Flash FinanceUS
Market open S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Otter Tail (OTTR)

Otter Tail Q2 loss on $103.5 million settlement; cuts 2026 EPS guidance

Mixed Impact 4 of 5 earnings Written later

Otter Tail reported a second-quarter 2026 net loss of $7.6 million, or $0.18 per diluted share, after recording a $103.5 million pre-tax legal settlement expense tied to PVC pipe antitrust class actions. Total operating revenues were $334.4 million, roughly flat with $333.0 million a year earlier, while the company cut its 2026 GAAP diluted EPS guidance to $3.84 to $4.24 from $5.22 to $5.62 and initiated an adjusted range of $5.68 to $6.08. The settlements remain subject to final court approval.

Key points

  • Q2 2026 net loss of $7.6 million, or $0.18 per diluted share, versus net income of $77.7 million in Q2 2025.
  • Adjusted diluted EPS of $1.66 for Q2 2026 excludes the after-tax impact of the $103.5 million legal settlement expense.
  • GAAP 2026 diluted EPS guidance lowered to $3.84 to $4.24 from $5.22 to $5.62; adjusted guidance initiated at $5.68 to $6.08.
  • Quarterly dividend of $0.5775 per share declared August 3, 2026, payable September 10, 2026 to holders of record August 14, 2026.

The filing

CompanyOtter Tail (OTTR)
Form8-K, current report
Filed with the SECAug 4, 2026, 8:29 AM ET
Accession number0001466593-26-000068

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.