Otter Tail sees 2026 Plastics adjusted earnings guidance midpoint at $128 million
OTTR•Otter Tail forecasts 2026 Plastics segment earnings of $51 million at the midpoint, or $128 million on an adjusted basis after excluding $77 million in after-tax legal settlement expense.
1. Plastics earnings outlook
Otter Tail forecasts 2026 Plastics segment earnings of $51 million at the midpoint, or $128 million on an adjusted basis excluding $77 million in after-tax legal settlement expense. It projects Plastics earnings of $45 million to $50 million in 2028, reflecting continued price declines, higher sales volumes and rising input costs.
2. Rate base and funding
The utility’s $1.9 billion rate base growth plan targets a five-year compound annual growth rate of 10%. Manufacturing cash flow is expected to fund approximately 25% of the plan, and outstanding manufacturing debt is expected to be retired by year-end 2026.
