Tate Sullivan

Christopher Ellinghaus

Sophie Karp

- 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.  **[1466593_2639406e465a408e9127bdeb2e8a8357]** 
- 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**.  **[1466593_2639406e465a408e9127bdeb2e8a8357]** 
- 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.  **[1466593_2639406e465a408e9127bdeb2e8a8357]** 
- 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.  **[1466593_2639406e465a408e9127bdeb2e8a8357]** 
- 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**.  **[1466593_2639406e465a408e9127bdeb2e8a8357]**

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

- 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.  **[0001466593_2231832_1]** **[0001466593_2231832_3]** 
- 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.  **[0001466593_2231832_1]** **[0001466593_2231832_4]** 
- 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%**.  **[0001466593_2231832_1]** **[0001466593_2231832_5]** 
- 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%**.  **[0001466593_2231832_1]** **[0001466593_2231832_5]** 
- 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**.  **[0001466593_2231832_4]** **[0001466593_2231832_5]**

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

- Otter Tail Corporation reported **diluted EPS of $1.86** for Q3 2025 and **$5.32** year-to-date 2025.  **[0001466593_2231053:4]** 
- 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%.  **[0001466593_2231053:4]** 
- As of September 30, 2025, the **trailing twelve months Return on Equity (ROE) was 16%**.  **[0001466593_2231053:4]** **[0001466593_2231053:9]**  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).  **[0001466593_2231053:4]** 
- 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.  **[0001466593_2231053:5]** 
- The company projects significant capital expenditures totaling **$2,047 million** from 2026 to 2030, with **$1,918 million** allocated to the Electric segment.  **[0001466593_2231053:9]**

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

- Otter Tail Corporation reported **diluted earnings per share of $1.86** for the third quarter of 2025.  **[1466593_0001466593-25-000119_q32025earningsreleaseex991.htm:0]** 
- 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.  **[1466593_0001466593-25-000119_q32025earningsreleaseex991.htm:0]** **[1466593_0001466593-25-000119_q32025earningsreleaseex991.htm:2]** 
- 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%**.  **[1466593_0001466593-25-000119_q32025earningsreleaseex991.htm:0]** 
- A quarterly common stock dividend of **$0.525 per share** was declared, payable December 10, 2025.  **[1466593_0001466593-25-000119_q32025earningsreleaseex991.htm:0]**

Otter Tail (OTTR)