Allete: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2024, 10:14 AM ET
Last Updated - Aug 01, 2024, 10:14 AM EDT
DULUTH, Minn. (AP) — DULUTH, Minn. (AP) — Allete Inc. (ALE) on Thursday reported second-quarter earnings of $33 million.
On a per-share basis, the Duluth, Minnesota-based company said it had profit of 57 cents. Earnings, adjusted for non-recurring costs, came to 82 cents per share.
The power company owner posted revenue of $354.5 million in the period.
Allete shares have climbed 5.5% since the beginning of the year. The stock has increased 12% in the last 12 months.
