ALE
ALLETE, Inc.67.90
-0.04-0.06%
Dec 12, 4:00:21 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
3.94BP/E (TTM)
23.82Basic EPS (TTM)
2.85Dividend Yield
0.04%Recent Filings
8-K
8-K
10-Q
Q3 FY2025 results
ALLETE's Q3 revenue dipped 8% y/y to $375M, driven by softer non-utility sales, yet Regulated Operations held steady at $320M amid higher cost recovery riders offsetting milder weather's drag on retail volumes. Operating income fell 35% y/y to $29.6M, pressured by elevated O&M and depreciation, while interest expense climbed 26% y/y to $25.6M on fresh debt issuances; diluted EPS slid to $0.46 from $0.78, reconciling cleanly with 58.2M shares. Cash swelled to $78.7M, bolstered by $253M operating inflows, though capex surged to $538M YTD for transmission upgrades—free cash flow not disclosed in the 10-Q. The pending merger with CPP Investments and GIP, greenlit verbally by MPUC in October 2025, promises $200M in customer credits but caps rate hikes through 2026. Still, taconite production cuts by key clients like Cliffs pose demand risks.
8-K
Stub dividend record date set
ALLETE set October 16, 2025, as the record date for a potential stub period dividend tied to its pending merger with Alloy Parent LLC, covering days since the last quarterly payout at a pro-rated daily rate. Shareholders must hold shares through closing to qualify. Board yet to declare it. Closing hinges on Minnesota PUC approval.
8-K
MPUC approves ALLETE merger
ALLETE secured unanimous MPUC approval for its acquisition by CPP Investments and Global Infrastructure Partners on October 3, 2025, paving the way for closure in late 2025. The deal unlocks capital for clean-energy infrastructure while delivering $200 million in customer benefits, including a one-year rate freeze and $50 million in credits. Headquarters stay in Duluth; workforce intact. Risks linger if closing conditions falter.
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