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Portland General Electric (POR)
:POR
Earnings Data
Report Date
Apr 25, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.14Last Year’s EPS
1.21Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 14, 2025
|% Change Since: 2.87%
|Next Earnings Date:Apr 25, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment with strong financial performance, clean energy investments, and industrial growth as key highlights. However, challenges such as decreased fourth-quarter earnings, power cost volatility, and residential and commercial load declines tempered the positive aspects. The regulatory challenges with the rate case outcome also added to the concerns.Company Guidance
During Portland General Electric's fourth-quarter and full-year 2024 earnings call, the company provided guidance for 2025 with an earnings projection of $3.13 to $3.33 per diluted share. The long-term earnings per share (EPS) and dividend growth were reaffirmed at 5% to 7%, based on a $3.08 per share midpoint from the original 2024 guidance. The company reported a 2024 GAAP net income of $313 million or $3.01 per diluted share and non-GAAP net income of $327 million or $3.14 per share. This reflects a notable increase compared to 2023's GAAP net income of $228 million or $2.33 per share and non-GAAP net income of $233 million or $2.38 per share. Additionally, weather-adjusted energy usage grew by 3% year-over-year, with industrial growth up by 11%, driven by high-tech and digital sectors. Portland General Electric plans to invest significantly, with a five-year capital forecast through 2029 focusing on transmission projects and grid resiliency. The company also highlighted its ongoing efforts to manage operating costs and enhance operational efficiency amid robust customer demand.Strong Financial Performance in 2024
Portland General Electric reported GAAP net income of $313 million or $3.01 per diluted share for 2024, compared to $228 million or $2.33 per share in 2023, marking a significant year-over-year increase.
Increase in Long-term Customer Growth Expectations
The company increased its long-term customer usage growth expectations from 2% to 3%, driven by semiconductor manufacturing and data center customers.
Significant Investments in Clean Energy
PGE invested over $1.2 billion in capital projects targeting customer growth, grid resiliency, and decarbonization. Clean energy represented 45% of the energy mix in 2024.
Industrial Growth Driven by High-Tech and Digital Customers
Industrial growth increased by 11% year-over-year, led by semiconductor manufacturing and data center customers.
Battery Storage Capacity Expansion
PGE will soon have over 500 megawatts of battery capacity, enhancing renewable integration, system reliability, and energy price stability.
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POR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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POR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 14, 2025 | $42.12 | $41.64 | -1.14% |
| Oct 25, 2024 | $48.26 | $47.79 | -0.97% |
| Jul 26, 2024 | $46.84 | $46.40 | -0.94% |
| Apr 26, 2024 | $41.82 | $41.38 | -1.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Portland General Electric (POR) report earnings?
Portland General Electric (POR) is schdueled to report earning on Apr 25, 2025, TBA Not Confirmed.
What is Portland General Electric (POR) earnings time?
Portland General Electric (POR) earnings time is at Apr 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is POR EPS forecast?
POR EPS forecast for the fiscal quarter 2025 (Q1) is 1.14.
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