OTTER TAIL CORP. overview

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 value,” said President and CEO Chuck...

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 . Please allow time prior to the call...

On December 30 th , 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’re committed to providing...

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 approved Minnesota Integrated...

Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended June 30, 2023. SUMMARY Compared to the quarter ended June 30, 2022: Consolidated operating revenues decreased 16% to $338 million. Consolidated net income decreased 5% to $82 million. Diluted earnings per share decreased 5% to $1.95 per share. CEO OVERVIEW “We are pleased with our second quarter financial results,” said President and CEO Chuck MacFarlane, “with our employees continuing to adapt to...

Otter Tail Corporation (Nasdaq: OTTR) will issue a news release announcing second quarter 2023 financial results after the stock market closes on Monday, July 31, 2023 and will host a live conference call and webcast on Tuesday, August 1, 2023 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/presentations . Please...

Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended March 31, 2023. SUMMARY Compared to the quarter ended March 31, 2022: Consolidated operating revenues decreased 10% to $339 million. Consolidated net income decreased 13% to $62 million. Diluted earnings per share decreased 13% to $1.49 per share. CEO OVERVIEW “We are pleased with our first quarter financial results,” said President and CEO Chuck MacFarlane, “as our employees continue to perform...

Otter Tail Corporation (Nasdaq: OTTR) will issue a news release announcing first quarter 2023 financial results after the stock market closes on Monday, May 1, 2023 and will host a live conference call and webcast on Tuesday, May 2, 2023 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/presentations . Please allow...