Otter Tail reports Q2 adjusted EPS $1.85, consensus $1.72

Reports Q2 revenue $128.73M vs. $112.83M last year. “We are pleased with our Q2 financial results,” said CEO Chuck MacFarlane. “During Q2, severe weather moved through Otter Tail (OTTR) Power’s service territory, resulting in significant property and infrastructure damage, as well as tree loss. Approximately 30% of our customers experienced an interruption in electric service due to the storms…Beyond our storm response, Otter Tail Power continues to perform well, executing on our significant capital investment plan and regulatory priorities…We are uplifting our 2025 diluted earnings per share guidance for the Plastics segment, increasing our consolidated guidance to a range of $6.06-$6.46 from our previous range of $5.68-$6.08. Our strategic diversification continues to serve us and our stakeholders well even as we return to more normalized levels of Plastics segment earnings, generating incremental cash for us to reinvest into our significant utility rate base growth plan. We remain confident in our ability to deliver on our investment targets, producing an EPS growth of 6%-8%.”