Allete: Q4 Earnings Snapshot
By AP News
Published - Feb 20, 2024, 06:51 AM ET
Last Updated - Feb 20, 2024, 06:51 AM EST
DULUTH, Minn. (AP) — DULUTH, Minn. (AP) — Allete Inc. (ALE) on Tuesday reported fourth-quarter net income of $51.5 million.
The Duluth, Minnesota-based company said it had net income of 89 cents per share.
The power company owner posted revenue of $402.7 million in the period.
For the year, the company reported profit of $247.1 million, or $4.30 per share. Revenue was reported as $1.88 billion.
