04:24 AM EDT, 08/06/2024 (MT Newswires) -- Otter Tail (OTTR) reported Q2 earnings Monday of $2.07 per diluted share, up from $1.95 a year earlier.

Three analysts polled by Capital IQ expected $1.70.

Operating revenue for the quarter ended June 30 was $342.3 million, compared with $337.7 million a year earlier.

Two analysts surveyed by Capital IQ expected $367.7 million.

Meanwhile, the company increased its 2024 EPS guidance to now be between $6.77 and $7.07 from the prior guidance of $6.23 to $6.53. Three analysts polled by Capital IQ expect $6.13.

The company also maintained a quarterly dividend of $0.4675 per share, payable Sept. 10 to shareholders of record on Aug. 15.

Otter Tail's shares rose 5% after-market hours on Monday.

Price: 96.77, Change: +4.60, Percent Change: +4.99