Filing Flows › Otter Tail (OTTR) › Q3 2026 › vs Q2 2026
Otter Tail (OTTR) Q3 2026 vs Q2 2026 (quarter over quarter)
Otter Tail's revenue fell $17.6M (-5%) from $335M in Q2 2026 to $317M in Q3 2026. The biggest changes: Revenue from contracts with customers −$13.9M (-4%). Operating margin 21.7% against -7.2% (+29.0 pts).
Otter Tail, Q3 2026: revenue $317M (-3% year over year), operating margin 21.7%, net earnings $59.5M, operating cash flow $125M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 21.7% | -7.2% | +29.0 pts |
| Net margin | 18.7% | -2.3% | +21.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Electric | $135M | $121M | $13.7M | +11% |
| Plastics | $95.8M | $125M | −$28.8M | -23% |
| Manufacturing | $89.7M | $88.5M | $1.2M | +1% |
| Revenue from contracts with customers | $321M | $334M | −$13.9M | -4% |
| Revenue | $317M | $335M | −$17.6M | -5% |
| Other revenues (net loss) | $3.3M | −$354K | $3.7M | — |
| Operating profit | $68.9M | −$24.2M | $93.1M | — |
| Costs & expenses | $248M | $359M | −$111M | -31% |
| Pre-tax earnings | $64.0M | −$28.8M | $92.7M | — |
| Other expense, net | $4.9M | $4.6M | $369K | +8% |
| Cost of revenue | $119M | $118M | $1.1M | +0.9% |
| SG&A | $20.1M | $22.2M | −$2.1M | -9% |
| Other operating costs | $109M | $218M | −$110M | -50% |
| Net earnings | $59.5M | −$7.6M | $67.1M | — |
| Income tax | $4.5M | −$21.2M | $25.7M | — |
| Depreciation & amortization | $30.6M | $30.8M | −$203K | -0.7% |
| Share-based compensation | $1.2M | $2.1M | −$937K | -44% |
| Working capital & other | $33.9M | $86.8M | −$52.8M | -61% |
| Operating cash flow | $125M | $112M | $13.1M | +12% |
| Capital expenditures | $127M | $139M | −$12.6M | -9% |
| Negative free cash flow (OCF − capex) | $1.6M | $27.4M | −$25.7M | -94% |
Questions
How much did Otter Tail's revenue grow quarter over quarter in Q3 2026?
Otter Tail's revenue fell $17.6M (-5%) from $335M in Q2 2026 to $317M in Q3 2026.
What drove Otter Tail's revenue change in Q3 2026?
Revenue from contracts with customers −$13.9M (-4%).