| Otter Tail Corporation (OTTR) Q1 2025 Earnings Call Transcript |
Otter Tail Corporation (NASDAQ:OTTR ) Q1 2025 Earnings Conference Call May 6, 2025 11:00 AM ET Company Participants Tyler Nelson – Vice President-Finance and Treasurer Chuck MacFarlane – President and Chief Executive Officer Todd Wahlund – Vice President and Chief Financial Officer Conference Call Participants Operator Good morning, and welcome to Otter Tail Corporation's First Quarter 2025 Earnings Conference Call. Today's call is being recorded. |
seekingalpha.com |
2025-05-06 20:01:44 |
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| Otter Tail Corporation Announces First Quarter Earnings and Affirms Annual Earnings Guidance |
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended March 31, 2025. SUMMARY Produced diluted earnings per share of $1.62 in the first quarter of 2025. Affirming consolidated 2025 earnings guidance range of $5.68 to $6.08. Paid quarterly dividend of $0.525 per share, a 12% increase from last year. Available liquidity of $607 million as of March 31, 2025. CEO OVERVIEW “Overall, we are pleased with our first quarter fi. |
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2025-05-05 22:00:00 |
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| Otter Tail Corporation (OTTR) Q4 2024 Earnings Call Transcript |
Otter Tail Corporation (NASDAQ:OTTR ) Q4 2024 Earnings Call February 18, 2025 11:00 AM ET Company Participants Beth Eiken - Investor Relations Chuck MacFarlane - President and Chief Executive Officer Todd Wahlund - Vice President and Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Operator Good morning, and welcome to Otter Tail Corporation's Fourth Quarter 2024 Earnings Conference Call. Today's call is being recorded. |
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2025-02-18 16:45:16 |
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| Otter Tail Corporation Announces Record Annual Earnings and Increases Long-Term Financial Targets |
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter and year ended December 31, 2024. SUMMARY Produced record earnings, with annual diluted earnings per share of $7.17. Achieved a consolidated return on equity of 19.3% on an equity ratio of 62.2%. Updated our electric utility's five-year rate base compounded annual growth rate to 9.0% from 7.7%. Increased our long-term earnings per share growth rate target to 6 to 8%. CEO. |
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2025-02-17 20:00:00 |
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| Otter Tail Corporation Increases Quarterly Dividend by 12 Percent |
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) announced today that its Board of Directors increased the company's quarterly common stock dividend to $0.525 per share. The increase brings the annual indicated dividend rate to $2.10 per share, a $0.23, or 12.3 percent, increase over the 2024 rate. “Otter Tail Corporation ended 2024 in a position of financial strength, and the double-digit increase to our dividend reflects our commitment to delivering shareholder valu. |
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2025-02-04 17:30:00 |
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| Otter Tail Corporation Will Host Conference Call on 2024 Financial Results |
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) will issue a news release announcing 2024 financial results on Monday, February 17, 2025 and will host a live conference call and webcast on Tuesday, February 18, 2025 at 10:00 a.m. CT to discuss the corporation's financial and operating performance. Accompanying slides will be posted on the corporation's website before the webcast begins. To access the live webcast, go to www.ottertail.com/events-and-presentations. Ple. |
businesswire.com |
2025-01-28 17:30:00 |
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| Otter Tail Power Company Completes Rate Review in North Dakota |
FERGUS FALLS, Minn.--(BUSINESS WIRE)--On December 30th, the North Dakota Public Service Commission (PSC) approved a $13.1 million net increase to Otter Tail Power Company's, a wholly-owned subsidiary of Otter Tail Corporation (Nasdaq: OTTR), electric service rates. While overall costs of living have increased since the company's last North Dakota rate review, filed in 2017, this average net increase of 6.18 percent keeps the company's electric service rates among the lowest in the nation. “We'r. |
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2024-12-30 19:00:00 |
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| Here's Why Otter Tail (OTTR) is Poised for a Turnaround After Losing -5.26% in 4 Weeks |
Otter Tail (OTTR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term. |
zacks.com |
2024-12-17 12:35:35 |
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| 4 Utility Stocks Ready to Continue Their Winning Streaks in 2025 |
Capital-intensive stocks like PCG, VST, NJR and OTTR are gaining on rate declines and are expected to continue strong performance in 2025, based on operational expertise. |
zacks.com |
2024-12-16 14:01:33 |
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| Otter Tail Power Company Advances Plans to Add 345 Megawatts of Solar |
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Power Company, a wholly-owned subsidiary of Otter Tail Corporation (Nasdaq: OTTR), plans to add two solar facilities to its energy generation fleet to meet customers' future energy needs. On December 9, 2024 the company requested Minnesota Public Utilities Commission determination that the costs associated with Solway Solar and Abercrombie Solar are eligible for cost recovery. “These economic solar facilities fit the requirements of our recently. |
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2024-12-09 20:00:00 |
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| Should Value Investors Buy Otter Tail (OTTR) Stock? |
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
zacks.com |
2024-12-02 17:26:35 |
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| Otter Tail Corporation (OTTR) Q3 2024 Earnings Call Transcript |
Otter Tail Corporation (NASDAQ:OTTR ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Beth Eiken – Manager-Investor Relations Chuck MacFarlane – President and Chief Executive Officer Todd Wahlund – Vice President and Chief Financial Officer Conference Call Participants Ida Wozniak - Siebert Williams Shank & Co Tate Sullivan - Maxim Group Operator Good morning, and welcome to the Otter Tail Corporation's Third Quarter 2024 Earnings Conference Call. [Operator Instructions]. |
seekingalpha.com |
2024-11-05 16:06:26 |
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| Otter Tail (OTTR) Q3 Earnings Top Estimates |
Otter Tail (OTTR) came out with quarterly earnings of $2.03 per share, beating the Zacks Consensus Estimate of $1.97 per share. This compares to earnings of $2.19 per share a year ago. |
zacks.com |
2024-11-04 22:16:09 |
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| Otter Tail Corporation Announces Third Quarter Earnings, Increases Consolidated 2024 Annual Earnings Guidance |
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended September 30, 2024. SUMMARY Midpoint of 2024 earnings guidance increased $0.15 to $7.07 per share. Diluted earnings per share decreased 7% to $2.03 per share compared to the third quarter of 2023. Return on equity of 20% over the trailing twelve months. CEO OVERVIEW “Our team members continue to perform well as they navigate changing market conditions,” said Presid. |
businesswire.com |
2024-11-04 20:00:00 |
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| Earnings Preview: Otter Tail (OTTR) Q3 Earnings Expected to Decline |
Otter Tail (OTTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-10-28 13:05:26 |
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| Otter Tail Corporation Will Host Conference Call on Third Quarter 2024 Financial Results |
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) will issue a news release announcing third quarter 2024 financial results after the stock market closes on Monday, November 4, 2024 and will host a live conference call and webcast on Tuesday, November 5, 2024 at 10:00 a.m. CT to discuss the corporation's financial and operating performance. Accompanying slides will be posted on the corporation's website before the webcast begins. To access the live webcast, go to www.o. |
businesswire.com |
2024-10-15 19:30:00 |
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| Otter Tail Corporation (OTTR) Q2 2024 Earnings Call Transcript |
Otter Tail Corporation (NASDAQ:OTTR ) Q2 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Beth Eiken – Manager-Investor Relations Chuck MacFarlane – President and Chief Executive Officer Todd Wahlund – Vice President and Chief Financial Officer Conference Call Participants Operator Good morning, and welcome to the Otter Tail Corporation's Second Quarter 2024 Earnings Conference Call. Today's call is being recorded. |
seekingalpha.com |
2024-08-06 19:56:03 |
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| Otter Tail Corporation: Currently Benefiting From Unsustainable Trends |
Otter Tail Corporation is a unique electric utility operating in rural areas of Minnesota, North Dakota, and South Dakota. The company's non-utility manufacturing operations are currently providing it with abnormally high profitability. This will probably fall off at some point. Otter Tail Corporation's financials show a strong balance sheet with low debt, reasonable valuation, and stable interest expenses compared to peers. |
seekingalpha.com |
2024-07-23 09:28:00 |
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| Otter Tail Corporation Will Host Conference Call on Second Quarter 2024 Financial Results |
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) will issue a news release announcing second quarter 2024 financial results after the stock market closes on Monday, August 5, 2024 and will host a live conference call and webcast on Tuesday, August 6, 2024 at 10:00 a.m. CT to discuss the corporation's financial and operating performance. Accompanying slides will be posted on the corporation's website before the webcast begins. To access the live webcast, go to www.otte. |
businesswire.com |
2024-07-16 19:30:00 |
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| Otter Tail Power Company receives Minnesota Public Utilities Commission approval on Integrated Resource Plan |
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Yesterday the Minnesota Public Utilities Commission (MPUC) approved Otter Tail Power's, a wholly-owned subsidiary of Otter Tail Corporation (Nasdaq: OTTR), resource plan containing many elements of the settlement between Otter Tail Power and other parties filed April 2, 2024, in the company's 2022-2036 Integrated Resource Plan docket. The MPUC decision: Allows Otter Tail Power to retain the reliability benefits of Coyote Station while running the portion of. |
businesswire.com |
2024-05-31 15:00:00 |
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| Charles Schwab Investment Management Inc. Sells 10,160 Shares of Otter Tail Co. (NASDAQ:OTTR) |
Charles Schwab Investment Management Inc. decreased its holdings in Otter Tail Co. (NASDAQ:OTTR – Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 498,689 shares of the utilities provider’s stock after selling 10,160 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.20% of Otter Tail worth $42,374,000 at the end of the most recent quarter. A number of other hedge funds have also added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in shares of Otter Tail in the third quarter valued at approximately $58,000. GAMMA Investing LLC bought a new stake in shares of Otter Tail in the 4th quarter worth $62,000. Blue Trust Inc. grew its stake in shares of Otter Tail by 53.9% in the 4th quarter. Blue Trust Inc. now owns 1,034 shares of the utilities provider’s stock worth $88,000 after acquiring an additional 362 shares in the last quarter. Financial Perspectives Inc bought a new position in shares of Otter Tail during the fourth quarter valued at about $88,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Otter Tail during the fourth quarter worth about $130,000. Institutional investors and hedge funds own 61.32% of the company’s stock. Otter Tail Trading Down 0.1 % Shares of OTTR stock opened at $92.16 on Monday. Otter Tail Co. has a 52-week low of $68.96 and a 52-week high of $99.49. The company has a 50-day simple moving average of $85.53 and a two-hundred day simple moving average of $84.62. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 12.66 and a beta of 0.56. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.21 and a current ratio of 2.92. Otter Tail Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a dividend of $0.468 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Tuesday, May 14th. Otter Tail’s payout ratio is 25.69%. Otter Tail Company Profile (Free Report) Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. It operates through three segments: Electric, Manufacturing, and Plastics. The Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator markets. See Also Five stocks we like better than Otter Tail Insider Trades May Not Tell You What You Think MarketBeat Week in Review – 5/13 – 5/17 Investing in large cap stocks: Diving into big caps Take-Two Interactive Software Offers 2nd Chance for Investors High Flyers: 3 Natural Gas Stocks for March 2022 Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding OTTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Otter Tail Co. (NASDAQ:OTTR – Free Report). |
https://www.defenseworld.net |
2024-05-20 09:08:41 |
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| Otter Tail Corporation Announces First Quarter Earnings and Increases 2024 Annual Earnings Guidance |
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended March 31, 2024. SUMMARY Diluted earnings per share increased 19% to $1.77 per share compared to the first quarter of 2023. Midpoint of 2024 earnings guidance increased 21% to $6.38 per share. Return on equity of 22% over the trailing twelve months. CEO OVERVIEW “We are pleased with our overall first quarter financial results,” said President and CEO Chuck MacFarlan. |
businesswire.com |
2024-05-06 22:00:00 |
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| Otter Tail Corporation Declares Quarterly Dividend |
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) announced today the Board of Directors declared a quarterly common stock dividend of $0.4675 per share. The dividend is payable on June 10, 2024 to shareholders of record May 15, 2024. The corporation will issue a news release announcing first quarter 2024 financial results after the stock market closes on Monday, May 6, 2024 and has scheduled an earnings call for Tuesday, May 7, 2024 at 10:00 am CT. About Otter Tail Co. |
businesswire.com |
2024-05-03 19:30:00 |
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| Otter Tail Corporation Will Host Conference Call on First Quarter 2024 Financial Results |
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) will issue a news release announcing first quarter 2024 financial results after the stock market closes on Monday, May 6, 2024 and will host a live conference call and webcast on Tuesday, May 7, 2024 at 10:00 a.m. CT to discuss the corporation's financial and operating performance. Accompanying slides will be posted on the corporation's website before the webcast begins. To access the live webcast, go to www.ottertail.c. |
businesswire.com |
2024-04-16 19:30:00 |
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| Otter Tail Corporation (OTTR) Q4 2023 Earnings Call Transcript |
Otter Tail Corporation (OTTR) Q4 2023 Earnings Call Transcript |
seekingalpha.com |
2024-02-13 16:29:05 |
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| Otter Tail Corporation Announces Record Annual Earnings, Increases Quarterly Dividend, and Announces 2024 Earnings Guidance |
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter and year ended December 31, 2023. 2023 SUMMARY (in millions, except per share amounts) Q4 2023 Q4 2022 2023 2022 Operating Revenues $ 314.3 $ 301.4 $ 1,349.2 $ 1,460.2 Net Income $ 57.8 $ 42.0 $ 294.2 $ 284.2 Diluted Earnings Per Share $ 1.37 $ 1.00 $ 7.00 $ 6.78 Compared to the year ended December 31, 2022: Consolidated operating revenues dec. |
businesswire.com |
2024-02-12 20:00:00 |
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