Otter Tail Corporation
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Charles S. MacFarlane
- Full Time Employees
- 2,198
- Sector
- Industrials
- Industry
- Conglomerates
- Address
- 215 South Cascade Street Fergus Falls MN United States of America 56538-0496
- IPO Date
- Mar 26, 1990
- CIK
- 0001466593
- Website
- ottertail.com
- Similar Companies
- Business
- Otter Tail Corporation operates as a diversified holding company focused on electric utilities and manufacturing, headquartered in Fergus Falls, Minnesota, since its founding in 1907. Otter Tail Power Company, its core regulated electric utility subsidiary, generates, transmits, and distributes electricity to approximately 128,500 retail customers across 423 communities in Minnesota, North Dakota, and South Dakota, utilizing a generation capacity of 660 megawatts that includes wind farms (138 MW owned plus 45 MW purchased), coal-fired plants such as the Coyote facility, and legacy hydropower assets; manufacturing subsidiaries produce custom metal fabrication parts through BTD Manufacturing Inc., thermoformed plastic packaging and components via T.O. Plastics Inc., PVC pipe through Northern Pipe Products Inc., and vinyl products via Vinyltech Corporation, serving major global brands in infrastructure, agriculture, and consumer sectors. The company maintains over 5,000 miles of transmission lines, primarily at 41.6 kV, with operations spanning a 50,000-square-mile territory. In recent developments, Otter Tail Corporation increased its 2024 consolidated earnings guidance following strong third-quarter performance, retired the Hoot Lake coal-fired plant in 2021 as part of carbon-free energy commitments, and pursues withdrawal from the Coyote plant investment while advancing customer-focused capital investments funded internally without external equity.
Company News
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