Filing Flows › Otter Tail (OTTR) › Q1 2026
Otter Tail (OTTR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Otter Tail (OTTR) reported revenue of $343M for the first quarter 2026 (Q1 2026), +2% from a year earlier and +13% from the quarter before. Operating margin was 24.9%, net earnings $72.6M (21.2% of revenue).
Otter Tail, Q1 2026: revenue $343M (+2% year over year), operating margin 24.9%, net earnings $72.6M, operating cash flow $70.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $343M | +13% | +2% |
| Operating profit | $85.2M | +26% | +1% |
| Net earnings | $72.6M | +40% | +7% |
| Operating cash flow | $70.6M | -27% | +79% |
What changed
Revenue was $342.9M in Q1 2026, up 2% year over year and up 13% from the previous quarter. Electric was the largest line at 48% of revenue. Electric added $16.1M year over year (up 11%), 292% of the total change. Plastics declined 14%.
Operating profit was $85.2M, a 24.9% margin (unchanged year over year). Of the extra revenue versus Q1 2025, 22% reached operating profit, below the 25% margin then. Total costs grew 2% against revenue growth of 2%. Net earnings were $72.6M, up 7% year over year. The effective tax rate was 6.3%.
Operating cash flow was $70.6M (up 79% year over year), 97% of net earnings. Non-cash charges added back $30.0M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items used $38.4M. Capital expenditures of $185.3M exceeded it, leaving free cash flow of −$114.7M.
Questions
What was Otter Tail's revenue in the first quarter 2026?
Otter Tail (OTTR) reported revenue of $343M for the first quarter 2026 (Q1 2026), +2% from a year earlier and +13% from the quarter before.
Was Otter Tail profitable in the first quarter 2026?
Operating profit was $85.2M (24.9% of revenue) and net earnings $72.6M.
Source: Otter Tail 10-Q on SEC EDGAR.