Company research
Otter Tail Corp
CIK 1466593Updated Sep 27, 2026
SecurityOTTR · NASDAQ · equity
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Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
144 filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Entry into a Material Definitive Agreement
Items 1.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 3,964,279,000Source | 3,652,082,000Source | 3,242,568,000Source | 2,901,661,000Source |
| Property, Plant and Equipment, NetUSD | 171,431,000Source | 178,676,000Source | 2,418,375,000Source | 2,212,717,000Source |
| GoodwillUSD | 37,572,000Source | 37,572,000Source | 37,572,000Source | 37,572,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 4,642,000Source | 5,743,000Source | 6,843,000Source | 7,943,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 386,193,000Source | 294,651,000Source | 230,373,000Source | 118,996,000Source |
| Accounts Receivable | — | — | — | — |
| Inventory, NetUSD | 158,598,000Source | 148,885,000Source | 149,701,000Source | 145,952,000Source |
| Assets, CurrentUSD | 799,725,000Source | 630,041,000Source | 570,170,000Source | 452,752,000Source |
| Operating Lease, Right-of-Use AssetUSD | 26,612,000Source | 28,179,000Source | 16,788,000Source | 18,610,000Source |
| Other Assets, NoncurrentUSD | 80,770,000Source | 66,416,000Source | 51,377,000Source | 41,177,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 209,528,000Source | 209,140,000Source | 208,553,000Source | 208,156,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,217,567,000Source | 1,029,738,000Source | 806,342,000Source | 585,212,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 470,000Source | 532,000Source | 1,148,000Source | 915,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,861,760,000Source | 1,668,499,000Source | 1,443,006,000Source | 1,217,317,000Source |
| Additional Paid in Capital, Common StockUSD | 434,195,000Source | 429,089,000Source | 426,963,000Source | 423,034,000Source |
| Liabilities and EquityUSD | 3,964,279,000Source | 3,652,082,000Source | 3,242,568,000Source | 2,901,661,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 350,958,000Source | 309,790,000Source | 309,757,000Source | 237,636,000Source |
| Operating Lease, Liability, CurrentUSD | 5,042,000Source | 4,776,000Source | 5,756,000Source | 5,071,000Source |
| Accounts Payable, CurrentUSD | 93,606,000Source | 113,574,000Source | 94,428,000Source | 104,400,000Source |
| Operating Lease, Liability, NoncurrentUSD | 21,849,000Source | 23,567,000Source | 11,258,000Source | 13,876,000Source |
| Deferred Income Tax Liabilities, NetUSD | 305,931,000Source | 267,745,000Source | 237,273,000Source | 221,302,000Source |
| Other Liabilities, NoncurrentUSD | 106,156,000Source | 98,397,000Source | 75,977,000Source | 60,985,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 305,931,000Source | 267,745,000Source | 237,273,000Source | 221,302,000Source |
| Long-term DebtUSD | 963,566,000Source | 943,734,000Source | 824,059,000Source | — |
| Long-term Debt, Current MaturitiesUSD | 79,951,000Source | — | 0Source | 0Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | 824,059,000Source | 823,821,000Source |
| Short-term InvestmentsUSD | 54,311,000Source | — | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 118,107,000Source | 107,121,000Source | 97,954,000Source | 92,597,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 9,119,000Source | 9,529,000Source | 7,753,000Source | 6,814,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | 4,751,000Source | -3,691,000Source | 2,450,000Source | -5,339,000Source |
| Increase (Decrease) in Accounts PayableUSD | -24,120,000Source | 14,826,000Source | -9,988,000Source | -29,763,000Source |
| Deferred Income Tax Expense (Benefit)USD | 33,187,000Source | 23,057,000Source | 13,508,000Source | 32,424,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 385,985,000Source | 452,731,000Source | 404,499,000Source | 389,309,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -290,724,000Source | -411,374,000Source | -289,287,000Source | -175,071,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 3,134,000Source | 6,457,000Source | 3,088,000Source | 2,942,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -3,719,000Source | 22,921,000Source | -3,835,000Source | -96,779,000Source |
| Dividends paid | — | — | — | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -3,148,000Source | -549,000Source | -904,000Source | -2,123,000Source |
| Repayments of Long-term DebtUSD | — | 0Source | 0Source | 30,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 91,542,000Source | 64,278,000Source | 111,377,000Source | 117,459,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 386,193,000Source | 294,651,000Source | 230,373,000Source | 118,996,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 45,701,000Source | 39,484,000Source | 36,956,000Source | 35,699,000Source |
| Income Taxes Paid, NetUSD | 11,093,000Source | 57,614,000Source | 46,284,000Source | 43,411,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,100,000Source | 1,100,000Source | 1,100,000Source | 1,100,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 1,916,000Source | 1,676,000Source | 1,191,000Source | 991,000Source |
| Capitalized Computer Software, AmortizationUSD | 4,300,000Source | 3,000,000Source | 1,300,000Source | — |
| DepreciationUSD | 116,000,000Source | 99,400,000Source | 90,800,000Source | 84,400,000Source |
| Gain (Loss) on InvestmentsUSD | 6,701,000Source | 5,482,000Source | 7,222,000Source | — |
| GoodwillUSD | 37,572,000Source | 37,572,000Source | 37,572,000Source | 37,572,000Source |
| Income Tax Expense (Benefit)USD | 46,384,000Source | 65,230,000Source | 69,298,000Source | 73,351,000Source |
| InterestExpenseNonoperatingUSD | 47,226,000Source | 41,815,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 275,893,000Source | 301,662,000Source | 294,191,000Source | 284,184,000Source |
| Other Nonoperating Income (Expense)USD | 20,487,000Source | 18,848,000Source | 12,650,000Source | 2,037,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | 0Source | 0Source |
| Proceeds from Issuance of Long-term DebtUSD | 100,000,000Source | 120,000,000Source | 0Source | 90,000,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 1,349,166,000Source | 1,460,209,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 1,304,058,000Source | 1,330,548,000Source | — | — |
| Selling, General and Administrative ExpenseUSD | 82,566,000Source | 80,065,000Source | 72,663,000Source | — |
| Operating Income (Loss)USD | 345,682,000Source | 380,250,000Source | 377,919,000Source | 390,439,000Source |
| Other Nonoperating Income (Expense)USD | 20,487,000Source | 18,848,000Source | 12,650,000Source | 2,037,000Source |
| Income Tax Expense (Benefit)USD | 46,384,000Source | 65,230,000Source | 69,298,000Source | 73,351,000Source |
| Net Income (Loss) Attributable to ParentUSD | 275,893,000Source | 301,662,000Source | 294,191,000Source | 284,184,000Source |
| Earnings Per Share, BasicUSD per share | 6.59Source | 7.22Source | 7.06Source | 6.83Source |
| Earnings Per Share, DilutedUSD per share | 6.55Source | 7.17Source | 7Source | 6.78Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 41,864,000Source | 41,778,000Source | 41,668,000Source | 41,586,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 42,117,000Source | 42,072,000Source | 42,039,000Source | 41,931,000Source |
| Interest Expense (non-operating)USD | 47,226,000Source | 41,815,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,100,000Source | 1,100,000Source | 1,100,000Source | 1,100,000Source |
| Capitalized Computer Software, AmortizationUSD | 4,300,000Source | 3,000,000Source | 1,300,000Source | — |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 2.1Source | 1.87Source | 1.75Source | 1.65Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | 402,664,000Source | 434,522,000Source | 454,122,000Source | 542,944,000Source |
| Costs and ExpensesUSD | 958,376,000Source | 950,298,000Source | 971,247,000Source | 1,069,770,000Source |
| Gain (Loss) on InvestmentsUSD | 6,701,000Source | 5,482,000Source | 7,222,000Source | — |
| Income (Loss) Attributable to Parent, before TaxUSD | 322,277,000Source | 366,892,000Source | 363,489,000Source | 357,535,000Source |
| Interest ExpenseUSD | — | — | 37,677,000Source | 36,016,000Source |
| Investment Income, NetUSD | 22,200,000Source | 19,800,000Source | — | — |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost ComponentUSD | -3,334,000Source | -9,609,000Source | -10,597,000Source | -1,075,000Source |
| Other Cost and Expense, OperatingUSD | — | — | — | 69,718,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | — | 1,349,166,000Source | 1,460,209,000Source |
Filing attachments
a2026q2earningsreleaseex991.htm · 8-K · 2026-08-04
EX-99.1 2 a2026q2earningsreleaseex991.htm EX-99.1 Document Press Release August 3, 2026 ────────────────── Otter Tail Corporation Announces Second Quarter Results and Updates Annual Earnings Guidance FERGUS FALLS, Minnesota - Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended June 30, 2026. SUMMARY • Reported quarterly diluted loss per share of $0.18 and adjusted diluted earnings per share of $1.66. • Updated our annual diluted earnings …
Read attachment ↗q12026earningsreleaseex991.htm · 8-K · 2026-05-05
EX-99.1 2 q12026earningsreleaseex991.htm EX-99.1 Document Press Release May 4, 2026 ─────────────── Otter Tail Corporation Announces First Quarter Earnings and Affirms 2026 EPS Guidance FERGUS FALLS, Minnesota - Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended March 31, 2026. SUMMARY • Produced diluted earnings per share of $1.73 in the first quarter of 2026. • Return on equity of 15% over the trailing twelve months. • Affirmed 2026 d…
Read attachment ↗ex991-pressreleasex2026new.htm · 8-K · 2026-04-14
EX-99.1 2 ex991-pressreleasex2026new.htm EX-99.1 Document Otter Tail Corporation Announces President and CFO Transitions Date: April 14, 2026 FERGUS FALLS, Minn. -- (BUSINESS WIRE) -- Otter Tail Corporation (Nasdaq: OTTR) today today announced executive leadership transitions in conjunction with the long-term succession plan approved by its Board of Directors. Effective April 13, 2026, Tim Rogelstad has been elected President of Otter Tail Corporation. In his new role, Mr. Rogelstad will…
Read attachment ↗q42025earningsreleaseex991.htm · 8-K · 2026-02-17
EX-99.1 2 q42025earningsreleaseex991.htm EX-99.1 Document Press Release February 16, 2026 ───────────────────── Otter Tail Corporation Announces Annual Earnings and Initiates 2026 Earnings Guidance FERGUS FALLS, Minnesota - Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter and year ended December 31, 2025. SUMMARY • Produced annual diluted earnings per share of $6.55. • Achieved a consolidated return on equity of 16% on an equity ratio of 63%…
Read attachment ↗q32025earningsreleaseex991.htm · 8-K · 2025-11-04
EX-99.1 2 q32025earningsreleaseex991.htm EX-99.1 Document Press Release November 3, 2025 ──────────────────── Otter Tail Corporation Announces Third Quarter Earnings, Increases Annual Earnings Guidance and Uplifts Long-Term Financial Targets FERGUS FALLS, Minnesota - Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended September 30, 2025. SUMMARY • Produced diluted earnings per share of $1.86 in the third quarter of 2025. • Increased the m…
Read attachment ↗q22025earningsreleaseex991.htm · 8-K · 2025-08-05
EX-99.1 2 q22025earningsreleaseex991.htm EX-99.1 Document Press Release August 4, 2025 ────────────────── Otter Tail Corporation Announces Second Quarter Earnings and Increases Annual Earnings Guidance FERGUS FALLS, Minnesota - Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended June 30, 2025. SUMMARY • Produced diluted earnings per share of $1.85 in the second quarter of 2025. • Increased midpoint of 2025 earnings per share guidance by $…
Read attachment ↗