Otter Tail (OTTR) Company Report

Otter Tail Corporation reported diluted earnings per share of $1.86 for the third quarter of 2025, which, despite an 8% decrease from the prior year, outpaced expectations.
The company increased the midpoint of its 2025 earnings guidance to $6.47 per share, with a new range of $6.32-$6.62, driven by better-than-expected plastics segment financial results.
The targeted long-term earnings per share growth rate was raised to 7%-9% (from 6%-8%) off a 2028 base year, resulting in a targeted total shareholder return of 10%-12%.
Otter Tail Power's updated five-year capital spending plan now totals $1.9 billion, expected to produce a 10% rate base compounded annual growth rate, and will be funded without external equity through at least 2030.
The company filed a Minnesota rate case for a net revenue increase of $44.8 million and expects $5.7 million in annual interim rates from its South Dakota rate case to commence on December 1, 2025.

Nov 4, 2025, 4:00 PM

Otter Tail Corporation Announces Q3 2025 Results and Updates 2025 EPS Guidance

OTTR

Earnings

Guidance Update

New Projects/Investments

Otter Tail Corporation reported diluted EPS of $1.86 for Q3 2025 and $5.32 year-to-date 2025.
The company increased its 2025 EPS guidance midpoint to $6.47 from $6.26, with the Plastics segment's EPS guidance midpoint increasing by approximately $0.20 and the Electric segment's year-over-year EPS growth increasing to 8% from 7%.
As of September 30, 2025, the trailing twelve months Return on Equity (ROE) was 16%. The company also updated its rate base growth CAGR to 10% from 9% and increased its long-term EPS growth rate target to 7-9% from 6-8% (2028 base year).
Key regulatory updates include proposed interim rates for Minnesota, expected to go into effect January 2026, and for South Dakota, expected to go into effect December 1, 2025.
The company projects significant capital expenditures totaling $2,047 million from 2026 to 2030, with $1,918 million allocated to the Electric segment.

Nov 4, 2025, 4:00 PM

Otter Tail Corporation Reports Q3 2025 Earnings, Raises 2025 Guidance, and Increases Long-Term EPS Growth Target

OTTR

Earnings

Guidance Update

New Projects/Investments

Otter Tail Corporation reported diluted earnings per share of $1.86 for Q3 2025, which outpaced expectations despite an 8% decrease from the prior year.
The company increased its 2025 diluted earnings per share guidance to a range of $6.32-$6.62, with the midpoint rising to $6.47 from $6.26, primarily driven by better-than-expected plastics segment financial results.
Otter Tail Power's updated five-year capital spending plan now totals $1.9 billion, projected to achieve a 10% rate base compounded annual growth rate.
The targeted long-term earnings per share growth rate was increased to 7% to 9% (from 6% to 8%) off a 2028 base year, with a targeted total shareholder return of 10% to 12%.
The plastics segment's earnings decreased by $0.26 per share due to a 17% decline in average PVC pipe sales prices, partially offset by lower input costs and a 4% increase in sales volumes.

Nov 4, 2025, 4:00 PM

Otter Tail Corporation Reports Q3 2025 Earnings and Raises Full-Year Guidance

OTTR

Earnings

Guidance Update

New Projects/Investments

Otter Tail Corporation reported $1.86 of diluted earnings per share for Q3 2025, an 8% decrease from the prior year, but exceeding the company's expectations.
The company increased the midpoint of its 2025 diluted earnings per share guidance to $6.47 (from $6.26), with a new range of $6.32-$6.62, primarily due to better-than-expected plastics segment financial results in Q3 and revised margin expectations.
Otter Tail Power's updated five-year capital investment plan totals $1.9 billion, expected to produce a rate base compounded annual growth rate of 10%.
The targeted long-term earnings per share growth rate was increased to 7% to 9% (from 6% to 8%) off a 2028 base year, resulting in a targeted total shareholder return of 10% to 12%.
The plastics segment's earnings decreased $0.26 per share due to a 17% decline in PVC pipe sales prices, partially offset by a 4% increase in sales volumes and 16% lower input material costs; normalized earnings for this segment are expected in 2028.

Nov 4, 2025, 4:00 PM

Otter Tail Corporation Announces Q3 2025 Earnings and Increased Guidance

OTTR

Earnings

Guidance Update

Dividends

Otter Tail Corporation reported diluted earnings per share of $1.86 for the third quarter of 2025.
The company increased its 2025 diluted earnings per share guidance to a range of $6.32 to $6.62, up from the previous range of $6.06 to $6.46, primarily due to strong Plastics segment performance.
Otter Tail Corporation uplifted its long-term financial targets, increasing the electric utility’s five-year rate base compounded annual growth rate to 10% from 9%, and raising the long-term earnings per share growth rate target to 7% to 9%.
A quarterly common stock dividend of $0.525 per share was declared, payable December 10, 2025.

Nov 4, 2025, 2:23 PM

Otter Tail Reports Mixed Q3 2025 Results, Raises Full-Year EPS Guidance

OTTR

Earnings

Guidance Update

New Projects/Investments

Otter Tail Corporation reported diluted earnings per share (EPS) of $1.86 for the third quarter of 2025, with revenue declining 3.7% to $325.6 million compared to the previous year.
Despite the Q3 revenue shortfall, the company raised its 2025 EPS guidance midpoint to $6.47, reflecting confidence in its strategic initiatives and targeting a 7% to 9% EPS growth rate.
The Electric segment's operating revenues increased by 6.3%, while the Manufacturing segment's net income surged 80.1% to $3.9 million despite a 3.7% decline in operating revenues.
Otter Tail proposed interim rate increases totaling $31.8 million (a 12.6% increase) expected to go into effect in January 2026, and issued $100 million in long-term debt to support capital expenditures.
The company maintains a strong financial position with a trailing twelve months return on equity (ROE) of 16%, $705.3 million in available liquidity as of September 30, 2025, and expects no external equity needs through 2030.