OTTR earnings analysis
What we found in OTTR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Otter Tail Corporation reported solid Q1 2026 earnings results, with revenues of $347.0 million, a 2.9% increase from Q1 2025, and EPS of $1.73, surpassing estimates by 23.6%. The Electric and Manufacturing segments showed strong performance, while Plastics experienced a revenue decline. Management maintains a bullish outlook despite facing challenges related to sales prices in plastics and rising operating expenses.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Q1 EPS Beats Estimates by 23.6%
- The actual EPS came in at $1.73 compared to the estimate of $1.40.
- Revenue Surpasses Expectations
- Q1 revenues were reported at $347.0 million, exceeding estimates of $340.1 million by 2.0%.
- Electric Segment Revenue Increased by 10.8%
- Electric segment revenues rose to $165.9 million, up from $149.7 million, driven by higher rates and sales volume.
- Significant Improvement in Operating Income
- Consolidated operating income increased by 1.5%, reaching $85.2 million.
- Improved Cash Flow from Operations
- Operating cash flow increased to $70.6 million from $39.5 million year-over-year.
- Strong Net Income Growth
- Net income grew 6.6% to $72.6 million from $68.1 million year-over-year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decreased Sales Prices in Plastics
- Plastics segment revenues dropped 13.5%, declining to $91.6 million due to a 19% decrease in average sales prices.
- Increased Production Costs in Electric Segment
- Production fuel costs rose by $6.5 million, leading to an increase in operating expenses.
- Higher Overall Operating Expenses
- Consolidated operating expenses increased by 3.3%, totaling $261.8 million.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.73
- Segment
- Electric: $165.9M; Manufacturing: $89.6M; Plastics: $91.6M
What they said about what is next.
2026 EPS guidance maintained at $5.22 to $5.62.
The filing reads better than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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