Otter Tail earnings date
Otter Tail (OT4) Q3 2026 Earnings Report
DE:OT4 Q3 2026 EPS Results
- Actual EPS
- EUR 1.27
- Consensus EPS
- EUR 1.40
- Beat/Miss
- Missed by -EUR 0.12
- One Year Ago EPS
- EUR 1.68
DE:OT4 Q3 2026 Revenue Results
- Actual Revenue
- EUR 289.72M
- Expected Revenue
- EUR 296.37M
- Beat/Miss
- Missed by -EUR 6.65M
- YoY Revenue Growth
- -1.55%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/02/2026
- Time
- After Close
- Conference Call
- Monday, November 2, 2026
Otter Tail's next earnings date is estimated for February 15, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was broadly positive, supported by reaffirmed earnings guidance, strong liquidity, 10% planned rate base growth, 14% year-to-date electric earnings growth, 28% year-to-date manufacturing earnings growth, progressing renewable projects, and expanded capital investment opportunities. These positives were tempered by the third-quarter EPS decline, continued Plastics pricing and volume pressure, higher input and operating costs, soft housing conditions, and potential transmission project delays.
Otter Tail reaffirmed the midpoint of its adjusted diluted earnings per share guidance range of $5.88 and narrowed the range to $5.73 to $6.03 from $5.68 to $6.08, excluding the after-tax impact of the legal settlement expense recognized in the second quarter; it reaffirmed a 5-year rate base compounded annual growth rate of 10% and expects Otter Tail Power's earnings to grow at a similar rate over the planning period. Solway Solar is expected to become operational in the first half of 2027, Abercrombie Solar in the last half of 2028, and the battery storage facility in 2028. Otter Tail Power's portion of the 5-year capital investment plan totals $1.9 billion, with the incremental investment opportunity increased from $750 million to $850 million, driven partly by a potential wind project investment opportunity increasing from 200 megawatts to 300 megawatts. Plastics segment earnings are expected to continue to decline through the end of 2027, with 2028 earnings within a range of $45 million to $50 million, while the long-term earnings per share growth rate target is 7% to 9% and the total shareholder return target is 10% to 12%, with these targets anticipated once Plastics segment earnings normalize in 2028.
- Strategic Execution Despite Challenging ConditionsManagement said the team delivered on its strategic growth plan and near-term priorities during the third quarter despite a challenging operating environment. Otter Tail Power continued executing on regulatory priorities and its rate base growth plan, while renewable generation and transmission capital investments advanced. Manufacturing and Plastics also leveraged added capacity in Arizona and Georgia to help offset market headwinds.
- Electric Segment Year-to-Date Earnings GrowthElectric segment earnings were flat year-over-year in the third quarter, with timely recovery of rate base investments, higher electric rates in Minnesota and South Dakota, and favorable weather offsetting higher operating and maintenance costs. Through the first nine months of 2026, electric segment earnings were up 14% compared with the same period last year.
- Progress on Minnesota Rate CaseOtter Tail Power submitted surrebuttal testimony and completed the administrative law judge hearing for its ongoing Minnesota rate case. The requested net revenue increase was modified to $38.7 million from $42.3 million, largely due to a jurisdictional allocation adjustment. Management continues working toward a constructive outcome and is evaluating whether rate case filings are warranted in other jurisdictions.
- Integrated Resource Plan AdvancingThe company’s 15-year integrated resource plan filed with the Minnesota Commission continued to progress. Otter Tail Power responded to information requests, and initial intervener comments were filed in mid-October. The Minnesota Department of Commerce recommended additional renewable generation and suggested battery storage as an alternative to natural gas.
- Rate Base Growth Plan ReaffirmedManagement reaffirmed its five-year rate base compound annual growth rate of 10% and continues to expect Otter Tail Power earnings to grow at a similar rate over the planning period. The company stated that its plan is not dependent on securing any large loads, while any such load would remain an incremental opportunity.
- Solar and Battery Projects ProgressingThe company’s two solar projects remain on schedule and on budget. Solway Solar is expected to become operational in the first half of 2027, Abercrombie Solar in the last half of 2028, and the battery storage project is expected to come online in 2028.
- Large-Load Pipeline and Low-Cost Electric ServiceOtter Tail Power is engaging with a diverse set of companies interested in adding new loads to its system. Management highlighted interruptible clean fuel and thermal storage opportunities as providing flexibility and significant growth potential. Electric rates have remained well below national and regional averages for many years, and the company remains focused on managing customer bill increases and helping customers save.
- Improving Manufacturing End-Market DemandManagement said industry conditions are improving in many manufacturing end markets and that demand has increased. Recreational vehicle, lawn and garden, and horticulture markets remain stable; construction is improving as OEM customers see increased demand; and the industrial market remains strong due to products supporting growing energy demand. Agriculture remains challenging but is showing slight improvement looking toward next year.
- Manufacturing Year-to-Date Earnings GrowthManufacturing segment earnings decreased $0.03 per share during the quarter because of lower gross profit margins, higher production costs, lower productivity from onboarding new employees, and higher general and administrative expenses. These pressures were partially offset by higher sales volumes and new business with existing customers. Segment earnings were up 28% on a year-to-date basis compared with last year.
- PVC Capacity and Infrastructure Demand OpportunitiesThe team continued to leverage the large-diameter capability added at the Phoenix facility, which partially offset the year-over-year decrease in PVC pipe volumes. Management also cited increased demand for water infrastructure, including PVC pipe used in data centers and other large manufacturing facilities.
- Strong Liquidity and CapitalizationThe company reported an equity layer equal to 61% of total capital at the end of September and more than $600 million of available liquidity, including over $250 million in cash, cash equivalents, and marketable securities. Management said the balance sheet supports funding the current rate base growth plan.
- Earnings Guidance Reaffirmed and Range NarrowedOtter Tail reaffirmed the midpoint of its adjusted diluted earnings per share guidance and narrowed the range to $5.73 to $6.03 from $5.68 to $6.08. Management said it remains confident in delivering its 2026 financial objectives.
- Capital Investment Opportunity IncreasedThe company reaffirmed its five-year capital investment plan, including $1.9 billion for Otter Tail Power. The incremental investment opportunity for the current planning period increased from $750 million to $850 million, largely because a potential wind project opportunity was upsized from 200 megawatts to 300 megawatts.
- Financing Plan and Long-Term TargetsThe financing plan remains unchanged. The company expects to retire and not replace its only outstanding parent-level debt by year-end and expects to fund its customer-focused growth plan without accessing the equity capital markets. Long-term targets remain 7% to 9% earnings-per-share growth and 10% to 12% total shareholder return, with these targets expected once Plastics earnings normalize in 2028.
DE:OT4 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 15, 2027 | 2026 (Q4) | 1.00- | 1.11 | ― | ― |
| Nov 02, 2026 | 2026 (Q3) | 1.401.27 | 1.68 | -24.19% (-0.41) | |
| Aug 03, 2026 | 2026 (Q2) | 1.371.50 | 1.67 | -10.27% (-0.17) | |
| May 04, 2026 | 2026 (Q1) | 1.281.56 | 1.46 | 6.79% (+0.10) | |
| Feb 16, 2026 | 2025 (Q4) | 1.191.11 | 1.18 | -5.38% (-0.06) | |
| Nov 03, 2025 | 2025 (Q3) | 1.691.68 | 1.83 | -8.37% (-0.15) | |
| Aug 04, 2025 | 2025 (Q2) | 1.561.67 | 1.87 | -10.63% (-0.20) | |
| May 05, 2025 | 2025 (Q1) | 1.381.46 | 1.6 | -8.47% (-0.14) | |
| Feb 17, 2025 | 2024 (Q4) | 1.151.18 | 1.24 | -5.11% (-0.06) | |
| Nov 04, 2024 | 2024 (Q3) | 1.791.83 | 1.98 | -7.31% (-0.14) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
