Portland General Electric

Portland General Electric Co. engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The firm also sells electricity and natural gas in the wholesale market to utilities, brokers, and power marketers. It also serves residential, commercial and non-residential customers. The company was founded by Edward L. Eastham and Parker F. Morey in 1888 and is headquartered in Portland, OR.

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Portland General Electric reports solid Q4 earnings amidst market challenges

Portland General Electric's Q4 2022 performance reflects resilience amidst challenges, with a strategic focus on clean energy projects and cost management strategies.
While facing inflation and market pressures, the company is actively pursuing federal funding opportunities and partnerships to ensure reliability and cost efficiency for customers.
Opportunities lie in future energy solutions, incorporating innovative technologies, and maintaining a steady earnings growth trajectory within the 5% to 7% range.

Portland General Electric (POR) reports strong Q1 earnings and growth opportunities

Portland General Electric (POR) delivered strong financial results driven by load growth and cost management.
Acquisitions of battery storage projects and strategic organizational changes position the company for growth.
Challenges include potential wildfire impacts and the need for battery resources for decarbonization plans.
Opportunities in grid stability, growth plans, and renewable energy initiatives are key focus areas.

Portland General Electric reports solid Q2 earnings amidst market challenges

Portland General Electric's Q2 performance reflected a mix of positive and challenging factors, with a focus on clean energy and sustained growth.
While facing market volatility and financial challenges, the company maintains its commitment to long-term earnings growth and value creation.
Investments in renewable resources and transmission projects signal opportunities for future growth and market integration for Portland General Electric.

Portland General Electric reports Q3 earnings decline amidst growth prospects

Portland General Electric's Q3 performance reflected a mix of challenges and strengths, with notable industrial load growth and ongoing efforts to manage customer energy usage patterns.
The company's focus on grid improvements, clean energy transition, and regulatory progress positions it well for long-term earnings growth and resilience.
Despite facing challenges from energy efficiency trends and power costs, Portland General Electric is actively pursuing opportunities for growth and grid enhancement.

Portland General Electric reports resilient performance amidst weather challenges

Portland General Electric navigated through weather challenges to deliver solid financial performance in 2023, focusing on industrial load growth and clean energy investments.
Despite facing a severe storm and increased transmission spending, the company maintains a strong liquidity position and aims for balanced growth strategies.
Opportunities lie in transmission projects, renewable development, and energy solutions to drive future growth and address evolving customer needs and market dynamics.

Portland General Electric reports robust Q1 earnings and growth plans

Portland General Electric (POR) demonstrated strong financial performance in Q1 2024 with a focus on clean energy transformation.
The company faces challenges in managing power costs and storm-related expenses while pursuing growth opportunities in battery projects and transmission investments.
Reaffirmed guidance and capital plans indicate a strategic approach to long-term earnings growth and operational excellence.

Portland General Electric (POR) reports robust Q2 earnings amidst challenges

Portland General Electric (POR) delivered strong financial results in Q2 2024, driven by industrial demand growth and cost management, amidst challenges from a regional heat wave.
The company's focus on wildfire mitigation, renewable energy projects, and operational enhancements positions it well for future growth and resilience.
With a reaffirmed guidance and strong liquidity position, Portland General Electric (POR) remains committed to sustainable growth and operational excellence.

Portland General Electric reports robust Q3 earnings and clean energy focus

Portland General Electric (POR) delivered strong financial performance in Q3 2024, driven by improved power cost performance and industrial demand growth.
The company's focus on clean energy initiatives, operational efficiencies, and customer affordability positions it well for sustainable growth and transformation.
While facing challenges in regulatory discussions and wildfire risk mitigation, POR has opportunities to expand clean energy projects, enhance stakeholder collaboration, and capitalize on industrial demand growth.
With a solid financial foundation and strategic initiatives in place, POR is poised to navigate challenges, leverage opportunities, and drive long-term value for stakeholders.

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Portland General Electric Co. engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It also sells electricity and natural gas in the wholesale market to utilities, brokers, and power marketers. The company was founded by Edward L. Eastham and Parker F. Morey in 1888 and is headquartered in Portland, OR.

Rate decision supports investments in battery storage, transmission infrastructure and maintenance to improve reliability for customers. PORTLAND, Ore.

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AGR and Portland General Electric sign a power purchase agreement for a 120-MWac solar project in Oregon.

Avangrid, Portland General Electric Ink PPA for 120MWac Solar Project

PORTLAND, Ore.--(BUSINESS WIRE)--Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and Portland General Electric (PGE) (NYSE: POR), are announcing the signing of a Power Purchase Agreement (PPA) for Tower Solar, a new 120 MWac (166 MWdc) solar energy project now under construction in Morrow County, Oregon, in collaboration with QTS and Meta. The facility will deliver clean, renewable energy to Portland General Electric's grid through Green Futur.

Avangrid and Portland General Electric Collaborate with QTS and Meta to Build 120 MWac Solar Project in Oregon

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The Clearwater Wind Energy Center helped PGE generate more than one gigawatt of power from wind sources alone for the first time in company history PORTLAND, Ore. , Nov. 13, 2024 /PRNewswire/ -- In its first ten months serving PGE customers, the Clearwater Wind Energy Center contributed to new records for PGE wind generation, including helping the company produce one gigawatt of power from wind sources alone – a new milestone.

Portland General Electric's new wind farm contributes to record-high wind generation for Oregon customers

Portland General Electric Company (NYSE:POR ) Q3 2024 Earnings Conference Call October 25, 2024 11:00 AM ET Company Participants Nick White - Manager, Investor Relations Maria Pope - President and Chief Executive Officer Joe Trpik - Senior Vice President Finance and Chief Financial Officer Conference Call Participants Richard Sunderland - JPMorgan Shar Pourreza - Guggenheim Partners Nicholas Campanella - Barclays Michael Lonegan - Evercore ISI Travis Miller - Morningstar Inc Anthony Crowdell - Mizuho Chris Ellinghaus - Siebert Williams Shank. Paul Fremont - Ladenburg Thalmann & Co. Inc. Operator Good morning, everyone, and welcome to Portland General Electric Company's Third Quarter 2024 Earnings Results Conference Call.

Portland General Electric Company (POR) Q3 2024 Earnings Call Transcript

Portland General Electric (POR) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.46 per share a year ago.

Portland General Electric (POR) Beats Q3 Earnings and Revenue Estimates

Third quarter results reflect improved power cost conditions and continued robust demand growth from high-tech and data center customers Narrowing 2024 adjusted earnings guidance from $2.98 to $3.18 to a revised range of between $3.08 and $3.18 per diluted share to reflect year-to-date performance PORTLAND, Ore. , Oct. 25, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $94 million, or $0.90 per diluted share, for the third quarter of 2024.

Portland General Electric Announces Third Quarter 2024 Results

PORTLAND, Ore. , Oct. 18, 2024 /PRNewswire/ -- On October 18, 2024, the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.50 per share.

Portland General Electric declares dividend

PORTLAND, Ore. , Sept. 25, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m.

Portland General Electric schedules earnings release and conference call for Friday, October 25

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Portland General Electric Company (NYSE:POR ) Q2 2024 Earnings Conference Call July 26, 2024 11:00 AM ET Company Participants Nick White - Manager, Investor Relations Maria Pope - President and Chief Executive Officer Joe Trpik - Senior Vice President of Finance and Chief Financial Officer Conference Call Participants Nick Campanella - Barclays Shahriar Pourreza - Guggenheim Partners Richard Sunderland - JP Morgan Paul Fremont - Ladenburg Thalmann Sophie Karp - KeyBanc Capital Markets, Inc. Gregg Orrill - UBS Julian Dumoulin - Jefferies Operator Good morning, everyone, and welcome to Portland General Electric Company's second Quarter 2024 Earnings Results Conference Call. Today is Friday, July 26, 2024.

Portland General Electric Company (POR) Q2 2024 Earnings Call Transcript

Portland General Electric (POR) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.44 per share a year ago.

Portland General Electric (POR) Surpasses Q2 Earnings and Revenue Estimates

Second quarter results reflect continued focus on execution and cost management, semiconductor manufacturing and data center demand growth, and solid power cost performance Reaffirming 2024 adjusted earnings guidance of $2.98 to $3.18 per diluted share PORTLAND, Ore. , July 26, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $72 million, or $0.69 per diluted share, for the second quarter of 2024.

Portland General Electric Announces Second Quarter 2024 Results

KeyBanc Capital Markets analysts upgraded Portland General Electric Company POR to Overweight from Sector Weight, with a $52 price target.

Portland General Electric's Data Centers, Industry Growth Fuel Stock Upgrade

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Portland General Electric (POR) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Portland General Electric (POR) a New Strong Buy Stock

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Stocks like California Water Service Group (CWT), Atmos Energy Corporation (ATO), Portland General Electric Company (POR), Colgate-Palmolive Company (CL) and Utz Brands, Inc. (UTZ) are a safe bet during times of uncertainty.

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Portland General (POR) makes a strong case for investment, given its earnings and sales growth prospects, increasing consumer demand, and highly liquid operations.

Reasons to Add Portland General (POR) to Your Portfolio Now

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PORTLAND, Ore. , June 26, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m.

Portland General Electric schedules earnings release and conference call for Friday, July 26

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News for Portland General Electric Stock (POR)