{"schema_version":"secwatch.filing_event.v1","accession":"0001466593-22-000070","form_type":"8-K","ticker":"OTTR","cik":"0001466593","company_name":"Otter Tail Corp","filed_at":"2022-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.752024+00:00","generated_at":"2026-06-22T17:56:19.045963+00:00","sec_items":["1.01","2.03","2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Otter Tail posts record Q3 EPS $2.01, up 60% YoY; cuts FY2022 guidance to $6.42-$6.72","bullets":["Q3 net income $84M, diluted EPS $2.01 (up 60% YoY); revenues $384M, up 21%.","Plastics segment net income $56M (up 97%) on elevated PVC margins; demand softening due to resin price declines.","FY2022 EPS guidance lowered to $6.42-$6.72 from $6.83-$7.13; midpoint still 55% above 2021 EPS of $4.23.","Board declares quarterly dividend $0.4125/share, payable Dec 9, 2022, record Nov 15, 2022.","Otter Tail Corp and OTP each entered new $170M revolving credit facilities, maturing Oct 2027; no amounts drawn initially."],"urls":{"canonical":"https://secwatch.observer/filing/0001466593-22-000070","json":"https://secwatch.observer/filing/0001466593-22-000070.json","markdown":"https://secwatch.observer/filing/0001466593-22-000070.md","text":"https://secwatch.observer/filing/0001466593-22-000070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1466593/000146659322000070/0001466593-22-000070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1466593/000146659322000070/ottr-20221031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T17:56:19.045963+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4663171a7d0124bf44d1d950fc8bbe5dbb068a46","claim":"Otter Tail Corp reported the quarter ended September 30, 2022 results: revenue $384 million, net income $84 million, EPS $2.01 per share. Guidance reaffirmed.","evidence_excerpt":"Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended September 30, 2022. SUMMARY Compared to the quarter ended September 30, 2021: • Consolidated operating revenues increased 21% to $384 million. • Consolidated net income increased 60% to $84 million. • Diluted earnings per share increased 60% to $2.01 per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1466593/000146659322000070/0001466593-22-000070-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2022"},{"label":"Revenue","value":"$384 million"},{"label":"Net income","value":"$84 million"},{"label":"EPS","value":"$2.01 per share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"8eff98130098ae8df0f305d2a68bfae0b5137ca0","claim":"Otter Tail Corp entered into Fourth Amended and Restated Credit Agreement with U.S. Bank National Association valued at $170 million unsecured revolving credit facility, may be increased to $250 million, expires October (effective 2022-10-31).","evidence_excerpt":"On October 31, 2022, Otter Tail Power Company (“OTP”), a wholly owned subsidiary of the Company, entered into a Fourth Amended and Restated Credit Agreement (the “OTP Credit Agreement”) with a group of banks as named therein, and led by U.S. Bank, as administrative agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1466593/000146659322000070/0001466593-22-000070-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"U.S. Bank National Association"},{"label":"Value","value":"$170 million unsecured revolving credit facility, may be increased to $250 million, expires October"},{"label":"Effective","value":"2022-10-31"}],"fact_type":"material_agreement"},{"claim_id":"97b104ebc212ba9fa5f444ef51f3aa7df323831c","claim":"Otter Tail Corp entered into Fifth Amended and Restated Credit Agreement with U.S. Bank National Association valued at $170 million unsecured revolving credit facility, may be increased to $290 million, expires October (effective 2022-10-31).","evidence_excerpt":"On October 31, 2022, Otter Tail Corporation (the “Company”) entered into a Fifth Amended and Restated Credit Agreement (the “Otter Tail Credit Agreement”) with certain banks as named therein, and led by U.S. Bank National Association (“U.S. Bank”), as administrative agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1466593/000146659322000070/0001466593-22-000070-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"U.S. Bank National Association"},{"label":"Value","value":"$170 million unsecured revolving credit facility, may be increased to $290 million, expires October"},{"label":"Effective","value":"2022-10-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}