ALLETE Past Earnings Performance
Past criteria checks 4/6
ALLETE has been growing earnings at an average annual rate of 3.7%, while the Electric Utilities industry saw earnings growing at 5.4% annually. Revenues have been growing at an average rate of 7.3% per year. ALLETE's return on equity is 5.3%, and it has net margins of 13.1%.
Key information
3.7%
Earnings growth rate
1.1%
EPS growth rate
| Electric Utilities Industry Growth | 6.3% |
| Revenue growth rate | 7.3% |
| Return on equity | 5.3% |
| Net Margin | 13.1% |
| Next Earnings Update | 09 May 2024 |
Recent past performance updates
Recent updates
These 4 Measures Indicate That ALLETE (NYSE:ALE) Is Using Debt Extensively
Apr 11
ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705
Feb 12Allete: I Continue To Be Bullish On This Quality Business
Feb 10ALLETE (NYSE:ALE) Will Pay A Larger Dividend Than Last Year At $0.705
Jan 29Calculating The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)
Jan 19There's No Escaping ALLETE, Inc.'s (NYSE:ALE) Muted Earnings
Dec 19Allete: An Undervalued Company With Excellent Opportunity
Nov 23ALLETE (NYSE:ALE) Ticks All The Boxes When It Comes To Earnings Growth
Nov 07ALLETE (NYSE:ALE) May Have Issues Allocating Its Capital
Oct 09A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)
Sep 24ALLETE (NYSE:ALE) Takes On Some Risk With Its Use Of Debt
Sep 06Allete: A Potential Buy In Renewable Energy
Aug 30Allete's Q2 Performance: Generating Energy And Enthusiasm
Aug 11Be Wary Of ALLETE (NYSE:ALE) And Its Returns On Capital
Jun 26Is ALLETE, Inc. (NYSE:ALE) Worth US$62.0 Based On Its Intrinsic Value?
Jun 09ALLETE (NYSE:ALE) Use Of Debt Could Be Considered Risky
May 24ALLETE (NYSE:ALE) Is Increasing Its Dividend To $0.6775
May 07Need To Know: Analysts Are Much More Bullish On ALLETE, Inc. (NYSE:ALE) Revenues
May 05A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)
Mar 10Here's Why ALLETE (NYSE:ALE) Is Weighed Down By Its Debt Load
Feb 21Allete: Dividend Play, Leading The Renewables Transition
Feb 15ALLETE (NYSE:ALE) Will Want To Turn Around Its Return Trends
Feb 06ALLETE raises dividend by 4.28% to $0.6775
Feb 03A Look At The Intrinsic Value Of ALLETE, Inc. (NYSE:ALE)
Dec 04Allete Stock Compares Favorably To Bond ETFs IEF And ILTB
Nov 16ALLETE Q3 2022 Earnings Preview
Nov 08The Returns On Capital At ALLETE (NYSE:ALE) Don't Inspire Confidence
Nov 02ALLETE declares $0.65 dividend
Oct 28Here's Why ALLETE (NYSE:ALE) Is Weighed Down By Its Debt Load
Oct 18An Intrinsic Calculation For ALLETE, Inc. (NYSE:ALE) Suggests It's 22% Undervalued
Aug 29ALLETE GAAP EPS of $0.61 misses by $0.02, revenue of $373.1M beats by $30.28M; reaffirms FY earning guidance
Aug 03ALLETE declares $0.65 dividend
Jul 28The Returns On Capital At ALLETE (NYSE:ALE) Don't Inspire Confidence
Jul 27Is ALLETE (NYSE:ALE) Using Too Much Debt?
Jul 11New Forecasts: Here's What Analysts Think The Future Holds For ALLETE, Inc. (NYSE:ALE)
May 11Is There An Opportunity With ALLETE, Inc.'s (NYSE:ALE) 27% Undervaluation?
May 04Allete Stock: Maintaining A Buy Rating
Apr 26Some Investors May Be Worried About ALLETE's (NYSE:ALE) Returns On Capital
Mar 28ALLETE (NYSE:ALE) Is Increasing Its Dividend To US$0.65
Feb 08Revenue & Expenses BreakdownBeta
How ALLETE makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 1,880 | 247 | -9 | 0 |
| 30 Sep 23 | 1,903 | 247 | -7 | 0 |
| 30 Jun 23 | 1,912 | 195 | -8 | 0 |
| 31 Mar 23 | 1,752 | 181 | -9 | 0 |
| 31 Dec 22 | 1,571 | 189 | -10 | 0 |
| 30 Sep 22 | 1,544 | 200 | -7 | 0 |
| 30 Jun 22 | 1,501 | 193 | -11 | 0 |
| 31 Mar 22 | 1,464 | 184 | -7 | 0 |
| 31 Dec 21 | 1,419 | 169 | -6 | 0 |
| 30 Sep 21 | 1,341 | 154 | -12 | 0 |
| 30 Jun 21 | 1,289 | 168 | -7 | 0 |
| 31 Mar 21 | 1,197 | 160 | -8 | 0 |
| 31 Dec 20 | 1,169 | 165 | -9 | 0 |
| 30 Sep 20 | 1,153 | 177 | -9 | 0 |
| 30 Jun 20 | 1,148 | 167 | -16 | 0 |
| 31 Mar 20 | 1,195 | 181 | -8 | 0 |
| 31 Dec 19 | 1,241 | 186 | -8 | 0 |
| 30 Sep 19 | 1,384 | 197 | -5 | 0 |
| 30 Jun 19 | 1,444 | 197 | 3 | 0 |
| 31 Mar 19 | 1,498 | 194 | -5 | 0 |
| 31 Dec 18 | 1,499 | 174 | -5 | 0 |
| 30 Sep 18 | 1,388 | 154 | -6 | 0 |
| 30 Jun 18 | 1,403 | 169 | -8 | 0 |
| 31 Mar 18 | 1,412 | 174 | -5 | 0 |
| 31 Dec 17 | 1,419 | 172 | -4 | 0 |
| 30 Sep 17 | 1,423 | 175 | -3 | 0 |
| 30 Jun 17 | 1,410 | 171 | 0 | 0 |
| 31 Mar 17 | 1,372 | 158 | -1 | 0 |
| 31 Dec 16 | 1,340 | 155 | -7 | 0 |
| 30 Sep 16 | 1,379 | 129 | 0 | 0 |
| 30 Jun 16 | 1,492 | 149 | 0 | 0 |
| 31 Mar 16 | 1,500 | 147 | 0 | 0 |
| 31 Dec 15 | 1,486 | 141 | 0 | 0 |
| 30 Sep 15 | 1,397 | 156 | 0 | 0 |
| 30 Jun 15 | 1,223 | 137 | 0 | 0 |
| 31 Mar 15 | 1,160 | 131 | 0 | 0 |
| 31 Dec 14 | 1,137 | 125 | 0 | 0 |
| 30 Sep 14 | 1,114 | 125 | 0 | 0 |
| 30 Jun 14 | 1,076 | 109 | 0 | 0 |
| 31 Mar 14 | 1,051 | 106 | 0 | 0 |
| 31 Dec 13 | 1,018 | 105 | 0 | 0 |
| 30 Sep 13 | 1,006 | 101 | 0 | 0 |
| 30 Jun 13 | 1,004 | 105 | 0 | 0 |
Quality Earnings: ALE has a large one-off gain of $58.6M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: ALE's current net profit margins (13.1%) are higher than last year (12.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ALE's earnings have grown by 3.7% per year over the past 5 years.
Accelerating Growth: ALE's earnings growth over the past year (30.5%) exceeds its 5-year average (3.7% per year).
Earnings vs Industry: ALE earnings growth over the past year (30.5%) exceeded the Electric Utilities industry 3.5%.
Return on Equity
High ROE: ALE's Return on Equity (5.3%) is considered low.