Otter Tail (Otter Tail) Construction In Progress : $175 Mil (As of Dec. 2023)

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What is Otter Tail Construction In Progress?

Otter Tail's quarterly construction in progress increased from Jun. 2023 ($34 Mil) to Sep. 2023 ($40 Mil) and increased from Sep. 2023 ($40 Mil) to Dec. 2023 ($175 Mil).

Otter Tail's annual construction in progress increased from Dec. 2021 ($92 Mil) to Dec. 2022 ($129 Mil) and increased from Dec. 2022 ($129 Mil) to Dec. 2023 ($175 Mil).

Otter Tail Construction In Progress Historical Data

The historical data trend for Otter Tail's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Otter Tail Construction In Progress Chart

Otter Tail Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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185.24

212.37

91.54

129.10

175.27

Otter Tail Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															129.10	22.84	34.15	39.89	175.27

Otter Tail Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Otter Tail (Otter Tail) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Otter Tail Corp (NAS:OTTR) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

OT4:Germany

Address

215 South Cascade Street, P.O. Box 496, Fergus Falls, MN, USA, 56538-0496

Website

https://www.ottertail.com

Otter Tail Corp is a U.S. energy company that primarily operates in the electric (produces and sells electricity), manufacturing (fabricates metal components), and plastics segments (pipes for water uses). The company primarily conducts its operations and acquires the majority of its revenue in the U.S. in the states of Minnesota, South Dakota, and North Dakota. The majority of the company's revenue is derived from the Electric segment and commercial customers, although it generates revenue from residential and industrial customers, as well.

Executives

John D Erickson	director, officer: President & CEO	215 S CASCADE ST, FERGUS FALLS MN 56537
Mary E Ludford	director	215 S CASCADE STREET, FERGUS FALLS MN 56537
Jeanne H Crain	director	215 S CASCADE STREET, FERGUS FALLS MN 56537
Michael E Lebeau	director	215 S CASCADE STREET, FERGUS FALLS MN 56537
Timothy J O'keefe	director	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
John S Abbott	officer: Pres Varistar, Sr VP, M/I Plat	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Paul L Knutson	officer: VP of Human Resources	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Kevin G Moug	officer: CFO & Treasurer	215 S CASCADE ST, FERGUS FALLS MN 56537
Thomas J Webb	director	ONE ENERGY PLAZA, JACKSON MI 49201
Jennifer O. Smestad	officer: VP, Gen Coun & Corp Sec	215 S. CASCADE STREET, FERGUS FALLS MN 56537
George A Koeck	officer: Corp Secretary & Gen Counsel	215 S CASCADE ST, FERGUS FALLS MN 56537
Timothy J Rogelstad	officer: Sr VP, Elect Plat; Pres OTP	215 S CASCADE ST, FERGUS FALLS MN 56537-2801
Steven L Fritze	director	370 WBASHA ST NORTH, ST PAUL MN 55102
Arvid R Liebe	director	215 S CASCADE ST, FERGUS FALLS MN 56537
Kathryn O Johnson	director	215 S CASCADE STREET, FERGUS FALLS MN 56537-2801