Here are the 10-Q quarterly reports from ALLETE, Inc. (ALE) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ALE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ALE filings page.
ALLETE (ALE) reported softer Q3 2025 results. Total operating revenue was $375.0 million, down from $407.2 million a year ago, as non-utility sales declined. Operating income fell to $29.6 million from $45.3 million. Net income attributable to ALLETE was $27.1 million with diluted EPS of $0.46, versus $0.78 in Q3 2024. For the nine months, revenue was $1,135.5 million (vs. $1,165.0 million) and diluted EPS was $1.98 (vs. $2.23).
Liquidity and leverage shifted as the company funded large capital needs. Cash and cash equivalents were $78.7 million at September 30, 2025. Total debt was $2,247.5 million (vs. $1,808.0 million at year-end 2024) after issuing $150 million of senior unsecured notes and $250 million of first mortgage bonds to refinance debt and fund utility capital expenditures. Operating cash flow was $253.0 million for the nine months (vs. $367.3 million), while additions to property, plant and equipment reached $540.3 million. Shares outstanding were 58,098,399 as of September 30, 2025. Subsequent to quarter-end, the MPUC voted in favor of approval of the Merger, with a written order expected.