Otter Tail Corp
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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.
Sep 30, 2026 · Filed Nov 4, 2026
OTTR$79.86+1.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (unaudited)
| (in thousands, except share data) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and Cash Equivalents | $205,829 | $386,193 |
| Restricted Cash | 103,500 | — |
| Receivables, net of allowance for credit losses | 172,566 | 145,496 |
| Inventories | 178,145 | 158,598 |
| Investments | 1,205 | 54,311 |
| Regulatory Assets | 21,244 | 20,437 |
| Other Current Assets | 69,178 | 34,690 |
| Total Current Assets | 751,667 | 799,725 |
| Noncurrent Assets | ||
| Investments | 130,303 | 78,823 |
| Property, Plant, and Equipment, net of accumulated depreciation | 3,243,986 | 2,876,685 |
| Regulatory Assets | 91,225 | 86,062 |
| Intangible Assets, net of accumulated amortization | 3,836 | 4,642 |
| Goodwill | 37,572 | 37,572 |
| Other Noncurrent Assets | 103,547 | 80,770 |
| Total Noncurrent Assets | 3,610,469 | 3,164,554 |
| Total Assets | $4,362,136 | $3,964,279 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities | ||
| Short-Term Debt | $28,727 | $60,242 |
| Current Maturities of Long-Term Debt | 121,966 | 79,951 |
| Accounts Payable | 127,118 | 93,606 |
| Accrued Salaries and Wages | 40,549 | 35,666 |
| Accrued Taxes | 16,320 | 18,460 |
| Regulatory Liabilities | 62,510 | 16,600 |
| Other Current Liabilities | 150,239 | 46,433 |
| Total Current Liabilities | 547,429 | 350,958 |
| Noncurrent Liabilities | ||
| Pension Benefit Liability | 31,802 | 32,376 |
| Other Postretirement Benefits Liability | 32,861 | 31,813 |
| Regulatory Liabilities | 311,100 | 297,398 |
| Deferred Income Taxes | 294,639 | 305,931 |
| Deferred Tax Credits | 14,094 | 14,321 |
| Other Noncurrent Liabilities | 126,591 | 106,156 |
| Total Noncurrent Liabilities | 811,087 | 787,995 |
| Commitments and Contingencies (Note 10) | ||
| Capitalization | ||
| Long-Term Debt | 1,090,985 | 963,566 |
| Shareholders' Equity | ||
| Common Shares: 50,000,000 shares authorized, $5 par value; 41,985,580 and 41,905,520outstanding at September 30, 2026 and December 31, 2025 | 209,928 | 209,528 |
| Additional Paid-In Capital | 433,609 | 434,195 |
| Retained Earnings | 1,269,234 | 1,217,567 |
| Accumulated Other Comprehensive Income (Loss) | (136) | 470 |
| Total Shareholders' Equity | 1,912,635 | 1,861,760 |
| Total Capitalization | 3,003,620 | 2,825,326 |
| Total Liabilities and Shareholders' Equity | $4,362,136 | $3,964,279 |
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