OTTER TAIL ($NASDAQ:OTTR) has reported its earnings results for the second quarter of fiscal 2023, which ended on June 30 2023. Total revenue decreased by 15.6% year-over-year to USD 337.7 million, and net income decreased by 4.6% to USD 82.0 million.
GoodWhale has conducted an in-depth analysis of OTTER TAIL‘s financials to provide investors with the necessary information to assess the risk of investing in this company. After analyzing the company’s financials, GoodWhale has determined that OTTER TAIL is a low risk investment in terms of financial and business aspects. Its portfolio is well diversified and its debt-to-equity ratio is also low. Although GoodWhale has detected one risk warning in the income sheet, overall, it is a safe investment. To get more information about the one risk warning detected by GoodWhale, investors can register on goodwhale.com. With this extra information, investors will be better equipped to make informed decisions about investing in OTTER TAIL. More…
Risk Rating Analysis
Star Chart Analysis
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Otter Tail. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Otter Tail. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Otter Tail. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Otter Tail are shown below. More…
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In the electric utility industry, there is intense competition between Otter Tail Corp and its competitors: NextEra Energy Inc, DTE Energy Co, Exelon Corp. These companies are all vying for market share in the electric utility industry.
– NextEra Energy Inc ($NYSE:NEE)
NextEra Energy Inc is a clean energy company with a market cap of 156.59B as of 2022. The company has a Return on Equity of 6.09%. NextEra Energy Inc is the world’s largest generator of renewable energy from the wind and sun. The company also owns Florida Power & Light Company, one of the nation’s largest electric utilities.
DTE Energy Co is a publicly traded energy company headquartered in Detroit, Michigan. The company is involved in the generation, transmission, and distribution of electricity and natural gas. As of 2022, the company had a market capitalization of 21.77 billion dollars and a return on equity of 12.47%. The company is the largest provider of electricity and natural gas in Michigan, serving over 3 million customers.
Exelon Corp is a publicly traded company with a market capitalization of $36.95 billion as of 2022. The company has a return on equity of 11.0%. Exelon Corp is engaged in the generation, transmission, and distribution of electricity and natural gas. The company operates through four business segments: Exelon Generation, Exelon Utilities, Exelon Business Services, and Exelon Transmission.
OTTER TAIL reported its second quarter FY2023 earnings results with total revenue of USD 337.7 million, a decrease of 15.6% year over year. Net income was USD 82.0 million, a decrease of 4.6%. After the report, the stock price increased, indicating the market is willing to make an investment in the company. Analysts suggest that OTTER TAIL’s strong financial position and attractive dividend yield make it an attractive option for investors. The company has a diversified portfolio of investments in several sectors, reducing its exposure to market fluctuations.
Additionally, the company has a healthy balance sheet and strong liquidity position, providing investors with good returns in the long run.