Portland General Stock Price, News & Analysis

Portland General Electric (NYSE: POR) will hold an analyst conference call on October 29, 2021, to discuss its third quarter 2021 financial results. The earnings summary will be released before the market opens on the same day. Key executives, including Maria Pope, the CEO, will participate in the call. A replay will be available from 2 p.m. ET on the same day through November 5. The company serves around 900,000 customers across Oregon and aims for significant reductions in greenhouse gas emissions by 2030 and 2040.

Portland General Electric Company (NYSE: POR) reported net income of $32 million for Q2 2021, down from $39 million in Q2 2020. The company faced record temperatures, reaching a peak load of 4,441 MW. Total revenues increased due to higher retail energy deliveries amid strong demand. However, operating expenses rose due to wildfire preparations and increased legal costs. PGE filed a 2022 rate case, requesting a 3.9% average rate increase, while also declaring a quarterly dividend of $0.43 per share. Full-year earnings guidance was raised to $2.70-$2.85 per diluted share.

On July 28, 2021, Portland General Electric Company (NYSE: POR) announced a quarterly dividend of 43 cents per share. This dividend is part of the company's strategy to maintain a payout ratio of 60 to 70% based on its capital needs and financial performance. The dividend will be paid on or before October 15, 2021 to shareholders of record by September 27, 2021. With over 130 years of service, PGE provides energy to approximately 900,000 customers in Oregon, contributing to clean energy initiatives.

Portland General Electric (NYSE: POR) will host an analyst conference call on July 30, 2021, at 11 a.m. ET to discuss its second quarter 2021 financial results, which will be released before market opening on the same day. The call will feature Maria Pope (CEO), Jim Ajello (CFO), and Jardon Jaramillo (Investor Relations). Investors can access the call via the company's investor website and a replay will be available from 2 p.m. ET on July 30 to August 6. PGE serves 900,000 customers across Oregon and has a strong commitment to renewable energy.

Portland General Electric Company (NYSE: POR) reported a net income of $96 million, or $1.07 per diluted share, for Q1 2021, up from $81 million, or 91 cents per diluted share, in Q1 2020. Total revenues rose due to higher retail energy deliveries, particularly from the high-tech sector. However, costs increased significantly due to damages from severe February storms, totaling an estimated $87 million. PGE also reaffirmed its 2021 earnings guidance of $2.55 to $2.70 per share, while committing to net-zero carbon emissions by 2040.

Portland General Electric (NYSE: POR) declared a 5.5% increase in its annual dividend to $0.09 per share, with a quarterly common stock dividend of 43 cents per share. The dividend is payable on or before July 15, 2021 to shareholders of record by June 25, 2021. The company aims for a long-term dividend payout ratio of 60% to 70% based on capital needs and financial performance. PGE serves around 900,000 customers in Oregon and is committed to building a clean energy future.

Daimler Trucks North America (DTNA) and Portland General Electric (PGE) launched Electric Island, a pioneering heavy-duty electric truck charging station in Portland, Oregon, on April 21, 2021. This facility features eight charging stations designed to support various electric vehicles and is part of the West Coast Clean Transit Corridor Initiative. Electric Island aims to advance zero-emission vehicle development while allowing the companies to study energy management and charging performance. The site is future-proofed for next-gen charging technologies and is a critical step towards carbon-neutral freight transportation.

Portland General Electric (NYSE: POR) will hold an analyst conference call on April 30, 2021, at 11 a.m. ET to discuss its first quarter 2021 financial results, which will be released before markets open that day. Key executives, including President and CEO Maria Pope, will lead the call. A replay will be available from 2 p.m. ET on April 30 until May 7. The company serves about 900,000 customers across Oregon and boasts a top voluntary renewable energy program in the U.S.

Portland General Electric Company (NYSE: POR) reported a 2020 net income of $155 million ($1.72 per diluted share), impacted by $1.03 losses from energy trading. Excluding these losses, non-GAAP net income was $247 million ($2.75 per diluted share), up from $214 million in 2019. For Q4 2020, GAAP income was $52 million ($0.57 per share), down from $61 million in Q4 2019. PGE anticipates 2021 earnings guidance of $2.55 to $2.70 per diluted share, driven by anticipated energy delivery growth. The company aims for net-zero emissions by 2040, and a dividend of 40.75 cents per share has been approved.