Welcome to our dedicated page for Portland General news (Ticker: POR), a resource for investors and traders seeking the latest updates and insights on Portland General stock.
Portland General Electric (NYSE: POR) provides essential electric services to Oregon through its integrated generation, transmission, and distribution networks. This page serves as the definitive source for official company announcements, financial disclosures, and operational developments.
Investors and stakeholders will find timely updates on quarterly earnings, regulatory filings, and infrastructure investments like PGE's high-voltage transmission projects. The curated news collection also covers renewable energy initiatives including wind expansions and customer-focused sustainability programs.
All content is sourced directly from PGE's verified communications, ensuring accuracy for those monitoring utility sector performance, grid modernization efforts, or regulatory compliance matters. Bookmark this page for streamlined access to strategic updates affecting one of Oregon's largest energy providers.
On February 10, 2023, the board of directors of Portland General Electric (NYSE: POR) announced a quarterly dividend of $0.4525 per share, payable by April 17, 2023, to shareholders of record by March 27, 2023. The company targets a long-term dividend payout ratio of 60% to 70%, indicating a commitment to returning value to shareholders. Over its 130-year history, PGE has focused on delivering reliable and clean energy to over 900,000 customers in Oregon while aiming for at least an 80% reduction in greenhouse gas emissions by 2030. The company's focus on sustainability is bolstered by its recognition in the Bloomberg Gender-Equality Index.
Portland General Electric Company (NYSE: POR) will hold an analyst conference call and webcast on February 16 at 11 a.m. ET to discuss its fourth quarter and full-year 2022 financial results. The earnings summary will be released prior to market opening on the same day. The call will feature executives including President and CEO Maria Pope and CFO Jim Ajello. Interested parties can access the call via the investor website and a replay will be available after 2 p.m. ET on the same day. Portland General Electric serves approximately 900,000 customers in Oregon.
Portland General Electric Company (NYSE: POR) has announced a public offering of 10,100,000 shares of its common stock, priced at $43.00 per share, set to close on October 28, 2022. The offering includes a 30-day option for underwriters to purchase up to 1,515,000 additional shares. Proceeds will primarily fund green investments as defined in its financing framework, and a portion will be used to repay debt. The company currently serves approximately 900,000 customers in Oregon and operates 16 generation plants.
Portland General Electric Company (NYSE: POR) announced a public offering of $375,000,000 of its common stock, facilitated by Barclays and J.P. Morgan as underwriters. This offering is part of forward sale agreements with the underwriters, who may also purchase an additional $56,250,000 of shares. The proceeds will be directed towards financing eligible green investments and repaying debt. The Company plans physical settlement of the agreements within 24 months.
Portland General Electric Company (NYSE: POR) reported a net income of $58 million, or $0.65 per diluted share, for Q3 2022, up from $50 million, or $0.56 per share in Q3 2021. The company raises long-term EPS growth guidance to 5%-7% from a 2022 base year. They are collaborating with NextEra Energy to build a 311 MW wind facility in Eastern Montana, investing approximately $415 million. PGE reaffirms 2022 GAAP earnings guidance of $2.60-$2.75 and adjusted earnings guidance of $2.74-$2.89. A quarterly dividend of $0.4525 per share was also approved.
On October 21, 2022, Portland General Electric (NYSE: POR) announced a quarterly common stock dividend of $0.4525 per share, payable by January 17, 2023, to shareholders of record as of December 27, 2022. This dividend reflects the company's financial performance and its long-term target payout ratio of 60-70%. PGE serves about 900,000 customers and aims for an 80% reduction in greenhouse gas emissions by 2030.
Portland General Electric (NYSE: POR) will host an analyst conference call on October 25, 2022, at 11 a.m. ET, to discuss its third quarter 2022 financial results. The earnings summary will be released before markets open on the same day. Key executives, including Maria Pope (President and CEO), will lead the call. Interested parties can access the conference via the investor website, with a replay available starting at 2 p.m. ET the same day. PGE serves about 900,000 customers across Oregon.
Patricia Salas Pineda has been appointed to the board of directors of Portland General Electric (NYSE:POR), effective October 1, 2022. With over 35 years of leadership experience at Toyota Motor North America, Pineda brings expertise in legal, human resources, and communications. She aims to enhance employee experience and strengthen PGE's competitive position in the electric utility industry. Pineda will serve on the Finance and Compensation, Culture, and Talent Committees, bolstering PGE's capabilities in these areas.
Portland General Electric Company (NYSE: POR) revised its 2022 GAAP earnings guidance to between $2.60 and $2.75 per diluted share from a previous $2.50 to $2.65. It also initiated a non-GAAP adjusted earnings guidance of $2.74 to $2.89. The second quarter 2022 net income soared to $64 million ($0.72 per share), doubling from $32 million in Q2 2021. Continued energy delivery growth, especially in technology sectors, and favorable power costs contributed to this success. PGE also approved a quarterly dividend of $0.4525 per share, showcasing solid financial health.
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