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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 Company (POR) Q2 2026 Earnings Call Transcript

Second quarter financial results were consistent with guidance and reflect strong operational execution Industrial customer demand grew 11% year-over-year, driven by continued growth from high-tech and data center customers Reaffirming 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share , /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported second quarter 2026 net income of $68 million, or $0.59 per diluted share, on a generally accepted accounting principles (GAAP) basis. After adjusting for business transformation, optimization and acquisition expenses, second quarter 2026 non-GAAP net income was $74 million, or $0.64 per diluted share. This compares with second quarter 2025 GAAP net income of $62 million, or $0.56 per diluted share, and non-GAAP net income of $73 million, or $0.66 per diluted share.

"Affordability remains a national focus, and we have taken proactive steps to address customer cost pressures while supporting continued economic growth in our region. The approval of our large customer tariff reflects several years of legislative and regulatory work. It results in data center pricing increasing by approximately 30%, while lowering costs for all other customers," said Maria Pope, President and CEO. "As we enter the second half of 2026, we are focused on operational execution, meeting the opportunities of continued customer growth, and advancing major regulatory proceedings including our holding company and Washington acquisition filings."

Second Quarter 2026 Earnings Compared to Second Quarter 2025 Earnings

On a GAAP basis, total revenues increased due to higher cost recovery and increased energy deliveries, primarily driven by continued industrial load growth of 11.2%, while residential and commercial loads were relatively flat year over year. Purchased power and fuel expense increased due to expected intra-year timing differences between power cost recognition and revenue collections. Operations and maintenance expense decreased, reflecting ongoing cost management efforts, while depreciation and interest expense increased due to continued capital investment in the system.

Additional Company Updates

Regulatory Update

The New Large Load Tariff (docket UM 2377) was approved by the OPUC in May 2026 and established a new rate class for large load customers. It also established an important framework that better aligns infrastructure costs with the customers driving new system growth while helping reduce costs for residential and small business customers. New prices became effective July 8, 2026, which included an average rate increase of approximately 30% for data center and other new large load customers, while lowering rates for all other customers.

Corporate Structure / Holding Company Update

PGE continued to advance its proposed holding company structure, with OPUC Staff recommending approval of the proposal, subject to certain conditions. The proposed structure is expected to enhance financing flexibility and support continued investment in clean energy, reliability, and infrastructure needed to serve customers over time. 

General Rate Case

Next week, PGE will file its 2027 general rate case with the OPUC. As proposed, the case would result in an approximate 4.8% overall increase relative to currently approved prices. If approved, new rates would take effect July 1, 2027. This increase is expected to be partially offset by lower net variable power costs in 2027, which are addressed separately through the Annual Power Cost Update Tariff, and are currently forecasted to reduce customer prices by approximately 2.4% beginning January 1, 2027.

2025 All-Source Request for Proposals

The OPUC acknowledged our 2025 RFP final shortlist on May 26, 2026, marking an important milestone in the resource procurement process. We are now moving into commercial negotiations and expect to execute contracts by early 2027, subject to final negotiations and Board approvals.

Quarterly Dividend

As previously announced, on July 24, 2026, the board of directors of Portland General Electric Company approved a quarterly common stock dividend of 55.125 cents per share. The quarterly dividend is payable on or before October 15, 2026 to shareholders of record at the close of business on September 25, 2026.

2026 Earnings Guidance

PGE is reaffirming its estimate for full-year 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share based on the following assumptions:

An increase in energy deliveries between 1.5% and 2.5%, weather adjusted; Execution of power cost and financing plans; Execution of operating cost management plan; Normal temperatures in its utility service area for the remainder of the year; Hydro conditions for the year that reflect current estimates; Wind generation based on five years of historical levels or forecast studies when historical data is not available; Normal thermal plant operations; Operating and maintenance expense between $810 million and $830 million which includes approximately $150 million of wildfire, vegetation management, deferral amortization and other expenses that are offset in other income statement lines and $26 million of business transformation, optimization and acquisition expenses and $4 million of regulatory deferral adjustments related to the January 2024 storm and 2024 reliability contingency event; Depreciation and amortization expense between $570 million and $590 million; Effective tax rate of 15% to 20%; Cash from operations of $1,000 to $1,200 million; Capital expenditures of $1,655 million; and Average construction work in progress balance of $780 million. Second Quarter 2026 Earnings Call and Webcast — July 31, 2026

PGE will host a conference call with financial analysts and investors on Friday, July 31, 2026, at 11 a.m. ET. The conference call will be webcast live on the PGE website at investors.portlandgeneral.com. A webcast replay will also be available on PGE's investor website "Events & Presentations" page beginning at 2 p.m. ET on July 31, 2026.

Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Erin Schwartz, Senior Manager of Investor Relations, will participate in the call. Management will respond to questions following formal comments.

Non-GAAP Financial Measures

This press release contains certain non-GAAP measures, such as adjusted earnings, adjusted EPS and adjusted earnings guidance. These non-GAAP financial measures exclude significant items that are generally not related to our ongoing business activities, are infrequent in nature, or both. PGE believes that excluding the effects of these items provides an alternative measure of the Company's comparative earnings per share and enables investors to evaluate the Company's operating financial performance trends, exclusive of items that are not normally associated with ongoing operations. Management utilizes non-GAAP measures to assess the Company's current and forecasted performance, and for communications with shareholders, analysts and investors. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP.

Items in the periods presented, which PGE believes impact the comparability of comparative earnings and do not represent ongoing operating financial performance, include the following:

Business transformation and optimization expenses, including strategic advisory, workforce realignment, corporate structure update costs and Washington acquisition related expenses including legal, financing and strategic advisory costs. Due to the forward-looking nature of PGE's non-GAAP adjusted earnings guidance, and the inherently unpredictable nature of items and events which could lead to the recognition of non-GAAP adjustments (such as, but not limited to, regulatory disallowances or extreme weather events), management is unable to estimate the occurrence or value of specific items requiring adjustment for future periods, which could potentially impact the Company's GAAP earnings. Therefore, management cannot provide a reconciliation of non-GAAP adjusted earnings per share guidance to the most comparable GAAP financial measure without unreasonable effort. For the same reasons, management is unable to address the probable significance of unavailable information.

PGE's reconciliation of non-GAAP earnings for the quarters ended June 30, 2026 is below.

Non-GAAP Earnings Reconciliation for the quarter ended June 30, 2026

(Dollars in millions, except EPS)

Net Income

Diluted EPS

GAAP as reported for the quarter ended June 30, 2026

$        68

$        0.59

Exclusion of business transformation, optimization and acquisition expenses

8

0.07

Tax effect (1)

(2)

(0.02)

Non-GAAP as reported for the quarter ended June 30, 2026

$        74

$        0.64

(1)

Tax effects were determined based on the Company's full-year blended federal and state statutory rate.

About Portland General Electric Company

Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/news.

Safe Harbor Statement

Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent our estimates and assumptions as of the date of this report, and PGE assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. Investors should not rely unduly on any forward-looking statements.

Forward-looking statements include statements, other than statements of historical or current fact, regarding PGE's earnings guidance (including all the assumptions and expectations  upon which such guidance is based), PGE's proposed purchase of electric utility operations and certain assets in Washington state from PacifiCorp (Acquisition), and PGE's operating and financing plans, as well as other statements containing words such as "anticipates," "assumptions," "believes," "continue," "could," "estimates," "expected," "forecast," "guidance," "may," "plans," "proposed," "seeks," "should," "will," "working to," or similar expressions.

Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, which could cause future events and actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. Such risks, uncertainties and other factors include, without limitation: wildfire and public safety risks, including ignitions caused by PGE assets, the effectiveness of wildfire mitigation, vegetation management, and system hardening, the ability to implement public safety power shutoffs (PSPS), related liability exposure, and the timing and extent of regulatory cost recovery; severe weather, climate, and catastrophe risks, including extreme or unseasonable weather and other natural or human caused disasters that could endanger public safety, disrupt operations, damage assets, limit access to power or fuel supplies, increase costs, or adversely affect cost recovery; electric system operational risks, including forced outages, fires, equipment failures, adverse hydro or wind conditions, fuel supply disruptions, and complications at jointly owned facilities, resulting in increased costs or the need to procure replacement power; power and fuel supply and price risks, including availability, counterparty nonperformance, and volatility in wholesale electricity, natural gas, coal, and other fuel markets; regulatory, legislative, and policy risks, including new or revised laws, regulations, executive actions, audits, investigations, and proceedings that could affect rates, cost recovery, operations, capital plans, or financial results; Acquisition risks, including risks related to regulatory approvals, financing and joint‑venture arrangements, integration and operational execution, cost recovery, and the possibility that the anticipated benefits of the Acquisition are delayed, not realized, or cost more than expected; environmental compliance and permitting risks, including evolving environmental laws and permitting requirements and site specific remediation obligations, such as Superfund liabilities, where uncertainties regarding remediation scope, cost allocation, litigation, and regulatory cost recovery could result in material costs or adversely affect PGE's financial position, results of operations, or cash flows; capital investment and execution risks, including supply chain disruptions, cost inflation, labor constraints, permitting delays, contractual disputes, counterparty failures, or project abandonment, which could impair timely completion or cost recovery; load growth and demand uncertainty, including accelerated or uneven growth from large customers such as data centers, changes in customer usage patterns, variability in demand driven by weather variations, and reduced consumption or load shifting resulting from price increases, energy efficiency measures or other changes in customer behavior; customer choice and market structure risks, including reduced demand or usage shifts due to distributed generation or increased procurement from alternative providers, such as registered Electricity Service Suppliers (ESSs) or community choice aggregation programs; cybersecurity and physical security risks, including cyberattacks, data breaches, physical attacks, the use or misuse of artificial intelligence technologies, or other malicious acts that could damage assets, disrupt systems, or result in the disclosure of sensitive information; geopolitical and macroeconomic risks, including acts of war, terrorism, or civil unrest—such as the escalation of US operations in the Middle East—that could disrupt energy markets or supply chains, increase costs, or contribute to volatility in capital markets, inflation, or interest rates; economic and financial market risks, including availability and cost of capital, interest rate and equity market volatility, inflation, and trade tariffs affecting operating or capital costs; legal and litigation risks, including the timing and outcome of judicial, administrative, or regulatory proceedings, which may result in material liabilities or costs; workforce and labor risks, including labor strikes, work stoppages, collective bargaining disputes, the ability to attract and retain skilled employees, and transitions in senior management; resource procurement and All-Source Request for Proposals (RFP) project risks, including uncertainties related to the availability, cost, permitting, financing, and performance of resources selected through RFP or other regulatory processes and associated regulatory and counterparty risks; insurance availability and cost, particularly for wildfire or catastrophe related coverage; accounting, tax, and policy changes, including changes in accounting standards, tax laws, or regulatory accounting policies that could affect reported results or cash flows; and the other risks and uncertainties set forth in PGE's Annual Report on Form 10‑K for the year ended December 31, 2025, as filed with the SEC.

Source: Portland General Electric Company

PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Dollars in millions, except per share amounts)

(Unaudited)

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Revenues:

Revenues, net

$

811

$

798

$

1,674

$

1,730

Alternative revenue programs, net of amortization

3

9

19

5

Total revenues

814

807

1,693

1,735

Operating expenses:

Purchased power and fuel

296

294

657

662

Generation, transmission and distribution

112

114

222

224

Administrative and other

90

96

196

192

Depreciation and amortization

143

139

287

279

Taxes other than income taxes

52

46

103

92

Total operating expenses

693

689

1,465

1,449

Income from operations

121

118

228

286

Interest expense, net

61

57

121

113

Other income:

Allowance for equity funds used during construction

6

6

9

11

Miscellaneous income, net

14

7

18

12

Other income, net

20

13

27

23

Income before income tax expense

80

74

134

196

Income tax expense

12

12

21

34

Net income and Comprehensive income

$

68

$

62

$

113

$

162

Weighted-average common shares outstanding (in thousands):

Basic

115,733

109,522

115,687

109,473

Diluted

116,376

109,765

116,285

109,725

Earnings per share:

Basic

$

0.59

$

0.56

$

0.97

$

1.48

Diluted

$

0.59

$

0.56

$

0.97

$

1.47

PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)

(Unaudited)

June 30,

2026

December 31,

2025

ASSETS

Current assets:

Cash and cash equivalents

$

35

$

76

Accounts receivable, net

410

460

Inventories

126

124

Regulatory assets—current

255

168

Other current assets

218

244

Total current assets

1,044

1,072

Electric utility plant, net

11,535

10,993

Regulatory assets—noncurrent

521

619

Nuclear decommissioning trust

46

42

Non-qualified benefit plan trust

38

36

Other noncurrent assets

459

468

Total assets

$

13,643

$

13,230

PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS, continued

(In millions, except share amounts)

(Unaudited)

June 30,

2026

December 31,

2025

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:

Accounts payable

$

451

$

330

Liabilities from price risk management activities—current

140

158

Current portion of finance lease obligation

27

27

Accrued expenses and other current liabilities

451

478

Total current liabilities

1,069

993

Long-term debt, net of current portion

4,928

4,662

Regulatory liabilities—noncurrent

1,507

1,490

Deferred income taxes

639

601

Deferred investment tax credits

190

194

Unfunded status of pension and postretirement plans

94

107

Liabilities from price risk management activities—noncurrent

66

56

Asset retirement obligations

301

299

Non-qualified benefit plan liabilities

67

70

Finance lease obligations, net of current portion

256

263

Other noncurrent liabilities

403

362

Total liabilities

9,520

9,097

Commitments and contingencies (see notes)

Shareholders' Equity:

Preferred stock, no par value, 30,000,000 shares authorized; none issued and
outstanding as of June 30, 2026 and December 31, 2025

—

—

Common stock, no par value, 160,000,000 shares authorized; 115,785,254
and 115,559,079 shares issued and outstanding as of June 30, 2026 and
December 31, 2025, respectively

2,385

2,382

Accumulated other comprehensive loss

(4)

(4)

Retained earnings

1,742

1,755

Total shareholders' equity

4,123

4,133

Total liabilities and shareholders' equity

$

13,643

$

13,230

PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

(Unaudited)

Six Months Ended June 30,

2026

2025

Cash flows from operating activities:

Net income

$

113

$

162

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

287

279

Deferred income taxes

13

25

Allowance for equity funds used during construction

(9)

(11)

Alternative revenue programs

(19)

(5)

Regulatory assets

3

(3)

Regulatory liabilities

4

(16)

Tax credit sales

12

13

Other non-cash income and expenses, net

61

49

Changes in working capital:

Accounts receivable, net

47

52

Inventories

(2)

(9)

Margin deposits

50

85

Accounts payable and accrued liabilities

(53)

(35)

Margin deposits from wholesale counterparties

8

—

Other working capital items, net

12

22

Other, net

(39)

(41)

Net cash provided by operating activities

488

567

Cash flows from investing activities:

Capital expenditures

(635)

(596)

Sales of Nuclear decommissioning trust securities

3

1

Purchases of Nuclear decommissioning trust securities

(3)

(3)

Other, net

(15)

(11)

Net cash used in investing activities

(650)

(609)

PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, continued

(In millions)

(Unaudited)

Six Months Ended June 30,

2026

2025

Cash flows from financing activities:

Proceeds from issuance of long-term debt

$

270

$

310

Payments on long-term debt

—

(102)

Dividends paid

(120)

(109)

Other

(29)

(13)

Net cash provided by financing activities

121

86

Change in cash and cash equivalents

(41)

44

Cash and cash equivalents, beginning of period

76

12

Cash and cash equivalents, end of period

$

35

$

56

Supplemental cash flow information is as follows:

Cash paid for interest, net of amounts capitalized

$

103

$

94

Cash received for income taxes, net

(2)

(3)

PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIES

SUPPLEMENTAL OPERATING STATISTICS

(Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Retail:

Residential

$

334

41

%

$

311

39

%

$

728

43

%

$

740

43

%

Commercial

248

31

234

29

483

29

476

27

Industrial

156

19

128

16

295

17

255

15

Subtotal

738

91

673

84

1,506

89

1,471

85

Direct access:

Commercial

4

—

4

—

7

—

8

—

Industrial

8

1

6

1

14

1

11

1

Subtotal

12

1

10

1

21

1

19

1

Subtotal Retail

750

92

683

85

1,527

90

1,490

86

Alternative revenue programs, net of amortization

3

0

9

1

19

1

5

—

Other accrued revenues, net

(2)

—

6

—

(5)

—

10

1

Total retail revenues

751

92

698

86

1,541

91

1,505

87

Wholesale revenues

39

5

88

11

102

6

188

11

Other operating revenues

24

3

21

3

50

3

42

2

Total revenues

$

814

100

%

$

807

100

%

$

1,693

100

%

$

1,735

100

%

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

%
Change

% 
Change
(Weather-
Adjusted)

2026

2025

%
Change

%
Change
(Weather-
Adjusted)*

Energy deliveries:

Retail:

Residential

1,591

1,571

1.3

%

(1.4)

%

3,678

3,797

(3.1)

%

(3.3)

%

Commercial

1,529

1,546

(1.1)

(2.0)

3,123

3,178

(1.7)

(1.8)

Industrial

1,633

1,416

15.3

15.2

3,161

2,814

12.3

12.3

Subtotal

4,753

4,533

4.9

3.5

9,962

9,789

1.8

1.6

Direct access:

Commercial

118

135

(12.6)

(12.6)

234

264

(11.4)

(11.4)

Industrial

513

513

—

—

1,010

956

5.6

5.6

Subtotal

631

648

(2.6)

(2.6)

1,244

1,220

2.0

2.0

Total retail

5,384

5,181

3.9

2.7

%

11,206

11,009

1.8

1.7

%

Wholesale

1,515

2,439

(37.9)

2,914

4,418

(34.0)

Total

6,899

7,620

(9.5)

%

14,120

15,427

(8.5)

%

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

% Change

2026

2025

% Change

Average number of retail customers:

Residential

846,367

839,923

1

%

845,926

838,516

1

%

Commercial

114,523

114,230

—

114,533

114,211

—

Industrial

222

218

2

221

217

2

Direct access

502

729

(31)

518

659

(21)

Total

961,614

955,100

1

%

961,198

953,603

1

%

PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIES

SUPPLEMENTAL OPERATING STATISTICS, continued

(Unaudited)

Heating Degree-days

Cooling Degree-days

2026

2025

Avg.

2026

2025

Avg.

First Quarter

1,737

1,772

1,828

—

4

—

April

303

248

349

—

—

3

May

122

160

169

27

14

26

June

52

56

62

106

88

86

Second Quarter

477

464

580

133

102

115

Year-to-date

2,214

2,236

2,408

133

106

115

(Decrease)/Increase from the 15-year average

(8)

%

(7)

%

16

%

(8)

%

Note: "Average" amounts represent the 15-year rolling averages provided by the National Weather Service (Portland Airport).

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Generation:

Thermal:

Natural gas

1,395

21

%

2,279

32

%

3,735

28

%

5,396

37

%

Coal

193

3

294

4

515

4

827

6

Total thermal

1,588

24

2,573

36

4,250

32

6,223

43

Hydro

242

4

328

5

591

4

770

5

Wind

767

12

866

12

1,315

10

1,465

10

Total generation

2,597

40

3,767

53

6,156

46

8,458

58

Purchased power:

Hydro

1,196

18

2,024

29

2,691

20

3,772

26

Wind

416

6

302

4

735

5

591

4

Solar

672

10

419

6

934

7

593

4

Natural Gas

193

3

—

—

624

5

—

—

Waste, Wood, and Landfill Gas

26

—

29

—

49

—

54

—

Source not specified

1,398

23

554

8

2,213

17

1,170

8

Total purchased power

3,901

60

3,328

47

7,246

54

6,180

42

Total system load

6,498

100

%

7,095

100

%

13,402

100

%

14,638

100

%

Less: wholesale sales

(1,515)

(2,439)

(2,914)

(4,418)

Retail load requirement

4,983

4,656

10,488

10,220

Media Contact:
Drew Hanson
Corporate Communications
Phone: 503-464-2067

Investor Contact:
Erin Schwartz
Investor Relations
Phone: 503-464-7751

SOURCE Portland General Company

Posted by Defense World Staff on Jul 27th, 2026

Entropy Technologies LP bought a new position in Portland General Electric Company (NYSE:POR – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 41,917 shares of the utilities provider’s stock, valued at approximately $2,212,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Natixis Advisors LLC boosted its position in shares of Portland General Electric by 0.6% in the fourth quarter. Natixis Advisors LLC now owns 35,548 shares of the utilities provider’s stock worth $1,706,000 after purchasing an additional 207 shares during the period. Sigma Planning Corp lifted its stake in shares of Portland General Electric by 3.9% during the 4th quarter. Sigma Planning Corp now owns 5,663 shares of the utilities provider’s stock valued at $272,000 after buying an additional 210 shares in the last quarter. First Citizens Bank & Trust Co. lifted its stake in shares of Portland General Electric by 2.0% during the 1st quarter. First Citizens Bank & Trust Co. now owns 10,997 shares of the utilities provider’s stock valued at $580,000 after buying an additional 218 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Portland General Electric by 18.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,469 shares of the utilities provider’s stock worth $71,000 after buying an additional 226 shares in the last quarter. Finally, Fox Hill Wealth Management increased its stake in Portland General Electric by 0.6% in the 4th quarter. Fox Hill Wealth Management now owns 39,373 shares of the utilities provider’s stock worth $1,890,000 after buying an additional 237 shares in the last quarter.

Portland General Electric Stock Performance Shares of NYSE:POR opened at $52.03 on Monday. The firm has a fifty day simple moving average of $51.07 and a two-hundred day simple moving average of $51.28. Portland General Electric Company has a 52 week low of $39.85 and a 52 week high of $54.62. The company has a quick ratio of 0.95, a current ratio of 1.09 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $6.02 billion, a P/E ratio of 23.23, a PEG ratio of 2.19 and a beta of 0.52.

Portland General Electric (NYSE:POR – Get Free Report) last announced its earnings results on Thursday, April 30th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.19). The business had revenue of $879.00 million for the quarter, compared to analysts’ expectations of $953.24 million. Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. During the same quarter in the prior year, the company posted $0.91 earnings per share. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, analysts expect that Portland General Electric Company will post 3.39 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement The business 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 dividend of $0.5513 per share. The ex-dividend date is Friday, September 25th. This represents a $2.21 dividend on an annualized basis and a yield of 4.2%. Portland General Electric’s dividend payout ratio is 98.21%.

Insider Buying and Selling at Portland General Electric In related news, Director Robert N. Hoglund acquired 2,000 shares of the stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $48.80 per share, with a total value of $97,600.00. Following the purchase, the director directly owned 2,519 shares of the company’s stock, valued at approximately $122,927.20. This trade represents a 385.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Juan Diego Gallegos sold 2,750 shares of Portland General Electric stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $48.67, for a total value of $133,842.50. Following the completion of the transaction, the vice president owned 12,127 shares of the company’s stock, valued at approximately $590,221.09. This trade represents a 18.48% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.52% of the company’s stock.

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

Check Out Our Latest Report on POR

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

Positive Sentiment: KeyCorp raised its Q3 2026 earnings estimate for Portland General Electric to $1.26 per share from $1.08, suggesting stronger near-term profitability expectations. MarketBeat POR report Neutral Sentiment: Analysts expect Portland General Electric to report earnings on Friday, putting the company in the spotlight ahead of the quarterly update. Portland General Electric (POR) Projected to Post Earnings on Friday Neutral Sentiment: Hot weather has contributed to widespread power outages across the Portland metro area, highlighting near-term operational strain but also underscoring elevated electricity demand. Over 8,000 without power in Portland metro as temps near 100 degrees Neutral Sentiment: PGE customers experienced additional outages in Goose Hollow, SW Portland, and Tigard during the heat wave, which may increase scrutiny of grid reliability. Thousands of PGE customers lose power across Portland metro area amid hot weather Neutral Sentiment: Workers at PGE’s Tualatin power grid operations center may strike starting Aug. 2, creating a potential labor disruption risk if negotiations fail. Workers at PGE’s Tualatin power grid operation center may go on strike starting Aug. 2, union says Negative Sentiment: KeyCorp trimmed Q2 2026 EPS estimates to $0.63 from $0.69, and also nudged FY2026 and FY2029 forecasts slightly lower, reinforcing worries about earnings growth. MarketBeat POR report Negative Sentiment: Zacks flagged that Portland General Electric may be headed for a year-over-year earnings decline in its upcoming report, which could weigh on the shares if results disappoint. Analysts Estimate Portland General Electric (POR) to Report a Decline in Earnings: What to Look Out for About Portland General Electric (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.

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, /PRNewswire/ -- 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. PGE targets a dividend payout ratio of 60 to 70% over the long term.

The quarterly dividend is payable on or before October 15, 2026, to shareholders of record at the close of business on September 25, 2026.

About Portland General Electric Company
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/news.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

Forward-looking statements include statements, other than statements of historical or current fact, regarding the Company's amount and timing of dividends payable as well as other statements containing words such as "committed to," "targets," or similar expressions.

There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; the timing or amount of dividends paid; the timing or outcome of various legal and regulatory actions; changes in the Company's business strategy; increases in capital expenditures; changes in capital and credit market conditions, including volatility of equity markets as well as changes in PGE's credit ratings and outlook on such credit ratings restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the United States Securities and Exchange Commission (SEC), including our annual report on Form 10-K for the year ended December 31, 2025 and subsequent quarterly reports on Form 10-Q. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov and on the Company's website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.

Media Contact:
Drew Hanson
Corporate Communications
Phone: 503-464-2067

Investor Contact:
Erin Schwartz
Investor Relations
Phone: 503-464-7751

SOURCE Portland General Company

Posted by Defense World Staff on Jul 24th, 2026

Portland General Electric (NYSE:POR – Get Free Report) will likely be issuing its Q2 2026 results before the market opens on Friday, July 31st. Analysts expect the company to post earnings of $0.71 per share and revenue of $847.5980 million for the quarter. Interested persons can check the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Friday, July 31, 2026 at 11:00 AM ET.

Portland General Electric (NYSE:POR – Get Free Report) last announced its earnings results on Thursday, April 30th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19). Portland General Electric had a return on equity of 7.57% and a net margin of 7.12%.The firm had revenue of $879.00 million for the quarter, compared to analyst estimates of $953.24 million. During the same quarter last year, the business earned $0.91 EPS. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, analysts expect Portland General Electric to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Portland General Electric Trading Down 1.0% Shares of POR stock opened at $52.41 on Friday. The company has a market capitalization of $6.07 billion, a P/E ratio of 23.40, a P/E/G ratio of 2.22 and a beta of 0.52. Portland General Electric has a 12-month low of $39.73 and a 12-month high of $54.62. The company has a quick ratio of 0.95, a current ratio of 1.09 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average price of $50.98 and a 200 day moving average price of $51.26.

Analyst Upgrades and Downgrades POR has been the subject of a number of research analyst reports. Wells Fargo & Company set a $51.00 target price on shares of Portland General Electric in a research note on Tuesday, April 21st. BMO Capital Markets decreased 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 report on Wednesday. Zacks Research cut Portland General Electric from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. JPMorgan Chase & Co. lifted their price objective on 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, Weiss Ratings reissued a “hold (c+)” rating on shares of Portland General Electric in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $50.90.

View Our Latest Research Report on POR

Insider Activity In related news, CFO Joseph R. Trpik, Jr. sold 7,500 shares of Portland General Electric stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $49.03, for a total value of $367,725.00. Following the completion of the sale, the chief financial officer directly owned 31,897 shares in the company, valued at $1,563,909.91. This trade represents a 19.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert N. Hoglund bought 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were acquired at an average price of $48.80 per share, for a total transaction of $97,600.00. Following the completion of the transaction, the director owned 2,519 shares in the company, valued at approximately $122,927.20. This trade represents a 385.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.52% of the company’s stock.

Institutional Trading of Portland General Electric Several institutional investors and hedge funds have recently made changes to their positions in the business. Johnson Financial Group Inc. bought a new position in shares of Portland General Electric in the 3rd quarter worth $27,000. Northwestern Mutual Wealth Management Co. lifted its stake in Portland General Electric by 272.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 719 shares of the utilities provider’s stock valued at $35,000 after buying an additional 526 shares during the period. IFP Advisors Inc lifted its stake in Portland General Electric by 61.7% in the third quarter. IFP Advisors Inc now owns 1,080 shares of the utilities provider’s stock valued at $48,000 after buying an additional 412 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Portland General Electric by 18.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,469 shares of the utilities provider’s stock worth $71,000 after buying an additional 226 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in shares of Portland General Electric by 202.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,816 shares of the utilities provider’s stock worth $80,000 after buying an additional 1,216 shares during the period.

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.

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If you're searching for reliable income at a reasonable price, look no further than Portland General Electric (POR 0.21%). Shares of the Pacific Northwest utility business are currently trading in the low $50s, but the stock offers a strong dividend and steady growth. Even better, its valuation is quite reasonable at a time when many utilities and energy stocks are becoming more expensive.

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Portland General Electric's quarterly dividend currently pays $0.55 per share. This amounts to a yield that is slightly above 4%. That's higher than the broader market average and competitive within the utility sector. Meanwhile, the company's forward price-to-earnings (P/E) ratio of about 14 is below the sector average of roughly 23.

Image source: Getty Images.

Portland General Electric rewards shareholders with dividends, but the company also balances payouts with strategic capital reinvestments. The utility company is expanding its capabilities in Oregon and now into Washington state with its February acquisition of PacifiCorp's Washington-based utility operations.

The company has raised its dividends for more than a decade, and with artificial intelligence (AI)-related power demand as a catalyst, now is a good time for income investors to look at Portland General Electric. The company, which has a $6 billion market capitalization, pays dividends consistently but it also provides investors with a surprising amount of growth potential ahead.

Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

, /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, July 31, to review its second quarter 2026 financial results.

Portland General Electric plans to release its second quarter 2026 earnings summary before financial markets open in the United States on July 31. 

The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Erin Schwartz, Senior Manager of Investor Relations.

To hear the conference call by webcast, log on to Portland General Electric's investor website at investors.portlandgeneral.com, select Events & Presentations from the menu, and the webcast will be listed under Upcoming Events. A replay of the webcast will be available beginning at 2 p.m. ET on July 31. The webcast replay will be listed under Archived Events within the investor website Events & Presentations page.

About Portland General Electric Company:
Portland General Electric Company (PGE) (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, PGE has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For information: portlandgeneral.com/our-company/news-room.

For more information please contact:
Erin Schwartz, PGE, 503-464-7751

SOURCE Portland General Company

Vancouver, British Columbia--(Newsfile Corp. - March 24, 2026) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTC Pink: PFFOF) (FSE: POTA) ("Portofino" or the "Company") is pleased to announce the appointment of Mr.

Shares of Portland General Electric Company (NYSE: POR - Get Free Report) have been assigned a consensus rating of "Hold" from the twelve research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy

PORTLAND, Ore., April 3, 2026 /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 (NYSE: POR - Get Free Report) and Alliant Energy (NASDAQ: LNT - Get Free Report) are both utilities companies, but which is the better business? We will contrast the two businesses based on the strength of their risk, institutional ownership, valuation, dividends, analyst recommendations, earnings and profitability. Insider and Institutional Ownership 79.9% of Alliant

Massachusetts Financial Services Co. MA trimmed its stake in Portland General Electric Company (NYSE: POR) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,958,787 shares of the utilities provider's stock after selling 27,154 shares during the quarter. Massachusetts Financial Services

Bayforest Capital Ltd cut its stake in Portland General Electric Company (NYSE: POR) by 58.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,196 shares of the utilities provider's stock after selling 12,876 shares during the quarter. Bayforest Capital Ltd's

PORTLAND, Ore., April 24, 2026 /PRNewswire/ -- On April 24, 2026, the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.55125 per share, representing an increase of 5%, or $0.105 per share, on an annualized basis.

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.

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

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.