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ALLETE, Inc

EDGAR

ALE Quarterly report (10-Q) · filed 2025-10-31

Annual consolidated revenue for 2024: about USD 1.53B, using the latest reported figures. The previous period, 2023, was about USD 1.88B.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

375 million USD

2025 Q3 · USD

Exact inputs and evidence

Revenue: 375000000 USD Source

Operating margin

7.89%

2025 Q3 · %

Exact inputs and evidence

Operating Income: 29600000 USD Source
Revenue: 375000000 USD Source

Operating cash flow

103 million USD

2025 Q3 · USD

Exact inputs and evidence

Operating Cash Flow: 253000000 USD Source
Operating Cash Flow: 149600000 USD Source

Free cash flow

-174 million USD

2025 Q3 · USD

Exact inputs and evidence

Operating Cash Flow: 253000000 USD Source
Operating Cash Flow: 149600000 USD Source
Capital Expenditure: 540300000 USD Source
Capital Expenditure: 262700000 USD Source

Cash and cash equivalents: 78.7 million USD 2025-09-30 Source
Exact value

78700000 USD
Long-term debt including current maturities: 2.24 billion USD 2025-09-30 Source
Exact value

2237000000 USD
Shares outstanding: 58.1 million shares 2025-09-30 Source
Exact value

58100000 shares

Reported share-count change

0.52% · 300 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

57800000 shares · 2024-09-30· Source
58100000 shares · 2025-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

1.5 billion USD

2024-10-01 – 2025-09-30

Exact inputs and evidence

Revenue: 364800000 USD · 2024-10-01 – 2024-12-31 Source
Revenue: 400200000 USD · 2025-01-01 – 2025-03-31 Source
Revenue: 360300000 USD · 2025-04-01 – 2025-06-30 Source
Revenue: 375000000 USD · 2025-07-01 – 2025-09-30 Source

Net income

166 million USD

2024-10-01 – 2025-09-30

Exact inputs and evidence

Net income: 50600000 USD · 2024-10-01 – 2024-12-31 Source
Net income: 56100000 USD · 2025-01-01 – 2025-03-31 Source
Net income: 31900000 USD · 2025-04-01 – 2025-06-30 Source
Net income: 27100000 USD · 2025-07-01 – 2025-09-30 Source

Operating cash flow

343 million USD

2024-10-01 – 2025-09-30

Exact inputs and evidence

Operating cash flow: 457100000 USD · 2024-01-01 – 2024-12-31 Source
Operating cash flow: 367300000 USD · 2024-01-01 – 2024-09-30 Source
Operating cash flow: 110200000 USD · 2025-01-01 – 2025-03-31 Source
Operating cash flow: 149600000 USD · 2025-01-01 – 2025-06-30 Source
Operating cash flow: 110200000 USD · 2025-01-01 – 2025-03-31 Source
Operating cash flow: 253000000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 149600000 USD · 2025-01-01 – 2025-06-30 Source

Capital expenditure

665 million USD

2024-10-01 – 2025-09-30

Exact inputs and evidence

Capital expenditure: 354900000 USD · 2024-01-01 – 2024-12-31 Source
Capital expenditure: 230300000 USD · 2024-01-01 – 2024-09-30 Source
Capital expenditure: 154400000 USD · 2025-01-01 – 2025-03-31 Source
Capital expenditure: 262700000 USD · 2025-01-01 – 2025-06-30 Source
Capital expenditure: 154400000 USD · 2025-01-01 – 2025-03-31 Source
Capital expenditure: 540300000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 262700000 USD · 2025-01-01 – 2025-06-30 Source

Free cash flow

-322 million USD

2024-10-01 – 2025-09-30

Exact inputs and evidence

Operating cash flow: 457100000 USD · 2024-01-01 – 2024-12-31 Source
Operating cash flow: 367300000 USD · 2024-01-01 – 2024-09-30 Source
Operating cash flow: 110200000 USD · 2025-01-01 – 2025-03-31 Source
Operating cash flow: 149600000 USD · 2025-01-01 – 2025-06-30 Source
Operating cash flow: 110200000 USD · 2025-01-01 – 2025-03-31 Source
Operating cash flow: 253000000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 149600000 USD · 2025-01-01 – 2025-06-30 Source
Capital expenditure: 354900000 USD · 2024-01-01 – 2024-12-31 Source
Capital expenditure: 230300000 USD · 2024-01-01 – 2024-09-30 Source
Capital expenditure: 154400000 USD · 2025-01-01 – 2025-03-31 Source
Capital expenditure: 262700000 USD · 2025-01-01 – 2025-06-30 Source
Capital expenditure: 154400000 USD · 2025-01-01 – 2025-03-31 Source
Capital expenditure: 540300000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 262700000 USD · 2025-01-01 – 2025-06-30 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2025-10-31.

Financial data available through: 2024-12-31.

Coverage by financial measure

Revenue: 11 of 11 periods available· newest 2024-12-31
Operating income: 11 of 11 periods available· newest 2024-12-31
Net income: 11 of 11 periods available· newest 2024-12-31
Operating cash flow: 11 of 11 periods available· newest 2024-12-31
Capital expenditure: 11 of 11 periods available· newest 2024-12-31
Total assets: 11 of 11 periods available· newest 2024-12-31
Total liabilities: 11 of 11 periods available· newest 2024-12-31
Current assets: 11 of 11 periods available· newest 2024-12-31
Current liabilities: 11 of 11 periods available· newest 2024-12-31
Cash and cash equivalents: 11 of 11 periods available· newest 2024-12-31
Long-term debt including current maturities: 11 of 11 periods available· newest 2024-12-31
Shares outstanding: 11 of 11 periods available· newest 2024-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
-18.6%

Prior period

USD 1.88 billion

2023-01-01 – 2023-12-31
Current period

USD 1.53 billion

2024-01-01 – 2024-12-31

Exact inputs and evidence

1529800000 − 1879800000 = -350000000 USD

1879800000 USD · 2023-01-01 – 2023-12-31
Inspect prior input Prior source
1529800000 USD · 2024-01-01 – 2024-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · ALLETE, Inc · 2024-12-31 ALLETE, Inc (edgar:66756) Year-over-year change in Revenue: -350000000 USD Concept: fundies:Revenue Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 1529800000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#3347444 Filing: 000006675625000013 Input fundies:Revenue: 1879800000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#3398880 Filing: 000006675625000013
The citation records this snapshot. The page link may show a newer release later.
Net income
-27.4%

Prior period

USD 247.1 million

2023-01-01 – 2023-12-31
Current period

USD 179.3 million

2024-01-01 – 2024-12-31

Exact inputs and evidence

179300000 − 247100000 = -67800000 USD

247100000 USD · 2023-01-01 – 2023-12-31
Inspect prior input Prior source
179300000 USD · 2024-01-01 – 2024-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · ALLETE, Inc · 2024-12-31 ALLETE, Inc (edgar:66756) Year-over-year change in Net income: -67800000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 179300000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#3364580 Filing: 000006675625000013 Input fundies:NetIncome: 247100000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#3416149 Filing: 000006675625000013
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-21.9%

Prior period

USD 585.3 million

2023-01-01 – 2023-12-31
Current period

USD 457.1 million

2024-01-01 – 2024-12-31

Exact inputs and evidence

457100000 − 585300000 = -128200000 USD

585300000 USD · 2023-01-01 – 2023-12-31
Inspect prior input Prior source
457100000 USD · 2024-01-01 – 2024-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · ALLETE, Inc · 2024-12-31 ALLETE, Inc (edgar:66756) Year-over-year change in Operating cash flow: -128200000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 457100000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1856925 Filing: 000006675625000013 Input fundies:OperatingCashFlow: 585300000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1857489 Filing: 000006675625000013
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+30.9%

Prior period

USD 271.2 million

2023-01-01 – 2023-12-31
Current period

USD 354.9 million

2024-01-01 – 2024-12-31

Exact inputs and evidence

354900000 − 271200000 = 83700000 USD

271200000 USD · 2023-01-01 – 2023-12-31
Inspect prior input Prior source
354900000 USD · 2024-01-01 – 2024-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · ALLETE, Inc · 2024-12-31 ALLETE, Inc (edgar:66756) Year-over-year change in Capital expenditure: 83700000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 354900000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1867448 Filing: 000006675625000013 Input fundies:CapitalExpenditure: 271200000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1867950 Filing: 000006675625000013
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2024 2024-01-01 – 2024-12-31

Revenue USD 1.53 billion 100% of revenue
Operating costs Derived USD 1.37 billion 90% of revenue
Operating income USD 160.1 million 10% of revenue
Tax, interest and other Derived −USD 19.2 million −1.3% of revenue
Net income USD 179.3 million 12% of revenue

Cash

Operating cash flow USD 457.1 million 30% of revenue
Capital expenditure USD 354.9 million 23% of revenue
Free cash flow Derived USD 102.2 million 6.7% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2015 9.5%86%
2016 12%84%
2017 12%84%
2018 12%87%
2019 Net income was higher than operating income, so the split is not drawn.
2020 Net income was higher than operating income, so the split is not drawn.
2021 Net income was higher than operating income, so the split is not drawn.
2022 Net income was higher than operating income, so the split is not drawn.
2023 Net income was higher than operating income, so the split is not drawn.
2024 Net income was higher than operating income, so the split is not drawn.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2015 2015-01-01 – 2015-12-31	1486400000	1275700000 Derived	210700000	69600000 Derived	141100000	53300000 Derived	Source 2015-01-01 – 2015-12-31: 1486400000 USD Inspect Revenue Open source 2015-01-01 – 2015-12-31: 210700000 USD Inspect Operating Income Open source 2015-01-01 – 2015-12-31: 141100000 USD Inspect Net Income Open source 2015-01-01 – 2015-12-31: 340100000 USD Inspect Operating Cash Flow Open source 2015-01-01 – 2015-12-31: 286800000 USD Inspect Capital Expenditure Open source
2016 2016-01-01 – 2016-12-31	1339700000	1122700000 Derived	217000000	61700000 Derived	155300000	69300000 Derived	Source 2016-01-01 – 2016-12-31: 1339700000 USD Inspect Revenue Open source 2016-01-01 – 2016-12-31: 217000000 USD Inspect Operating Income Open source 2016-01-01 – 2016-12-31: 155300000 USD Inspect Net Income Open source 2016-01-01 – 2016-12-31: 334900000 USD Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 265600000 USD Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	1419300000	1193400000 Derived	225900000	53700000 Derived	172200000	194400000 Derived	Source 2017-01-01 – 2017-12-31: 1419300000 USD Inspect Revenue Open source 2017-01-01 – 2017-12-31: 225900000 USD Inspect Operating Income Open source 2017-01-01 – 2017-12-31: 172200000 USD Inspect Net Income Open source 2017-01-01 – 2017-12-31: 402900000 USD Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 208500000 USD Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	1498600000	1297400000 Derived	201200000	27100000 Derived	174100000	118900000 Derived	Source 2018-01-01 – 2018-12-31: 1498600000 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: 201200000 USD Inspect Operating Income Open source 2018-01-01 – 2018-12-31: 174100000 USD Inspect Net Income Open source 2018-01-01 – 2018-12-31: 431300000 USD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 312400000 USD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	1240500000	1060700000 Derived	179800000	-5800000 Derived	185600000	-350200000 Derived	Source 2019-01-01 – 2019-12-31: 1240500000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: 179800000 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: 185600000 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: 246900000 USD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 597100000 USD Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	1169100000	1030900000 Derived	138200000	-27200000 Derived	165400000	-424900000 Derived	Source 2020-01-01 – 2020-12-31: 1169100000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: 138200000 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: 165400000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: 299800000 USD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 724700000 USD Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	1419200000	1267900000 Derived	151300000	-17900000 Derived	169200000	-216000000 Derived	Source 2021-01-01 – 2021-12-31: 1419200000 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: 151300000 USD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: 169200000 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: 263500000 USD Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 479500000 USD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	1570700000	1436500000 Derived	134200000	-55100000 Derived	189300000	800000 Derived	Source 2022-01-01 – 2022-12-31: 1570700000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: 134200000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: 189300000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: 221300000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 220500000 USD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	1879800000	1698900000 Derived	180900000	-66200000 Derived	247100000	314100000 Derived	Source 2023-01-01 – 2023-12-31: 1879800000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: 180900000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: 247100000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: 585300000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 271200000 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	1529800000	1369700000 Derived	160100000	-19200000 Derived	179300000	102200000 Derived	Source 2024-01-01 – 2024-12-31: 1529800000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: 160100000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 179300000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 457100000 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 354900000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 1.5B 2024

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20152015-12-31	Revenue	1486400000	Revenue: 1486400000 Open source
20162016-12-31	Revenue	1339700000	Revenue: 1339700000 Open source
20172017-12-31	Revenue	1419300000	Revenue: 1419300000 Open source
20182018-12-31	Revenue	1498600000	Revenue: 1498600000 Open source
20192019-12-31	Revenue	1240500000	Revenue: 1240500000 Open source
20202020-12-31	Revenue	1169100000	Revenue: 1169100000 Open source
20212021-12-31	Revenue	1419200000	Revenue: 1419200000 Open source
20222022-12-31	Revenue	1570700000	Revenue: 1570700000 Open source
20232023-12-31	Revenue	1879800000	Revenue: 1879800000 Open source
20242024-12-31	Revenue	1529800000	Revenue: 1529800000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

-18.6% 2024

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20152015-12-31	Year over year	30.8%	Revenue: 1486400000 Open source Revenue: 1136800000 Open source
20162016-12-31	Year over year	-9.9%	Revenue: 1339700000 Open source Revenue: 1486400000 Open source
20172017-12-31	Year over year	5.9%	Revenue: 1419300000 Open source Revenue: 1339700000 Open source
20182018-12-31	Year over year	5.6%	Revenue: 1498600000 Open source Revenue: 1419300000 Open source
20192019-12-31	Year over year	-17.2%	Revenue: 1240500000 Open source Revenue: 1498600000 Open source
20202020-12-31	Year over year	-5.8%	Revenue: 1169100000 Open source Revenue: 1240500000 Open source
20212021-12-31	Year over year	21.4%	Revenue: 1419200000 Open source Revenue: 1169100000 Open source
20222022-12-31	Year over year	10.7%	Revenue: 1570700000 Open source Revenue: 1419200000 Open source
20232023-12-31	Year over year	19.7%	Revenue: 1879800000 Open source Revenue: 1570700000 Open source
20242024-12-31	Year over year	-18.6%	Revenue: 1529800000 Open source Revenue: 1879800000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 10.5% 2024

Net margin 11.7% 2024

Free cash flow margin 6.7% 2024

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20152015-12-31	Operating margin	14.2%	Operating Income: 210700000 Open source Revenue: 1486400000 Open source
20162016-12-31	Operating margin	16.2%	Operating Income: 217000000 Open source Revenue: 1339700000 Open source
20172017-12-31	Operating margin	15.9%	Operating Income: 225900000 Open source Revenue: 1419300000 Open source
20182018-12-31	Operating margin	13.4%	Operating Income: 201200000 Open source Revenue: 1498600000 Open source
20192019-12-31	Operating margin	14.5%	Operating Income: 179800000 Open source Revenue: 1240500000 Open source
20202020-12-31	Operating margin	11.8%	Operating Income: 138200000 Open source Revenue: 1169100000 Open source
20212021-12-31	Operating margin	10.7%	Operating Income: 151300000 Open source Revenue: 1419200000 Open source
20222022-12-31	Operating margin	8.5%	Operating Income: 134200000 Open source Revenue: 1570700000 Open source
20232023-12-31	Operating margin	9.6%	Operating Income: 180900000 Open source Revenue: 1879800000 Open source
20242024-12-31	Operating margin	10.5%	Operating Income: 160100000 Open source Revenue: 1529800000 Open source
20152015-12-31	Net margin	9.5%	Net Income: 141100000 Open source Revenue: 1486400000 Open source
20162016-12-31	Net margin	11.6%	Net Income: 155300000 Open source Revenue: 1339700000 Open source
20172017-12-31	Net margin	12.1%	Net Income: 172200000 Open source Revenue: 1419300000 Open source
20182018-12-31	Net margin	11.6%	Net Income: 174100000 Open source Revenue: 1498600000 Open source
20192019-12-31	Net margin	15%	Net Income: 185600000 Open source Revenue: 1240500000 Open source
20202020-12-31	Net margin	14.1%	Net Income: 165400000 Open source Revenue: 1169100000 Open source
20212021-12-31	Net margin	11.9%	Net Income: 169200000 Open source Revenue: 1419200000 Open source
20222022-12-31	Net margin	12.1%	Net Income: 189300000 Open source Revenue: 1570700000 Open source
20232023-12-31	Net margin	13.1%	Net Income: 247100000 Open source Revenue: 1879800000 Open source
20242024-12-31	Net margin	11.7%	Net Income: 179300000 Open source Revenue: 1529800000 Open source
20152015-12-31	Free cash flow margin	3.6%	Revenue: 1486400000 Open source Operating Cash Flow: 340100000 Open source Capital Expenditure: 286800000 Open source
20162016-12-31	Free cash flow margin	5.2%	Revenue: 1339700000 Open source Operating Cash Flow: 334900000 Open source Capital Expenditure: 265600000 Open source
20172017-12-31	Free cash flow margin	13.7%	Revenue: 1419300000 Open source Operating Cash Flow: 402900000 Open source Capital Expenditure: 208500000 Open source
20182018-12-31	Free cash flow margin	7.9%	Revenue: 1498600000 Open source Operating Cash Flow: 431300000 Open source Capital Expenditure: 312400000 Open source
20192019-12-31	Free cash flow margin	-28.2%	Revenue: 1240500000 Open source Operating Cash Flow: 246900000 Open source Capital Expenditure: 597100000 Open source
20202020-12-31	Free cash flow margin	-36.3%	Revenue: 1169100000 Open source Operating Cash Flow: 299800000 Open source Capital Expenditure: 724700000 Open source
20212021-12-31	Free cash flow margin	-15.2%	Revenue: 1419200000 Open source Operating Cash Flow: 263500000 Open source Capital Expenditure: 479500000 Open source
20222022-12-31	Free cash flow margin	0.1%	Revenue: 1570700000 Open source Operating Cash Flow: 221300000 Open source Capital Expenditure: 220500000 Open source
20232023-12-31	Free cash flow margin	16.7%	Revenue: 1879800000 Open source Operating Cash Flow: 585300000 Open source Capital Expenditure: 271200000 Open source
20242024-12-31	Free cash flow margin	6.7%	Revenue: 1529800000 Open source Operating Cash Flow: 457100000 Open source Capital Expenditure: 354900000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 457.1M 2024

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20152015-12-31	Operating cash flow	340100000	Operating Cash Flow: 340100000 Open source
20162016-12-31	Operating cash flow	334900000	Operating Cash Flow: 334900000 Open source
20172017-12-31	Operating cash flow	402900000	Operating Cash Flow: 402900000 Open source
20182018-12-31	Operating cash flow	431300000	Operating Cash Flow: 431300000 Open source
20192019-12-31	Operating cash flow	246900000	Operating Cash Flow: 246900000 Open source
20202020-12-31	Operating cash flow	299800000	Operating Cash Flow: 299800000 Open source
20212021-12-31	Operating cash flow	263500000	Operating Cash Flow: 263500000 Open source
20222022-12-31	Operating cash flow	221300000	Operating Cash Flow: 221300000 Open source
20232023-12-31	Operating cash flow	585300000	Operating Cash Flow: 585300000 Open source
20242024-12-31	Operating cash flow	457100000	Operating Cash Flow: 457100000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 102.2M 2024

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20152015-12-31	Free cash flow	53300000	Operating Cash Flow: 340100000 Open source Capital Expenditure: 286800000 Open source
20162016-12-31	Free cash flow	69300000	Operating Cash Flow: 334900000 Open source Capital Expenditure: 265600000 Open source
20172017-12-31	Free cash flow	194400000	Operating Cash Flow: 402900000 Open source Capital Expenditure: 208500000 Open source
20182018-12-31	Free cash flow	118900000	Operating Cash Flow: 431300000 Open source Capital Expenditure: 312400000 Open source
20192019-12-31	Free cash flow	-350200000	Operating Cash Flow: 246900000 Open source Capital Expenditure: 597100000 Open source
20202020-12-31	Free cash flow	-424900000	Operating Cash Flow: 299800000 Open source Capital Expenditure: 724700000 Open source
20212021-12-31	Free cash flow	-216000000	Operating Cash Flow: 263500000 Open source Capital Expenditure: 479500000 Open source
20222022-12-31	Free cash flow	800000	Operating Cash Flow: 221300000 Open source Capital Expenditure: 220500000 Open source
20232023-12-31	Free cash flow	314100000	Operating Cash Flow: 585300000 Open source Capital Expenditure: 271200000 Open source
20242024-12-31	Free cash flow	102200000	Operating Cash Flow: 457100000 Open source Capital Expenditure: 354900000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

49.8% 2024

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
20152015-12-31	Liabilities / assets	62.8%	Total Liabilities: 3072100000 Open source Total Assets: 4894500000 Open source
20162016-12-31	Liabilities / assets	61.2%	Total Liabilities: 2983900000 Open source Total Assets: 4876900000 Open source
20172017-12-31	Liabilities / assets	59.3%	Total Liabilities: 3011800000 Open source Total Assets: 5080000000 Open source
20182018-12-31	Liabilities / assets	58.3%	Total Liabilities: 3009200000 Open source Total Assets: 5165000000 Open source
20192019-12-31	Liabilities / assets	57.4%	Total Liabilities: 3147200000 Open source Total Assets: 5482800000 Open source
20202020-12-31	Liabilities / assets	54%	Total Liabilities: 3284400000 Open source Total Assets: 6084600000 Open source
20212021-12-31	Liabilities / assets	54.3%	Total Liabilities: 3484800000 Open source Total Assets: 6422300000 Open source
20222022-12-31	Liabilities / assets	51.1%	Total Liabilities: 3497300000 Open source Total Assets: 6845600000 Open source
20232023-12-31	Liabilities / assets	48.8%	Total Liabilities: 3249300000 Open source Total Assets: 6656400000 Open source
20242024-12-31	Liabilities / assets	49.8%	Total Liabilities: 3363800000 Open source Total Assets: 6754300000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

1.08× 2024

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20152015-12-31	Current assets / current liabilities	1.35×	Current Assets: 371000000 Open source Current Liabilities: 274800000 Open source
20162016-12-31	Current assets / current liabilities	0.74×	Current Assets: 294500000 Open source Current Liabilities: 399500000 Open source
20172017-12-31	Current assets / current liabilities	1.05×	Current Assets: 367500000 Open source Current Liabilities: 351200000 Open source
20182018-12-31	Current assets / current liabilities	0.83×	Current Assets: 334300000 Open source Current Liabilities: 405100000 Open source
20192019-12-31	Current assets / current liabilities	0.53×	Current Assets: 269500000 Open source Current Liabilities: 507400000 Open source
20202020-12-31	Current assets / current liabilities	0.55×	Current Assets: 254900000 Open source Current Liabilities: 459600000 Open source
20212021-12-31	Current assets / current liabilities	0.54×	Current Assets: 291300000 Open source Current Liabilities: 543400000 Open source
20222022-12-31	Current assets / current liabilities	1×	Current Assets: 718000000 Open source Current Liabilities: 716200000 Open source
20232023-12-31	Current assets / current liabilities	1.24×	Current Assets: 468100000 Open source Current Liabilities: 377600000 Open source
20242024-12-31	Current assets / current liabilities	1.08×	Current Assets: 435200000 Open source Current Liabilities: 404200000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2015 2015-01-01 – 2015-12-31	USD 141.1 million Exact value Exact value: 141100000 USD 2015-01-01 – 2015-12-31: 141100000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ALLETE, Inc · 2015-12-31 ALLETE, Inc (edgar:66756) Net Income: 141100000 USD Concept: fundies:NetIncome Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ANetIncome&period=2015-12-31&surface=latest&period_type=duration&start=2015-01-01&unit=USD&dimensions= Input fundies:NetIncome: 141100000 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675618000029/ale-20171231.xml#949024 Filing: 000006675618000029 The citation records this snapshot. The page link may show a newer release later.	USD 340.1 million Exact value Exact value: 340100000 USD 2015-01-01 – 2015-12-31: 340100000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ALLETE, Inc · 2015-12-31 ALLETE, Inc (edgar:66756) Operating Cash Flow: 340100000 USD Concept: fundies:OperatingCashFlow Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3AOperatingCashFlow&period=2015-12-31&surface=latest&period_type=duration&start=2015-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 340100000 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675618000029/ale-20171231.xml#947776 Filing: 000006675618000029 The citation records this snapshot. The page link may show a newer release later.	USD 286.8 million Exact value Exact value: 286800000 USD 2015-01-01 – 2015-12-31: 286800000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ALLETE, Inc · 2015-12-31 ALLETE, Inc (edgar:66756) Capital Expenditure: 286800000 USD Concept: fundies:CapitalExpenditure Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ACapitalExpenditure&period=2015-12-31&surface=latest&period_type=duration&start=2015-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 286800000 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675618000029/ale-20171231.xml#1007647 Filing: 000006675618000029 The citation records this snapshot. The page link may show a newer release later.	USD 53.3 million Calculation and evidence 340100000 − 286800000 USD Exact free cash flow: 53300000 USD 2015-01-01 – 2015-12-31: 340100000 USD · Inspect Operating Cash Flow · Source 2015-01-01 – 2015-12-31: 286800000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ALLETE, Inc · 2015-12-31 ALLETE, Inc (edgar:66756) Free cash flow: 53300000 USD Concept: free-cash-flow Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 340100000 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675618000029/ale-20171231.xml#947776 Filing: 000006675618000029 Input fundies:CapitalExpenditure: 286800000 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675618000029/ale-20171231.xml#1007647 Filing: 000006675618000029 The citation records this snapshot. The page link may show a newer release later.
2016 2016-01-01 – 2016-12-31	USD 155.3 million Exact value Exact value: 155300000 USD 2016-01-01 – 2016-12-31: 155300000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ALLETE, Inc · 2016-12-31 ALLETE, Inc (edgar:66756) Net Income: 155300000 USD Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:NetIncome: 155300000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675619000023/ale-20181231.xml#999377 Filing: 000006675619000023 The citation records this snapshot. The page link may show a newer release later.	USD 334.9 million Exact value Exact value: 334900000 USD 2016-01-01 – 2016-12-31: 334900000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ALLETE, Inc · 2016-12-31 ALLETE, Inc (edgar:66756) Operating Cash Flow: 334900000 USD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 334900000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675619000023/ale-20181231.xml#998129 Filing: 000006675619000023 The citation records this snapshot. The page link may show a newer release later.	USD 265.6 million Exact value Exact value: 265600000 USD 2016-01-01 – 2016-12-31: 265600000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ALLETE, Inc · 2016-12-31 ALLETE, Inc (edgar:66756) Capital Expenditure: 265600000 USD Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 265600000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675619000023/ale-20181231.xml#1047821 Filing: 000006675619000023 The citation records this snapshot. The page link may show a newer release later.	USD 69.3 million Calculation and evidence 334900000 − 265600000 USD Exact free cash flow: 69300000 USD 2016-01-01 – 2016-12-31: 334900000 USD · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 265600000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ALLETE, Inc · 2016-12-31 ALLETE, Inc (edgar:66756) Free cash flow: 69300000 USD Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 334900000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675619000023/ale-20181231.xml#998129 Filing: 000006675619000023 Input fundies:CapitalExpenditure: 265600000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675619000023/ale-20181231.xml#1047821 Filing: 000006675619000023 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	USD 172.2 million Exact value Exact value: 172200000 USD 2017-01-01 – 2017-12-31: 172200000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ALLETE, Inc · 2017-12-31 ALLETE, Inc (edgar:66756) Net Income: 172200000 USD Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:NetIncome: 172200000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675620000016/ale12312019-10k.htm#4574347 Filing: 000006675620000016 The citation records this snapshot. The page link may show a newer release later.	USD 402.9 million Exact value Exact value: 402900000 USD 2017-01-01 – 2017-12-31: 402900000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ALLETE, Inc · 2017-12-31 ALLETE, Inc (edgar:66756) Operating Cash Flow: 402900000 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 402900000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675620000016/ale12312019-10k.htm#2427307 Filing: 000006675620000016 The citation records this snapshot. The page link may show a newer release later.	USD 208.5 million Exact value Exact value: 208500000 USD 2017-01-01 – 2017-12-31: 208500000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ALLETE, Inc · 2017-12-31 ALLETE, Inc (edgar:66756) Capital Expenditure: 208500000 USD Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 208500000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675620000016/ale12312019-10k.htm#2442336 Filing: 000006675620000016 The citation records this snapshot. The page link may show a newer release later.	USD 194.4 million Calculation and evidence 402900000 − 208500000 USD Exact free cash flow: 194400000 USD 2017-01-01 – 2017-12-31: 402900000 USD · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 208500000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ALLETE, Inc · 2017-12-31 ALLETE, Inc (edgar:66756) Free cash flow: 194400000 USD Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 402900000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675620000016/ale12312019-10k.htm#2427307 Filing: 000006675620000016 Input fundies:CapitalExpenditure: 208500000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675620000016/ale12312019-10k.htm#2442336 Filing: 000006675620000016 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	USD 174.1 million Exact value Exact value: 174100000 USD 2018-01-01 – 2018-12-31: 174100000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ALLETE, Inc · 2018-12-31 ALLETE, Inc (edgar:66756) Net Income: 174100000 USD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:NetIncome: 174100000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675621000025/ale-20201231.htm#4144683 Filing: 000006675621000025 The citation records this snapshot. The page link may show a newer release later.	USD 431.3 million Exact value Exact value: 431300000 USD 2018-01-01 – 2018-12-31: 431300000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ALLETE, Inc · 2018-12-31 ALLETE, Inc (edgar:66756) Operating Cash Flow: 431300000 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 431300000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675621000025/ale-20201231.htm#2114029 Filing: 000006675621000025 The citation records this snapshot. The page link may show a newer release later.	USD 312.4 million Exact value Exact value: 312400000 USD 2018-01-01 – 2018-12-31: 312400000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ALLETE, Inc · 2018-12-31 ALLETE, Inc (edgar:66756) Capital Expenditure: 312400000 USD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 312400000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675621000025/ale-20201231.htm#2130276 Filing: 000006675621000025 The citation records this snapshot. The page link may show a newer release later.	USD 118.9 million Calculation and evidence 431300000 − 312400000 USD Exact free cash flow: 118900000 USD 2018-01-01 – 2018-12-31: 431300000 USD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 312400000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ALLETE, Inc · 2018-12-31 ALLETE, Inc (edgar:66756) Free cash flow: 118900000 USD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 431300000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675621000025/ale-20201231.htm#2114029 Filing: 000006675621000025 Input fundies:CapitalExpenditure: 312400000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675621000025/ale-20201231.htm#2130276 Filing: 000006675621000025 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	USD 185.6 million Exact value Exact value: 185600000 USD 2019-01-01 – 2019-12-31: 185600000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ALLETE, Inc · 2019-12-31 ALLETE, Inc (edgar:66756) Net Income: 185600000 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: 185600000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675622000014/ale-20211231.htm#4161983 Filing: 000006675622000014 The citation records this snapshot. The page link may show a newer release later.	USD 246.9 million Exact value Exact value: 246900000 USD 2019-01-01 – 2019-12-31: 246900000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ALLETE, Inc · 2019-12-31 ALLETE, Inc (edgar:66756) Operating Cash Flow: 246900000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 246900000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675622000014/ale-20211231.htm#2106629 Filing: 000006675622000014 The citation records this snapshot. The page link may show a newer release later.	USD 597.1 million Exact value Exact value: 597100000 USD 2019-01-01 – 2019-12-31: 597100000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ALLETE, Inc · 2019-12-31 ALLETE, Inc (edgar:66756) Capital Expenditure: 597100000 USD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 597100000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675622000014/ale-20211231.htm#2122977 Filing: 000006675622000014 The citation records this snapshot. The page link may show a newer release later.	−USD 350.2 million Calculation and evidence 246900000 − 597100000 USD Exact free cash flow: -350200000 USD 2019-01-01 – 2019-12-31: 246900000 USD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 597100000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ALLETE, Inc · 2019-12-31 ALLETE, Inc (edgar:66756) Free cash flow: -350200000 USD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 246900000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675622000014/ale-20211231.htm#2106629 Filing: 000006675622000014 Input fundies:CapitalExpenditure: 597100000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675622000014/ale-20211231.htm#2122977 Filing: 000006675622000014 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	USD 165.4 million Exact value Exact value: 165400000 USD 2020-01-01 – 2020-12-31: 165400000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ALLETE, Inc · 2020-12-31 ALLETE, Inc (edgar:66756) Net Income: 165400000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: 165400000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675623000005/ale-20221231.htm#4263480 Filing: 000006675623000005 The citation records this snapshot. The page link may show a newer release later.	USD 299.8 million Exact value Exact value: 299800000 USD 2020-01-01 – 2020-12-31: 299800000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ALLETE, Inc · 2020-12-31 ALLETE, Inc (edgar:66756) Operating Cash Flow: 299800000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 299800000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675623000005/ale-20221231.htm#2139191 Filing: 000006675623000005 The citation records this snapshot. The page link may show a newer release later.	USD 724.7 million Exact value Exact value: 724700000 USD 2020-01-01 – 2020-12-31: 724700000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ALLETE, Inc · 2020-12-31 ALLETE, Inc (edgar:66756) Capital Expenditure: 724700000 USD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 724700000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675623000005/ale-20221231.htm#2155483 Filing: 000006675623000005 The citation records this snapshot. The page link may show a newer release later.	−USD 424.9 million Calculation and evidence 299800000 − 724700000 USD Exact free cash flow: -424900000 USD 2020-01-01 – 2020-12-31: 299800000 USD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 724700000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ALLETE, Inc · 2020-12-31 ALLETE, Inc (edgar:66756) Free cash flow: -424900000 USD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 299800000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675623000005/ale-20221231.htm#2139191 Filing: 000006675623000005 Input fundies:CapitalExpenditure: 724700000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675623000005/ale-20221231.htm#2155483 Filing: 000006675623000005 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	USD 169.2 million Exact value Exact value: 169200000 USD 2021-01-01 – 2021-12-31: 169200000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ALLETE, Inc · 2021-12-31 ALLETE, Inc (edgar:66756) Net Income: 169200000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: 169200000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675624000007/ale-20231231.htm#3271777 Filing: 000006675624000007 The citation records this snapshot. The page link may show a newer release later.	USD 263.5 million Exact value Exact value: 263500000 USD 2021-01-01 – 2021-12-31: 263500000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ALLETE, Inc · 2021-12-31 ALLETE, Inc (edgar:66756) Operating Cash Flow: 263500000 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 263500000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675624000007/ale-20231231.htm#1808674 Filing: 000006675624000007 The citation records this snapshot. The page link may show a newer release later.	USD 479.5 million Exact value Exact value: 479500000 USD 2021-01-01 – 2021-12-31: 479500000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ALLETE, Inc · 2021-12-31 ALLETE, Inc (edgar:66756) Capital Expenditure: 479500000 USD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 479500000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675624000007/ale-20231231.htm#1819108 Filing: 000006675624000007 The citation records this snapshot. The page link may show a newer release later.	−USD 216 million Calculation and evidence 263500000 − 479500000 USD Exact free cash flow: -216000000 USD 2021-01-01 – 2021-12-31: 263500000 USD · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 479500000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ALLETE, Inc · 2021-12-31 ALLETE, Inc (edgar:66756) Free cash flow: -216000000 USD Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 263500000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675624000007/ale-20231231.htm#1808674 Filing: 000006675624000007 Input fundies:CapitalExpenditure: 479500000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675624000007/ale-20231231.htm#1819108 Filing: 000006675624000007 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	USD 189.3 million Exact value Exact value: 189300000 USD 2022-01-01 – 2022-12-31: 189300000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ALLETE, Inc · 2022-12-31 ALLETE, Inc (edgar:66756) Net Income: 189300000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: 189300000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#3468525 Filing: 000006675625000013 The citation records this snapshot. The page link may show a newer release later.	USD 221.3 million Exact value Exact value: 221300000 USD 2022-01-01 – 2022-12-31: 221300000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ALLETE, Inc · 2022-12-31 ALLETE, Inc (edgar:66756) Operating Cash Flow: 221300000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 221300000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1858053 Filing: 000006675625000013 The citation records this snapshot. The page link may show a newer release later.	USD 220.5 million Exact value Exact value: 220500000 USD 2022-01-01 – 2022-12-31: 220500000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ALLETE, Inc · 2022-12-31 ALLETE, Inc (edgar:66756) Capital Expenditure: 220500000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 220500000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1868452 Filing: 000006675625000013 The citation records this snapshot. The page link may show a newer release later.	USD 800,000 Calculation and evidence 221300000 − 220500000 USD Exact free cash flow: 800000 USD 2022-01-01 – 2022-12-31: 221300000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 220500000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ALLETE, Inc · 2022-12-31 ALLETE, Inc (edgar:66756) Free cash flow: 800000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 221300000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1858053 Filing: 000006675625000013 Input fundies:CapitalExpenditure: 220500000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1868452 Filing: 000006675625000013 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	USD 247.1 million Exact value Exact value: 247100000 USD 2023-01-01 – 2023-12-31: 247100000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ALLETE, Inc · 2023-12-31 ALLETE, Inc (edgar:66756) Net Income: 247100000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: 247100000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#3416149 Filing: 000006675625000013 The citation records this snapshot. The page link may show a newer release later.	USD 585.3 million Exact value Exact value: 585300000 USD 2023-01-01 – 2023-12-31: 585300000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ALLETE, Inc · 2023-12-31 ALLETE, Inc (edgar:66756) Operating Cash Flow: 585300000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 585300000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1857489 Filing: 000006675625000013 The citation records this snapshot. The page link may show a newer release later.	USD 271.2 million Exact value Exact value: 271200000 USD 2023-01-01 – 2023-12-31: 271200000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ALLETE, Inc · 2023-12-31 ALLETE, Inc (edgar:66756) Capital Expenditure: 271200000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 271200000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1867950 Filing: 000006675625000013 The citation records this snapshot. The page link may show a newer release later.	USD 314.1 million Calculation and evidence 585300000 − 271200000 USD Exact free cash flow: 314100000 USD 2023-01-01 – 2023-12-31: 585300000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 271200000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ALLETE, Inc · 2023-12-31 ALLETE, Inc (edgar:66756) Free cash flow: 314100000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 585300000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1857489 Filing: 000006675625000013 Input fundies:CapitalExpenditure: 271200000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1867950 Filing: 000006675625000013 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	USD 179.3 million Exact value Exact value: 179300000 USD 2024-01-01 – 2024-12-31: 179300000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ALLETE, Inc · 2024-12-31 ALLETE, Inc (edgar:66756) Net Income: 179300000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: 179300000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#3364580 Filing: 000006675625000013 The citation records this snapshot. The page link may show a newer release later.	USD 457.1 million Exact value Exact value: 457100000 USD 2024-01-01 – 2024-12-31: 457100000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ALLETE, Inc · 2024-12-31 ALLETE, Inc (edgar:66756) Operating Cash Flow: 457100000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 457100000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1856925 Filing: 000006675625000013 The citation records this snapshot. The page link may show a newer release later.	USD 354.9 million Exact value Exact value: 354900000 USD 2024-01-01 – 2024-12-31: 354900000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ALLETE, Inc · 2024-12-31 ALLETE, Inc (edgar:66756) Capital Expenditure: 354900000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 354900000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1867448 Filing: 000006675625000013 The citation records this snapshot. The page link may show a newer release later.	USD 102.2 million Calculation and evidence 457100000 − 354900000 USD Exact free cash flow: 102200000 USD 2024-01-01 – 2024-12-31: 457100000 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 354900000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ALLETE, Inc · 2024-12-31 ALLETE, Inc (edgar:66756) Free cash flow: 102200000 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/66756?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 457100000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1856925 Filing: 000006675625000013 Input fundies:CapitalExpenditure: 354900000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/66756/000006675625000013/ale-20241231.htm#1867448 Filing: 000006675625000013 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

266 filings · 11,255 latest values · 11,255 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0000066756, 66756, ALE, edgar:66756

Also known as ALLETE, ALLETE INC, ALLETE, Inc, ALLETE, Inc., MINNESOTA POWER & LIGHT CO, MINNESOTA POWER INC

ALLETE, Inc

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Reported share-count change

Trailing twelve months

Revenue

Net income

Operating cash flow

Capital expenditure

Free cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2024 2024-01-01 – 2024-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation