OTTR News & Events

Otter Tail Corporation announced executive leadership transitions in conjunction with the long-term succession plan approved by its Board of Directors. Tim Rogelstad has been elected President of Otter Tail Corporation. In his new role, Mr. Rogelstad will oversee the electric and manufacturing platforms and report to Chuck MacFarlane, Otter Tail Corporation CEO, Rogelstad previously served as President of Otter Tail Power Company, the Corporation's electric utility, and as Senior Vice President, Electric Platform of the Corporation. Concurrent with this move, Todd Wahlund was elected Senior Vice President of Otter Tail Corporation and President of Otter Tail Power Company and will report to Rogelstad. Wahlund previously served as Vice President and CFO of Otter Tail Corporation. Tyler Nelson has been elected Vice President and CFO of Otter Tail Corporation. In this role, he will report to MacFarlane. Mr. Nelson most recently served as Vice President of Finance and Treasurer and previously held the role of Vice President of Accounting.

Reports Q4 revenue $308M vs $303M last year. "We are pleased with our 2025 financial results as they exceeded our expectations for the year," said President and CEO Chuck MacFarlane. "Our results are fueled by our team members' efforts, and I am proud of the ways they delivered for our customers and shareholders amidst dynamic market conditions."

The company said, "We anticipate 2026 diluted earnings per share to be in the range of $5.22 to $5.62. We expect our earnings mix in 2026 to be approximately 49% from our Electric segment and 51% from our Manufacturing and Plastics segments, net of corporate costs. Our anticipated earnings mix in 2026 deviates from our long-term expected earnings mix of 70% Electric and 30% Non-Electric as we expect Plastics segment earnings to remain elevated in 2026 compared to our long-term view of normal earnings for this segment. "