ALLETE(US:ALE) Businesswire·2025-10-31 10:30Core Insights - ALLETE, Inc. reported third quarter 2025 earnings of 46 cents per share, down from 78 cents per share in the same quarter last year [1] - The net income for the third quarter of 2025 was $27.1 million, a decrease from $45.0 million in the previous year [1] - The decline in net income is attributed to lower sales to industrial customers, inflationary pressures at Minnesota Power, and reduced sales of renewable projects [1] Financial Performance - Third quarter earnings per share decreased by 41% year-over-year, from 78 cents to 46 cents [1] - Net income fell by 40% year-over-year, from $45.0 million to $27.1 million [1] Business Challenges - The company faced lower sales to industrial customers, which negatively impacted revenue [1] - Inflationary pressures at Minnesota Power contributed to the decline in profitability [1] - There was a decrease in sales of renewable projects within the clean energy sector [1]