8-K Announcements
6Material company update
Dec 15, 2025·SEC
Material company update
Dec 11, 2025·SEC
Material company update
Oct 6, 2025·SEC
ALLETE, Inc.(ALE)Earnings, Financials & Key Ratios
ALE•NYSE•Utilities
$67.90
21.9× P/E·Price updated Jun 20, 2026
SectorUtilitiesIndustryDiversified UtilitiesSub-IndustryUtility holding companies with non-utility businesses
AboutALLETE, Inc. operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. The company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 145,000 retail customers and 15 non-affiliated municipal customers. It also owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. In addition, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,000 megawatts of wind energy generation facility. Further, it is involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. The company owns and operates 158 substations with a total capacity of 10,066 megavolt amperes. It serves taconite mining, paper, pulp and secondary wood products, pipeline, and other industries. The company was formerly known as Minnesota Power, Inc. and changed its name to ALLETE, Inc. in May 2001. ALLETE, Inc. was incorporated in 1906 and is headquartered in Duluth, Minnesota.Show more
- Revenue$1.53B-18.6%
- EBITDA$438M+1.3%
- Net Income$179M-27.4%
- Free Cash Flow$102M-67.5%
- EBITDA Margin28.65%+24.5%
- Net Margin11.72%-10.8%
- ROE5.28%-27.9%
- Interest Coverage2.55-28.4%
- Debt/Equity0.53+1.0%
ALE Price & Volume
ALLETE, Inc. (ALE) stock price & volume — 10-year historical chart
Loading chart...
Capital Intensity Pressures ALLETE Financial Flexibility Metrics
Investment Thesis • Updated 2025Q3
VerdictNeutral
Growth:Contracting
Profitability:Strained
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Pending acquisition execution risk
Key Thesis Takeaways
- ALLETE is currently navigating a period of significant capital-intensive infrastructure expansion, which has resulted in a 7.9% year-over-year revenue contraction as of 2025Q3.
- While the company maintains a dividend yield of 4.1%, the combination of a 1.58x interest coverage ratio and a $174.2 million free cash flow deficit suggests heightened execution risk.
- Investors should monitor the impact of the pending take-private transaction and regulatory rate case outcomes on the company's ability to sustain its current leverage profile.
Verdict Logic
while the 4.1% dividend yield provides income, the 1.58x interest coverage ratio and significant cash burn warrant caution regarding the company's long-term financial stability.
ALE Growth Metrics
ALLETE, Inc. (ALE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.01%
5 Years4.28%
3 Years2.53%
TTM-4.3%
Profit CAGR
10 Years3.69%
5 Years-0.69%
3 Years1.95%
TTM-8.05%
EPS CAGR
10 Years0.68%
5 Years-2.88%
3 Years-1.27%
TTM-8.4%
Return on Capital
10 Years3.25%
5 Years2.35%
3 Years2.29%
Last Year2.29%
ALE Recent Earnings
ALLETE, Inc. (ALE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 3/12 qtrs (25%)
Q4 2025Latest
Oct 31, 2025Metric
Actual
Est
EPS
$0.46-42.5%
$0.80
Rev
$375M-13.8%
$435M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.61-26.1%
$0.82
Rev
$360M-15.3%
$425M
Q2 2025
May 8, 2025Metric
Actual
Est
EPS
$1.01-2.9%
$1.04
Rev
$400M-12.3%
$456M
Q1 2025
Feb 13, 2025Metric
Actual
Est
EPS
$0.87-22.3%
$1.12
Rev
$365M-11.8%
$414M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Oct 31, 2025 | $0.46vs $0.80-42.5% | $375Mvs $435M-13.8% |
| Q3 2025 | Aug 7, 2025 | $0.61vs $0.82-26.1% | $360Mvs $425M-15.3% |
| Q2 2025 | May 8, 2025 | $1.01vs $1.04-2.9% | $400Mvs $456M-12.3% |
| Q1 2025 | Feb 13, 2025 | $0.87vs $1.12-22.3% | $365Mvs $414M-11.8% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for ALLETE, Inc. (ALE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $67.90 | $3.94B | 21.89 | -18.62% | 11.72% | 5.28% | 4.15% | |
| $71.45 | $4.39B | 24.30 | 6.38% | 10.21% | 5.8% | — | |
| $40.54 | $3.35B | 17.03 | 1.34% | 10.75% | 7.65% | — | |
| $89.66 | $3.76B | 13.69 | -1.99% | 21.34% | 15.21% | — | |
| $150.12 | $8.32B | 25.44 | -0.75% | 18.61% | 9.4% | — | |
| $79.70 | $49.75B | 23.30 | 9.14% | 14.14% | 9.34% | — |
Compare ALE vs Peers
ALLETE, Inc. (ALE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ALE SEC Filings & Documents
ALLETE, Inc. (ALE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when ALE posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
ALE Frequently Asked Questions
ALLETE, Inc. (ALE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is ALLETE, Inc.'s revenue?
ALLETE, Inc. (ALE) reported $1.50B in revenue for fiscal year 2024. This represents a 123% increase from $673.0M in 1995.
How fast is ALLETE, Inc. growing?
ALLETE, Inc. (ALE) saw revenue decline by 18.6% over the past year.
Is ALE profitable?
Yes, ALLETE, Inc. (ALE) is profitable, generating $165.7M in net income for fiscal year 2024 (11.7% net margin).
Dividend & Returns
Does ALE pay dividends?
Yes, ALLETE, Inc. (ALE) pays a dividend with a yield of 4.15%. This makes it attractive for income-focused investors.
What is ALE's return on equity?
ALLETE, Inc. (ALE) has a return on equity (ROE) of 5.3%. This is below average, suggesting room for improvement.
What is ALLETE, Inc.'s free cash flow?
ALLETE, Inc. (ALE) had negative free cash flow of $322.1M in fiscal year 2024, likely due to heavy capital investments.
Industry Metrics
Is ALE's dividend sustainable?
ALLETE, Inc. (ALE) has a dividend payout ratio of 91%. The high payout ratio may limit dividend growth.