OTTR Otter Tail Corp

FY2025 10-K
Filed: Feb 18, 2026
Utilities
Electric ServicesSEC EDGAR

Otter Tail Corp (OTTR) filed its fiscal year 2025 10-K annual report with the SEC on Feb 18, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business model: Diversified holding company with primary electric utility (Otter Tail Power) plus manufacturing and plastic pipe segments
  • New emphasized projects: $450-$500M Bison-Hankinson-Big Stone South 345 kV transmission line, Solway Solar 50 MW solar (operational ~2027), Abercrombie Solar 295 MW (operational ~2028), Hoot Lake 75 MW battery storage (operational ~2028)
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Management Discussion & Analysis

  • Revenue $1.304B in 2025, down 2.0% YoY ($26.5M decrease) driven by Plastics price declines and Manufacturing volume drops
  • Operating margin 26.5% in 2025 vs 28.6% in 2024; Electric segment margin 21.5% vs 21.7%, Manufacturing 5.4% vs 5.6%, Plastics 54.6% vs 58.6%
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Risk Factors

  • Regulatory risk from North Dakota Public Service Commission opposition to cost recovery for MISO Tranche 2.1 renewable projects, impacting capital investment opportunities
  • Supply chain vulnerability to Gulf Coast hurricane disruptions affecting PVC resin supply, critical for Plastics segment
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Financial Summary
XBRL

Revenue

$1.3B

Net Income

$276M

Operating Margin

26.5%

Net Margin

21.2%

ROE

14.8%

Total Assets

$4.0B

EPS (Diluted)

$6.55

Operating Cash Flow

$386M

Source: XBRL data from Otter Tail Corp FY2025 10-K filing on SEC EDGAR. All figures in USD.

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