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Otter Tail (OTTR) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Otter Tail (OTTR) Q3 2026 earnings results →
Q3 2026 Revenue down 3% year over year to $317M · 19¢ of every $1 of revenue kept as net profit · operating margin 21.7%
Otter Tail made $317M in Q3 2026 (-3% Y/Y). Operating margin 21.7%, net earnings $59.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $317.2M in Q3 2026, down 3% year over year and down 5% from the previous quarter. Electric was the largest line at 43% of revenue. Plastics lost $14.2M year over year (down 13%), 163% of the total change.
Operating profit was $68.9M, a 21.7% margin (down 7.9 points year over year). Total costs grew 8% against a revenue fall of 3%. The fastest-growing cost line was Cost of revenue (+18%). Net earnings were $59.5M, down 24% year over year. The effective tax rate was 7.0%.
Operating cash flow was $125.2M (down 3% year over year), 211% of net earnings. Non-cash charges added back $30.6M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $33.9M. Capital expenditures of $126.8M exceeded it, leaving free cash flow of −$1.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $317M | -3% | 21.7% | $59.5M | $125M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $335M | +0.7% | -7.2% | −$7.6M | $112M |
| Q1 2026 | 10-Q | May 6, 2026 | $343M | +2% | 24.9% | $72.6M | $70.6M |
| Q4 2025 | 10-K | Feb 18, 2026 | $304M | +0.3% | 22.2% | $51.8M | $97.0M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $326M | -3% | 29.6% | $78.3M | $130M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $332M | -3% | 29.3% | $77.7M | $120M |
| Q1 2025 | 10-Q | May 7, 2025 | $337M | -3% | 24.9% | $68.1M | $39.5M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Otter Tail
Otter Tail Corporation (OTC) and its subsidiaries (collectively, the "Company", "us", "our" or "we") form a diverse, multi-platform business consisting of a vertically integrated, regulated utility with generation, transmission and distribution facilities complemented by manufacturing businesses providing metal fabrication for custom machine parts and metal components, manufacturing of extruded and thermoformed plastic products, and manufacturing of polyvinyl chloride (PVC) pipe products. We classify our business into three segments: Electric, Manufacturing and Plastics. Note 2 includes an additional description of the segments and financial information regarding each segment.
In its own words, from its 10-Q, filed Aug 5, 2026.
Otter Tail against its Electric Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -3% against the peers' median +13%. Operating margin: 21.7% against the peers' median 26.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| OTTR Otter Tail | Q3 2026 | $317M | -3% | 21.7% |
| Southern Power | Q3 2026 | $8.8B | +13% | 33.9% |
| NEE NextEra Energy | Q3 2026 | $8.1B | +2% | 32.4% |
| Florida Power & Light | Q2 2026 | $7.5B | +12% | 29.7% |
| CEG Constellation Energy | Q2 2026 | $7.5B | +23% | 7.7% |
| NRG NRG Energy | Q2 2026 | $7.5B | +11% | 13.0% |
| AEP Texas | Q3 2026 | $6.8B | +14% | 26.5% |
| VST Vistra | Q3 2026 | $6.3B | +28% | 26.9% |
| D Dominion Energy | Q3 2026 | $5.6B | +24% | 32.8% |
Source: Otter Tail 10-Q on SEC EDGAR · CIK 1466593 · Electric Services
Guidance and outlook
13F: who owns OTTR and who is buying
More on OTTR
- How Otter Tail makes money: revenue by segment
- Otter Tail next earnings date and what analysts expect
- Otter Tail stock forecast, price target and fair value
- Who owns Otter Tail stock: holders, funds and Congress trades
- Otter Tail guidance and outlook
- Is Otter Tail a takeover target? LBO and rumors
- Otter Tail recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results