Every material Form 8-K Otter Tail filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Otter Tail Corporation appointed Christopher B. Clark and Steve P. Rasche to its Board of Directors, effective January 1, 2026. Director Steve Fritze will retire at the 2026 Annual Meeting of Shareholders, having reached the company's director retirement age. The filing describes board changes only and contains no financial results or guidance.
Christopher B. Clark, retired 2023 as President of Xcel Energy's Northern States Power Company, joins the Audit and Corporate Governance committees.
Steve P. Rasche, retired 2025 as CFO of Spire Inc., joins the Audit and Compensation and Human Capital Management committees.
Steve L. Fritze, a director since 2013, will retire at the April 2026 Annual Meeting of Shareholders.
Each new director receives an $80,000 annual retainer, $10,500 per committee, and restricted stock grants of about $130,000 annually plus about $32,500 for the partial year.
Otter Tail Corporation reported third-quarter 2025 diluted EPS of $1.86, down from $2.03 a year earlier, and net income of $78.3 million versus $85.5 million, as Plastics net income fell $11.0 million on lower sales prices. The company nonetheless raised its 2025 diluted EPS guidance to $6.32-$6.62 from $6.06-$6.46, and it introduced a five-year capital plan totaling $1.9 billion for its electric utility.
Q3 2025 total operating revenues were $325.6 million versus $338.0 million, and diluted EPS was $1.86 versus $2.03.
2025 diluted EPS guidance midpoint rose $0.21 to $6.47, with the range now $6.32-$6.62.
Board declared a quarterly dividend of $0.525 per share, payable December 10, 2025 to holders of record on November 14, 2025.
In October, Otter Tail Power requested a Minnesota rate increase of about $44.8 million, or 17.7%.
Otter Tail reported second-quarter 2025 diluted EPS of $1.85, down from $2.07 a year earlier, on revenue of $333.0 million versus $342.3 million. The company raised its 2025 diluted EPS guidance to $6.06 to $6.46 from $5.68 to $6.08, driven by a higher outlook for its Plastics segment, so shareholders face weaker recent quarterly results alongside a higher annual earnings outlook.
Q2 2025 diluted EPS was $1.85 versus $2.07 in Q2 2024; net income was $77.7 million versus $87.0 million.
2025 diluted EPS guidance rose to $6.06 to $6.46 from $5.68 to $6.08, with the Plastics segment guidance raised to $3.64 to $3.88.
Manufacturing net income fell 49.1% to $3.5 million and Plastics net income fell 12.4% to $53.1 million in the quarter.
Board declared a quarterly dividend of $0.525 per share, payable September 10, 2025 to holders of record on August 15, 2025.
Otter Tail Corporation reported first-quarter 2025 diluted earnings per share of $1.62, down from $1.77 a year earlier, with net income of $68.1 million compared with $74.3 million. Total operating revenues fell to $337.4 million from $347.1 million, led by a 17.8% drop in Manufacturing segment revenue. The company affirmed its 2025 diluted EPS guidance of $5.68 to $6.08, which holds the outlook steady for shareholders, and declared a $0.525 quarterly dividend.
Diluted EPS of $1.62 vs. $1.77 a year earlier; net income of $68.1 million vs. $74.3 million
Total operating revenues of $337.4 million vs. $347.1 million; Manufacturing revenue down 17.8% to $81.7 million
2025 diluted EPS guidance of $5.68 to $6.08 affirmed; return on equity range 13.8% to 14.6%
Quarterly dividend of $0.525 per share, payable June 10, 2025 to holders of record May 15, 2025
Otter Tail Power Company, a subsidiary of Otter Tail Corporation, entered a Note Purchase Agreement on March 27, 2025, issuing $100 million of senior unsecured notes in a private placement. The company plans to use the proceeds for capital expenditures, refinancing existing debt and general corporate purposes, which adds to the subsidiary's debt load and comes with covenants limiting debt to 65% of total capitalization.
Series 2025A: $50 million, 5.49% notes due March 27, 2035, issued March 27, 2025
Series 2025B: $50 million, 5.98% notes due June 5, 2055, expected to be issued June 5, 2025, subject to closing conditions
Covenants cap Interest-bearing Debt at 65% of Total Capitalization and Priority Indebtedness at 20%, tested each fiscal quarter
Filing dated March 31, 2025, signed by CFO Todd R. Wahlund
Otter Tail reported 2024 diluted EPS of $7.17, up from $7.00 in 2023, on net income of $301.7 million, while full-year operating revenues fell to $1.33 billion from $1.35 billion. The company's 2025 diluted EPS guidance of $5.68 to $6.08 is below 2024 actual results, with declines expected in the Plastics and Manufacturing segments, which matters to shareholders for near-term earnings expectations.
2024 diluted EPS was $7.17 versus $7.00 in 2023; fourth-quarter diluted EPS was $1.30 versus $1.37.
2025 diluted EPS guidance is $5.68 to $6.08, with Plastics expected to decline 29% and Manufacturing expected to decline 27%.
Electric segment earnings are expected to rise 7% in 2025, based on an average rate base increase of 12%.
Long-term EPS growth target was raised to 6 to 8% from 5 to 7%; five-year capital spending plan totals $1.4 billion for the Electric segment.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Otter Tail filing is on SEC EDGAR ↗. 8-K briefs of other companies →