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Portland GE ( (POR) ) has issued an update.
Portland General Electric reported first-quarter 2026 GAAP net income of $45 million, or $0.38 per diluted share, down from $100 million, or $0.91 per share, a year earlier, as unusually mild winter weather reduced residential and commercial seasonal usage. On a non-GAAP basis, excluding regulatory deferral adjustments and business transformation and acquisition costs, net income was $68 million, or $0.58 per share, with total revenues up on higher cost recovery and industrial demand rising 10% quarter over quarter, driven by data center and high-tech customers.
The utility reaffirmed its 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share, outlining assumptions that include modest growth in energy deliveries, tight cost management, and $1.655 billion in capital expenditures alongside cash from operations of up to $1.2 billion. PGE also detailed progress on its proposed acquisition of PacifiCorp’s Washington utility operations, with regulatory filings submitted in March and April and closing anticipated in 2027, declared an April 24, 2026 quarterly dividend of 55.125 cents per share, and highlighted its 2025 Purpose and Progress Report showing 46% of its 2025 energy mix from non-emitting resources, underscoring its long-term clean energy and regional growth strategy.
The most recent analyst rating on (POR) stock is a Hold with a $55.00 price target. To see the full list of analyst forecasts on Portland GE stock, see the POR Stock Forecast page.
Spark’s Take on POR Stock
According to Spark, TipRanks’ AI Analyst, POR is a Neutral.
The score is driven primarily by mixed fundamentals: solid revenue/profitability trends but persistent negative free cash flow and some latest-period data inconsistencies that reduce confidence in leverage/margin readings. Earnings-call guidance and growth drivers (load growth and the planned Washington acquisition) are supportive, while technical signals remain mildly weak and temper near-term conviction; valuation is a modest positive due to a reasonable P/E and strong dividend yield.
To see Spark’s full report on POR stock, click here.
More about Portland GE
Portland General Electric Company is an integrated energy utility that generates, transmits and distributes electricity to nearly 960,000 customers across an area serving about 2 million Oregonians. The NYSE-listed company focuses on delivering safe, affordable and reliable power while advancing emissions reduction and transforming its energy systems to meet evolving customer needs.
PGE’s portfolio includes a growing share of non-emitting resources, which reached 46% of its energy mix in 2025, underscoring its strategic emphasis on clean energy performance. The utility also continues to invest heavily in capital projects and system reliability, positioning itself as a key power provider for industrial growth sectors such as data centers and high tech in the Pacific Northwest region.
Average Trading Volume: 1,423,400
Technical Sentiment Signal: Buy
Current Market Cap: $6.01B
Find detailed analytics on POR stock on TipRanks’ Stock Analysis page.