Otter Tail Holds 2026 Adjusted Diluted EPS Midpoint at $5.88

Otter Tail Corporation kept its 2026 adjusted diluted earnings per share (EPS) midpoint at $5.88 and raised its incremental capital spending opportunity to $850 million, while narrowing the guidance range.

The company narrowed its adjusted diluted EPS guidance to $5.73 to $6.03. It maintained a 10% five-year compound annual growth rate for its rate base and expects Otter Tail Power earnings to grow at a similar pace.

Otter Tail identified greater project complexity and siting challenges as potential sources of transmission delays. The company is engaging landowners, communities and local governments and expects to provide an update with its year-end results.

Plastics faced a 9% drop in PVC pipe prices and a 5% decline in sales volume, alongside a 10% increase in resin and other input costs. Elevated mortgage rates and rising developed-lot inventory are weighing on housing demand and the segment’s guidance.

The company’s third-quarter results included GAAP EPS of $1.41 and revenue of $320.51 million, down 1.6% year over year.