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 Company (NYSE: POR) generates, transmits and distributes electricity to over 950,000 customers in Oregon, serving an area of 1.9 million Oregonians. The news flow around PGE reflects its role as a regulated electric utility and integrated energy company, with regular updates on earnings, resource planning, large customer demand and clean energy initiatives.
Investors following POR news will find quarterly earnings releases that discuss GAAP and non-GAAP results, industrial load trends and guidance assumptions. Recent reports have highlighted demand growth from semiconductor manufacturing, technology infrastructure and data center customers, as well as the financial impact of capital investments, operating costs and tax credits. PGE also issues announcements about its dividend, including the targeted payout ratio and board-approved quarterly dividend amounts.
Another key category of Portland General Electric news involves resource procurement and grid investments. Press releases and related disclosures cover the completion of utility-scale battery energy storage systems, adding hundreds of megawatts of dispatchable capacity, and the role of these assets in supporting grid reliability and integrating intermittent resources. Updates on all-source requests for proposals, battery projects such as the Seaside facility, and collaborations with partners like GridCARE provide insight into how PGE plans for non-emitting dispatchable capacity and renewable generation.
Regulatory and corporate governance developments also appear in PGE’s news stream. Items include regulatory orders from the Public Utility Commission of Oregon related to cost recovery and rate base changes, as well as board of director appointments and resignations. For investors, analysts and customers, this news page offers a centralized view of financial results, infrastructure projects, regulatory milestones and corporate actions that shape Portland General Electric’s operations and strategy.
On July 22, 2022, Portland General Electric (NYSE: POR) declared a quarterly dividend of $0.4525 per share. This decision reflects the company’s focus on capital requirements and financial performance, targeting a long-term payout ratio of 60 to 70%. The dividend is payable on or before October 17, 2022, to shareholders of record by September 26, 2022.
PGE serves around 900,000 customers and aims to significantly reduce greenhouse gas emissions by 80% by 2030 and achieve 100% reduction by 2040.
Portland General Electric (NYSE: POR) will hold an analyst conference call on July 28 at 11 a.m. ET to discuss its second quarter 2022 financial results. The earnings summary will be released before markets open on the same day. The call will feature insights from CEO Maria Pope and other executives. Investors can access the webcast through the company's investor website, with a replay available later that day. PGE serves about 900,000 customers in Oregon and is committed to reducing greenhouse gas emissions significantly by 2030 and 2040.
Portland General Electric Company (NYSE: POR) reported Q1 2022 net income of $60 million, or $0.67 per diluted share, down from $96 million, or $1.07 per diluted share, in Q1 2021. The company revised its 2022 earnings guidance from $2.75-$2.90 to $2.50-$2.65 per diluted share, influenced by regulatory deferrals related to wildfires and COVID-19. Total revenues grew due to higher energy deliveries, though expenses increased due to grid maintenance and labor costs. PGE plans to finalize project selections for its renewable energy RFP by the end of 2022.
On April 22, 2022, Portland General Electric Company (NYSE: POR) announced a 5.2% increase in its annual dividend, raising it by $0.09 per share, resulting in a quarterly payout of $0.4525 per share.
This dividend is scheduled for payment on or before July 15, 2022 for shareholders on record by June 27, 2022. The company aims for a long-term payout ratio of 60-70% based on its financial performance.
Portland General Electric Company (NYSE: POR) announced a proposed settlement concerning derivative actions against its current and former directors and officers. The settlement aims to address allegations of breaching fiduciary duties relating to the company’s energy trading activities. A hearing is set for May 9, 2022, to determine the settlement's approval. If approved, the settlement will release all settled claims and implement corporate governance reforms. The plaintiffs' attorneys' fees are set at $750,000, to be covered by PGE or its insurers. More details are available on PGE's website.
Portland General Electric (NYSE: POR) will host an analyst conference call on April 28 at 11 a.m. ET to discuss its first quarter 2022 financial results, with earnings summary released before market open. The call will be led by CEO Maria Pope and other executives, providing stakeholders an opportunity to gain insights into the company's performance. A replay will be available for a week following the call. PGE serves approximately 900,000 customers and is committed to significant reductions in greenhouse gas emissions by 2030 and 2040.
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Portland General Electric Company (NYSE: POR) reported a net income of $244 million or $2.72 per diluted share for 2021, a significant increase from $155 million or $1.72 per diluted share in 2020. Fourth-quarter net income was $66 million ($0.73 per share), up from $52 million ($0.57) year-over-year. Revenue growth is attributed to higher energy demand. For 2022, PGE expects earnings between $2.75 and $2.90 per share, with a focus on renewable resources and grid modernization.
On February 11, 2022, Portland General Electric (NYSE: POR) declared a quarterly dividend of $0.43 per share, payable on or before April 18, 2022. Shareholders on record as of March 25, 2022 will receive this dividend. The company aims for a long-term payout ratio of 60% to 70%, reflecting its commitment to shareholder returns amid a focus on capital requirements and financial performance. PGE serves approximately 900,000 customers and is dedicated to significant greenhouse gas emission reduction goals by 2030 and 2040.
Portland General Electric Company (NYSE: POR) will host an analyst conference call on February 17, 2022, at 11 a.m. ET to discuss its fourth quarter and full-year 2021 financial results. The earnings summary will be released before the market opens on the same day. The call will be led by CEO Maria Pope, CFO Jim Ajello, and investor relations director Jardon Jaramillo. Investors can access the webcast via the company's investor website. A replay of the call will be available from 2 p.m. ET on February 17 to February 24, 2022.