Allete, inc. reports second quarter earnings of 90 cents per share; reaffirms 2023 earnings guidance range of $3.55 to $3.85 per share

Duluth, minn.--(business wire)--allete, inc. (nyse: ale) today reported second quarter 2023 earnings of 90 cents per share on net income of $51.5 million. last year's second quarter results were 67 cents per share on net income of $37.6 million. included in this year's results were earnings from another strong quarter of financial results at new energy, which was acquired in april 2022. “we are very pleased with this quarter's solid results,” said allete chair, president, and chief executive of.
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