ALLETE INC

ALE

ALLETE INC

ALE

Insider Sentiment (TTM):

Last Purchase:-Last Sale:2021-08-19Shares Purchased (TTM):0Shares Sold (TTM):0

Institutional Sentiment:

As of:2025-12-31Institutional Shares Owned:232,691Shares Outstanding:58,100,000Institutional Ownership Pct.:0.40%

Earnings Market Reaction:

Filing Date:2025-10-31Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Companies in Electric & Other Services Combined

DUK EXC XEL ED PEG PCG

ALLETE INC (ALE) — SEC Financial Statements & Analysis

ALLETE INC (ALE) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	79	55	92	33	102	38	32	72	126	48	30	36
Accounts Receivable Net Current	-	-	-	-	137	133	142	-	120	123	120	-
Accounts And Other Receivables Net Current	146	130	143	148	-	-	-	137	-	-	-	138
Inventory Net	185	178	171	155	167	184	183	175	180	194	347	456
Other Assets Current	75	90	72	100	78	77	76	84	78	81	73	88
Assets Current	485	453	478	435	483	432	433	468	503	446	570	718
Property Plant And Equipment Net	5,529	5,324	5,256	5,182	5,113	5,080	5,009	5,013	4,997	4,974	4,979	5,004
Regulatory Assets Noncurrent	360	363	365	372	386	395	409	425	443	455	469	441
Equity Method Investments	358	351	344	340	338	336	333	331	330	328	324	323
Intangible Assets Net Including Goodwill	155	155	155	155	155	155	155	155	156	156	156	156
Other Assets Noncurrent	266	268	269	271	262	264	265	263	216	210	207	204
Assets	7,153	6,913	6,866	6,754	6,737	6,661	6,605	6,656	6,645	6,568	6,705	6,846
Liabilities And Stockhold…
Liabilities
Liabilities Current
Accounts Payable Current	117	124	106	114	111	94	84	102	112	89	85	103
Taxes Payable Current	57	43	65	55	60	47	63	51	64	50	81	69
Interest Payable Current	26	25	19	23	19	22	16	21	16	21	15	21
Long Term Debt Current	138	64	94	95	42	42	17	111	111	107	176	273
Other Liabilities Current	75	82	97	118	103	93	80	92	111	113	107	251
Liabilities Current	413	338	381	404	334	298	261	378	414	380	464	716
Long Term Debt Noncurrent	2,099	1,932	1,833	1,705	1,744	1,746	1,772	1,680	1,686	1,686	1,756	1,648
Deferred Income Taxes And Other Tax Liabilities No…	-	-	-	-	256	216	195	-	171	154	156	-
Deferred Income Tax Liabilities Net	292	279	270	253	-	-	-	193	-	-	-	158
Regulatory Liability Noncurrent	594	587	581	571	562	561	564	574	549	538	526	526
Pension And Other Postretirement Defined Benefit P…	100	99	99	118	135	135	135	161	164	174	174	180
Other Liabilities Noncurrent	312	311	315	313	314	311	268	264	264	268	270	269
Liabilities	3,809	3,546	3,478	3,364	3,345	3,266	3,196	3,249	3,248	3,199	3,347	3,497
Temporary Equity Carrying Amount Including Portion…	1	1	1	0	1	1	1	1	-	-	-	0
Stockholders Equity Inclu…
Stockholders Equity
Common Stock Value	1,839	1,834	1,827	1,823	1,819	1,814	1,807	1,804	1,797	1,792	1,786	1,782
Accumulated Other Comprehensive Income Loss Net Of…	-18	-18	-18	-18	-21	-21	-21	-21	-25	-24	-24	-24
Retained Earnings Accumulated Deficit	1,031	1,046	1,057	1,043	1,033	1,029	1,037	1,026	1,014	967	954	935
Stockholders Equity	3,343	2,862	2,866	3,390	3,392	3,395	2,823	2,810	2,787	3,369	3,358	3,348
Minority Interest	491	504	522	542	561	573	586	597	610	634	642	656
Liabilities And Stockholders Equity	7,153	6,913	6,866	6,754	6,737	6,661	6,605	6,656	6,645	6,568	6,705	6,846
Accounts Receivable Net C…
Common Stock No Par Value	-	-	-	-	-	-	-	-	-	0	0	0
Allowance For Doubtful Accounts Receivable Current	2	2	2	2	2	2	2	2	2	2	2	2
Common Stock Number Of Sh…
Common Stock Shares Authorized	80	80	80	80	80	80	80	80	80	80	80	80
Common Stock Shares Issued	58	58	58	58	58	58	58	58	58	57	57	57
Shares Outstanding	58	58	58	58	58	58	58	58	58	57	57	57

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10‑Q10‑K

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2025	0.43%	-1.36%	1.71%	-1.10%	2.17%	3.88%	0.36%	-	-	-	-	-
2024	1.48%	0.19%	3.74%	-0.07%	0.79%	1.63%	2.56%	1.88%	3.82%	0.17%	0.12%	0.48%
2023	-2.60%	-5.88%	-5.59%	-2.87%	-7.08%	-7.45%	-0.74%	10.60%	5.37%	1.13%	1.13%	9.57%
2022	-	-	-	-	-	-	16.40%	13.94%	7.76%	0.60%	9.32%	4.40%
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Performance and Valuation Metrics

Metrics	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31
Liquidity Ratios
Current Ratio	1.17	1.34	1.26	1.08	1.45	1.45	1.66	1.24	1.22	1.17	1.23	1.00
Quick Ratio	0.73	0.81	0.81	0.69	0.95	0.83	0.96	0.78	0.78	0.66	0.48	0.37
Working Capital	71.80M	115.00M	97.30M	31.00M	149.00M	134.60M	172.40M	90.50M	89.70M	65.90M	105.30M	1.80M
Leverage & Debt
Debt to Equity	1.14	1.24	1.21	0.99	0.99	0.96	1.13	0.95	1.17	0.95	1.00	1.04
Interest Coverage TTM	1.52	1.80	2.00	1.96	2.05	1.93	2.20	2.24	2.12	2.15	1.69	1.78
Debt Ratio	0.53	0.51	0.51	0.50	0.50	0.49	0.48	0.49	0.49	0.49	0.50	0.51
Efficiency & Turnover
Asset Turnover TTM	0.22	0.23	0.23	0.23	0.23	0.23	0.26	0.28	0.28	0.29	0.26	0.24
Days Sales Outstanding TTM	-	-	-	-	29.85	30.38	27.88	-	23.03	22.85	24.86	-
Receivables Turnover TTM	-	-	-	-	12.23	12.02	13.09	-	15.85	15.98	14.68	-
Per Share Metrics
Diluted EPS TTM	1.29	1.60	2.06	2.11	3.34	3.78	3.92	4.30	4.12	3.50	3.16	3.38
Free Cash Flow Per Share TTM	-5.54	-0.92	1.01	1.77	1.99	2.52	5.06	5.48	7.13	5.41	1.50	0.01
Dividend Per Share TTM	2.89	2.86	2.84	2.82	2.79	2.76	2.73	2.71	2.68	2.65	2.62	2.61
Margin Metrics
Gross Profit Margin TTM	93.25%	92.03%	91.50%	91.55%	91.07%	91.81%	83.27%	74.81%	72.54%	72.39%	78.52%	88.36%
Operating Profit Margin TTM	9.24%	10.08%	10.86%	10.47%	10.53%	10.12%	10.47%	9.62%	9.01%	8.83%	7.37%	8.54%
Net Profit Margin TTM	5.01%	6.07%	7.82%	7.96%	12.35%	14.18%	13.15%	13.15%	12.45%	10.52%	10.34%	12.05%
Growth Metrics
Net Revenue Growth (1Y)	-4.30%	-0.44%	-11.15%	-18.62%	-17.62%	-19.51%	-1.93%	19.68%	23.25%	27.41%	19.72%	10.68%
Net Income Growth (1Y)	-61.21%	-57.38%	-47.14%	-50.75%	-18.31%	8.50%	24.67%	30.53%	29.72%	13.87%	-1.36%	11.88%
EPS Growth (1Y)	-61.41%	-57.60%	-47.42%	-51.09%	-18.88%	7.75%	24.02%	27.34%	29.04%	11.49%	-8.25%	4.87%
Calculated Values
Free Cash Flow TTM	-322.10M	-53.40M	58.50M	102.20M	115.20M	145.50M	291.20M	314.10M	409.00M	310.10M	85.70M	800.00K
Net Debt	2.16B	1.94B	1.83B	1.74B	1.67B	1.74B	1.75B	1.71B	1.67B	1.74B	1.89B	1.88B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2021-08-19Sale

Owner: Jimmerson, Heidi E

Title: -

Shares: 3,253

Price/Share: $69.50

Value: $226,083.50

Shares Owned: 23,006

Relationship: Director

Ownership: Direct

2020-03-16Sale

Owner: Hodnik, Alan R

Title: Executive Chairman

Shares: 6,000

Price/Share: $58.00

Value: $348,000.00

Shares Owned: 52,868

Relationship: Director,Officer

Ownership: Direct

2020-02-21Sale

Owner: Hodnik, Alan R

Title: Executive Chairman

Shares: 6,000

Price/Share: $80.39

Value: $482,340.00

Shares Owned: 58,408

Relationship: Director,Officer

Ownership: Direct

2020-02-20Sale

Owner: Adams, Robert John

Title: Sr VP & CFO

Shares: 5,419

Price/Share: $79.80

Value: $432,436.20

Shares Owned: 5,139

Relationship: Officer

Ownership: Direct

2019-11-21Sale

Owner: Ludlow, Madeleine W

Title: -

Shares: 1,200

Price/Share: $79.45

Value: $95,340.00

Shares Owned: 10,517

Relationship: Director

Ownership: Indirect

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2021-08-19	Jimmerson, Heidi E	Director	-	Direct	Sale	3,253	69.50	$226,083.50	23,006	4
2020-03-16	Hodnik, Alan R	Director,Officer	Executive Chairman	Direct	Sale	6,000	58.00	$348,000.00	52,868	4
2020-02-21	Hodnik, Alan R	Director,Officer	Executive Chairman	Direct	Sale	6,000	80.39	$482,340.00	58,408	4
2020-02-20	Adams, Robert John	Officer	Sr VP & CFO	Direct	Sale	5,419	79.80	$432,436.20	5,139	4/A
2019-11-21	Ludlow, Madeleine W	Director	-	Indirect	Sale	1,200	79.45	$95,340.00	10,517	4
2019-11-15	Hodnik, Alan R	Director,Officer	Chairman & CEO	Direct	Sale	6,000	80.31	$481,860.00	55,675	4
2019-09-12	Hodnik, Alan R	Director,Officer	Chairman & CEO	Direct	Sale	6,000	86.98	$521,880.00	61,675	4
2019-08-07	Hodnik, Alan R	Director,Officer	Chairman & CEO	Direct	Sale	6,000	85.09	$510,540.00	67,377	4
2019-06-12	Hodnik, Alan R	Director,Officer	Chairman & CEO	Direct	Sale	4,000	84.74	$338,960.00	73,377	4
2019-05-21	Hodnik, Alan R	Director,Officer	Chairman & CEO	Direct	Sale	4,000	82.24	$328,960.00	76,854	4
2019-05-21	Dindo, Kathryn W	Director	-	Direct	Sale	735	82.03	$60,292.05	15,146	4
2019-05-17	Adams, Robert John	Officer	Sr VP & CFO	Direct	Sale	2,885	82.45	$237,868.25	8,509	4
2019-05-07	Ludlow, Madeleine W	Director	-	Indirect	Sale	2,000	82.52	$165,040.00	10,734	4
2019-02-21	Hodnik, Alan R	Director,Officer	Chairman, President & CEO	Direct	Sale	4,000	80.59	$322,360.00	80,453	4
2018-12-12	Hodnik, Alan R	Director,Officer	Chairman, President & CEO	Direct	Sale	4,000	81.05	$324,200.00	64,100	4
2018-09-13	Hodnik, Alan R	Director,Officer	Chairman, President & CEO	Direct	Sale	4,000	75.70	$302,800.00	67,684	4
2018-08-27	Hoolihan, James J	Director	-	Direct	Sale	800	76.49	$61,192.00	13,632	4
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Institutional Ownership

No data available for chart

2025-12-31

0.40%

Inst. Shares: 232,691

Shares Outstanding: 58,100,000

2025-09-30

71.40%

Inst. Shares: 41,485,920

Shares Outstanding: 58,100,000

2025-06-30

73.76%

Inst. Shares: 42,782,117

Shares Outstanding: 58,000,000

2025-03-31

70.96%

Inst. Shares: 41,088,115

Shares Outstanding: 57,900,000

2024-12-31

69.84%

Inst. Shares: 40,297,952

Shares Outstanding: 57,700,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2025-12-31	232,691	58,100,000	0.40%
2025-09-30	41,485,920	58,100,000	71.40%
2025-06-30	42,782,117	58,000,000	73.76%
2025-03-31	41,088,115	57,900,000	70.96%
2024-12-31	40,297,952	57,700,000	69.84%
2024-09-30	39,845,664	57,800,000	68.94%
2024-06-30	41,096,334	57,700,000	71.22%
2024-03-31	42,057,660	57,600,000	73.02%
2023-12-31	41,878,808	57,300,000	73.09%
2023-09-30	41,997,337	57,400,000	73.17%
2023-06-30	41,570,681	57,300,000	72.55%
2023-03-31	40,612,672	57,300,000	70.88%
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ALLETE INC (ALE) — SEC Financial Statements & Analysis

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