Every 10-Q that Otter Tail Corp (OTTR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, 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 reported second-quarter 2026 operating revenue of $334.4 million, roughly flat year over year, but recorded a net loss of $7.6 million versus net income of $77.7 million a year earlier, driven by a $103.5 million pre-tax charge for estimated losses related to U.S. PVC pipe class-action settlements.
For the first six months, revenue rose to $681.4 million, while net income declined to $65.0 million from $145.8 million. The Electric segment benefited from new rates, higher sales and increased production tax credits, lifting year-to-date segment net income to $53.9 million, while Plastics earnings fell sharply due to the litigation charge despite higher PVC pipe volumes.
Operating cash flow for the half-year increased to $182.7 million, supporting elevated capital expenditures of $324.8 million, largely in the Electric segment. Long-term debt rose to $1.22 billion after issuing $170 million of new senior unsecured notes, and $73.5 million was held as restricted cash in escrow for settlement payments, with additional settlement-related payments made in July 2026.
Otter Tail Corporation reported Q3 2025 results with net income of $78.3 million and diluted EPS of $1.86. Total operating revenue was $325.6 million, reflecting stronger Electric segment sales and lower Plastics volumes versus last year. Operating income was $96.6 million, and the effective tax rate fell to 14.1% due to production tax credits from wind repowering projects.
Year to date, revenue reached $996.0 million and net income was $224.1 million (diluted EPS $5.32). Operating cash flow was robust at $288.9 million, funding capital expenditures of $213.3 million, largely at the Electric segment. Cash and equivalents were $325.8 million and net long-term debt was $1.04 billion, including $100 million of new OTP senior unsecured notes issued in 2025 at rates of 5.49% (due 2035) and 5.98% (due 2055). The Electric segment posted Q3 revenue of $138.6 million and net income of $27.3 million; Manufacturing earned $3.9 million; Plastics earned $43.5 million.
Regulatory updates include a South Dakota general rate request for $5.7 million (12.50%) and a Minnesota filing seeking $44.8 million (17.7%), with an interim Minnesota increase request of $31.8 million (12.6%).
Otter Tail Corporation Q2 2025 (unaudited) Total assets $3,765,288 thousand at June 30, 2025 versus $3,652,082 thousand at Dec 31, 2024; cash and equivalents $307,241 thousand. Total operating revenues were $333,043 thousand for Q2 and $670,396 thousand for the six months ended June 30, 2025, down from $342,336 thousand and $689,404 thousand in the prior-year periods. Net income was $77,728 thousand for Q2 and $145,827 thousand for six months; diluted EPS were $1.85 and $3.46, respectively.
Operating highlights include operating income of $97,458 thousand for Q2, capital expenditures of $124,239 thousand for six months, and net cash provided by operations of $159,379 thousand. Long-term debt, net, increased to $1,043,374 thousand following a $100.0 million note issuance (Series 2025A and 2025B). Management reports covenant compliance as of June 30, 2025.
Notable contingencies and regulatory items disclosed: OTP filed a South Dakota rate case requesting $5.7 million (12.5%) increase; ongoing consolidated PVC antitrust class actions and a DOJ subpoena; FERC/MISO proceeding regarding transmission owner self-funding that could affect recovery of upgrade costs.