0001466593-26-000008
SEC filingOtter Tail Corporation reported strong financial performance for fiscal year 2025, ending December 31, 2025. The company generated total operating revenues of $1.30 billion, with operating income of $345.7 million and net income of $275.9 million. Earnings per share were $7.00 on both basic and diluted bases. The company maintained robust cash flow from operations of $386.0 million, which supported capital expenditures of $288.1 million and dividend payments of $88.1 million. The balance sheet shows total assets of $3.96 billion, with shareholders' equity of $1.86 billion and total capitalization of $2.83 billion. The company's liquidity position remained strong with cash and cash equivalents of $386.2 million at year-end. No prior year comparison figures are provided in the source data for year-over-year analysis.
Otter Tail Corporation reported solid financial results for fiscal year 2025. The company achieved total operating revenues of $1.30 billion, with operating income of $345.7 million and net income of $275.9 million. Earnings per share were $7.00 on both basic and diluted bases. The company's operating margin was 26.6%, calculated from operating income of $345.7 million divided by total operating revenues of $1.30 billion. Operating expenses totaled $958.4 million, consisting of electric production fuel ($75.0 million), electric purchased power ($78.7 million), electric operating and maintenance expenses ($184.3 million), cost of products sold excluding depreciation ($402.7 million), nonelectric selling, general, and administrative expenses ($82.6 million), depreciation and amortization ($118.1 million), and electric property taxes ($17.0 million). Income before taxes was $322.3 million, with income tax expense of $46.4 million.
The source data does not provide segment breakdown or geographic mix information for revenue analysis. The XBRL data shows total operating revenues of $1.30 billion but does not disclose segment-level revenue figures or growth drivers. No information is provided about revenue composition by business segment, product line, or geographic region. The document content does not include management discussion and analysis (MD&A) sections that typically contain segment performance details.
The company maintained strong profitability with operating income of $345.7 million, representing an operating margin of 26.6%. The cost structure shows significant expenses in cost of products sold ($402.7 million), electric operating and maintenance ($184.3 million), and depreciation and amortization ($118.1 million). Gross profit is not explicitly disclosed in the source data, as the income statement does not separate cost of goods sold from other operating expenses in a way that allows gross profit calculation. The net income margin was 21.2%, calculated from net income of $275.9 million divided by total operating revenues of $1.30 billion.
The company generated strong operating cash flow of $386.0 million, primarily from net income of $275.9 million adjusted for non-cash items including depreciation and amortization of $118.1 million. Investing activities used $290.7 million, mainly for capital expenditures of $288.1 million. Financing activities resulted in a net cash outflow of $3.7 million, including dividend payments of $88.1 million and proceeds from long-term debt issuance of $100.0 million. The balance sheet shows total assets of $3.96 billion, with property, plant and equipment (net) of $2.88 billion representing 72.7% of total assets. Total liabilities were $2.10 billion, including long-term debt of $963.6 million and current liabilities of $351.0 million. Shareholders' equity was $1.86 billion, resulting in a debt-to-equity ratio of 0.52.
The source data does not contain management guidance, strategic priorities, or risk factor discussions. The provided XBRL financial data and document content consist solely of financial statement figures without accompanying narrative sections. No forward-looking statements, business outlook, or strategic initiatives are disclosed in the available information. The filing appears to contain only the financial statement data without the full 10-K report text that typically includes management discussion, risk factors, and business outlook sections.