Otter Tail Corporation announced its financial results for the second quarter ended June 30, 2025, reporting consolidated operating revenues of $333.043 million. The company uplifted its 2025 diluted earnings per share guidance for the Plastics segment, increasing consolidated guidance to a range of $6.06 to $6.46 from the previous range of $5.68 to $6.08.
The Electric segment's net income increased to $19.195 million from $18.485 million in Q2 2024, driven by higher fuel recovery and rider revenues, and favorable weather conditions. The Manufacturing segment's net income decreased to $3.481 million from $6.835 million due to a 9% decline in sales volumes, while the Plastics segment's net income decreased to $53.104 million from $60.612 million, impacted by a 15% decrease in sales prices despite an 11% increase in sales volumes.
Otter Tail Power secured approval from the Minnesota and South Dakota Commissions to directly assign and recover capital investment for its two solar development projects, totaling 345 MW. The company also confirmed that its BTD Georgia facility is ramping up to full production capability.
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