 4.22 % $ 18 B bermudaBermuda
Algonquin Power & Utilities Corp. Algonquin Power & Utilities Corp.
AQN
$ 5.56 -1.07 % $ 4.27 B canadaCanada
Black Hills Corporation Black Hills Corporation
BKH
$ 84.94 0.24 % $ 6.2 B usaUSA
Enel Chile S.A. Enel Chile S.A.
ENIC
$ 4.35 1.16 % $ 301 M -
Clearway Energy Clearway Energy
CWEN
$ 34.17 -0.26 % $ 6.96 B usaUSA
Ellomay Capital Ltd. Ellomay Capital Ltd.
ELLO
$ 17.42 2.44 % $ 224 M israelIsrael
Avista Corporation Avista Corporation
AVA
$ 40.25 -1.64 % $ 3.26 B usaUSA
Azure Power Global Limited Azure Power Global Limited
AZRE
- - $ 108 M indiaIndia
Dyne Therapeutics Dyne Therapeutics
DYN
$ 18.06 4.03 % $ 2.98 B usaUSA
Kenon Holdings Ltd. Kenon Holdings Ltd.
KEN
$ 57.37 -0.83 % $ 2.99 B singaporeSingapore
MGE Energy MGE Energy
MGEE
$ 80.34 2.53 % $ 2.94 B usaUSA
NorthWestern Corporation NorthWestern Corporation
NWE
$ 83.3 1.56 % $ 4.86 B usaUSA
NextEra Energy Partners, LP NextEra Energy Partners, LP
NEP
- 0.96 % $ 895 M usaUSA
Otter Tail Corporation Otter Tail Corporation
OTTR
$ 78.45 -1.94 % $ 3.28 B usaUSA
Ormat Technologies Ormat Technologies
ORA
$ 92.83 -0.17 % $ 5.64 B usaUSA
Huaneng Power International Huaneng Power International
HNP
- -3.99 % $ 11.7 B chinaChina
Just Energy Group Inc. Just Energy Group Inc.
JE
- -19.51 % $ 7.74 M canadaCanada
Companhia Paranaense de Energia - COPEL Companhia Paranaense de Energia - COPEL
ELP
- - $ 5.14 B brasilBrasil
TransAlta Corporation TransAlta Corporation
TAC
$ 13.02 -0.88 % $ 3.87 B canadaCanada
Transportadora de Gas del Sur S.A. Transportadora de Gas del Sur S.A.
TGS
$ 21.55 -1.01 % $ 16.2 B argentinaArgentina
Atlantic Power Corporation Atlantic Power Corporation
AT
- - $ 273 M usaUSA
Cosan Limited Cosan Limited
CZZ
- 2.01 % $ 4.53 B brasilBrasil
China Recycling Energy Corporation China Recycling Energy Corporation
CREG
- - $ 11.7 M chinaChina
Dominion Energy Dominion Energy
DCUE
- -0.76 % $ 67.9 B usaUSA
Brookfield Renewable Partners L.P. Brookfield Renewable Partners L.P.
BEP
$ 31.14 1.63 % $ 12.9 B bermudaBermuda
National Grid plc National Grid plc
NGG
$ 83.12 -3.25 % $ 391 B britainBritain
NRG Energy NRG Energy
NRG
$ 88.49 9.83 % $ 17.3 B usaUSA
Public Service Enterprise Group Incorporated Public Service Enterprise Group Incorporated
PEG
$ 72.6 -0.68 % $ 36.2 B usaUSA
Dominion Energy Dominion Energy
D
$ 68.85 -1.18 % $ 58.8 B usaUSA
Companhia Energética de Minas Gerais Companhia Energética de Minas Gerais
CIG
$ 1.86 1.64 % $ 6.59 B brasilBrasil
Entergy Corporation Entergy Corporation
ETR
$ 110.45 0.13 % $ 48.8 B usaUSA
Exelon Corporation Exelon Corporation
EXC
$ 45.62 -1.97 % $ 46.1 B usaUSA
FirstEnergy Corp. FirstEnergy Corp.
FE
$ 46.43 -0.48 % $ 26.8 B usaUSA
Unitil Corporation Unitil Corporation
UTL
$ 56.41 -0.39 % $ 947 M usaUSA
Vistra Corp. Vistra Corp.
VST
$ 124.66 10.41 % $ 42.3 B usaUSA
Enel Américas S.A. Enel Américas S.A.
ENIA
- -4.28 % $ 10.3 B chileChile
South Jersey Industries South Jersey Industries
SJI
- - $ 4.42 B usaUSA
Atlantica Sustainable Infrastructure plc Atlantica Sustainable Infrastructure plc
AY
- - $ 2.45 B britainBritain
Orbital Energy Group Orbital Energy Group
OEG
- 2.29 % $ 53.4 M usaUSA