Otter Tail Corporation (OTTR)
Summary
Otter Tail: Still Worth Buying After Q2
Otter Tail Corporation beat Q2 expectations and raised full-year and 2026 adjusted EPS guidance, reflecting strong utility and improving manufacturing trends. Regulated utilities remain OTTR's primary growth engine, with management targeting a 10% annual rate base and comparable utility earnings growth over five years. Major solar, storage, and transmission projects are scheduled to come online in 2027–2028, expanding the regulated asset base and supporting long-term earnings.
Otter Tail Corporation (OTTR) Q2 2026 Earnings Call Transcript
Otter Tail Corporation (OTTR) Q2 2026 Earnings Call Transcript
Otter Tail Q2 Earnings Call Highlights
Otter Tail NASDAQ: OTTR reported second-quarter adjusted diluted earnings per share of $1.66, down from $1.85 a year earlier, as lower PVC pipe pricing weighed on its plastics segment. The company raised its full-year adjusted earnings guidance to a range of $5.68 to $6.08 per share, excluding the after-tax effect of a legal settlement related to PVC pipe antitrust litigation.
Otter Tail Corporation Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 62 | $5,034.95 | $5,482.04 | $447.09 | 8.88% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 25,768 | $2.32M | $2.42M | $98,200.72 | 4.24% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 4,395 | $332,908.84 | $414,360.6 | $81,451.76 | 24.47% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 310 | $27,208.7 | $29,074.9 | $1,866.2 | 6.86% |
| BG Bart Gancher Intech Investment Management LLC | 8,249 | $635,915.41 | $773,673.71 | $137,758.3 | 21.66% |
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Otter Tail Corporation Profile
| Independent Power and Renewable Electricity Producers Industry | Utilities Sector | Charles S. MacFarlane CEO | NASDAQ (NGS) Exchange | 689648103 CUSIP |
| US Country | 2,198 Employees | 14 Aug 2026 Last Dividend | 16 Mar 2000 Last Split | 26 Mar 1990 IPO Date |
Overview
Otter Tail Corporation, having evolved from its original incarnation as Otter Tail Power Company in 2001, stands today as a diversified entity with a foundation deeply embedded in the United States' energy sector, specifically within Minnesota, North Dakota, and South Dakota. Founded in 1907 and based in Fergus Falls, Minnesota, the corporation orchestrates its operations through subsidiaries across three primary segments: Electric, Manufacturing, and Plastics. The Electric segment is dedicated to the generation, transmission, distribution, and sale of electric energy, participating actively in the Midcontinent Independent System Operator markets. It generates electricity using a variety of sources including coal, fuel oil, solar, wind, and natural gas, servicing a broad spectrum of residential, commercial, and industrial customers. Beyond its core utility operations, Otter Tail Corporation ventures into Manufacturing and Plastics, demonstrating a versatile approach to business by embracing sectors that complement its primary energy focus, thereby ensuring a diversified portfolio aimed at sustainable growth and operational resilience.
Products and Services
- Electric Segment:
This segment is instrumental in producing, transmitting, distributing, and selling electric energy across key states. Utilizing a mix of coal, fuel oil, solar, wind, and natural gas, it caters to a wide array of customers, from residential to industrial, emphasizing the corporation's role as a pivotal energy provider in the Midcontinent Independent System Operator markets.
- Manufacturing Segment:
Otter Tail Corporation's foray into the manufacturing sector is marked by a diverse offering that includes contract machining, metal parts stamping, fabrication and painting, along with the production of plastic thermoformed horticultural containers, life science and industrial packaging, and material handling components. With a focus on serving the recreational vehicle, lawn and garden, agricultural, construction, and industrial and energy equipment markets, this segment showcases the corporation's versatility and commitment to catering to a wide range of industry needs.
- Plastics Segment:
Specializing in the production of polyvinyl chloride (PVC) pipes, this segment addresses the needs of municipal water, rural water, wastewater, storm drainage, water reclamation systems, and various other applications. Products from this segment find customers across multiple industries including horticulture, medical and life sciences, industrial sectors, recreation, and electronics, with distribution channeled through wholesalers and direct sales by independent representatives and company personnel.
