Otter Tail Corporation (OTTR) Earnings Call Transcripts

Otter Tail Corporation's Latest Earnings Call - Q1 FY2026

Otter Tail Corporation reported its first quarter 2026 earnings, with diluted earnings per share (EPS) of $1.73, a 7% increase from $1.62 in Q1 2025. The increase was driven by strong performance in the electric and manufacturing segments, despite a decline in the Plastics segment. Revenue details were not explicitly provided. The company maintained its full-year EPS guidance range of $5.22 to $5.62. Key developments include the completion of a $230 million wind repowering project and the implementation of new base rates in South Dakota and interim rates in Minnesota.

Reported metrics

Guidance from management

Management maintained its 2026 EPS guidance range of $5.22 to $5.62, expecting a return on equity of approximately 12%. The five-year rate base growth is projected at a 10% CAGR.

What management said

Thanks for the question, Chris. Yes, I think we believe that long term will be resolved, whether it's completely resolved by the second half of this year. We don't know on that. But we just know that it is impacting the U.S. domestic export price of resin, which drives up the domestic price at this time.

Chris, this is Tyler. So I think a couple of things. First, inventory levels in the channel, both at the dealer and the manufacturer have normalized. I think they're at a good level where we will see more throughput on any demand at the end customer level. We will feel that now, now that inventories have normalized. In addition to that, some of the higher-end models, we continue to see strength in product demand, whe...

What analysts pressed on

Analysts expressed concerns about the impact of global resin dynamics due to geopolitical tensions and the potential delays in the Minnesota rate case process. There were also questions about the sustainability of the recovery in the recreational vehicle market amid negative consumer sentiment.

Main topics on the call

• Leadership Transition — Otter Tail announced leadership changes with Tim Rogelstad elected as President, and Tyler Nelson as CFO. Management emphasized that these changes do not alter the company's strategy or priorities.
• Regulatory Developments — The company achieved a constructive outcome in its South Dakota rate case, implementing new base rates on April 1. Interim rates for the Minnesota rate case were also implemented at the start of the year.
• Wind Repowering Project — Completed a $230 million wind repowering project, expected to increase output by 20% due to renewable energy tax credits.
• Plastics Segment Performance — Plastics segment earnings decreased 24% due to a 19% decline in average sales prices, partially offset by higher sales volumes and lower input costs.

Read the full Otter Tail Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 Otter Tail Corporation earnings call transcripts on record, spanning February 18, 2020 to May 5, 2026. Based on this history, Otter Tail Corporation reports quarterly. The most recent call on file is dated May 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

OTTR

Exchange

NasdaqGS

Country

US

Sector

Utilities

Industry

Electric Utilities

Calls on record

28

First call

February 18, 2020

Most recent

May 5, 2026

Reporting cadence

quarterly