--- title: "Otter Tail | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 347.03 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285214856.md" datetime: "2026-05-05T13:17:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285214856.md) - [en](https://longbridge.com/en/news/285214856.md) - [zh-HK](https://longbridge.com/zh-HK/news/285214856.md) --- # Otter Tail | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 347.03 M Revenue: As of FY2026 Q1, the actual value is USD 347.03 M, beating the estimate of USD 339.1 M. EPS: As of FY2026 Q1, the actual value is USD 1.73, beating the estimate of USD 1.42. EBIT: As of FY2026 Q1, the actual value is USD 97.87 M. ### Overall Financial Performance Otter Tail Corporation reported diluted earnings per share of $1.73 in the first quarter of 2026, with a return on equity of 15% over the trailing twelve months. ### Cash Flow and Liquidity #### Operating Activities Consolidated cash provided by operating activities for the three months ended March 31, 2026, was $70.6 million, an increase from $39.5 million for the same period in 2025. #### Investing Activities Investing activities for the three months ended March 31, 2026, included capital expenditures of $185.3 million, primarily within the Electric segment. #### Financing Activities Financing activities during the first quarter of 2026 included the issuance of $100.0 million of long-term debt by Otter Tail Power, net short-term borrowings totaling $7.7 million, and dividend payments of $24.3 million. #### Liquidity As of March 31, 2026, Otter Tail Corporation had $170.0 million and $140.5 million of available liquidity under its Otter Tail Corporation and Otter Tail Power credit facilities, respectively, along with $348.4 million in available cash and cash equivalents, resulting in total available liquidity of $658.9 million. ### Quarterly Dividend On May 4, 2026, the Board of Directors declared a quarterly common stock dividend of $0.5775 per share, payable on June 10, 2026, to shareholders of record on May 15, 2026. ### Segment Performance (Three Months Ended March 31) #### Electric Segment - **Operating Revenues**: $165,870 thousand in 2026, up from $149,720 thousand in 2025, representing a 10.8% increase. - **Net Income**: $35,250 thousand in 2026, compared to $24,708 thousand in 2025, a 42.7% increase. - **Operating Income**: $39,922 thousand in 2026, up from $29,043 thousand in 2025. - **Retail MWh Sales**: 1,715,724 in 2026, an increase of 2.6% from 1,673,004 in 2025. - **Heating Degree Days**: 3,155 in 2026, a decrease of 8.6% from 3,451 in 2025. - **Effect on Diluted Earnings Per Share**: The difference in retail kilowatt-hour sales under actual weather conditions resulted in a -$0.05 impact on diluted EPS for 2026 compared to normal, and -$0.05 compared to 2025. #### Manufacturing Segment - **Operating Revenues**: $89,559 thousand in 2026, up from $81,685 thousand in 2025, a 9.6% increase. - **Net Income**: $4,283 thousand in 2026, significantly up from $1,532 thousand in 2025, a 179.6% increase. - **Operating Income**: $6,129 thousand in 2026, up from $2,426 thousand in 2025. #### Plastics Segment - **Operating Revenues**: $91,597 thousand in 2026, down from $105,948 thousand in 2025, a -13.5% decrease. - **Net Income**: $32,940 thousand in 2026, down from $43,439 thousand in 2025, a -24.2% decrease. - **Operating Income**: $44,703 thousand in 2026, down from $58,876 thousand in 2025. - **Operational Metric**: Completed the second phase of the Vinyltech expansion project, adding 15% additional production capacity and increasing manufacturing space and raw material storage capabilities. #### Corporate - **Net Income (Loss)**: Reported net income of $137 thousand in 2026, an improvement from a net loss of -$1,580 thousand in 2025. - **Operating Income (Loss)**: Operating loss was -$5,517 thousand in 2026, an improvement from -$6,346 thousand in 2025. ### Outlook / Guidance Otter Tail Corporation affirmed its 2026 diluted earnings per share guidance range of $5.22 to $5.62. The company expects the 2026 earnings mix to be approximately 49% from the Electric segment and 51% from the Manufacturing and Plastics segments, net of corporate costs. This deviates from the long-term expected earnings mix of 70% Electric and 30% Non-Electric, as Plastics segment earnings are expected to remain elevated in 2026. ### Related Stocks - [OTTR.US](https://longbridge.com/en/quote/OTTR.US.md) ## Related News & Research - [Otter Tail files 2026 IRP proposing 150 MW additions and major renewables buildout](https://longbridge.com/en/news/286599978.md) - [Otter Tail Power Company Files 15-Year Resource Plan with Minnesota Regulators | OTTR Stock News](https://longbridge.com/en/news/286595856.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [GDEV announces results for the first quarter of 2026 | GDEV Stock News](https://longbridge.com/en/news/286909689.md)