Allete, inc. reports second quarter earnings of 67 cents per share, reaffirms 2022 earnings guidance range of $3.60 - $3.90 per share

Duluth, minn.--(business wire)--allete, inc. (nyse: ale) today reported second quarter 2022 earnings of 67 cents per share on net income of $37.6 million. last year's results were 53 cents per share on net income of $27.9 million. included in this year's quarterly results were transaction fees of $1.6 million after-tax, or 3 cents per share, and purchase price accounting impacts of $4 million after-tax, or 7 cents per share, related to the acquisition of new energy equity llc. “we are pleased w
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