Allete, inc. reports first quarter 2025 earnings

Duluth, minn.--(business wire)--allete, inc. (nyse: ale) today reported first quarter 2025 earnings of 97 cents per share on net income of $56.1 million. last year's first quarter results were 88 cents per share on net income of $50.7 million. net income in 2025 includes transaction expenses of $2.1 million after-tax, or 4 cents per share, related to the announced merger. net income in the first quarter of 2024 included transaction expenses of $1.2 million after-tax, or 2 cents per share. “our.
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