Here are the 10-K annual reports from Otter Tail Corp (OTTR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow OTTR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OTTR filings page.
Otter Tail Corporation filed a 10-K/A to amend its 2025 annual report solely to correct the date of Deloitte’s audit opinion from February 19, 2025 to February 18, 2026; no other information has been updated.
For 2025, Otter Tail reported total operating revenue of $1,304,058,000 versus $1,330,548,000 in 2024 and net income of $275,893,000 compared with $301,662,000 a year earlier. Diluted earnings per share were $6.55, down from $7.17. The Electric segment generated revenue of $566,756,000 and net income of $97,586,000, Manufacturing delivered revenue of $314,547,000 and net income of $11,517,000, and Plastics produced revenue of $422,755,000 with net income of $170,400,000.
Cash flow from operating activities was strong at $385,985,000, funding capital expenditures of $288,068,000. Year-end cash and cash equivalents were $386,193,000. Total assets reached $3,964,279,000, long-term debt (net of current maturities and issuance costs) was $963,566,000, and shareholders’ equity was $1,861,760,000.
Otter Tail Corporation details its diversified portfolio spanning regulated electric utility, manufacturing and PVC pipe plastics businesses. The company targets long-term earnings per share growth of 7 to 9%, with about 70% of earnings from its Electric segment and 30% from its Manufacturing Platform, and dividend growth of 6 to 8% annually.
Otter Tail plans substantial capital investments in wind, solar and battery storage, plus major MISO transmission projects, while retiring coal over time and aiming for a 90% reduction in owned-generation CO2 emissions by 2050 from 2005 levels. The 10-K also highlights regulatory, environmental, climate, supply-chain and customer-concentration risks.