ALLETE, Inc. (ALE) Q3 2023 Earnings Call Transcript

Nov. 04, 2023 10:34 PM ETALLETE, Inc. (ALE) StockALE
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Q3: 2023-11-02 Earnings Summary

EPS of $1.49 beats by $0.84
 | Revenue of $378.80M (-2.45% Y/Y) misses by $18.45M

ALLETE, Inc. (NYSE:ALE) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET

Company Participants

Bethany Owen - Chair, President and CEO
Steve Morris - Senior Vice President and Chief Financial Officer
Jeff Scissons - Corporate Development and Clean Energy Strategy Officer
Frank Frederickson - Minnesota Power’s Vice President, Customer Experience and Engineering Services

Conference Call Participants

Richard Sunderland - JPMorgan
Alex Mortimer - Mizuho Securities
Brian Russo - Sidoti
Tanner James - Bank of America

Operator

Good day. And welcome to the ALLETE Third Quarter of 2023 Financial Results Call. Today’s call is being recorded.

Certain statements contained in this conference call that are not descriptions of historical facts are forward-looking statements, such as terms defined in the Private Securities Litigation Reform Act of 1995.

Because such statements can include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the company with the Securities and Exchange Commission.

Many of these factors that will determine the company’s future results are beyond the ability of management to control or predict. Listeners should not put undue reliance on forward-looking statements, which reflect management’s reviews only as of the date hereof.

The company undertakes no obligation to revise or update any forward-looking statements or to make any other forward-looking statements, whether as a result of new information, future events, or otherwise.

Welcome to ALLETE’s conference call announcing third quarter 2023 financial results. And at this time, all participants are in a listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions]

As a reminder, this call is being recorded. I would now like

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