Q2 Financial Results Exceed Expectations
Q2 financial results outpaced expectations with a focus on delivering value through strong electric and manufacturing platforms.
Increase in 2025 Earnings Guidance
Midpoint of 2025 earnings guidance increased to $6.26 from $5.88 due to better-than-anticipated performance in the Plastics segment.
Regulatory Approvals and Growth
Secured regulatory approval for two solar projects and filed a South Dakota rate case. Electric segment capital investment and rate base growth projections reaffirmed through 2029 with a 9% CAGR.
Strong Plastics Segment Performance
Despite anticipated decline, the Plastics segment exceeded expectations with an 11% increase in sales volumes and lower material input costs.
Manufacturing Expansion
Continued ramp-up of the BTD Georgia facility and progress on Vinyltech expansion expected to increase production capacity.
Strong Balance Sheet
Maintained over $300 million in cash, ensuring a strong position to deliver on growth strategy.
Low Electric Rates
Otter Tail Power continues to offer some of the lowest electric rates in the nation, 30% below the national average.