ALLETE, Inc. (NYSE:ALE) Q3 2022 Earnings Conference Call November 9, 2022 10:00 AM ET

Company Participants

Bethany Owen - Chair, President & CEO

Steven Morris - SVP & CFO

Jeffrey Scissons - Chief Financial & Strategy Officer, ALLETE Clean Energy

Conference Call Participants

Brian Russo - Sidoti

Christopher Ellinghaus - Siebert Williams Shank & Co.

Julien Dumoulin-Smith - Bank of America

Richard Sunderland - JPMorgan

Operator

Good day, and welcome to the ALLETE Third Quarter Financial Results Call. Today's call is being recorded.

Certain statements contained in this conference call 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 the 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 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 2022 financial results. Later in the call, we will have a Q&A session and instructions will follow at that time. As a reminder, this call is being recorded.

I would now like to hand the call over to Bethany Owen, Chair, President and CEO. You may begin.

Bethany Owen

Thanks, operator, and good morning, everyone, and thanks for joining us. With me are ALLETE's Senior Vice President and Chief Financial Officer, Steve Morris; as well as Frank Frederickson, Minnesota Power's Vice President of Customer Experience and Engineering Services; and Jeff Scissons, ALLETE Clean Energy's Chief Financial and Strategy Officer. Corresponding slides for this morning's call can be found on our website at allete.com in the Investors section. To follow along, we'll call out each slide number as we go through today's presentation.

This morning, ALLETE reported third quarter 2022 earnings of $0.59 per share. These results were in line with our expectations and support our view that our full year results will be near the midpoint of our $3.60 to $3.90 per share guidance range provided earlier this year. Steve will be sharing more details from the quarter and comments on 2022 guidance in a moment.