Otter Tail (NASDAQ:OTTR) (NASDAQ:OTTR) is a diversified energy and manufacturing company headquartered in Fergus Falls, Minnesota. Established in 1907, the company operates through two main business segments: Electric Utilities and Manufacturing. Through its Electric Utilities segment, Otter Tail generates and delivers electricity and natural gas to residential, commercial and industrial customers. Its service territory spans parts of Minnesota, North Dakota, South Dakota, and later extensions into surrounding Midwestern states, where it maintains an integrated network of generation facilities, transmission lines and distribution systems.
The Electric Utilities segment of Otter Tail combines a mix of fossil-fuel, wind and gas-fired generating plants with long-term power purchase agreements to provide reliable energy supply. The company’s distribution network serves primarily rural and small urban communities, emphasizing customer service, system reliability and ongoing infrastructure upgrades. Alongside traditional electric service, Otter Tail offers natural gas distribution in select markets, supporting residential heating and commercial operations through an established pipeline network and modern metering systems.
Otter Tail’s Manufacturing segment provides specialized electrical equipment and engineering services designed to support utilities, contractors and industrial clients. Products include power transformers, voltage regulation devices, switchgear rebuilds and remote monitoring solutions. With multiple production and remanufacturing facilities, the company focuses on meeting custom requirements for equipment repairs, refurbishments and new installations, leveraging decades of technical expertise in power delivery components.
Guided by an experienced board of directors and executive leadership team, Otter Tail has evolved from its origins as a small rural electric provider to a multi‐state energy and manufacturing enterprise. The company places a strategic emphasis on sustainable growth, customer engagement and investment in emerging technologies. Otter Tail’s long history in the Upper Midwest, combined with its commitment to community partnerships and operational excellence, underpins its ongoing mission to deliver safe, reliable and cost-effective energy and equipment solutions.
