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OTTR

Otter Tail Corporation

OTTR

Otter Tail Corporation • NASDAQ
$82.20 ▲ 0.11% (+0.09)
Market Cap $3.44 B
52w High $86.22
52w Low $71.66
Dividend Yield 2.10%
P/E 12.42
Volume 175.97K
Outstanding Shares 41.91M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $325.563M ▼ $51.679M ▲ $78.292M ▲ 24.048% ▲ $1.87 ▲ $132.453M ▼
Q2-2025 $333.043M ▼ $51.026M ▼ $77.728M ▲ 23.339% ▲ $1.86 ▲ $132.547M ▲
Q1-2025 $337.353M ▲ $54.895M ▼ $68.099M ▲ 20.186% ▲ $1.63 ▲ $119.112M ▲
Q4-2024 $303.111M ▼ $55.682M ▲ $54.85M ▼ 18.096% ▼ $1.31 ▼ $101.135M ▼
Q3-2024 $338.033M $49.585M $85.479M 25.287% $2.04 $142.38M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $379.663M ▲ $3.844B ▲ $2.012B ▲ $1.831B ▲
Q2-2025 $307.241M ▲ $3.765B ▲ $1.991B ▲ $1.774B ▲
Q1-2025 $284.814M ▼ $3.697B ▲ $1.979B ▼ $1.717B ▲
Q4-2024 $294.651M ▲ $3.652B ▲ $1.984B ▲ $1.668B ▲
Q3-2024 $280.02M $3.567B $1.933B $1.633B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $78.292M ▲ $129.57M ▲ $-88.988M ▼ $-22.037M ▲ $18.545M ▼ $40.48M ▼
Q2-2025 $77.728M ▲ $119.91M ▲ $-66.115M ▼ $-31.368M ▼ $22.427M ▲ $53.683M ▲
Q1-2025 $68.099M ▲ $39.469M ▼ $-60.911M ▲ $11.605M ▲ $-9.837M ▼ $-18.543M ▼
Q4-2024 $54.85M ▼ $129.956M ▲ $-99.208M ▼ $-16.117M ▼ $14.631M ▼ $31.056M ▼
Q3-2024 $85.479M $99.314M $-84.101M $34.135M $49.348M $72.753M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Electric
Electric
 $140.00M ▲$150.00M ▲$130.00M ▼$140.00M ▲
Manufacturing
Manufacturing
 $70.00M ▲$80.00M ▲$80.00M ▲$80.00M ▲
Plastics
Plastics
 $100.00M ▲$110.00M ▲$130.00M ▲$110.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Otter Tail’s income statement shows a company that has grown meaningfully over the last five years and then leveled off at a higher, more profitable base. Revenue climbed strongly from 2020 through 2022 and has been roughly flat to slightly down the last two years, suggesting the big growth spurt has cooled but not reversed. The more important story is margins: operating profit and net income have improved much faster than sales, indicating tighter cost control, good pricing, or a richer mix of business. Earnings per share have risen very strongly over the period, reflecting both improved profitability and a disciplined capital structure. Overall, the business looks structurally more profitable today than it was five years ago, even if top-line growth has slowed recently.

Balance Sheet

Balance Sheet The balance sheet looks sturdier over time. Total assets and shareholder equity have both increased steadily, showing ongoing investment in the business and a growing capital base. Debt has risen, but at a slower pace than equity, which means leverage has not blown out and the company has kept a relatively balanced financial profile for a utility. Cash on hand has moved from essentially nothing to a more comfortable, though still modest, cushion. In plain terms, Otter Tail appears to be funding growth while maintaining a conservative balance between what it owns, what it owes, and what belongs to shareholders.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has trended upward steadily, which supports the idea that profits are backed by real cash, not just accounting. At the same time, the company is spending heavily on capital projects in both the utility and manufacturing businesses. Those investments periodically squeeze free cash flow, but in most recent years the company is still generating a positive surplus after investment. The pattern fits a utility-led company in a build-out phase: strong cash inflow, substantial reinvestment, and modest but generally positive leftover cash.

Competitive Edge

Competitive Edge Otter Tail’s competitive position is built around its mix of a regulated electric utility and a set of specialized manufacturing and plastics businesses. The utility provides stable, predictable earnings supported by regulation and long‑lived assets, while the manufacturing operations offer more growth and higher cyclicality. This combination reduces reliance on any one segment and can soften economic swings. Within utilities, Otter Tail benefits from a focused regional footprint and an emphasis on reliability and community relationships. In manufacturing and plastics, it competes through specialization and customer relationships rather than sheer scale. Key risks include regulatory changes, energy transition costs, and economic slowdowns that could affect the more cyclical manufacturing side.

Innovation and R&D

Innovation and R&D Innovation at Otter Tail is practical and incremental rather than headline‑grabbing. On the utility side, the company is moving steadily toward more renewable energy, grid modernization, advanced metering, and battery storage. These steps should improve reliability and position the company well for a lower‑carbon future, while also expanding its regulated asset base. On the manufacturing side, investment is focused on systems upgrades, plant expansions, and process efficiency—things like upgraded planning software, expanded PVC pipe capacity, and more efficient fabrication capabilities. This is less about pure research and more about continuous improvement and scaling what already works, which fits the company’s stable, capital‑intensive profile.

Summary

Putting it all together, Otter Tail looks like a disciplined, steadily improving business anchored by a regulated utility and complemented by niche manufacturing operations. Profitability has strengthened significantly over the last five years, the balance sheet has grown more robust without excessive leverage, and cash flows support ongoing investment. The company is committing meaningful capital to renewables, grid technology, and manufacturing expansions, which could support future earnings but also requires careful execution. Main watchpoints include regulatory outcomes, the timing and cost of large projects, and economic conditions affecting the manufacturing and plastics segments. Overall, the financials describe a company that has moved to a higher level of earnings quality and scale, while still being in the midst of a sizable investment and transition phase.

NEWS

November 3, 2025 · 6:00 PM UTC

Otter Tail Corporation Announces Third Quarter Earnings, Increases Annual Earnings Guidance and Uplifts Long-Term Financial Targets

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October 31, 2025 · 11:30 AM UTC

Otter Tail Power Company Requests Minnesota Rate Increase

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October 14, 2025 · 3:30 PM UTC

Otter Tail Corporation Will Host Conference Call on Third Quarter 2025 Financial Results

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