ALLETE Inc
NYSE:ALE
ALLETE Inc
Total Other Income
ALLETE Inc
Total Other Income Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Total Other Income | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
ALLETE Inc
NYSE:ALE
|
Total Other Income
$18.9m
|
CAGR 3-Years
44%
|
CAGR 5-Years
0%
|
CAGR 10-Years
9%
|
|
|
Southern Co
NYSE:SO
|
Total Other Income
$765m
|
CAGR 3-Years
6%
|
CAGR 5-Years
15%
|
CAGR 10-Years
15%
|
|
|
Duke Energy Corp
NYSE:DUK
|
Total Other Income
$365m
|
CAGR 3-Years
-7%
|
CAGR 5-Years
7%
|
CAGR 10-Years
0%
|
|
|
Nextera Energy Inc
NYSE:NEE
|
Total Other Income
$769m
|
CAGR 3-Years
13%
|
CAGR 5-Years
19%
|
CAGR 10-Years
13%
|
|
|
American Electric Power Company Inc
NASDAQ:AEP
|
Total Other Income
$191.1m
|
CAGR 3-Years
6%
|
CAGR 5-Years
5%
|
CAGR 10-Years
19%
|
|
|
Constellation Energy Corp
NASDAQ:CEG
|
Total Other Income
$670m
|
CAGR 3-Years
-6%
|
CAGR 5-Years
-8%
|
CAGR 10-Years
N/A
|
|
ALLETE Inc
Glance View
ALLETE Inc., a company rooted in the cold, industrious landscapes of Minnesota, is a prominent player in the energy sector, with its tendrils reaching into adjacent markets as well. Primarily, ALLETE provides electricity in the Upper Midwest through its Minnesota Power unit. Over the years, it has harnessed the abundant natural resources of the region to generate power, pivoting decisively to incorporate renewable sources like wind and hydroelectric power. This strategic shift not only aligns with global environmental trends but also taps into an array of government incentives aimed at reducing carbon footprints. By effectively balancing its traditional coal-fired plants with these renewable sources, ALLETE has positioned itself as a responsible energy provider, staying ahead amid growing environmental concerns and regulatory pressures. Simultaneously, ALLETE's portfolio extends beyond just selling electricity. Its infrastructure and related services segment, led by ALLETE Clean Energy and U.S. Water Services, is designed to facilitate growth opportunities. ALLETE Clean Energy markets its wind-generated power across the United States, while U.S. Water Services offers integrated water management solutions to industries, reducing consumption and improving efficiency. Each subsidiary operates synergistically, driving growth while expanding ALLETE’s revenue streams. By capitalizing on emerging trends, not just in energy but in adjacent resource management sectors, ALLETE is sculpting its narrative as an adaptable and future-oriented company. Through this diversified approach, it pursues sustained returns for its stakeholders while contributing to a cleaner and more resource-efficient future.
See Also
What is ALLETE Inc's Total Other Income?
Total Other Income
18.9m
USD
Based on the financial report for Dec 31, 2024, ALLETE Inc's Total Other Income amounts to 18.9m USD.
What is ALLETE Inc's Total Other Income growth rate?
Total Other Income CAGR 10Y
9%
Over the last year, the Total Other Income growth was 17%. The average annual Total Other Income growth rates for ALLETE Inc have been 44% over the past three years , and 9% over the past ten years .
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