ALLETE, Inc. ALE delivered third-quarter 2019 adjusted earnings of 60 cents, which lagged the Zacks Consensus Estimate of 67 cents by 10.4%. The bottom line improved 7.1% from prior-year quarter’s level.RevenuesTotal revenues in the quarter under review amounted to $288.3 million, which missed the Zacks Consensus Estimate of $331 million by 12.9%. The top line also declined 17.1% from $348 million recorded in the prior-year quarter.Allete, Inc. Price, Consensus and EPS Surprise Allete, Inc. price-consensus-eps-surprise-chart | Allete, Inc. QuoteHighlights of the ReleaseALLETE’s Energy Infrastructure and Related Services business reported a net loss of $1.2 million in the third quarter.ALLETE’s total electricity sales volume in the third quarter slipped nearly 7.3% year over year to 3,315 million kilowatt-hours due to decline in sales volume across all customer categories, except industrial customers.The company’s total operating expenses amounted to $251.3 million, down 17.5% from $304.7 million in the year-ago quarter.Operating income in the quarter under review was $37 million, down 14.5% from $43.3 million in the prior-year quarter.Interest expenses contracted 8.5% to $16.1 million in the reported quarter.Financial UpdateALLETE’s cash and cash equivalents as of Sep 30, 2019, totaled $100.3 million compared with $69.1 million as of Dec 31, 2018.Long-term debt as of Sep 30 was $1,404.9 million, down from $1,428.5 million as of Dec 31, 2018.GuidanceALLETE now expects 2019 earnings per share at the low end of the guidance of $3.50 to $3.80 provided earlier.Post 2019, the company predicts earnings growth over the next few years to be majorly driven by increasing clean energy investments at both regulated and non-regulated operations.Zacks RankALLETE currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.Other Utility ReleasesDTE Energy Company DTE reported third-quarter 2019 earnings of $1.91 per share, which missed the Zacks Consensus Estimate of $2 by 4.5%.NorthWestern Corporation NWE reported third-quarter 2019 earnings of 50 cents per share, which lagged the Zacks Consensus Estimate of 63 cents by 20.6%. Public Service Enterprise Group PEG reported third-quarter 2019 earnings of 98 cents per share, which surpassed the Zacks Consensus Estimate of 95 cents by 3.16%.Just Released: Zacks’ 7 Best Stocks for TodayExperts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.These 7 were selected because of their superior potential for immediate breakout.See these time-sensitive tickers now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Public Service Enterprise Group Incorporated (PEG): Free Stock Analysis Report NorthWestern Corporation (NWE): Free Stock Analysis Report DTE Energy Company (DTE): Free Stock Analysis Report Allete, Inc. (ALE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research