ALLETE (ALE) Revenue & Revenue Breakdown
ALLETE Revenue Highlights
Latest Revenue (Y)
$1.88B
Latest Revenue (Q)
$354.50M
Main Segment (Y)
Regulated Operations
ALLETE Revenue by Period
ALLETE Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $1.88B | 19.68% |
| 2022-12-31 | $1.57B | 10.68% |
| 2021-12-31 | $1.42B | 21.39% |
| 2020-12-31 | $1.17B | -5.76% |
| 2019-12-31 | $1.24B | -17.22% |
| 2018-12-31 | $1.50B | 5.59% |
| 2017-12-31 | $1.42B | 5.94% |
| 2016-12-31 | $1.34B | -9.87% |
| 2015-12-31 | $1.49B | 30.75% |
| 2014-12-31 | $1.14B | 11.63% |
| 2013-12-31 | $1.02B | 5.95% |
| 2012-12-31 | $961.20M | 3.56% |
| 2011-12-31 | $928.20M | 2.34% |
| 2010-12-31 | $907.00M | 19.48% |
| 2009-12-31 | $759.10M | -5.23% |
| 2008-12-31 | $801.00M | -4.84% |
| 2007-12-31 | $841.70M | 9.72% |
| 2006-12-31 | $767.10M | 4.03% |
| 2005-12-31 | $737.40M | -1.86% |
| 2004-12-31 | $751.40M | -53.58% |
| 2003-12-31 | $1.62B | 7.43% |
| 2002-12-31 | $1.51B | -1.36% |
| 2001-12-31 | $1.53B | 14.70% |
| 2000-12-31 | $1.33B | 17.68% |
| 1999-12-31 | $1.13B | 8.86% |
| 1998-12-31 | $1.04B | 9.03% |
| 1997-12-31 | $953.60M | 12.60% |
| 1996-12-31 | $846.90M | 25.84% |
| 1995-12-31 | $673.00M | 5.52% |
| 1994-12-31 | $637.80M | 26.17% |
| 1993-12-31 | $505.50M | - |
ALLETE generated $1.88B in revenue during NA 2023, up 19.68% compared to the previous quarter, and up 125.44% compared to the same period a year ago.
ALLETE Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $354.50M | -12.10% |
| 2024-03-31 | $403.30M | 0.15% |
| 2023-12-31 | $402.70M | 6.31% |
| 2023-09-30 | $378.80M | -28.98% |
| 2023-06-30 | $533.40M | -5.58% |
| 2023-03-31 | $564.90M | 32.67% |
| 2022-12-31 | $425.80M | 9.66% |
| 2022-09-30 | $388.30M | 4.07% |
| 2022-06-30 | $373.10M | -2.71% |
| 2022-03-31 | $383.50M | -3.88% |
| 2021-12-31 | $399.00M | 15.52% |
| 2021-09-30 | $345.40M | 2.92% |
| 2021-06-30 | $335.60M | -1.06% |
| 2021-03-31 | $339.20M | 5.87% |
| 2020-12-31 | $320.40M | 9.02% |
| 2020-09-30 | $293.90M | 20.85% |
| 2020-06-30 | $243.20M | -21.95% |
| 2020-03-31 | $311.60M | 2.30% |
| 2019-12-31 | $304.60M | 5.65% |
| 2019-09-30 | $288.30M | -0.72% |
| 2019-06-30 | $290.40M | -18.70% |
| 2019-03-31 | $357.20M | -20.32% |
| 2018-12-31 | $448.30M | 28.82% |
| 2018-09-30 | $348.00M | 1.13% |
| 2018-06-30 | $344.10M | -3.94% |
| 2018-03-31 | $358.20M | 6.01% |
| 2017-12-31 | $337.90M | -6.79% |
| 2017-09-30 | $362.50M | 2.60% |
| 2017-06-30 | $353.30M | -3.36% |
| 2017-03-31 | $365.60M | 7.06% |
| 2016-12-31 | $341.50M | -2.32% |
| 2016-09-30 | $349.60M | 11.05% |
| 2016-06-30 | $314.80M | -5.69% |
| 2016-03-31 | $333.80M | -12.30% |
| 2015-12-31 | $380.60M | -17.71% |
| 2015-09-30 | $462.50M | 43.06% |
| 2015-06-30 | $323.30M | 1.03% |
| 2015-03-31 | $320.00M | 10.08% |
| 2014-12-31 | $290.70M | 0.62% |
| 2014-09-30 | $288.90M | 10.82% |
| 2014-06-30 | $260.70M | -12.07% |
| 2014-03-31 | $296.50M | 10.63% |
| 2013-12-31 | $268.00M | 6.77% |
| 2013-09-30 | $251.00M | 6.54% |
| 2013-06-30 | $235.60M | -10.69% |
| 2013-03-31 | $263.80M | 3.05% |
| 2012-12-31 | $256.00M | 2.89% |
| 2012-09-30 | $248.80M | 14.97% |
| 2012-06-30 | $216.40M | -9.83% |
| 2012-03-31 | $240.00M | 0.33% |
| 2011-12-31 | $239.20M | 5.42% |
| 2011-09-30 | $226.90M | 3.18% |
| 2011-06-30 | $219.90M | -9.21% |
| 2011-03-31 | $242.20M | 1.72% |
| 2010-12-31 | $238.10M | 6.25% |
| 2010-09-30 | $224.10M | 6.11% |
| 2010-06-30 | $211.20M | -9.59% |
| 2010-03-31 | $233.60M | 8.15% |
| 2009-12-31 | $216.00M | 20.81% |
| 2009-09-30 | $178.80M | 8.56% |
| 2009-06-30 | $164.70M | -17.48% |
| 2009-03-31 | $199.60M | 1.78% |
| 2008-12-31 | $196.10M | -2.78% |
| 2008-09-30 | $201.70M | 6.27% |
| 2008-06-30 | $189.80M | -11.06% |
| 2008-03-31 | $213.40M | 0.52% |
| 2007-12-31 | $212.30M | - |
ALLETE generated $354.50M in revenue during Q2 2024, up -12.10% compared to the previous quarter, and up 62.75% compared to the same period a year ago.
ALLETE Revenue Breakdown
ALLETE Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Corporate and Other | $223.00M | $193.10M | $104.40M | $102.20M | $105.10M |
| Regulated Operations | $1.24B | $1.26B | $1.23B | $987.30M | $1.04B |
| ALLETE Clean Energy | $418.50M | $118.30M | $86.90M | $79.60M | $59.60M |
| U.S. Water Services | - | - | - | - | $33.40M |
ALLETE's latest annual revenue breakdown by segment (product or service), as of Dec 23: Regulated Operations (65.87%), ALLETE Clean Energy (22.26%), and Corporate and Other (11.86%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ALLETE Clean Energy | $15.70M | $19.10M | $21.70M | $14.20M | $181.10M | $201.50M | $53.30M | $15.60M | $21.20M | $28.20M | $27.50M | $16.90M | $21.60M | $20.90M | $27.10M | $14.80M | $17.60M | $20.10M | $16.30M | $10.40M |
| Regulated Operations | $279.80M | $338.30M | $319.20M | $314.30M | $292.20M | $312.60M | $299.00M | $322.60M | $308.70M | $329.00M | $339.70M | $304.80M | $290.40M | $293.00M | $266.10M | $255.10M | $200.80M | $265.30M | $256.30M | $254.10M |
| Corporate and Other | - | $45.90M | $61.80M | $50.30M | $60.10M | $50.80M | $73.50M | $50.10M | $43.20M | $26.30M | $31.80M | $23.70M | $23.60M | $25.30M | $27.20M | $24.00M | $24.80M | $26.20M | $32.00M | $23.80M |
| U.S. Water Services | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ALLETE's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Regulated Operations (94.69%), and ALLETE Clean Energy (5.31%).
ALLETE Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| CIG | Companhia Energética de Minas Gerais | $36.85B | $9.06B |
| ELP | Companhia Paranaense de Energia - COPEL | $21.48B | $5.42B |
| BIP | Brookfield Infrastructure Partners | $17.93B | $5.19B |
| AES | AES | $12.67B | $2.94B |
| BKH | Black Hills | $2.33B | $402.60M |
| ALE | ALLETE | $1.88B | $354.50M |
| AVA | Avista | $1.75B | $609.42M |
| NWE | NorthWestern | $1.42B | $475.30M |
| OTTR | Otter Tail | $1.35B | $342.34M |
| UTL | Unitil | $557.10M | $95.70M |
| MNTK | Montauk Renewables | $174.90M | $43.34M |
ALE Revenue FAQ
What is ALLETE’s yearly revenue?
ALLETE's yearly revenue for 2023 was $1.88B, representing an increase of 19.68% compared to 2022. The company's yearly revenue for 2022 was $1.57B, representing an increase of 10.68% compared to 2021. ALE's yearly revenue for 2021 was $1.42B, representing an increase of 21.39% compared to 2020.
What is ALLETE’s quarterly revenue?
ALLETE's quarterly revenue for Q2 2024 was $354.5M, a -12.10% decrease from the previous quarter (Q1 2024), and a -33.54% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $403.3M, a 0.15% increase from the previous quarter (Q4 2023), and a -28.61% decrease year-over-year (Q1 2023). ALE's quarterly revenue for Q4 2023 was $402.7M, a 6.31% increase from the previous quarter (Q3 2023), and a -5.43% decrease year-over-year (Q4 2022).
What is ALLETE’s revenue growth rate?
ALLETE's revenue growth rate for the last 3 years (2021-2023) was 32.45%, and for the last 5 years (2019-2023) was 51.54%.
What are ALLETE’s revenue streams?
ALLETE's revenue streams in c 23 are Corporate and Other, Regulated Operations, and ALLETE Clean Energy. Corporate and Other generated $223M in revenue, accounting 11.86% of the company's total revenue, up 15.48% year-over-year. Regulated Operations generated $1.24B in revenue, accounting 65.87% of the company's total revenue, down -1.67% year-over-year. ALLETE Clean Energy generated $418.5M in revenue, accounting 22.26% of the company's total revenue, up 253.76% year-over-year.
What is ALLETE’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of ALLETE was Regulated Operations. This segment made a revenue of $1.24B, representing 65.87% of the company's total revenue.