Otter Tail Corporation Reaffirms EPS Guidance and 10% Rate Base CAGR
Otter Tail Corporation (OTTR) reaffirmed its earnings guidance, maintaining a midpoint of $5.88 per diluted share for the year. Despite facing a challenging operating environment during the third quarter, management confirmed that the company remains on track with its strategic growth plan and long-term objectives. The utility provider also maintained its projected 10% rate base compound annual growth rate (CAGR). Notably, the company has increased its incremental capital expenditure opportunity to $850 million, signaling potential for expanded infrastructure investment and future revenue growth.