NYSE$ALE

ALLETE Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

ALE Q3 2024 — $15.1M revenue, 28.00 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 Q3 2024 results. Diluted EPS came in at $28.00. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $15.1M.
  • Diluted EPS: $28.00.
  • Operating income: $45.3.

Headline financials

Total Revenue

$407M

Previous: $379M+7.5%
EPS

$0.78

Previous: $1.49-47.7%
Capital Expenditures

-$230M

Previous: -$184M-25.1%
Free Cash Flow

$137M

Previous: $336M-59.2%
Net Income

$45M

Previous: $85.9M-47.6%
Operating Income

$45.3M

Previous: $36M+25.8%
Gross Profit

$360M

Previous: $346M+4.2%
Cash & Equivalents

$102M

Previous: $126M-18.8%
Total Assets

$6.74B

Previous: $6.64B+1.4%
Stock-Based Comp

$1.8M

Previous: $1.9M-5.3%

Revenue & EPS history

ALLETE · Revenue · Quarterly

$407M

Q3 2024+7.5%vs Q3 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 Q3 2024

Historical avgQ3 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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