Otter Tail Corp
For the period ended Mar 31, 2024. Filed May 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
OTTR$79.77-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
CONSOLIDATED STATEMENTS OF INCOME (unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands, except per-share amounts) | 2024 | 2023 |
| Operating Revenues | ||
| Electric | $141,488 | $151,909 |
| Product Sales | 205,580 | 187,172 |
| Total Operating Revenues | 347,068 | 339,081 |
| Operating Expenses | ||
| Electric Production Fuel | 17,694 | 11,492 |
| Electric Purchased Power | 22,521 | 41,825 |
| Electric Operating and Maintenance Expenses | 47,977 | 45,549 |
| Cost of Products Sold (excluding depreciation) | 114,723 | 112,369 |
| Nonelectric Selling, General, and Administrative Expenses | 18,914 | 18,699 |
| Depreciation and Amortization | 25,897 | 23,856 |
| Electric Property Taxes | 4,367 | 4,621 |
| Total Operating Expenses | 252,093 | 258,411 |
| Operating Income | 94,975 | 80,670 |
| Other Income and (Expense) | ||
| Interest Expense | (9,850) | (9,415) |
| Nonservice Components of Postretirement Benefits | 2,442 | 2,412 |
| Other Income (Expense), net | 4,579 | 2,118 |
| Income Before Income Taxes | 92,146 | 75,785 |
| Income Tax Expense | 17,808 | 13,304 |
| Net Income | $74,338 | $62,481 |
| Weighted-Average Common Shares Outstanding: | ||
| Basic | 41,724 | 41,632 |
| Diluted | 42,033 | 41,977 |
| Earnings Per Share: | ||
| Basic | $1.78 | $1.50 |
| Diluted | $1.77 | $1.49 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.