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Otter Tail OTTR Electric — Net Income

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Other financials

Income statement

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Revenue$334.4M+0.6%
Gross profit$216.0M-4.6%
Operating income-$24.2M-125%
Net income-$7.6M-110%
EPS (diluted)-$0.18-110%

Balance sheet

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Cash & equivalents$351.9M+14.5%
Total debt$1.2B+13.7%
Total equity$1.9B+5.8%
Total assets$4.3B+14.0%

Cash flow

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Operating cash flow$112.1M-6.5%
CapEx$139.5M+111%
Free cash flow-$27.4M-151%

Valuation

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Market cap$3.91B+18.6%
Enterprise value$4.74B+17.7%
P/E22.2×+9.5×
P/S+0.5×

Profitability

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Gross margin68.1%-0.4pp
Operating margin17.2%-10.0pp
Net margin13.4%-6.4pp
FCF margin-6%-12.2pp

Returns & leverage

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Return on equity9.7%-5.9pp
Debt / equity0.6×0.0×
Current ratio1.7×-1.6×

Where this comes from

Reported directly by Otter Tail in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: Otter Tail’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 12:58 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001466593-26-000071
(in thousands)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Operating and Maintenance Expenses54,69246,804104,94895,685
Depreciation and Amortization24,22322,27847,66944,655
Property Taxes5,1214,2279,5838,455
Interest Expense11,99010,82223,72621,479
Income Tax Benefit(13,104)(4,469)(18,286)(8,477)
Other Segment Items(1)(4,183)(1,915)(6,067)(4,229)
Net Income$18,698$19,195$53,948$43,903
(1) Other segment items include nonservice components of postretirement benefits, allowance for funds used during construction and other expenses (income).

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Otter Tail's electric — net income?
Otter Tail (OTTR) reported electric — net income of $18.7M in Q2 2026.
How has Otter Tail's electric — net income changed year-over-year?
Otter Tail's electric — net income decreased by 2.6% year-over-year, from $19.2M to $18.7M.
What is the long-term trend for Otter Tail's electric — net income?
Over 4 years (2021 to 2025), Otter Tail's electric — net income has grown at a 7.7% compound annual growth rate (CAGR), from $72.46M to $97.59M.
What does electric — net income mean?
This metric represents the final profitability of the electric segment after accounting for all operating expenses, taxes, interest, and non-operating items. It is the primary measure of the segment's financial success and its contribution to the overall corporate earnings. Consistent growth in this metric is a key indicator of effective rate management and operational efficiency.

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