Minnesota-based ALLETE Inc., the renewable energy company with wind farm operations in southern Oklahoma plans to release its quarterly financial results next month.
The company announced its release of 2021 results will be made before the stock markets open on Wednesday, Feb. 16, 2022.
Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, Senior Vice President and Chief Financial Officer Robert J. Adams, and Vice President and Chief Accounting Officer Steven W. Morris will present an overview of results and discuss 2022 earnings guidance and other factors affecting performance during a conference call beginning at 10 a.m. Eastern time.
ALLETE has two major wind farm operations in Oklahoma. A year ago, the company acquired the 303-Megawatt Caddo wind farm in western Oklahoma. The firm has renewable energy sale agreements with Oshkosh Corp.
The other project is the Diamond Spring wind farm near Ardmore which became operational in late 2020.
ALLETE’s third quarter earnings were 53 cents a share on net income of $27.6 million, down from 78 cents and $40.7 million a year earlier.
ALLETE Clean Energy recorded a third quarter 2021 net loss of $800,000 compared to net income of $1.1 million in 2020. Net income in 2021 reflects lower wind resources and availability.
