OTTR
Otter Tail Corp
Next earnings Aug 3, 2026 · consensus $1.43 EPS, $333M rev
Last earnings -2.0% on 2026-05-05
$90.63
▲ +0.64%$90.63▲ +19.08%
over 1Y
L $73.38EODHDH $91.29
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.6%
1W+2.7%
1M+2.9%
3M+6.2%
YTD+12.7%
1Y+19.1%
Hold
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 9 analysts
Sell
Steady regulated utility + cyclical Plastics drag; reasonable 13.6x P/E and fortress balance sheet justify holding, not chasing.
P/E 13.6 · FY2025
The read
Middling fundamentals and a rich price (~35% above fair value) leave little margin of safety — a wait-and-see.
Otter Tail is a hybrid: a rate-base-growing Electric utility bolted to cyclical Manufacturing and Plastics segments. The 10-K MD&A spells out the 2025 story plainly — consolidated revenue fell 2.0% to $1.30B and net income dropped 8.5% to $276M, driven by 'decreased sales prices in our Plastics segment and decreased sales volumes in our Manufacturing segment.' This is the post-2022 PVC normalization that has now compressed earnings for three straight years (FY2022 net income peaked at $284M, then $294M, $302M, and now $276M — flatness masking mix shifts). The Electric segment is doing exactly what regulated utilities should: retail revenue grew 6.8% on rate-base recovery, fuel recovery, and 15.1% more heating degree days, with net income up 7.3% to $97.6M. The PTC tailwind from completed wind upgrades cut the effective tax rate to 14.4% from 17.8% — a real, durable benefit.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.20B | $1.46B | $1.35B | $1.33B | $1.30B |
| Gross profit | — | — | — | — | — |
| Operating income | $250M | $390M | $378M | $380M | $346M |
| Net income | $177M | $284M | $294M | $302M | $276M |
| Diluted EPS | $4.23 | $6.78 | $7.00 | $7.17 | $6.55 |
| Net margin | 14.8% | 19.5% | 21.8% | 22.7% | 21.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$4.46B
EV / EBITDA9.6
EV / Sales3.4
EV / FCF45.5
P / FCF38.8
PEG (trailing)—
Earnings yield7.3%
FCF yield2.6%
Quality & risk
ROIC (est.)9.4%
Free cash flow$97.9M
Total debt$1.04B
Net cash-$657M
Piotroski F-Score5/8
Capital returns
Buyback yield0.1%
Dividend yield (est.)2.3%
Shareholder yield2.4%
Shares Δ YoY+0.3%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Material agreement2026-06-18
Entered new material agreement (Item 1.01) — likely financing/PPA at OTP
- 8-K New financial obligation2026-06-05
Created direct financial obligation — new debt issuance, raises interest burden
- 8-K Material agreement2026-05-29
Signed another material definitive agreement — routine utility contracting
- 8-K Other event2026-05-15
Other event disclosure (Item 8.01) — non-financial corporate update
- 10-Q Quarterly report2026-05-06
Q1 2026 10-Q filed; FY headwinds in Plastics pricing continue weighing on EPS
- 8-K Earnings results2026-05-05
Q1 2026 earnings release filed with exhibits — quarterly results announced
- 8-K Shareholder vote2026-04-15
Annual meeting vote results disclosed — directors/auditor ratified
- DEF 14A Proxy statement2026-03-02
Proxy filed for 2026 annual meeting — board slate and exec comp items
- 10-K/A Restated periodic report2026-02-23
Amended FY2025 10-K — corrective/supplemental disclosure to original filing
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-172026-06-18open ↗8-KPeriod ending 2026-06-042026-06-05open ↗SDFiling2026-05-29open ↗8-KPeriod ending 2026-05-282026-05-29open ↗8-KPeriod ending 2026-05-152026-05-15open ↗10-QPeriod ending 2026-03-312026-05-06open ↗8-KPeriod ending 2026-05-042026-05-05open ↗SCHEDULE 13GFiling2026-04-30open ↗SCHEDULE 13GFiling2026-04-29open ↗4Period ending 2026-04-132026-04-15open ↗4Period ending 2026-04-132026-04-15open ↗4Period ending 2026-04-132026-04-15open ↗
Frequently asked
- Is Otter Tail Corp (OTTR) a buy?
- OTTR currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Steady regulated utility + cyclical Plastics drag; reasonable 13.6x P/E and fortress balance sheet justify holding, not chasing.
- What is OTTR's fair value?
- A Modified-Graham model based on OTTR's SEC fundamentals estimates a fair value of about $58.46. It is an estimate from reported earnings, not a price target.
- Is OTTR overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, OTTR currently appears overvalued relative to its SEC-grounded earnings power.
- What is Otter Tail Corp's quality score?
- OTTR scores 70.8235294117647/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001466593, latest 10-Q filed 2026-05-06) · EODHD · analysis by claude-code · as of 6/25/2026, 1:19:37 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.