Otter Tail Corporation Reports Q2 EPS of $1.85, Raises 2025 EPS Guidance by $0.38; Operating Revenues Up $15.9 Million, Net Income Increases $0.7 Million

Reuters
Aug 05
Otter Tail Corporation Reports <a href="https://laohu8.com/S/QTWO">Q2</a> EPS of $1.85, Raises 2025 EPS Guidance by $0.38; Operating Revenues Up $15.9 Million, Net Income Increases $0.7 Million

Otter Tail Corporation has reported its financial results for the second quarter ending June 30, 2025. The company achieved diluted earnings per share of $1.85, reflecting a strong performance amidst dynamic market conditions. Operating revenues increased by $15.9 million, primarily driven by higher fuel recovery and rider revenues, as well as favorable weather conditions compared to the previous year. The rise in fuel recovery revenue was mainly due to increased natural gas prices and market energy costs, while rider revenue benefited from investments in wind repowering projects. Net income saw a modest increase of $0.7 million, attributed to the revenue growth, although offset by higher operating and maintenance expenses, including planned outage costs at Coyote Station, along with increased depreciation and interest expenses linked to the rate base construction. The electric segment experienced a 14.1% rise in operating revenues to $128.7 million, and net income grew by $0.7 million, reaching $19.2 million. Retail MWh sales also increased by 1.7%. However, the manufacturing segment faced challenges with decreased sales volumes due to soft end-market demand and inventory management efforts, alongside a 7% reduction in steel costs impacting operating revenues. Consequently, net income in this segment dropped by $3.4 million. Looking ahead, Otter Tail Corporation has increased its 2025 earnings per share guidance midpoint by $0.38 to $6.26 per share, underscoring confidence in its strategic initiatives and continued value delivery amidst evolving market conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Otter Tail Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250804388376) on August 04, 2025, and is solely responsible for the information contained therein.

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