Otter Tail Corp incurred senior notes of $70,000,000 with Purchasers named in Note Purchase Agreement at 6.04% maturing June 4, 2056.
“On June 4, 2026, OTP issued the Series 2026B Notes pursuant to the Note Purchase Agreement for aggregate proceeds of $70,000,000.”
Earnings Releases
Otter Tail Corp reported first quarter of 2026 results: EPS $1.73. Guidance reaffirmed.
“Produced diluted earnings per share of $1.73 in the first quarter of 2026.”
Debt Financings
Otter Tail Corp incurred senior notes of $170,000,000 aggregate principal amount of the Company’s senior unsecured notes consisting of $100,000,000 in aggregate with the purchasers named therein at 5.33% and 6.04% maturing March 19, 2036 and June 4, 2056.
“(the “Note Purchase Agreement”) with the purchasers named therein (the “Purchasers”), pursuant to which the Company issued to the Purchasers, in a private placement transaction, $170,000,000 aggregate principal amount of the Company’s senior unsecured notes consisting of $100,000,000 in aggregate principal amount of its 5.33% Series 2026A Senior Unsecured Notes due”
Material Agreements
Otter Tail Corp entered into Note Purchase Agreement with the purchasers named therein (the ‘Purchasers’) valued at $170,000,000 aggregate principal amount (effective 2026-03-19).
“On March 19, 2026, Otter Tail Power Company (the “Company”), a wholly owned subsidiary of Otter Tail Corporation (“OTC”), entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with the purchasers named therein (the “Purchasers”), pursuant to which the Company issued to the Purchasers, in a private placement transaction, $170,000,000 aggregate principal amount of the Company’s senior unsecured notes consisting of $100,000,000 in aggregate principal amount of its 5.33% Series 2026A Senior Unsecured Notes due March 19, 2036 (the “Series 2026A Notes”) and $70,000,000 in aggregate principal amount of its 6.04% Series 2026B Senior Unsecured Notes due June 4, 2056 (the “Series 2026B Notes”) (collectively, the “Notes”).”
Debt Financings
Otter Tail Corp incurred senior notes of $50,000,000 in aggregate principal amount of its 5.98% Series 2025B Senior Unsecured Notes at 5.98% maturing June 5, 2055.
“On June 5, 2025, OTP issued the Series 2025B Notes pursuant to the Note Purchase Agreement for aggregate proceeds of $50,000,000.”
Earnings Releases
Otter Tail Corp reported 2024 results: EPS a range of $6.23 to $6.53. Guidance raised.
“We are increasing our 2024 diluted earnings per share guidance to a range of $6.23 to $6.53 from our initial range of $5.13 to $5.43 due primarily to stronger than expected Plastics segment performance.”
Earnings Releases
Otter Tail Corp reported the quarter ended March 31, 2024 results: EPS $1.77 per share.
“Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended March 31, 2024.”
Shareholder Votes
Otter Tail Corp shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year 2024 at the 2024-04-08 meeting.
“Ratification of the Appointment of Deloitte & Touche LLP as Otter Tail Corporation’s Independent Registered Public Accounting Firm for the Year 2024: Votes For Votes Against Votes Abstained Broker Non-Votes 33,836,435 400,517 114,496 —”
Shareholder Votes
Otter Tail Corp shareholders approved Approval, in a non-binding advisory vote, of compensation provided to the Named Executive Officers as described in the Proxy Statement at the 2024-04-08 meeting.
“Approval, In a Non-Binding Advisory Vote, of Compensation Provided to the Named Executive Officers as Described in the Proxy Statement: Votes For Votes Against Votes Abstained Broker Non-Votes 26,863,245 749,226 383,152 6,355,825”
Shareholder Votes
Otter Tail Corp shareholders approved Election of three members to the Board of Directors at the 2024-04-08 meeting.
“Election of Directors: Director’s Name Votes For Votes Withheld Broker Non-Votes Mary E. Ludford 27,346,252 649,371 6,355,825 Charles S. MacFarlane 27,691,784 303,839 6,355,825 Thomas J. Webb 27,548,873 446,750 6,355,825”
Debt Financings
Otter Tail Corp incurred senior notes of $60,000,000 with purchasers named in Note Purchase Agreement at 5.77% maturing April 1, 2054.
“pursuant to which the Company issued to the Purchasers, in a private placement transaction, $120,000,000 aggregate principal amount of the Company’s senior unsecured notes consisting of $60,000,000 in aggregate principal amount of its 5.48% Series 2024A Senior Unsecured Notes due April 1, 2034 (the “Series 2024A Notes”) and $60,000,000 in aggregate principal amount of its 5.77% Series 2024B Senior Unsecured Notes due April 1, 2054 (the “Series 2024B Notes”) (collectively, the “Notes”).”
Debt Financings
Otter Tail Corp incurred senior notes of $60,000,000 with purchasers named in Note Purchase Agreement at 5.48% maturing April 1, 2034.
“pursuant to which the Company issued to the Purchasers, in a private placement transaction, $120,000,000 aggregate principal amount of the Company’s senior unsecured notes consisting of $60,000,000 in aggregate principal amount of its 5.48% Series 2024A Senior Unsecured Notes due April 1, 2034 (the “Series 2024A Notes”) and $60,000,000 in aggregate principal amount of its 5.77% Series 2024B Senior Unsecured Notes due April 1, 2054 (the “Series 2024B Notes”) (collectively, the “Notes”).”
Material Agreements
Otter Tail Corp entered into Note Purchase Agreement with the purchasers named therein valued at $120,000,000 aggregate principal amount (effective 2024-03-28).
“On March 28, 2024, Otter Tail Power Company (the “Company”), a wholly owned subsidiary of Otter Tail Corporation (“OTC”), entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with the purchasers named therein (the “Purchasers”), pursuant to which the Company issued to the Purchasers, in a private placement transaction, $120,000,000 aggregate principal amount of the Company’s senior unsecured notes”
Earnings Releases
Otter Tail Corp reported fiscal year 2024 results: EPS diluted earnings per share guidance range of $5.13 to $5.43. Guidance initiated.
“We are initiating our 2024 diluted earnings per share guidance range of $5.13 to $5.43.”
Earnings Releases
Otter Tail Corp reported for the quarter and year ended December 31, 2023 results: revenue Operating Revenues $ 314.3 $ 301.4 $ 1,349.2 $ 1,460.2, net income Net Income $ 57.8 $ 42.0 $ 294.2 $ 284.2, EPS Diluted Earnings Per Share $ 1.37 $ 1.00 $ 7.00 $ 6.78.
“Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter and year ended December 31, 2023. 2023 SUMMARY (in millions, except per share amounts) Q4 2023 Q4 2022 2023 2022 Operating Revenues $ 314.3 $ 301.4 $ 1,349.2 $ 1,460.2 Net Income $ 57.8 $ 42.0 $ 294.2 $ 284.2 Diluted Earnings Per Share $ 1.37 $ 1.00 $ 7.00 $ 6.78”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.