Otter Tail stock narrows 2026 EPS outlook after Q3 results

Otter Tail Corporation reported third-quarter results on November 2, 2026, and retained the midpoint of its annual earnings outlook despite weaker Plastics performance. The company said diluted earnings per share fell to 1.41 US dollars from 1.86 US dollars a year earlier. The figures and outlook were published in the Otter Tail Corporation release.

Guidance holds as plastics weaken

Third-quarter operating revenue was 320.513 million US dollars, compared with 325.563 million US dollars in the prior-year period. Plastics revenue declined 12.9 percent as average selling prices fell 9 percent and volumes decreased 5 percent. Plastics net income dropped 33.4 percent, while Manufacturing revenue increased 16.6 percent but its net income declined because of higher selling, general and administrative expenses and lower margins.

The Electric segment remained comparatively stable. Revenue decreased 2.6 percent, while net income edged up 0.4 percent as rate increases, rate-base investment recovery and favorable weather offset higher operating costs, depreciation and interest expense.

Dividend sets the next date

Otter Tail narrowed its 2026 GAAP diluted earnings-per-share guidance to 3.89 to 4.19 US dollars and adjusted guidance to 5.73 to 6.03 US dollars. The adjusted range excludes a 1.84 US dollar per-share adjustment related to legal settlement expenses recorded during the first nine months.

The board declared a quarterly dividend of 0.5775 US dollars per share on November 2. The payment is scheduled for December 10, with November 13 as the record date. For investors, the next focus is execution in the Electric segment and whether Plastics pricing and volumes stabilize.

Late-session trading snapshot

Otter Tail stock traded at 68.75 euros on Lang & Schwarz at 11:00 p.m. CET on Wednesday, November 11. The quote reflects the late-session European trading snapshot and is not used to infer a broader market move.

Business rests on utility foundation

Otter Tail Corporation builds its portfolio around an electric utility and manufacturing platforms. Its businesses include regulated electric operations as well as Manufacturing and Plastics activities serving customers in the United States. The company describes diversification, operational execution and growth of its utility platform as central parts of its strategy, with corporate offices in Fergus Falls, Minnesota, and Fargo, North Dakota, according to its company profile.

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