POR

Portland General Electric Company ( POR ) Q3 2026 Earnings Call October 29, 2026 11:00 AM EDT Company Participants Erin Schwartz - Senior Manager of Investor Relations Maria Pope - President, CEO & Director Joseph Trpik - Senior VP of Finance & CFO Conference Call Participants Julien Dumoulin-Smith - Jefferies LLC, Research Division Shahriar Pourreza - Wells Fargo Securities, LLC, Research Division Steven Fleishman - Wolfe Research, LLC Christopher Ellinghaus - Siebert Williams Shank & Co., L.L.C., Research Division Aidan Kelly - JPMorgan Chase & Co, Research Division Anthony Crowdell - Mizuho Securities USA LLC, Research Division Gregg Orrill - UBS Investment Bank, Research Division Matthew David Rold - BofA Securities, Research Division Juan Vidales - Ladenburg Thalmann & Co. Inc. Travis Miller - Morningstar Inc., Research Division Paul Fremont - Ladenburg Thalmann & Co. Inc., Research Division Presentation Operator Good morning, everyone, and welcome to today's Conference Call with Portland General Electric.

Portland General Electric (POR) came out with quarterly earnings of $1.06 per share, missing the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $1 per share a year ago.

Third-quarter adjusted EPS of $1.06 reflects the unfavorable impact of historically mild weather Industrial customer demand grew 9% year over year, driven by continued growth from high-tech and data center customers Revising 2026 adjusted earnings guidance to $3.18 to $3.28 per diluted share, due to the impact of unusually mild weather during the third quarter; long-term guidance remains intact Portland, Oregon--(Newsfile Corp. - October 29, 2026) - Portland General Electric Company (NYSE: POR) today reported third quarter 2026 net income of $119 million, or $1.00 per diluted share, on a generally accepted accounting principles (GAAP) basis. After adjusting for business transformation, optimization and acquisition expenses, third quarter 2026 non-GAAP net income was $125 million, or $1.06 per diluted share.

Portland, Oregon--(Newsfile Corp. - October 23, 2026) - On October 23, 2026, the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.55125 per share. The company's dividend is evaluated based on capital requirements and financial performance.

Portland General Electric (POR) doesn't possess 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 faces heightened regulatory risk after Oregon's PUC invalidated a key settlement and imposed unprecedented restrictions on its proposed HoldCo/OpCo structure. POR's management decisively rejected the PUC's new demands, which included dividend payout controls, credit rating triggers, and equity floor restrictions, citing overreach and operational risk. Despite regulatory setbacks, POR remains attractively discounted relative to its historical P/E range, with upside potential as it expands into more favorable jurisdictions like Washington.

Years of investment and regional leadership position PGE to save customers an estimated $14 million annually while strengthening grid reliability Portland, Oregon--(Newsfile Corp. - October 1, 2026) - Portland General Electric (NYSE: POR) today began buying and selling energy through the California Independent System Operator's (CAISO) new Extended Day-Ahead Market (EDAM), putting years of technology investment and regional collaboration to work for customers. PGE is among the first utilities to participate in EDAM, which allows participating utilities to buy and sell energy in the day-ahead timeframe.

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Portland General Electric is positioned as an attractive long-term utility investment, trading at a discount due to perceived regulatory headwinds in Oregon. POR's upcoming acquisition of Pacificorp assets will expand operations into Washington, a more regulatorily friendly state, expected to reduce its valuation discount. Management maintains 2026 EPS guidance of $3.33–$3.53, with stronger earnings anticipated in the second half, aided by a 30% price increase for large load customers.

Portland General Electric (POR) came out with quarterly earnings of $0.64 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.66 per share a year ago.