Otter Tail Q1 revenue rises, EPS increases

Otter Tail

04/05/2026 23:13

Overview

US utility and manufacturing firm's Q1 revenue rose yr/yr, exceeding two analyst estimates

Q1 diluted EPS increased to $1.73 from $1.62 a year earlier

Company affirmed 2026 diluted EPS guidance range of $5.22 to $5.62

Outlook

Otter Tail affirms 2026 diluted EPS guidance range of $5.22 to $5.62

Company expects 2026 earnings mix: 49% Electric, 51% Manufacturing and Plastics

Otter Tail projects Plastics segment earnings to remain elevated in 2026

Result Drivers

ELECTRIC SEGMENT - Higher retail rates, increased fuel recovery revenues, and commercial sales volumes drove revenue growth, partially offset by unfavorable weather and higher production tax credits

MANUFACTURING SEGMENT - Higher steel costs passed to customers, increased sales volumes, and improved margins from product mix and efficiencies boosted results

PLASTICS SEGMENT - Lower average sales prices reduced revenue and net income, partly offset by higher sales volumes and lower input material costs

Company press release: ID:nBw21ltnNa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$347 mln
$339.10 mln (2 Analysts)
Q1 EPS
$1.73
Q1 Dividend
$0.58


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "hold."

Wall Street's median 12-month price target for Otter Tail Corp is $86.50, about 4.7% below its May 1 closing price of $90.78

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)