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Allete Inc

Utilities US ALE

NoneUSD
-(-%)

Last update at 2026-01-15T21:01:24.812037Z

Day Range

--
LowHigh

52 Week Range

54.0465.19
LowHigh

Fundamentals

  • Previous Close -
  • Market Cap3744.36M
  • VolumeNone
  • P/E Ratio20.76
  • Dividend Yield4.37%
  • EBITDA448.30M
  • Revenue TTM1567.70M
  • Revenue Per Share TTM27.22
  • Gross Profit TTM 446.80M
  • Diluted EPS TTM3.12

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 100.10M 110.90M 122.10M 178.90M 158.60M
Minority interest -58.00000M -31.40000M -12.60000M -0.10000M 103.70M
Net income 131.30M 169.20M 174.20M 185.60M 174.10M
Selling general administrative 389.30M 329.70M 308.10M 53.30M 57.90M
Selling and marketing expenses - - - - -
Gross profit 446.80M 453.50M 424.80M 435.10M 462.70M
Reconciled depreciation 250.30M 241.50M 228.10M 213.60M 210.50M
Ebit 134.20M 151.30M 150.90M 179.80M 224.50M
Ebitda 422.90M 418.80M 413.50M 429.40M 435.00M
Depreciation and amortization 288.70M 267.50M 262.60M 249.60M 210.50M
Non operating income net other 41.10M 28.70M 36.80M 64.00M 25.30M
Operating income 134.20M 151.30M 150.90M 179.80M 201.20M
Other operating expenses 1436.50M 1267.90M 1018.20M 1060.70M 1299.40M
Interest expense 75.20M 69.10M 65.60M 64.90M 67.90M
Tax provision -31.20000M -26.90000M -39.50000M -6.60000M -15.50000M
Interest income 56.50M 2.30M 1.60M 4.40M 50.40M
Net interest income -75.20000M -66.80000M -64.00000M -60.50000M -67.90000M
Extraordinary items - - - 0.00000M 0.00000M
Non recurring - - - - -
Other items - - - - -
Income tax expense -31.20000M -26.90000M -39.50000M -6.60000M -15.50000M
Total revenue 1570.70M 1419.20M 1169.10M 1240.50M 1498.60M
Total operating expenses 312.60M 302.20M 273.90M 255.30M 263.50M
Cost of revenue 1123.90M 965.70M 744.30M 805.40M 1035.90M
Total other income expense net -34.10000M -40.40000M -28.80000M -0.90000M 27.30M
Discontinued operations - - - - -
Net income from continuing ops 131.30M 137.80M 161.60M 185.50M 174.10M
Net income applicable to common shares 189.30M 169.20M 174.20M 185.60M 174.10M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 6656.40M 6845.60M 6435.00M 6084.60M 5482.80M
Intangible assets 155.40M 155.60M 0.80M - 1.00M
Earning assets - - - - -
Other current assets 83.60M 87.80M 24.80M 24.50M 31.00M
Total liab 3249.30M 3497.30M 3488.70M 3284.40M 3147.20M
Total stockholder equity 2809.60M 2691.90M 2413.10M 2294.60M 2231.90M
Deferred long term liab - 158.10M 185.70M 195.70M 212.80M
Other current liab 109.60M 186.70M 186.20M 60.80M 53.30M
Common stock 1803.70M 1781.50M 1536.70M 1460.90M 1436.70M
Capital stock 1803.70M 1781.50M 1536.70M 1460.90M 1436.70M
Retained earnings 1026.40M 934.80M 900.20M 864.80M 818.80M
Other liab - 1123.60M 1182.10M 1215.10M 1217.10M
Good will 154.90M - - - 1.00M
Other assets - 592.50M 725.50M 990.00M 609.10M
Cash 71.90M 36.40M 45.10M 44.30M 69.30M
Cash and equivalents - 36.40M 45.10M 44.30M 69.30M
Total current liabilities 377.60M 716.20M 543.40M 459.60M 507.40M
Current deferred revenue 7.40M 150.70M 27.20M 79.20M 69.10M
Net debt 1719.40M 1896.90M 1948.70M 1775.00M 1573.20M
Short term debt 114.80M 275.80M 219.00M 209.60M 219.80M
Short long term debt 111.40M 272.60M 214.20M 203.70M 212.90M
Short long term debt total 1791.30M 1933.30M 1993.80M 1819.30M 1642.50M
Other stockholder equity - -24.40000M 533.00M 505.50M 104.10M
Property plant equipment - 5004.00M 5100.20M 4840.80M 4377.00M
Total current assets 468.10M 718.00M 291.30M 254.90M 269.50M
Long term investments 331.20M 322.70M 318.00M 301.20M 197.60M
Net tangible assets - 2691.90M 2413.10M 2294.60M 2230.90M
Short term investments - - - 301.00M -
Net receivables 137.20M 137.90M 123.70M 111.90M 96.40M
Long term debt 1679.90M 1648.20M 1763.20M 1593.20M 1400.90M
Inventory 175.40M 455.90M 97.70M 74.20M 72.80M
Accounts payable 102.20M 103.00M 111.00M 110.00M 165.20M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - 656.40M 533.20M 505.60M 103.70M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -20.50000M -24.40000M -23.80000M -31.10000M -23.60000M
Additional paid in capital - - - - -
Common stock total equity - 1781.50M 1536.70M 1460.90M 1436.70M
Preferred stock total equity - - - - -
Retained earnings total equity - 934.80M 900.20M 864.80M 818.80M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 688.30M 474.50M 709.10M 665.30M 101.20M
Deferred long term asset charges - - - - -
Non current assets total 6188.30M 6127.60M 6143.70M 5829.70M 5213.30M
Capital lease obligations - 12.50M 16.40M 22.40M 28.70M
Long term debt total - 1648.20M 1763.20M 1593.20M 1400.90M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -273.50000M -6.10000M -14.80000M -95.00000M -29.70000M
Change to liabilities - 115.10M 28.00M 19.00M -38.40000M
Total cashflows from investing activities - -384.00000M -485.20000M -812.80000M -345.30000M
Net borrowings - -91.60000M 180.10M 183.80M 129.70M
Total cash from financing activities -262.50000M 155.20M 204.20M 485.70M 109.30M
Change to operating activities - 119.00M -66.20000M -33.60000M -64.80000M
Net income 247.10M 131.30M 137.80M 161.60M 185.50M
Change in cash 39.20M -7.50000M -17.50000M -27.30000M 13.50M
Begin period cash flow 40.20M 47.70M 65.20M 92.50M 79.00M
End period cash flow 79.40M 40.20M 47.70M 65.20M 92.50M
Total cash from operating activities 585.30M 221.30M 263.50M 299.80M 249.50M
Issuance of capital stock 15.00M 248.00M 69.90M 18.10M 1.90M
Depreciation 251.80M 250.30M 241.50M 228.10M 213.60M
Other cashflows from investing activities - -157.40000M 2.90M -95.00000M 281.50M
Dividends paid 155.50M 145.90M 131.90M 128.20M 121.40M
Change to inventory 277.10M -256.10000M -23.50000M -1.40000M -4.10000M
Change to account receivables 1.80M -14.00000M -13.00000M -18.20000M 22.60M
Sale purchase of stock -0.00000M 395.60M 733.00M 672.40M 201.90M
Other cashflows from financing activities 7.80M 930.10M 86.10M 412.00M 99.10M
Change to netincome - -33.80000M -27.00000M -47.70000M -42.90000M
Capital expenditures 271.20M 220.50M 473.30M 717.80M 597.10M
Change receivables - -14.00000M -13.00000M -18.20000M 22.60M
Cash flows other operating - 28.50M -80.30000M -41.60000M -86.80000M
Exchange rate changes - - - - -
Cash and cash equivalents changes - -7.50000M -17.50000M -27.30000M 13.50M
Change in working capital 109.70M -152.40000M -77.40000M -30.70000M -44.70000M
Stock based compensation 7.30M 4.90M 5.90M 6.10M 6.30M
Other non cash items -48.20000M 25.70M -17.40000M -25.60000M -94.10000M
Free cash flow 314.10M 0.80M -209.80000M -418.00000M -347.60000M

Peer Comparison

Sector: Utilities Industry: Utilities - Diversified

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
ALE
Allete Inc		 - -% - 20.76 17.39 2.39 1.32 3.46 11.10
IBDSF
Iberdrola S.A		 0.005 0.02% 22.69 16.24 14.71 1.51 1.42 2.45 9.52
IBDRY
Iberdrola SA		 -1.08 1.20% 89.19 16.07 14.58 1.50 1.41 2.42 9.41
ENLAY
ENEL Societa per Azioni		 -0.13 1.18% 10.93 12.18 10.44 0.74 1.96 1.40 7.34
ESOCF
Enel SpA		 - -% 11.59 12.02 10.42 0.73 1.95 1.40 7.34

Reports Covered

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Profile

ALLETE, 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. In addition, 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 150,000 retail customers and 14 non-affiliated municipal customers. Further, it owns and maintains electric transmission assets in Wisconsin, Michigan, Minnesota, and Illinois. Additionally, the company focuses on developing, acquiring, and operating clean and renewable energy projects; and owns and operates approximately 1,200 megawatts of wind energy generation facility, as well as involved in the coal mining operations in North Dakota; and real estate investment activities in Florida. It owns and operates 162 substations with a total capacity of 9,980 megavolt amperes. The company 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.

Allete Inc

30 West Superior Street, Duluth, MN, United States, 55802-2093

Key Executives

Name Title Year Born
Ms. Bethany M. Owen Chairman & CEO 1966
Mr. Steven Wayne Morris Sr. VP & CFO 1962
Ms. Margaret A. Thickens VP, Chief Legal Officer & Corp. Sec. 1967
Mr. Josh Kunkel Pres NA
Mr. Vincent J. Meyer VP of Investor Relations NA
Jeffrey Scissons Director of Corp. Devel. NA
Mr. Patrick L. Cutshall C.F.A., CPA, CPA, CFA VP & Corp. Treasurer 1965
Mr. Rob Sandstrom Pres of Superior Water, Light & Power NA
Mr. Matthew Hankey Pres & CEO of New Energy Equity NA
Mr. Frank Frederickson VP of Customer Experience- Minnesota Power NA

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