Highest-materiality recent filing
Otter Tail posts Q2 loss of $0.18/share on $103.5M antitrust settlement; cuts EPS guidance
Q2 2026 diluted loss per share $0.18; adjusted diluted EPS $1.66.
Otter Tail settles PVC pipe antitrust class action for $30M with End-User Class
Otter Tail subsidiaries to pay $30M to settle End-User Class claims in PVC Pipe Antitrust Litigation.
Otter Tail Power issues $70M 6.04% senior notes due 2056
$70M aggregate principal of Series 2026B Notes at 6.04% due June 4, 2056.
Otter Tail settles two class claims in PVC pipe antitrust litigation for $73.5M
Will pay $39.5M to Direct Purchaser Class and $34.0M to Non-Converter Seller Purchaser Class.
Otter Tail files 2026 IRP with MN PUC; plans 50MW gas, 100MW wind, solar, battery
Filed 2026 Integrated Resource Plan with Minnesota PUC; includes a 50MW natural gas plant expected in 2031 or 2032.
Otter Tail Q1 EPS $1.73, reaffirms FY26 guidance $5.22-$5.62, declares $0.5775 dividend
Q1 2026 diluted EPS $1.73; FY2026 guidance affirmed at $5.22-$5.62 per share.
Three directors re-elected: Crain, Erickson, Partain, each receiving >27 million votes for.
Otter Tail elects Tim Rogelstad President, Tyler Nelson CFO; Wahlund moves to utility president
Tim Rogelstad elected President of Otter Tail Corp effective April 13, 2026; reports to CEO Chuck MacFarlane.
Otter Tail Power issues $170M senior unsecured notes (5.33% and 6.04%)
Issued $100M 5.33% Series 2026A Notes due 2036 and $70M 6.04% Series 2026B Notes due 2056.
Otter Tail reports FY2025 diluted EPS of $6.55; initiates 2026 guidance $5.22-$5.62
FY2025 net income $276M; diluted EPS $6.55; consolidated ROE 16% with 63% equity ratio.
Otter Tail appoints Clark and Rasche to board; Fritze retiring at April 2026 meeting
Steven L. Fritze to retire from board at the 2026 Annual Meeting in April after 12 years of service.
Otter Tail Q3 EPS $1.86; raises FY25 guidance midpoint to $6.47, long-term EPS growth target to 7-9%
Diluted EPS $1.86 for Q3 2025; FY25 guidance raised to $6.32-$6.62 from $6.06-$6.46.
Otter Tail Q2 EPS $1.85; raises FY2025 guidance range to $6.06-$6.46
Q2 diluted EPS of $1.85; increases FY2025 EPS guidance from $5.68-$6.08 to $6.06-$6.46.
Otter Tail Power subsidiary issues $50M 5.98% senior notes due 2055
Otter Tail Power Company issued $50M 5.98% Series 2025B Senior Notes due June 5, 2055.
Otter Tail Power files $5.7M annual revenue increase request with South Dakota PUC
Requested net annual revenue increase of $5.7M (12.5%) from South Dakota general rates, filed June 4, 2025.
Otter Tail Q1 EPS $1.62; reaffirms FY2025 guidance; manufacturing net income down 71%
Q1 2025 diluted EPS $1.62, net income $68.1M; prior year net income $74.4M.
Otter Tail shareholders re-elect three directors, approve compensation and auditor
Shareholders re-elected Steven L. Fritze, Kathryn O. Johnson, and Michael E. LeBeau as directors for three-year terms.
Otter Tail Power issues $100M in senior notes at 5.49% and 5.98%
$50M 5.49% Series 2025A Notes due 2035 issued March 27; $50M 5.98% Series 2025B Notes due 2055 expected June 5.
Otter Tail posts record annual EPS of $7.17; raises long-term EPS growth target to 6-8%
Record diluted EPS of $7.17 in 2024; consolidated ROE of 19.3% on equity ratio of 62.2%.
Otter Tail Power gets $13.1M rate increase in North Dakota settlement
NDPSC approved settlement on Dec 30, 2024 granting $13.1M (6.18%) annual base rate revenue increase.
Otter Tail enters new $170M corp revolver & $220M OTP revolver, both due Dec 2029
Unsecured $170M Otter Tail Corp revolver (expandable to $290M), replacing Oct 2022 facility, expires Dec 11, 2029.
Otter Tail Q3 EPS $2.03, down 7% YoY; raises FY2024 guidance to $6.97-$7.17
Electric segment net income +16% to $28.5M on ND interim rates and FERC ruling; Plastics -8% to $54.5M on lower PVC prices.
Otter Tail reports record Q2 EPS $2.07, up 6% YoY; raises 2024 EPS guidance to $6.77-$7.07
Diluted EPS $2.07, up 6% from Q2 2023; net income driven by Plastics segment up 9% on higher volumes.
MPUC approves Otter Tail IRP; orders 200-300MW solar by 2027, coal phase-out by 2031
MPUC directed Otter Tail Power to procure 200-300MW solar by Nov 2027, 150-200MW wind by Dec 2029, and 20-75MW battery storage by Dec 2029.
Otter Tail Q1 EPS $1.77 (+19% YoY); raises 2024 guidance to $6.23–$6.53
Diluted EPS $1.77 vs $1.49 in Q1 2023; Plastics segment net income +38.8% to $46.7M.
Otter Tail shareholders elect three directors, approve executive pay, and ratify auditor
Mary E. Ludford re-elected with 27,346,252 votes for, 649,371 withheld.
Otter Tail subsidiary reaches settlement on IRP with 200-300 MW solar and 150-200 MW wind additions
Settlement recommends MPUC approve 200-300 MW solar by Nov 2027 and 150-200 MW wind by Dec 2029 for Minnesota customers.
$120M total: $60M Series 2024A at 5.48% due 2034, $60M Series 2024B at 5.77% due 2054.
Otter Tail reports record FY2023 EPS of $7.00; guides 2024 EPS $5.13-$5.43
Q4 2023: revenue $314.3M, net income $57.8M, diluted EPS $1.37 (vs $1.00 a year ago).
Director Karen M. Bohn to retire from Otter Tail Board at 2024 annual meeting
Karen M. Bohn notified Otter Tail on Jan 26, 2024, of her decision not to stand for reelection.
Otter Tail Power proposes bifurcated resource plan, Coyote Station as emergency resource by 2029
Otter Tail Power submitted a supplemental IRP to the MN PUC proposing bifurcated resource planning between Minnesota and other jurisdictions.
Otter Tail reports record Q3 EPS of $2.19; raises FY2023 guidance to $6.76-$6.96
Consolidated net income $92M, EPS $2.19 (+9% YoY); revenue $358M (-7%).
Otter Tail CFO Kevin Moug to retire Dec 31, 2023; Todd Wahlund named successor effective Jan 1, 2024
CFO Kevin Moug retiring after 27 years; effective Dec 31, 2023.
Otter Tail Q2 EPS $1.95 (-5% YoY), raises 2023 guidance to $5.70-$6.00
Q2 2023: diluted EPS $1.95 (-5% YoY), revenue $338M (-16%), net income $82M (-5%).
At April 17, 2023 annual meeting, shareholders recommended via advisory vote that future say-on-pay votes be held annually.
Otter Tail Q1 EPS $1.49 (-13% YoY); raises FY2023 guidance to $4.55-$4.85
Q1 net income $62M ($1.49 diluted EPS), down 13% YoY; revenues $339M (-10%).
Otter Tail shareholders elect directors, approve advisory votes and 2023 stock plan
Shareholders re-elected John D. Erickson, Nathan I. Partain, and Jeanne H. Crain as directors for three-year terms.
Plans to add ~200 MW solar (2027-2028) and ~200 MW wind (2029) plus LNG storage at Astoria Station in 2026.
Otter Tail posts record FY 2022 EPS of $6.78, guides FY 2023 EPS $3.76-$4.06
FY 2022 diluted EPS $6.78 (+60% YoY); net income $284.2M (+61%); operating revenue $1.46B (+22%).
Otter Tail appoints Jeanne Crain and Mary Ludford to board; James Stake to retire
Jeanne Crain, CEO of a $16B financial services firm, appointed to Audit and Compensation Committees.
Otter Tail posts record Q3 EPS $2.01, up 60% YoY; cuts FY2022 guidance to $6.42-$6.72
Q3 net income $84M, diluted EPS $2.01 (up 60% YoY); revenues $384M, up 21%.
Otter Tail subsidiary updates IRP; cites FERC, MISO changes; dual fuel project details revised.
Otter Tail Power filed supplemental IRP update with Minnesota PUC on Oct 14, 2022, requesting procedural schedule amendment.
Director James Stake not standing for reelection, will retire at 2023 annual meeting
James B. Stake notified Otter Tail on Sept 21, 2022, of his intention to retire from the board.
Otter Tail Q2 EPS $2.05, up 103% YoY; Raises FY2022 EPS guidance to $6.83-$7.13
Q2 revenues $400M (+40% YoY); net income $86M (+104%); diluted EPS $2.05 (+103%).
Otter Tail subsidiary closes $90M of 3.77% senior notes due 2052
OTP issued $90M Series 2022A Notes at 3.77% due May 20, 2052, completing a $230M private placement.
Otter Tail Q1 EPS $1.72 (+136% YoY); raises 2022 guidance to $5.15-$5.45
Diluted EPS $1.72, net income $72M, revenue $375M (+43% YoY); all records for Q1.
Otter Tail shareholders elect three directors, approve say-on-pay, ratify auditor
Elected Steven L. Fritze, Kathryn O. Johnson, and Michael E. LeBeau to three-year board terms with ~25–26M votes each.
Otter Tail reports record 2021 EPS $4.23; raises dividend 5.8%; guides 2022 EPS $3.78-$4.08
2021 diluted EPS $4.23 vs $2.34 in 2020; Q4 EPS $1.23 vs $0.45 a year ago. Revenue $1.20B (+34.5% YoY).
Otter Tail director O'Keefe to retire; Dr. LeBeau appointed to board
Timothy J. O'Keefe to retire at end of current term at 2022 annual meeting due to mandatory retirement age.
Otter Tail Power issues $140M of senior notes; remaining $90M due May 2022
Issued $40M 2.74% Series 2021A notes due Nov 2031 and $100M 3.69% Series 2021B notes due Nov 2051.
On January 26, 2024, Karen M. Bohn notified Otter Tail Corporation (the “Company”) of her intention to not stand for reelection and instead retire from the Company’s Board of Directors effective at the conclusion of her current term, which expires at the time of the 2024 Annual Meeting of Shareholders.
Kevin Moug, the Chief Financial Officer and Senior Vice President, of Otter Tail Corporation (the Company), notified the Company of his intention to retire effective December 31, 2023.
The Board has elected Todd Wahlund to the position of Vice President and Chief Financial Officer, effective on Mr. Moug’s retirement.
On December 21, 2022, the Otter Tail Corporation (the “Corporation”) Board of Directors appointed Ms. Jeanne Crain and Ms. Mary Ludford to serve as members of the Board of Directors, effective January 1, 2023.
On December 21, 2022, the Otter Tail Corporation (the “Corporation”) Board of Directors appointed Ms. Jeanne Crain and Ms. Mary Ludford to serve as members of the Board of Directors, effective January 1, 2023.
On September 21, 2022, James B. Stake notified Otter Tail Corporation (the “Company”) of his intention to not stand for reelection and instead retire from the Company’s Board of Directors effective at the conclusion of his current term, which expires at the time of the 2023 Annual Meeting of Shareholders.
On December 14, 2021, the Board of Directors of the Company appointed Dr. Michael E. LeBeau to serve as a member of the Board of Directors, effective January 1, 2022, to fill the vacancy which will be created by the retirement of Mr. O’Keefe.
On December 14, 2021, Timothy J. O’Keefe notified Otter Tail Corporation (the “Company”) of his intention to retire from the Company’s Board of Directors effective at the conclusion of his current term, which expires at the time of the 2022 Annual Meeting of Shareholders, due to having reached the mandatory retirement age.
Max materiality 0.85 · Median 0.65 · Most common event earnings