The strong Q1 beat is partially offset by reaffirmed guidance that implies $3.49-$3.89 EPS in remaining three quarters — a sharp deceleration from the $1.73 Q1 run rate. Watch for commentary on the May 5 earnings call regarding Plastics pricing trajectory and whether the guidance range is conservative or reflects real H2 headwinds. The 14% Electric rate base growth supports the utility segment but Plastics remains the swing factor.
Price Chart
Executive Summary
Otter Tail reported Q1 2026 EPS of $1.73, a 21.8% beat vs consensus of $1.42, on revenue of $347.0M vs $339.1M consensus. The beat was driven by strong Electric segment earnings (+42.7% YoY) and a Manufacturing turnaround, partially offset by continued Plastics headwinds. Management affirmed full-year 2026 EPS guidance of $5.22-$5.62, which implies a significant H2 slowdown from the $1.73 Q1 run rate.
Key Financial Metrics
Key Facts
- Q1 2026 diluted EPS of $1.73 vs consensus $1.42 (beat by 21.8%)
- Q1 2026 revenue of $347.0M vs consensus $339.1M (beat by 2.3%)
- Electric segment net income rose 42.7% YoY to $35.3M on 10.8% revenue growth
- Plastics segment net income fell 24.2% YoY to $32.9M on 13.5% lower revenue
- Full-year 2026 EPS guidance reaffirmed at $5.22-$5.62, unchanged from prior
- Quarterly dividend declared at $0.5775 per share, payable June 10, 2026
- Operating cash flow improved to $70.6M from $39.5M in Q1 2025
Financial Impact
EPS beat of $0.31 (21.8%) vs consensus; revenue beat of $7.9M (2.3%)
Risk Factors
- Plastics segment revenue down 13.5% YoY with 19% lower average selling prices
- Full-year guidance implies significant EPS decline from $6.55 in 2025 to $5.22-$5.62
- Capital expenditures surged to $185.3M in Q1 vs $58.0M a year ago, pressuring free cash flow
- Weather was unfavorable vs normal, reducing EPS by $0.05 in the quarter
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001466593-26-000049 |
| Document: ottr-20260504.htm | 0001466593-26-000049 |
| Document: 0001466593-26-000049-index-headers.html | 0001466593-26-000049 |
| Document: 0001466593-26-000049-index.html | 0001466593-26-000049 |
| Document: 0001466593-26-000049.txt | 0001466593-26-000049 |
| 8-K Data (Synthetic) | 0001466593-26-000049 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 7w ago | 8-K | $89.59 $88.04 | ▼ −1.73% | ▼ −2.05% | $90.07 (+0.54%) |
Aug 4, 2026 11w ago | 8-K | $92.82 $89.59 | ▲ +3.48% | ▲ +2.24% | $90.07 (+2.96%) |
Jun 18, 2026 18w ago | 8-K | $87.50 $93.26 | ▼ −6.58% | ▼ −6.05% | $90.07 (−2.94%) |
Jun 5, 2026 20w ago | 8-K | $86.77 $90.49 | ▲ +4.29% | ▲ +2.43% | $90.07 (+3.80%) |
May 29, 2026 21w ago | 8-K | $86.66 $88.87 | ▲ +2.55% | ▲ +4.34% | $90.07 (+3.93%) |
May 15, 2026 23w ago | 8-K | $87.80 $89.59 | ▲ +2.04% | ▼ −0.08% | $90.07 (+2.59%) |
May 5, 2026 24w ago | 8-K | $88.74 $85.80 | ▼ −3.31% | ▼ −8.27% | $90.07 (+1.50%) |
Apr 14, 2026 27w ago | 8-K | $88.33 $88.29 | ▼ −0.05% | ▼ −6.34% | $90.07 (+1.97%) |
Mar 2, 2026 34w ago | DEFA14A | $85.70 $85.73 | ▲ +0.04% | ▲ +7.97% | $90.07 (+5.10%) |
US Market Status
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