Otter Tail Corp

For the period ended Dec 31, 2024. Filed Feb 19, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 19, 2025

OTTR$79.77-0.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income

	Years Ended December 31,
(in thousands, except per-share amounts)	2024	2023	2022
Operating Revenues
Electric	$524,515	$528,359	$549,699
Product Sales	806,033	820,807	910,510
Total Operating Revenues	1,330,548	1,349,166	1,460,209
Operating Expenses
Electric Production Fuel	60,945	60,339	65,110
Electric Purchased Power	61,561	78,292	100,281
Electric Operating and Maintenance Expenses	190,422	191,263	181,378
Cost of Products Sold (excluding depreciation)	434,522	454,122	542,944
Nonelectric Selling, General, and Administrative Expenses	80,065	72,663	69,718
Depreciation and Amortization	107,121	97,954	92,597
Electric Property Taxes	15,662	16,614	17,742
Total Operating Expenses	950,298	971,247	1,069,770
Operating Income	380,250	377,919	390,439
Other Income and (Expense)
Interest Expense	(41,815)	(37,677)	(36,016)
Nonservice Cost Components of Postretirement Benefits	9,609	10,597	1,075
Other Income (Expense), net	18,848	12,650	2,037
Income Before Income Taxes	366,892	363,489	357,535
Income Tax Expense	65,230	69,298	73,351
Net Income	$301,662	$294,191	$284,184
Weighted-Average Common Shares Outstanding:
Basic	41,778	41,668	41,586
Diluted	42,072	42,039	41,931
Earnings Per Share:
Basic	$7.22	$7.06	$6.83
Diluted	$7.17	$7.00	$6.78

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.