Otter Tail Corp Q1 2026: Strong Earnings, Growth Plans

Otter Tail Corporations Q1 2026 earnings show a 7% increase in diluted earnings per share to $1.73, with full-year guidance remaining between $5.22 and $5.62. Key drivers were electric and manufacturing sectors, while plastics dipped. Leadership changes included Tim Rogelstad as president, Todd Wahlund as senior VP and power company head, and Tyler Nelson as VP and CFO. Electric sector performed well with new rates and a $230 million wind repowering project. Manufacturing saw better volumes in construction, rec vehicles, and industrial markets. Plastics prices dropped 19% but volumes rose 7% on specialty sales. Financially, Otter Tail has over $650 million in liquidity and a 5-year capex of $1.9 billion in electric, plus up to $750 million more in wind, transmission, and loads. This setup fuels 7-9% long-term earnings growth and targets 10-12% total shareholder returns. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5f9d87757b4b65d8