ALLETE is well-positioned as a reliable 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. Would you like to work for a company with Boundless Opportunities? Then your future may be at ALLETE! We have career opportunities at various locations throughout northern, eastern and central Minnesota, Western Wisconsin, and North Dakota.

Company Growth (employees)
Duluth, US
Size (employees)
1,963 (est)
Allete was founded in 1906 and is headquartered in Duluth, US

Allete Office Locations

Allete has offices in Duluth, Bismarck, Saint Michael and Salem
Duluth, US (HQ)
30 W Superior St
Saint Michael, US
12270 43rd St NE
Bismarck, US
1637 Burnt Boat Dr

Allete Data and Metrics

Allete Financial Metrics

Allete's revenue was reported to be $365.6 m in Q1, 2017

Revenue (Q1, 2017)

365.6 m

Gross profit (Q1, 2017)

330.4 m

Gross profit margin (Q1, 2017), %


Net income (Q1, 2017)

49 m

EBIT (Q1, 2017)

72.6 m

Market capitalization (22-Sep-2017)

3.9 b

Cash (31-Mar-2017)

81.8 m
Allete's current market capitalization is $3.9 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016


1 b1.1 b1.5 b1.3 b

Revenue growth, %


Cost of goods sold

71.2 m77.9 m302.3 m144.7 m

Gross profit

947.2 m1.1 b1.2 b1.2 b
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017


260.7 m288.9 m320 m323.3 m462.5 m333.8 m314.8 m349.6 m365.6 m

Cost of goods sold

31.2 m52.3 m149.8 m33.3 m33.4 m46.4 m35.2 m

Gross profit

288.8 m271 m312.7 m300.5 m281.4 m303.2 m330.4 m

Gross profit Margin, %

USDFY, 2013FY, 2014FY, 2015FY, 2016


97.3 m145.8 m97 m27.5 m

Accounts Receivable

96.3 m103 m121.2 m122.5 m


59.3 m80.5 m117.1 m

Current Assets

307 m418.8 m371 m294.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017


83.6 m150.5 m72.1 m60.6 m103 m97 m91.9 m107.2 m81.8 m

Accounts Receivable

78.9 m82.4 m111.8 m103.9 m110.7 m124.8 m113.6 m108.1 m122.8 m


75.3 m71.6 m102.7 m107.8 m119.1 m116 m110.4 m107.4 m

Current Assets

293.5 m357.8 m390 m330.6 m403.3 m379.3 m354.3 m361.6 m360.6 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

104.7 m125.5 m141.5 m155.8 m

Depreciation and Amortization

116.6 m135.7 m165.9 m190.6 m

Accounts Receivable

(8.6 m)(3.5 m)1.1 m(4.7 m)


10.5 m(18 m)(22 m)13.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

50.7 m92.3 m40.1 m62.4 m122.7 m46.4 m71.2 m111.5 m49 m

Depreciation and Amortization

66 m99.5 m38.4 m78.7 m120.7 m46.8 m94.2 m141.8 m49.2 m

Accounts Receivable

21 m16.9 m7.8 m17.3 m11.6 m(4.2 m)6.5 m10.6 m100 k


(12.9 m)(9.2 m)(8.8 m)(13.4 m)(24.1 m)1.1 m6.7 m9.7 m(6.3 m)
USDY, 2017


186.2 k

Financial Leverage

2.5 x
Show all financial metrics

Allete Market Value History

Traffic Overview of Allete

Allete Online and Social Media Presence

Allete Company Life and Culture

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