Otter Tail's Q2 Earnings: Raising Guidance, Expanding Renewables

Otter Tail Corporations Q2 earnings of $1.85 per diluted share, though down from last year, exceeded expectations. The company raised its 2025 guidance to $6.26 from $5.88, thanks to a strong performance in their plastics segment. Despite storms causing outages, Otter Tail secured regulatory approvals for two solar projects and filed a South Dakota rate case. They maintain low rates, attracting new loads, and protecting customers from cost increases. Electric earnings rose slightly, while manufacturing dipped due to soft demand in certain sectors. However, plastics volumes surged eleven percent. Otter Tails five-year capex remains solid, projecting nine percent annual growth in electric earnings and rate base, with over $300 million in cash and no equity needs until 2029. 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/97f72aecc609d943