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Earnings analysis · 10-Q

OTTR earnings analysis

Filed May 6, 2026 · Our reading of the company's report

The latest report

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…

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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.

Read the original on SEC.gov

Reported figures

Earnings per share
$1.73
Segment
Electric: $165.9M; Manufacturing: $89.6M; Plastics: $91.6M

What stood out

  • 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.

What to watch

  • 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.

Management's outlook

2026 EPS guidance maintained at $5.22 to $5.62.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.