INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 3 September 2020 Update RATINGS Otter Tail Power Company Domicile Fergus Falls, Minnesota, United States Long Term Rating A3 Type LT Issuer Rating Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Robert Pet
Otter Tail Corporation Third Quarter Diluted Earnings per Share Increase 6.9% 2019 Earnings Per Share Guidance Range Narrowed to $2.10–$2.20 from $2.10–$2.25 Board of Directors Declares Quarterly Dividend of $0.35 Per Share FERGUS FALLS, Minn., Nov. 04, 2019 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended September 30, 2019. Summary: Consolidated operating revenues increased to $228.7 million compared with $227.7 million for the third quarter of 2018.Consolidated net income and diluted earnings per share were $24.7 mil...
Otter Tail Corporation Will Host Conference Call on Third Quarter 2019 Financial Results FERGUS FALLS, Minn., Oct. 10, 2019 (GLOBE NEWSWIRE) -- Otter Tail Corporation will issue a news release announcing third quarter 2019 earnings results after market close on Monday, November 4, 2019 and will host a live conference call and webcast on Tuesday, November 5, 2019, at 10:00 a.m. CT to discuss the corporation’s financial and operating performance. Accompanying slides will be posted on the corporation’s website before the webcast begins. To access the live webcast go to and select “Webcast....
Otter Tail Corporation Announces Second Quarter Earnings Reaffirms 2019 Earnings Per Share Guidance Range of $2.10-$2.25Board of Directors Declares Quarterly Dividend of $0.35 Per Share FERGUS FALLS, Minn., Aug. 05, 2019 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended June 30, 2019. Summary: Consolidated operating revenues increased 1.3% to $229.2 million compared with $226.3 million for the second quarter of 2018.Consolidated net income and diluted earnings per share were $15.4 million and $0.39 per share, respectively...
Otter Tail Power Company closes on purchase of development assets and issues notice to proceed for construction of Merricourt wind farm FERGUS FALLS, Minn., July 16, 2019 (GLOBE NEWSWIRE) -- Otter Tail Power Company today closed on the purchase of certain development assets from EDF Renewables Development, Inc. and certain of its affiliated companies and issued a notice to proceed for construction of a 150-megawatt (MW) wind farm in southeastern North Dakota, a project first announced in November 2016. An affiliate of EDF and its contractors are expected to begin construction in August, w...
Otter Tail Corporation Will Host Conference Call on Second Quarter 2019 Financial Results FERGUS FALLS, Minn., July 16, 2019 (GLOBE NEWSWIRE) -- Otter Tail Corporation will issue a news release announcing second quarter 2019 earnings results after market close on Monday, August 5, 2019 and will host a live conference call and webcast on Tuesday, August 6, 2019, at 10:00 a.m. CDT to discuss the corporation’s financial and operating performance. Accompanying slides will be posted on the corporation’s website before the webcast begins. To access the live webcast go to and select “Webcast...
Otter Tail Corporation Announces First Quarter Earnings Reaffirms 2019 Earnings Per Share Guidance Range of $2.10-$2.25Board of Directors Declared Quarterly Dividend of $0.35 Per Share FERGUS FALLS, Minn., May 06, 2019 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq: OTTR) today announced financial results for the quarter ended March 31, 2019. Summary: Consolidated operating revenues increased 2.0% to $246.0 million compared with $241.3 million for the first quarter of 2018.Consolidated net income and diluted earnings per share were $26.3 mil...
Otter Tail Corporation Declares Quarterly Dividend FARGO, N.D., May 03, 2019 (GLOBE NEWSWIRE) -- Otter Tail Corporation (NASDAQ: OTTR) announced today the Board of Directors declared a quarterly common stock dividend of $0.35 per share, payable on June 10, 2019 to shareholders of record on May 15, 2019. This represents the 322nd consecutive quarter dividends have been paid on common stock. The corporation will issue a news release announcing first quarter 2019 financial results after the market close on Monday, May 6, 2019. About Otter Tail Corporation: Otter Tail Corporation owns diver...
Otter Tail Corporation Will Host Conference Call on First Quarter 2019 Financial Results FERGUS FALLS, Minn., April 16, 2019 (GLOBE NEWSWIRE) -- Otter Tail Corporation (NASDAQ: OTTR) will issue a news release announcing first quarter 2019 earnings results after market close on Monday, May 6, 2019 and will host a live conference call and webcast on Tuesday, May 7, 2019, at 10:00 a.m. CDT to discuss the corporation’s financial and operating performance. Accompanying slides will be posted on the corporation’s website before the webcast begins. To access the live webcast go to and selec...
Otter Tail Corporation held its 109th Annual Meeting of Shareholders Fritze, Johnson, and O’Keefe to serve three-year terms on Board of Directors FERGUS FALLS, Minn., April 08, 2019 (GLOBE NEWSWIRE) -- Otter Tail Corporation (NASDAQ: OTTR) hosted 224 shareholders and guests at its annual meeting of common shareholders on April 8 in Fergus Falls, Minnesota. This was the corporation’s 109th annual meeting. Represented by proxy or present in person at the meeting was 82 percent of the corporation’s total shares outstanding. Shareholders reelected Steven Fritze, Kathryn Johnson, and Timo...
Otter Tail Corporation Reports a 13.2 Percent Increase in 2018 Diluted Earnings per Share to $2.06, Increases Quarterly Dividend 4.5 Percent, Provides 2019 Earnings Guidance of $2.10 to $2.25 per Share FERGUS FALLS, Minn., Feb. 18, 2019 (GLOBE NEWSWIRE) -- Otter Tail Corporation (NASDAQ: OTTR) today announced financial results for the year ended December 31, 2018. 2018 Summary: 4Q184Q1720182017Operating Revenues (in millions)$221.2 $206.7 $916.4 $849.3 Net Income (in millions)$ 14.2 $ 18.3 $ 82.3 $ 72.4 Diluted Earnings Per Share$ 0.35 $ 0.46 $ 2.06 $ 1.82 2018 Highlights ...
Otter Tail Corporation Increases Quarterly Dividend FERGUS FALLS, Minn., Feb. 05, 2019 (GLOBE NEWSWIRE) -- Otter Tail Corporation (NASDAQ: OTTR) announced today the Board of Directors increased the company’s quarterly common stock dividend to $0.35 per share. The increase brings the annual indicated dividend rate to $1.40 per share, a $.06 increase over the 2018 rate. The dividend is payable on March 9, 2019 to shareholders of record on February 15, 2019. This 4.5 percent increase demonstrates our strong commitment to our shareholders and shows the confidence the board of directors has i...
Otter Tail Corporation Will Host Conference Call on 2018 Financial Results FERGUS FALLS, Minn., Jan. 21, 2019 (GLOBE NEWSWIRE) -- Otter Tail Corporation will issue a news release announcing 2018 earnings results after market close on Monday, February 18, 2019 and will host a live conference call and webcast on Tuesday, February 19, 2019 at 10:00 a.m. CT to discuss the corporation’s financial and operating performance. Accompanying slides will be posted on the corporation’s website before the webcast begins. To access the live webcast, go to and select “Webcast.” Please allow time prior ...
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