Portland General Electric Company·Utilities

Portland General Electric offers a discounted entry as it expands from Oregon into more regulatory-friendly Washington, targeting long-term multiple rerating. POR's Q1 earnings dropped year-over-year due to seasonality and one-off regulatory adjustments, but management reaffirmed full-year guidance and expects stronger summer performance. The Washington asset acquisition is on track for 2027, with POR restructuring into a HoldCo/subsidiary model to streamline multi-state operations and regulatory compliance.

NextEra Energy's (NYSE: NEE | NEE Price Prediction) agreement to acquire Dominion Energy (NYSE: D) in a roughly $67 billion all-stock deal has investors hunting for the next big utility consolidation targets.

Portland General Electric Company (POR) Q1 2026 Earnings Call Transcript

Portland General Electric (POR) came out with quarterly earnings of $0.58 per share, missing the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.91 per share a year ago.

First quarter financial results reflect unusual mild winter weather and lower residential and commercial seasonal usage Industrial customer demand grew 10% quarter-over-quarter, driven by continued growth from data center and high tech customers Reaffirming 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share PORTLAND, Ore., May 1, 2026 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $45 million, or $0.38 per diluted share, for the first quarter of 2026.

Pinnacle West (PNW) 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 Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2021, the company owned an electric transmission system consisting of 1,274 circuit miles, including 287 circuit miles of 500 kilovolt line, 415 circuit miles of 230 kilovolt line, and 572 miles of 115 kilovolt line. It has 28,206 circuit miles of distribution lines. The company also purchases and sells wholesale natural gas in the United States and Canada. It serves approximately 917 thousand residential, commercial, and industrial customers in 51 cities. The company was founded in 1889 and is headquartered in Portland, Oregon.
Utilities
Regulated Electric
2,915
2006-03-31
0.56