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

OTTR
  • Otter Tail Corporation reported diluted earnings per share of $1.86 for the quarter ended September 30, 2025.
  • The company increased its 2025 diluted earnings per share guidance midpoint by $0.21 to $6.47, setting a new range of $6.32 to $6.62.
  • Otter Tail Power updated its five-year rate base compounded annual growth rate target to 10% from 9%.
  • The long-term earnings per share growth rate target was raised to a range of 7% to 9%.
  • Otter Tail Power filed a request with the Minnesota Public Utilities Commission to increase rates by approximately $44.8 million, or 17.7%.
  • The Electric segment operating revenues increased 6.3% to $138.6 million, driven by higher sales volumes & fuel recovery revenue.
  • The Manufacturing segment operating revenues decreased 3.7% to $77.0 million due to lower sales volumes, though net income rose 80.1% to $3.9 million.
  • The Plastics segment operating revenues fell 13.9% to $110.0 million due to lower sales prices, but net income was supported by reduced input costs.
  • The Board declared a quarterly dividend of $0.525 per share, payable on December 10, 2025, to record holders on November 14, 2025.
  • Consolidated cash provided by operating activities for the nine months ended September 30, 2025, was $288.9 million, down from $322.8 million in the prior year period.
  • Capital expenditures for the nine months ended September 30, 2025, totaled $213.3 million, primarily within the Electric segment.
  • Financing activities included the issuance of $100.0 million in long-term debt & net repayments of short-term borrowings totaling $69.6 million.
  • Total available liquidity as of September 30, 2025, was $705.3 million, comprising cash, cash equivalents, & credit facility availability.
  • The company announced a new five-year capital spending plan totaling $1.9 billion for the Electric segment, expected to conclude by 2030.
  • The 2025 earnings mix is projected to be 36% from the Electric segment & 64% from the Manufacturing & Plastics segments.
  • A live webcast to discuss financial results is scheduled for November 4, 2025, at 10:00 a.m. CT.