Portland General Electric (NYSE:POR) Announces Earnings Results

Posted by Stanley Muller on Aug 2nd, 2026

Portland General Electric (NYSE:POR – Get Free Report) released its quarterly earnings results on Friday. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01), FiscalAI reports. The firm had revenue of $814.00 million for the quarter, compared to the consensus estimate of $839.75 million. Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the company earned $0.66 earnings per share. Portland General Electric updated its FY 2026 guidance to 3.330-3.530 EPS.

Here are the key takeaways from Portland General Electric’s conference call:

Positive Sentiment: PGE reported second-quarter non-GAAP earnings of $0.64 per diluted share, in line with expectations, and reaffirmed 2026 guidance of $3.33–$3.53 per share plus long-term earnings and dividend growth of 5%–7%.
Positive Sentiment: Industrial demand rose 11.2% year over year, driven by technology, semiconductor, and data-center customers. PGE expects approximately 10% annual growth in contracted large-customer capacity through 2030, while its newly approved large-load tariff raises data-center prices by about 30% and supports customer cost allocation.
Negative Sentiment: PGE plans to file a 2027 general rate case seeking a 4.8% overall price increase, including a 3.9% increase for residential customers. A separately forecast 2.4% reduction in net variable power costs could partially offset the increase beginning in January 2027.
Neutral Sentiment: The holding-company approval remains targeted for an August 25 decision, with settlement discussions continuing and some uncertainty over customer benefits and rate credits. Regulatory approvals for the Washington acquisition remain in progress, with closing still targeted for mid-2027.
Positive Sentiment: PGE advanced its renewable-resource procurement, with an OPUC-acknowledged shortlist spanning wind, solar, battery storage, and hybrid projects; contracts are expected by early 2027. The company also highlighted completed 2026 financing activity, unchanged investment-grade ratings, and a 5% annualized dividend increase.

Portland General Electric Price Performance

Portland General Electric stock opened at $49.44 on Friday. The business’s fifty day moving average is $51.19 and its two-hundred day moving average is $51.32. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.95 and a current ratio of 1.09. The firm has a market cap of $5.72 billion, a P/E ratio of 21.78, a P/E/G ratio of 2.13 and a beta of 0.52. Portland General Electric has a 52 week low of $40.81 and a 52 week high of $54.62.

Portland General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be given a $0.5513 dividend. The ex-dividend date is Friday, September 25th. This represents a $2.21 annualized dividend and a yield of 4.5%. Portland General Electric’s payout ratio is presently 98.21%.

Insiders Place Their Bets

In other news, Director Michael A. Lewis sold 1,537 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $51.83, for a total value of $79,662.71. Following the transaction, the director owned 15,045 shares of the company’s stock, valued at $779,782.35. This represents a 9.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert N. Hoglund acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of $48.80 per share, with a total value of $97,600.00. Following the completion of the purchase, the director owned 2,519 shares of the company’s stock, valued at $122,927.20. This trade represents a 385.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders sold 11,787 shares of company stock valued at $581,230. 0.52% of the stock is owned by corporate insiders.

Institutional Trading of Portland General Electric

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in shares of Portland General Electric by 42.2% during the fourth quarter. AQR Capital Management LLC now owns 3,551,731 shares of the utilities provider’s stock valued at $170,448,000 after purchasing an additional 1,054,450 shares during the last quarter. Millennium Management LLC raised its stake in Portland General Electric by 99.4% during the 3rd quarter. Millennium Management LLC now owns 1,385,777 shares of the utilities provider’s stock valued at $60,974,000 after buying an additional 690,743 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in Portland General Electric during the 3rd quarter valued at $22,391,000. Marshall Wace LLP bought a new position in shares of Portland General Electric during the 3rd quarter valued at $14,611,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of Portland General Electric by 56.1% during the 3rd quarter. Lazard Asset Management LLC now owns 852,157 shares of the utilities provider’s stock valued at $37,495,000 after buying an additional 306,390 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have commented on POR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Portland General Electric in a research report on Friday, May 15th. Zacks Research lowered shares of Portland General Electric from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Wells Fargo & Company set a $51.00 price target on shares of Portland General Electric in a report on Tuesday, April 21st. JPMorgan Chase & Co. upped their price objective on shares of Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Finally, BMO Capital Markets lowered their price target on Portland General Electric from $55.00 to $54.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Portland General Electric presently has an average rating of “Reduce” and a consensus price target of $50.90.

View Our Latest Research Report on Portland General Electric

Key Portland General Electric News

Here are the key news stories impacting Portland General Electric this week:

Positive Sentiment: Industrial customer demand increased 11% year over year, supported by continued expansion from high-tech and data-center customers. Management said second-quarter results reflected strong operational execution. Portland General Electric Announces Second Quarter 2026 Results
Positive Sentiment: POR reaffirmed its 2026 adjusted EPS guidance of $3.33 to $3.53, indicating that management continues to expect the business to perform within its previously established range. Portland General Electric Announces Second Quarter 2026 Results
Neutral Sentiment: The company proposed additional rate increases across customer classes. If approved, the changes could support revenue and cost recovery, although regulatory approval and potential customer resistance remain considerations. Portland General Electric proposes more rate increases across customer classes
Neutral Sentiment: Management’s earnings call emphasized operational execution, industrial-load growth and the company’s outlook, but did not appear to provide a major upward revision to guidance. POR Q2 2026 Earnings Call Transcript
Negative Sentiment: Second-quarter revenue was $814 million, below the $839.75 million analyst consensus, while adjusted EPS of $0.64 was slightly below the $0.65 consensus in some reports. GAAP EPS was $0.59, compared with $0.66 a year earlier. Portland General Electric earnings report
Negative Sentiment: The midpoint of POR’s 2026 adjusted EPS guidance is $3.43, modestly below the $3.39 consensus only at the midpoint? Actually, the range’s lower bound is below consensus and the midpoint is slightly above it; however, the broad range leaves limited upside certainty. Earnings also declined from the prior-year quarter, contributing to investor caution.

About Portland General Electric

(Get Free Report)

Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.