ALLETE, Inc. Reports 2022 Earnings of $3.38 Per Share; Initiates 2023 Earnings Guidance Range of $3.55 to $3.85 Per Share
Reported results from 2021 were $3.23 per share on net income of $169.2 million and operating revenue of $1.4 billion.
- Reported results from 2021 were $3.23 per share on net income of $169.2 million and operating revenue of $1.4 billion.
- Higher earnings in 2022 reflect the implementation of interim rates on January 1, 2022, net of interim rate reserves.
- Details of the Company’s 2023 earnings guidance were filed as part of today’s Form 8-K filing.
- Live Webcast on February 16, 2023; financial slides posted on company website
ALLETE’s earnings conference call will be at 10:00 a.m. (EST), February 16, 2023, at which time management will discuss 2022 financial results and 2023 earnings guidance.