Portland General Electric (NYSE:POR – Get Free Report) posted its earnings results on Thursday. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.05), FiscalAI reports. Portland General Electric had a return on equity of 7.66% and a net margin of 7.68%. The firm had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned $1.00 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year.
Here are the key takeaways from Portland General Electric’s conference call:
- 2026 adjusted EPS guidance was reduced to $3.18–$3.28 per share from $3.33–$3.53, reflecting historically mild second-half weather and weaker residential and commercial demand.
- Industrial demand increased 9% year over year, and PGE raised its expected large-customer capacity growth to 12% annually through 2030. The new large-load tariff contributed approximately $4 million of third-quarter margin while protecting residential customers from costs associated with data-center expansion.
- The proposed holding company remains unresolved after regulators imposed conditions PGE considers unworkable, particularly regarding credit-rating downgrades and dividend restrictions. The company expects a Commission decision by December 7 but says its capital plan and long-term guidance do not depend on approval.
- PGE signed build-transfer agreements for the Biglow and Salmonfly solar-plus-storage projects, representing approximately $1.75 billion of anticipated investment, while maintaining its 5%–7% long-term EPS and dividend growth outlook.
- The company reported strong cost execution, including an $11 million O&M benefit in the quarter, launched participation in the Western Extended Day-Ahead Market, and increased its quarterly dividend by 5% to $0.55125 per share.
Portland General Electric Price Performance
Shares of Portland General Electric stock traded up $0.26 during trading hours on Friday, reaching $44.45. 2,463,101 shares of the company’s stock were exchanged, compared to its average volume of 2,788,403. Portland General Electric has a 1 year low of $43.26 and a 1 year high of $54.62. The company has a market capitalization of $5.23 billion, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 2.75 and a beta of 0.49. The business has a fifty day moving average of $46.48 and a two-hundred day moving average of $50.00. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 1.21.
Portland General Electric Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, December 22nd will be issued a dividend of $0.5513 per share. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $2.21 dividend on an annualized basis and a dividend yield of 5.0%. Portland General Electric’s dividend payout ratio is presently 94.42%.
Analyst Ratings Changes
A number of analysts have recently commented on POR shares. BMO Capital Markets cut their price objective on Portland General Electric from $52.00 to $47.00 and set a “market perform” rating for the company in a research report on Wednesday, September 30th. UBS Group decreased their target price on Portland General Electric from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, September 28th. Zacks Research raised shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings lowered shares of Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, August 27th. Finally, Wells Fargo & Company cut their price target on shares of Portland General Electric from $58.00 to $56.00 and set an “overweight” rating for the company in a report on Friday. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.06.
View Our Latest Report on Portland General Electric
Trending Headlines about Portland General Electric
Here are the key news stories impacting Portland General Electric this week:
- Positive Sentiment: Industrial customer demand increased 9% year over year, supported by continued growth from high-tech and data-center customers. Management said long-term guidance remains intact despite the near-term weather impact. Portland General Electric Announces Third Quarter 2026 Results
- Positive Sentiment: Wells Fargo maintained an “overweight” rating on POR and continues to see substantial potential upside, although it reduced its price target to $56 from $58. Wells Fargo Portland General Electric rating
- Neutral Sentiment: Third-quarter adjusted earnings rose to $1.06 per share from $1.00 a year earlier, while revenue increased 2% to $971 million. However, both figures were below consensus estimates of $1.11 in adjusted EPS and approximately $1.02 billion in revenue. Portland General Electric third-quarter earnings
- Negative Sentiment: Portland General Electric lowered its 2026 adjusted earnings guidance to $3.18-$3.28 per share, citing unusually mild weather during the third quarter. The revision reinforces concerns about near-term earnings pressure, even though management left its longer-term outlook unchanged. Portland General Electric lowers 2026 outlook
- Negative Sentiment: The earnings shortfall and guidance reduction are the main reasons investors may remain cautious on POR, particularly as the company’s current-year outlook is now below the previously expected $3.32 per share.
About Portland General Electric
Portland General Electric Company (NYSE:POR) is an investor-owned electric utility that generates, purchases, transmits, distributes and sells electricity to residential, commercial and industrial customers. The company also offers energy-management programs, renewable energy options and other services designed to support energy efficiency and electrification.
PGE serves communities throughout the state of Oregon, including the Portland metropolitan area and the Willamette Valley. Its operations include a diverse portfolio of power generation resources, transmission and distribution infrastructure, and programs supporting the integration of renewable energy and electric vehicles.
The company traces its history to the development of electric service in Oregon in the late 19th century.
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