Craft

Allete

Stock Price

$64.1

2024-10-29

Market Capitalization

$3.7 B

2024-10-29

Revenue

$1.5 B

FY, 2024

Allete Summary

Company Summary

Overview
ALLETE is a provider of competitively-priced energy in the upper Midwest, and has a strategic investment in the American Transmission Company. ALLETE's Minnesota Power electric utility serves 144,000 residents, 16 municipalities and some of the nation's largest industrial customers. Other businesses include BNI Coal in North Dakota, ALLETE Clean Energy, a developer of energy projects with limited environmental impact, and ALLETE Properties, which owns 10,000 acres of real estate in northeast Florida.
Type
Public
Status
Active
Founded
1906
HQ
Duluth, MN, US | view all locations
Website
http://allete.com
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Bethany M. Owen

    Bethany M. Owen, Chair

    • George G. Goldfarb

      George G. Goldfarb, Director

      • James J. Hoolihan, Director

        • Madeleine W. Ludlow

          Madeleine W. Ludlow, Director

          LocationsView all

          4 locations detected

          • Duluth, MN HQ

            United States

            30 W Superior St

          • Annapolis, MD

            United States

            2530 Riva Rd #200

          • Bismarck, ND

            United States

            1637 Burnt Boat Dr

          • Salem, OR

            United States

            Salem, OR, USA

          Allete Financials

          Summary Financials

          Revenue (FY, 2024)
          $1.5B
          Gross profit (FY, 2024)
          $1.4B
          Net income (FY, 2024)
          $121.7M
          Cash (FY, 2024)
          $32.8M
          EBIT (FY, 2024)
          $160.1M
          Enterprise value
          $5.5B

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