Allete, inc. reports third quarter 2024 earnings

Duluth, minn.--(business wire)--allete, inc. (nyse: ale) today reported third quarter 2024 earnings of 78 cents per share on net income of $45.0 million. last year's third quarter results were $1.49 per share on net income of $85.9 million. net income for the same quarter in 2023 included approximately 71 cents per share for the favorable arbitration ruling involving a subsidiary of allete clean energy. net income for the third quarter this year included approximately 7 cents per share of trans.
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