Portland General Electric Company (POR)
NYSE:POR
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Earnings Data
Report Date
Jul 24, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.74Last Year’s EPS
0.66Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of substantial positives—reaffirmed full-year guidance, strong industrial/data center demand (10% growth), solid liquidity ($954M), a dividend increase (5%), progress on the Washington acquisition and regulatory filings, and accelerated cost-management initiatives—while acknowledging meaningful near-term headwinds driven primarily by unusually mild winter weather, reduced residential and commercial usage (residential down 6.2%), a Q1 EPS shortfall of $0.25, power cost pressures, and ongoing regulatory uncertainties. Management emphasized confidence in cost levers and reiterated guidance, positioning the company as resilient but exposed to weather and regulatory timing risk.Company Guidance
Earnings Results (GAAP and Non-GAAP)
Q1 GAAP net income of $45 million, or $0.38 per diluted share; Q1 non-GAAP net income of $68 million, or $0.58 per diluted share (non-GAAP excludes Jan 2024 storm deferral adjustments and transformation/acquisition expenses).
Reaffirmed Full-Year Guidance and Long-Term Targets
Company reaffirmed full-year adjusted earnings guidance of $3.33 to $3.53 per diluted share and reiterated long-term earnings and dividend growth guidance of 5% to 7%.
Strong Industrial / Data Center Demand
Industrial customer demand grew 10% year-over-year (nominal and weather-adjusted); company expects large customer capacity to grow ~10% CAGR through 2030; data center customer load up 10% vs Q1 prior year.
Liquidity and Financing Strength
Total liquidity of $954 million at quarter end; maintained investment-grade credit ratings; executed $550 million equity forward and secured a $350 million term loan plus a $680 million delayed-draw term loan; estimated 2026 CFO-to-debt above 19%.
Dividend Increase
Board declared quarterly common stock dividend of $0.55125 per share, representing a 5% increase on an annualized basis; reaffirmed payout target of 60%–70%.
Regulatory and M&A Progress
Filed applications for Washington acquisition with WA and OR commissions, targeting ~one-year regulatory process and mid-2027 close; holding company docket advancing with target final order likely in August (procedural schedule modestly extended).
Tariff Action for Large Loads / Data Centers
Large-load tariff UM 2377 in final OPUC review; proposed rate structure includes a 26% increase in data center prices applicable to existing and new data center customers to reduce costs borne by residential and small business customers.
Clean Energy Procurement & Wildfire Planning
Filed 2025 RFP shortlist aiming to procure ~2,500 MW of diverse projects; filed a three-year (2026–2028) wildfire mitigation plan and reported year-round, risk-based wildfire mitigation on track.
Cost Management Momentum
Company highlighted acceleration of multiyear cost management program, referenced $25 million saved in prior year, and intends to deploy additional cost and capital timing levers to offset Q1 impacts and reaffirm full-year guidance.
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
POR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2026 | $51.93 | $49.73 | -4.24% |
Feb 17, 2026 | $53.44 | $52.02 | -2.67% |
Oct 31, 2025 | $44.83 | $44.71 | -0.26% |
Jul 25, 2025 | $38.42 | $40.04 | +4.20% |
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.
FAQ
When does Portland General Electric Company (POR) report earnings?
Portland General Electric Company (POR) is schdueled to report earning on Jul 24, 2026, Before Open (Confirmed).
What is Portland General Electric Company (POR) earnings time?
Portland General Electric Company (POR) earnings time is at Jul 24, 2026, Before Open (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 2026 (Q2) is 0.74.