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Otter Tail Corporation  (OTTR)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities


Otter Tail's Effective Tax Rate by quarter

Trends, Rankings, Statistics



OTTR Effective Tax Rate (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Pre-Tax Income Change 6.32 % 9.32 % -8.85 % -15.45 % 553.01 %
Seq. Pre-Tax Income Change 270.57 % 14.38 % 34.63 % -81.37 % 281.02 %
Pre-Tax Income In Millions $432.46 $116.70 $102.03 $75.79 $406.75
Effective Tax Rate 2.59 % 21.19 % 19.66 % 17.55 % 1.77 %
Effective Tax Rate Total Ranking # 85 # 913 # 717 # 540 # 122
Income taxes expenses / -benefit In Millions $11.21 $24.73 $20.06 $13.30 $7.21
Y / Y Income taxes expenses / -benefit Change 55.45 % 9.83 % -22.84 % -24.54 % -32.45 %
Seq. Income taxes expenses / -benefit Change -54.69 % 23.25 % 50.8 % 84.57 % -67.98 %


Commenting fourth Quarter 2023 Effective Tax Rate
Company's effective tax rate in IV. Quarter decreased compare to previous quarter to 2.59 %, below company's average Effective Tax Rate.

Looking into IV. Quarter results within Electric Utilities industry 3 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 85, from total ranking in previous quarter at 913.

OTTR's Effective Tax Rate fourth quarter 2023 Company Ranking
Within: No.
Electric Utilities Industry # 4
Utilities Sector # 10
Overall # 85

OTTR's Effective Tax Rate Statistics
High Average Low
28.36 % 17.39 % 1.77 %
(Sep 30 2017)   (Dec 31 2022)




Other Effective Tax Rate Profitability Ratios
OTTR's Cumulative Effective Tax Rate
Electric Utilities Industry Effective Tax Rate Trends and Statistics
Utilities Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
OTTR's Effective Tax Rate Profitability versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for OTTR's Competitors
Effective Tax Rate Profit Margin for Otter Tail's Suppliers
Effective Tax Rate Profit Margin for OTTR's Customers

You may also want to know
OTTR's Annual Growth Rates OTTR's Profitability Ratios OTTR's Asset Turnover Ratio OTTR's Dividend Growth
OTTR's Roe OTTR's Valuation Ratios OTTR's Financial Strength Ratios OTTR's Income taxes expenses / -benefit Growth
OTTR's Roa OTTR's Inventory Turnover Ratio OTTR's Growth Rates OTTR's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Dec 31 2023, within Electric Utilities Industry Effective Tax RateDec 31 2023 MRQ Income taxes expenses / -benefitDec 31 2023 MRQ Pre-Tax Income
Otter Tail Corporation  2.59 %$ 11.205 $ 432.461 
Avangrid Inc   2.13 %$ 8.000 $ 376.000 
Alliant Energy Corp  0.82 %$ 1.000 $ 122.000 




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