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Portland General Electric Company (POR)
NYSE:POR
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Earnings Data
Report Date
Feb 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.34Last Year’s EPS
0.67Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: -13.34%
|Next Earnings Date:Jul 27, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance and robust demand growth, particularly from industrial sectors. The company successfully integrated renewable energy projects and secured significant federal grants. However, challenges included extreme weather conditions, a deferral release impacting earnings, and difficulties in reaching a rate case settlement. While there were some lowlights, the positive aspects suggest a predominantly favorable outlook.Company Guidance
During the third quarter of 2024 earnings call, Portland General Electric (PGE) provided guidance indicating an expectation to deliver full-year results in the upper half of their original guidance range, narrowing their 2024 adjusted earnings to $3.08 to $3.18 per diluted share. The quarter saw PGE report a GAAP net income of $94 million, or $0.90 per diluted share, a significant increase from $47 million, or $0.46 per diluted share, in the same quarter of the previous year. The company highlighted improved power cost performance, robust demand growth, particularly from semiconductor and data center customers, and effective cost and risk management as key drivers of their financial performance. PGE also noted a charge to third-quarter earnings of $0.11 per share due to costs related to a January 2024 storm. They reaffirmed their long-term earnings and dividend growth guidance of 5% to 7%, driven by strong demand in their service territory and significant capital investment opportunities.Strong Financial Performance
Reported GAAP net income of $94 million or $0.90 per diluted share, compared to $47 million or $0.46 per diluted share in Q3 2023.
Robust Industrial Demand Growth
Industrial demand grew by more than 9% year-to-date compared to 2023, with significant contributions from semiconductor and data center sectors.
Renewable Energy Integration
Successfully integrated 500 megawatts of new renewable hydro capacity and showed strong performance from the Clearwater Wind Development.
Improved Power Cost Performance
Favorably impacted EPS by $0.45 due to lower power costs and improved regional power market conditions.
Federal Grants and Tax Credits
Secured significant federal grants and tax credits, including a $700 million grant for the North Plains Connector project.
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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 |
|---|---|---|---|
| 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% |
| Feb 16, 2024 | $39.00 | $39.09 | +0.23% |
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 Company (POR) report earnings?
Portland General Electric Company (POR) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is Portland General Electric Company (POR) earnings time?
Portland General Electric Company (POR) earnings time is at Feb 14, 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 2024 (Q4) is 0.34.
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