Portland General Electric

Portland General Electric Co. engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The firm also sells electricity and natural gas in the wholesale market to utilities, brokers, and power marketers. It also serves residential, commercial and non-residential customers. The company was founded by Edward L. Eastham and Parker F. Morey in 1888 and is headquartered in Portland, OR.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Portland General Electric reports solid Q4 earnings amidst market challenges

Portland General Electric's Q4 2022 performance reflects resilience amidst challenges, with a strategic focus on clean energy projects and cost management strategies.
While facing inflation and market pressures, the company is actively pursuing federal funding opportunities and partnerships to ensure reliability and cost efficiency for customers.
Opportunities lie in future energy solutions, incorporating innovative technologies, and maintaining a steady earnings growth trajectory within the 5% to 7% range.

Portland General Electric (POR) reports strong Q1 earnings and growth opportunities

Portland General Electric (POR) delivered strong financial results driven by load growth and cost management.
Acquisitions of battery storage projects and strategic organizational changes position the company for growth.
Challenges include potential wildfire impacts and the need for battery resources for decarbonization plans.
Opportunities in grid stability, growth plans, and renewable energy initiatives are key focus areas.

Portland General Electric reports solid Q2 earnings amidst market challenges

Portland General Electric's Q2 performance reflected a mix of positive and challenging factors, with a focus on clean energy and sustained growth.
While facing market volatility and financial challenges, the company maintains its commitment to long-term earnings growth and value creation.
Investments in renewable resources and transmission projects signal opportunities for future growth and market integration for Portland General Electric.

Portland General Electric reports Q3 earnings decline amidst growth prospects

Portland General Electric's Q3 performance reflected a mix of challenges and strengths, with notable industrial load growth and ongoing efforts to manage customer energy usage patterns.
The company's focus on grid improvements, clean energy transition, and regulatory progress positions it well for long-term earnings growth and resilience.
Despite facing challenges from energy efficiency trends and power costs, Portland General Electric is actively pursuing opportunities for growth and grid enhancement.

Portland General Electric reports resilient performance amidst weather challenges

Portland General Electric navigated through weather challenges to deliver solid financial performance in 2023, focusing on industrial load growth and clean energy investments.
Despite facing a severe storm and increased transmission spending, the company maintains a strong liquidity position and aims for balanced growth strategies.
Opportunities lie in transmission projects, renewable development, and energy solutions to drive future growth and address evolving customer needs and market dynamics.

Portland General Electric reports robust Q1 earnings and growth plans

Portland General Electric (POR) demonstrated strong financial performance in Q1 2024 with a focus on clean energy transformation.
The company faces challenges in managing power costs and storm-related expenses while pursuing growth opportunities in battery projects and transmission investments.
Reaffirmed guidance and capital plans indicate a strategic approach to long-term earnings growth and operational excellence.

Portland General Electric (POR) reports robust Q2 earnings amidst challenges

Portland General Electric (POR) delivered strong financial results in Q2 2024, driven by industrial demand growth and cost management, amidst challenges from a regional heat wave.
The company's focus on wildfire mitigation, renewable energy projects, and operational enhancements positions it well for future growth and resilience.
With a reaffirmed guidance and strong liquidity position, Portland General Electric (POR) remains committed to sustainable growth and operational excellence.

Portland General Electric reports robust Q3 earnings and clean energy focus

Portland General Electric (POR) delivered strong financial performance in Q3 2024, driven by improved power cost performance and industrial demand growth.
The company's focus on clean energy initiatives, operational efficiencies, and customer affordability positions it well for sustainable growth and transformation.
While facing challenges in regulatory discussions and wildfire risk mitigation, POR has opportunities to expand clean energy projects, enhance stakeholder collaboration, and capitalize on industrial demand growth.
With a solid financial foundation and strategic initiatives in place, POR is poised to navigate challenges, leverage opportunities, and drive long-term value for stakeholders.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Portland General Electric Co. engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It also sells electricity and natural gas in the wholesale market to utilities, brokers, and power marketers. The company was founded by Edward L. Eastham and Parker F. Morey in 1888 and is headquartered in Portland, OR.

Church & Dwight

Coty

Hershey

Invest in stocks such as Coty (COTY), Church & Dwight (CHD), Hershey (HSY) & Portland General Electric (POR) since demand for their products remains unaffected amid an economic downturn.

4 Top Recession-Proof Stocks That Are Worth a Buy Right Away

Portland General Electric Co (NYSE:POR ) Q1 2023 Earnings Conference Call April 28, 2023 11:00 AM ET Company Participants Jardon Jaramillo - Former Controller & Assistant Treasurer Maria Pope - President, CEO & Director James Ajello - SVP, Finance, CFO, Treasurer & Corporate Compliance Officer Conference Call Participants Shahriar Pourreza - Guggenheim Securities Julien Dumoulin-Smith - Bank of America Merrill Lynch Sophie Karp - KeyBanc Capital Markets Andrew Levi - Hite Hedge Asset Management Anthony Crowdell - Mizuho Group Travis Miller - Morningstar Inc. Operator Good morning, everyone, and welcome to Portland General Electric Company's First Quarter 2023 Earnings Results Conference Call. Today is Friday, April 28, 2023.

Portland General Electric Co (POR) Q1 2023 Earnings Call Transcript

Portland General Electric (POR) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.67 per share a year ago.

Portland General Electric (POR) Q1 Earnings and Revenues Beat Estimates

Two new local projects will add 400 megawatts of non-emitting capacity, helping PGE integrate more clean energy into its portfolio PORTLAND, Ore. , April 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today announced the procurement of 400 megawatts (MWAC) of new battery storage projects – a critical tool in Oregon's clean energy transition and the largest single procurement of standalone energy storage to date by a utility in the U.S. outside the state of California.

PGE bolsters reliability of clean energy transition with region's largest battery storage addition

Company initiates search for successor PORTLAND, Ore. , April 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) ("PGE" or the "Company") today announced that Jim Ajello, senior vice president of finance, CFO, treasurer and corporate compliance officer, has informed the Company of his intent to retire.

Portland General Electric Announces Chief Financial Officer Jim Ajello to Retire

Entered an agreement to construct a 200 MW company-owned battery storage project, a $360 million investment; also entered a storage capacity agreement to secure an incremental 200 MW of battery storage Financial results reflect strong energy demand, continued energy-market volatility, and effective cost controls Reaffirming 2023 adjusted earnings guidance of $2.60 to $2.75 per diluted share PORTLAND, Ore. , April 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $74 million, or $0.80 per diluted share, for the first quarter of 2023.

Portland General Electric Announces First Quarter 2023 Results

Portland General Electric (POR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Portland General Electric (POR) Earnings Expected to Grow: Should You Buy?

Xcel Energy

Investors with an interest in Utility - Electric Power stocks have likely encountered both Portland General Electric (POR) and Xcel Energy (XEL). But which of these two stocks offers value investors a better bang for their buck right now?

POR or XEL: Which Is the Better Value Stock Right Now?

Apple

Ameriprise Financial

Aptargroup

American Water Works

Costco

Discover

FactSet Research Systems

First Financial Bankshares

H.B. Fuller

W.W. Grainger

Johnson & Johnson

Lithia Motors

Lakeland Bancorp

Lindsay

MetLife

Procter & Gamble

PNC Financial Services

Southern Company

Sonoco Products

Sysco

Travelers

Procter & Gamble extended its dividend growth streak to 67 years in the first two weeks of April with a 3% increase. Most of the increases I expected in the first half of April will actually occur in the upcoming week.

Apple Among 14 Companies To Announce Dividend Growth In Late April

Plan outlines 2030 targets are achievable with tools and resources commercially available today. PORTLAND, Ore.

Portland General Electric Files Inaugural Clean Energy Plan

PORTLAND, Ore. , March 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m.

Portland General Electric schedules earnings release and conference call for Friday, April 28

Energy executive brings deep industry knowledge, strong leadership and proven operating expertise to PGE's commitment to delivering safe, reliable and affordable clean energy. PORTLAND, Ore.

Benjamin Felton joins Portland General Electric as Chief Operating Officer

I've been covering Portland General Electric for some time. My long-term RoR since I initiated my position is still negative, but I believe the time to "BUY" more has come. The company has some issues - every company does - but the relative upside and safety here is good enough for me to put money "at risk".

Portland General Electric: How About A West-Coast Utility For 2023?

PORTLAND, Ore. , March 7, 2023 /PRNewswire/ -- Portland General Electric (PGE) released its 2022 Environmental, Social and Governance (ESG) Report, an annual report that showcases PGE's programs and progress on its path towards a clean energy future that is equitable, sustainable and reliable.

PGE's annual Environmental, Social and Governance (ESG) report highlights progress in 2022

Portland General Electric Company (NYSE:POR ) Q4 2022 Results Conference Call February 16, 2023 11:00 AM ET Company Participants Jardon Jaramillo - Senior Director of Finance, Investor Relations and Risk Management Maria Pope - President and CEO Jim Ajello - SVP Finance, CFO, Treasurer and CCO Conference Call Participants Julien Dumoulin-Smith - Bank of America Sophie Karp - KeyBank Alex Mortimer - Mizuho Group Travis Miller - Morningstar Nathan Richardson - Credit Suisse James Kennedy - Guggenheim Partners Operator Good morning, everyone. And welcome to Portland General Electric Company's Fourth Quarter 2022 Earnings Results Conference Call.

Portland General Electric Company (POR) Q4 2022 Earnings Call Transcript

Full-year 2022 GAAP basis financial results of $2.60 per diluted share; full-year 2022 non-GAAP basis adjusted financial results of $2.74 per diluted share Initiating 2023 adjusted earnings guidance of $2.60 to $2.75 per diluted share and reaffirming 5% to 7% long-term earnings per share growth using 2022 non-GAAP adjusted base year 2024 test year general rate case filed, focused on capital investments and policy items to support safe, reliable and clean energy service PORTLAND, Ore. , Feb. 16, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $233 million, or $2.60 per diluted share, for the year ended December 31, 2022, which includes the $0.14 per diluted share Wildfire and COVID deferral reversal charge resulting from the Oregon Public Utility Commission's (OPUC) 2022 General Rate Case (GRC) Final Order deferral earnings test.

Portland General Electric announces 2022 financial results and initiates 2023 earnings guidance

PORTLAND, Ore. , Jan. 13, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m.

Portland General Electric schedules earnings release and conference call for Thursday, February 16

Portland General Electric: Going Up And Down, But Still Attractive

PORTLAND, Ore. , Oct. 26, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) ("PGE" or the "Company"), a fully integrated energy company, today announced that it has priced an underwritten public offering of 10,100,000 shares of its common stock, all of which are being offered in connection with the forward sale agreements described below, at a public offering price of $43.00 per share.

Portland General Electric Company Announces Pricing of a Public Offering of 10,100,000 Shares of Common Stock

Portland General Electric Company (NYSE:POR ) Q3 2022 Earnings Conference Call October 25, 2022 11:00 AM ET Company Participants Jardon Jaramillo - Senior Director, Finance, Investor Relations, and Risk Management Maria Pope - President and Chief Executive Officer Jim Ajello - Senior Vice President Finance, Chief Financial Officer, Treasurer & Corporate Compliance Officer Conference Call Participants Insoo Kim - Goldman Sachs Shahriar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Bank of America Sophie Karp - KeyBanc Anthony Crowdell - Mizuho Group Aditya Gandhi - Wolfe Research Nicholas Campanella - Credit Suisse Chris Ellinghaus - Siebert Williams Shank and Co Operator Good day, and thank you for standing by. Welcome to Portland General Electric Company's Third Quarter 2022 Earnings Results Conference Call.

Portland General Electric Company (POR) Q3 2022 Earnings Call Transcript

PORTLAND, Ore. , Oct. 25, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) ("PGE" or the "Company"), a fully integrated energy company, today announced the commencement of an underwritten public offering of $375,000,000 of shares of its common stock, all of which are being offered in connection with the forward sale agreements described below.

Portland General Electric Company Announces Public Offering of $375,000,000 of Shares of Common Stock

Portland General Electric (POR) delivered earnings and revenue surprises of 3.17% and 6.86%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Portland General Electric (POR) Q3 Earnings and Revenues Surpass Estimates

Increasing long-term EPS growth guidance to 5% to 7% from a 2022 adjusted earnings base year Collaborating with NextEra Energy Resources to construct a 311 MW wind energy facility in Eastern Montana; with 208 megawatts Company-owned Resolution of 2020 wildfire, 2021 ice storm, and 2021 power cost deferrals Reaffirming 2022 GAAP basis earnings guidance of $2.60 to $2.75 and non-GAAP basis adjusted earnings guidance of $2.74 to $2.89 PORTLAND, Ore. , Oct. 25, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $58 million, or $0.65 per diluted share, for the third quarter of 2022.

Portland General Electric Announces Third Quarter 2022 Results

PORTLAND, Ore. , Oct. 5, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m.

Portland General Electric schedules earnings release and conference call for Tuesday, October 25

NextEra Energy

The first utility-scale facilities to co-locate wind, solar and battery storage makes the clean energy future a reality in Oregon Link for photos: Wheatridge commissioning photos LEXINGTON, Ore. , Sept. 28, 2022 /PRNewswire/ -- Today, state and local leaders joined NextEra Energy Resources, LLC, and Portland General Electric (PGE) to celebrate the commissioning of the first utility-scale energy facilities in North America to co-locate wind, solar and battery storage, generating renewable power for customers.

News for Portland General Electric Stock (POR)