NYSE$ALE

ALLETE Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

ALE Q2 2024 — $13.3M revenue, 27.00 EPS

Statements in this report that are not statements of historical facts are considered “forward-looking” and, accordingly, involve risks and uncertainties that could cause actual results to differ mater. ALLETE Inc reported Q2 2024 results. Diluted EPS came in at $27.00. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $13.3M.
  • Diluted EPS: $27.00.
  • Operating income: $29.4.

Headline financials

Total Revenue

$355M

Previous: $533M-33.5%
EPS

$0.57

Previous: $0.90-36.7%
Capital Expenditures

-$134M

Previous: -$121M-11.2%
Free Cash Flow

$42.5M

Previous: $211M-79.9%
Net Income

$33M

Previous: $51.5M-35.9%
Operating Income

$29.4M

Previous: $53.5M-45.0%
Gross Profit

$323M

Previous: $340M-5.1%
Cash & Equivalents

$37.5M

Previous: $47.9M-21.7%
Total Assets

$6.66B

Previous: $6.57B+1.4%
Stock-Based Comp

$2M

Previous: $1.6M+25.0%

Revenue & EPS history

ALLETE · Revenue · Quarterly

$355M

Q2 2024-33.5%vs Q2 2023
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 12 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+0.5%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+1.0%

Avg return

30 days after

55%

37 / 67 earnings

Positive

+12.0%

Q3 2022

Best reaction

-6.4%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025-0.0%-0.1%+0.3%
Q2 2025-0.2%+0.0%-3.2%
Q1 2025-0.1%+0.3%-0.5%
Q4 2024-0.0%-0.2%-0.5%
Q3 2024-0.3%-0.2%+1.2%
Q2 2024+0.2%-0.5%-1.4%
Q1 2024+0.7%+0.7%+0.6%
Q4 2023-2.5%-2.5%-0.1%
Q3 2023+3.8%+2.8%+2.9%
Q2 2023+2.3%+3.0%-2.0%
Q1 2023-1.1%-1.1%-8.4%
Q4 2022+5.3%+5.5%+8.9%
Q3 2022+12.0%+14.4%+19.2%
Q2 2022+0.3%-1.6%-2.4%
Q1 2022-2.1%
Q4 2021-0.5%
Q3 2021+2.8%
Q2 2021+1.0%
Q1 2021+2.3%
Q4 2020-2.1%
Q3 2020+8.0%
Q2 2020-2.8%
Q1 2020-6.4%
Q4 2019-0.9%
Q3 2019-3.4%
Q2 2019-2.1%
Q1 2019+2.1%
Q4 2018+2.9%
Q3 2018-0.6%
Q2 2018-0.8%
Q1 2018+3.3%
Q4 2017+1.9%
Q3 2017-0.4%
Q2 2017-0.5%
Q1 2017+1.8%
Q4 2016+1.7%
Q3 2016+1.2%
Q2 2016-2.3%
Q1 2016+2.0%
Q4 2015+1.0%
Q3 2015+2.7%
Q2 2015+2.2%
Q1 2015-0.8%
Q4 2014+1.6%
Q3 2014+0.5%
Q2 2014+0.6%
Q1 2014+1.2%
Q4 2013+3.3%
Q3 2013+0.7%
Q2 2013-0.9%
Q1 2013-0.9%
Q4 2012+0.4%
Q3 2012+0.1%
Q2 2012+0.3%
Q1 2012-1.7%
Q4 2011+1.6%
Q3 2011+1.7%
Q2 2011-6.1%
Q1 2010-0.3%
Q1 2011+1.4%
Q4 2008-0.3%
Q4 2010-0.3%
Q3 2010-1.8%
Q3 2009-1.8%
Q4 2009+0.4%
Q2 2009+0.4%
Q2 2010+0.4%

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