ALLETE (ALE) Revenue & Revenue Breakdown

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ALLETE Revenue Highlights

Latest Revenue (Y)

$1.88B

Latest Revenue (Q)

$407.20M

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
2024-09-30	$407.20M	14.87%
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 $407.20M in revenue during Q3 2024, up 14.87% compared to the previous quarter, and up 76.34% 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	Sep 24	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
ALLETE Clean Energy	$34.10M	$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
Regulated Operations	$310.50M	$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
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
U.S. Water Services	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

ALLETE's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Regulated Operations (90.10%), and ALLETE Clean Energy (9.90%).

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	$21.48B	$5.42B
BIP	Brookfield Infrastructure Finance ULC	$17.93B	$5.19B
AES	AES	$12.67B	$3.29B
BKH	Black Hills	$2.33B	$402.60M
ALE	ALLETE	$1.88B	$407.20M
AVA	Avista	$1.75B	$402.07M
NWE	NorthWestern	$1.42B	$345.16M
OTTR	Otter Tail	$1.35B	$338.03M
UTL	Unitil	$557.10M	$92.90M
MNTK	Montauk Renewables	$174.90M	$65.92M

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 Q3 2024 was $407.2M, a 14.87% increase from the previous quarter (Q2 2024), and a 7.50% increase year-over-year (Q3 2023). The company'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). ALE'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).

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.