Otter Tail Corp
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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.
Sep 30, 2026 · Filed Nov 4, 2026
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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands, except per-share amounts) | 2026 | 2025 | 2026 | 2025 |
| Operating Revenues | ||||
| Electric | $134,979 | $138,597 | $422,167 | $417,048 |
| Product Sales | 185,534 | 186,966 | 579,755 | 578,911 |
| Total Operating Revenues | 320,513 | 325,563 | 1,001,922 | 995,959 |
| Operating Expenses | ||||
| Electric Production Fuel | 21,114 | 25,442 | 52,499 | 56,055 |
| Electric Purchased Power | 5,539 | 9,495 | 45,821 | 55,862 |
| Electric Operating and Maintenance Expenses | 50,174 | 41,144 | 155,123 | 136,830 |
| Cost of Products Sold (excluding depreciation) | 119,465 | 101,198 | 345,411 | 311,551 |
| Nonelectric Selling, General, and Administrative Expenses | 20,067 | 17,792 | 64,007 | 56,434 |
| Depreciation and Amortization | 30,608 | 29,554 | 91,398 | 88,376 |
| Electric Property Taxes | 4,649 | 4,333 | 14,232 | 12,788 |
| Legal Settlement Expenses | — | — | 103,500 | — |
| Total Operating Expenses | 251,616 | 228,958 | 871,991 | 717,896 |
| Operating Income | 68,897 | 96,605 | 129,931 | 278,063 |
| Other Income and (Expense) | ||||
| Interest Expense | (13,141) | (11,790) | (38,667) | (35,063) |
| Nonservice Components of Postretirement Benefits | 668 | 304 | 2,161 | 2,441 |
| Other Income (Expense), net | 7,542 | 5,990 | 19,262 | 15,231 |
| Income Before Income Taxes | 63,966 | 91,109 | 112,687 | 260,672 |
| Income Tax Expense (Benefit) | 4,503 | 12,817 | (11,777) | 36,553 |
| Net Income | $59,463 | $78,292 | $124,464 | $224,119 |
| Weighted-Average Common Shares Outstanding: | ||||
| Basic | 41,959 | 41,877 | 41,939 | 41,859 |
| Diluted | 42,168 | 42,138 | 42,123 | 42,106 |
| Earnings Per Share: | ||||
| Basic | $1.42 | $1.87 | $2.97 | $5.35 |
| Diluted | $1.41 | $1.86 | $2.95 | $5.32 |
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