Portland General Electric Reports FY 2025 Earnings Miss and Revenue Beat
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 hours ago
0mins
Should l Buy POR?
Source: seekingalpha
- Earnings Report: Portland General Electric's FY 2025 non-GAAP EPS of $3.05 missed expectations by $0.10, while revenue of $3.56 billion, reflecting a 3.5% year-over-year increase, beat estimates by $20 million, indicating resilience in revenue growth.
- Long-Term Growth Outlook: The company reaffirmed its long-term EPS growth target of 5% to 7% for 2024, based on a diluted share base of $3.08, demonstrating management's confidence in future profitability.
- 2026 Guidance Initiation: Portland General Electric initiated its full-year 2026 adjusted EPS guidance between $3.33 and $3.53, slightly below the consensus of $3.40, reflecting a cautious outlook on future market conditions.
- Net Income Analysis: For Q4 2025, GAAP net income was $41 million, or $0.36 per diluted share, while adjusted non-GAAP net income was $53 million, or $0.47 per diluted share, indicating improvements in cost control measures.
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Analyst Views on POR
Wall Street analysts forecast POR stock price to fall
10 Analyst Rating
1 Buy
7 Hold
2 Sell
Hold
Current: 52.500
Low
41.00
Averages
46.70
High
52.00
Current: 52.500
Low
41.00
Averages
46.70
High
52.00
About POR
Portland General Electric Company is an integrated energy company that generates, transmits and distributes electricity. The Company is engaged in the generation, wholesale purchase and sale, transmission, distribution, and retail sale of electricity to customers in the state of Oregon (State). The Company participates in the wholesale market through the purchase and sale of electricity and natural gas in an effort to obtain reasonably-priced power to serve its retail customers. The Company meets its retail load requirement with both Company-owned generation and power purchased on the wholesale market. The Company has five natural gas-fired generating facilities: PW1, PW2, Beaver, Coyote Springs Unit 1 (Coyote Springs), and Carty Generating Station (Carty). It owns and operates two wind farms, Biglow Canyon Wind Farm (Biglow Canyon) and Tucannon River Wind Farm (Tucannon River). Biglow Canyon is located in Sherman County, Oregon. Tucannon River is located in southeastern Washington.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Portland General Electric Adjusts Earnings Call Date
- Earnings Call Rescheduling: Portland General Electric has announced the rescheduling of its fourth quarter and full-year 2025 earnings conference call to February 17, 2026, at 8:00 a.m. ET, replacing the previously scheduled call on February 20, ensuring timely communication of financial updates to investors.
- Earnings Release Timing: The company plans to release its earnings summary for the fourth quarter and full-year 2025 before the U.S. financial markets open, aiming to provide investors with a clear overview of financial performance, thereby enhancing market confidence.
- Executive Participation: The conference call will be hosted by President and CEO Maria Pope, Senior Vice President of Finance and CFO Joe Trpik, and Investor Relations Manager Nick White, ensuring that investors receive insights and analyses directly from the senior management team.
- Webcast and Replay Availability: Investors can access the live conference call via Portland General Electric's investor website, with a replay available starting at 2 p.m. ET on February 17, allowing those unable to attend live to catch up on important information.
See More
PGE Acquires PacifiCorp's Washington Utility Operations for $1.9 Billion
- Acquisition Deal: Portland General Electric (PGE) has partnered with Manulife Investment Management to acquire PacifiCorp's Washington utility operations for $1.9 billion, representing a purchase price multiple of 1.4x the estimated 2026 rate base, which will enhance service reliability for approximately 140,000 customers in Washington.
- Renewable Energy Projects: PGE has secured agreements to construct two solar and battery hybrid projects totaling 615 MW, with 425 MW being company-owned, which is expected to significantly enhance the company's renewable energy portfolio and drive long-term sustainability.
- 2026 Earnings Guidance: PGE is initiating adjusted earnings guidance for 2026, projecting earnings per share between $3.33 and $3.53, reflecting confidence in future energy delivery growth, with expected increases of 2.5% to 3.5% in energy deliveries.
- Financial Performance: PGE reported a GAAP net income of $306 million for 2025, translating to $2.77 per diluted share, despite a 17-cent reduction in earnings due to historic weather impacts, showcasing a robust 14% year-over-year growth in industrial demand.
See More
Portland General Electric's $1.9 Billion Acquisition
- Acquisition Scale: Portland General Electric announced a $1.9 billion acquisition of three generation facilities, including the 477 MW Chehalis natural gas plant and the 234 MW Marengo wind facilities, which is expected to enhance the company's long-term earnings per share and dividend growth.
- Strategic Partnership: The acquisition will involve a partnership with Manulife Investment Management, which will hold a minority stake, anticipated to bolster the company's strategic goals and expand operational capabilities in Washington.
- Financial Performance Highlights: Portland General Electric reported a GAAP net income of $306 million for 2025, translating to $2.77 per diluted share, although the adjusted non-GAAP net income for the fourth quarter was $53 million, missing analysts' estimates of 66 cents per share.
- Future Earnings Outlook: The company projects adjusted earnings per share for 2026 to be between $3.33 and $3.53, factoring in energy delivery growth of 2.5% to 3.5% and continued execution of cost control and financing plans.
See More
Portland Acquires Key Electricity Assets in Washington
- Acquisition Overview: Portland General Electric has agreed to purchase key electricity assets in Washington for $1.9 billion, including the 477-megawatt Chehalis gas-fired facility and the 94-megawatt Goodnoe Hills wind farm, significantly expanding its market presence beyond Oregon and serving approximately 140,000 customers.
- Asset Details: The deal also encompasses about 4,500 miles of transmission and distribution lines across 2,700 square miles, with the acquisition price being approximately 1.4 times the projected 2026 rate base for these assets, indicating the company's confidence in future earnings.
- Financial Performance: In Q4, Portland reported an adjusted EPS of $0.47, an increase of $0.11 from last year, yet it fell short of analysts' consensus estimate of $0.71, although revenue rose due to strong demand from data centers and technology clients.
- Future Outlook: The company expects its 2026 adjusted EPS to range between $3.33 and $3.53 and reaffirmed its annual growth target of 5% to 7%, demonstrating a strong commitment to long-term growth.
See More
Portland General Electric Acquires Washington Utility Operations for $1.9B
- Acquisition Overview: Portland General Electric (POR) has agreed to acquire select generation, transmission, and electric utility operations from PacifiCorp for $1.9 billion, representing a purchase price multiple of 1.4x the estimated 2026 rate base, reflecting the company's confidence in future earnings.
- Asset Composition: The transaction includes the 477-MW Chehalis natural gas plant, the 94-MW Goodnoe Hills wind facility, and the 234-MW Marengo I and II wind projects, along with 4,500 miles of transmission and distribution infrastructure serving 2,700 square miles, enhancing the company's market coverage.
- New Company Formation: Portland General will manage the Washington operations through a newly formed subsidiary regulated by the Washington Utilities and Transportation Commission, ensuring compliance and improving operational efficiency.
- Long-term Growth Expectations: Portland General expects the transaction to be accretive in the first full year following closing and to support long-term earnings per share growth and dividend expansion, indicating a positive outlook for future financial performance.
See More
Portland General Electric Reports FY 2025 Earnings Miss and Revenue Beat
- Earnings Report: Portland General Electric's FY 2025 non-GAAP EPS of $3.05 missed expectations by $0.10, while revenue of $3.56 billion, reflecting a 3.5% year-over-year increase, beat estimates by $20 million, indicating resilience in revenue growth.
- Long-Term Growth Outlook: The company reaffirmed its long-term EPS growth target of 5% to 7% for 2024, based on a diluted share base of $3.08, demonstrating management's confidence in future profitability.
- 2026 Guidance Initiation: Portland General Electric initiated its full-year 2026 adjusted EPS guidance between $3.33 and $3.53, slightly below the consensus of $3.40, reflecting a cautious outlook on future market conditions.
- Net Income Analysis: For Q4 2025, GAAP net income was $41 million, or $0.36 per diluted share, while adjusted non-GAAP net income was $53 million, or $0.47 per diluted share, indicating improvements in cost control measures.
See More
Portland General Electric Adjusts Earnings Call Date
- Earnings Call Rescheduling: Portland General Electric has announced the rescheduling of its fourth quarter and full-year 2025 earnings conference call to February 17, 2026, at 8:00 a.m. ET, replacing the previously scheduled call on February 20, ensuring timely communication of financial updates to investors.
- Earnings Release Timing: The company plans to release its earnings summary for the fourth quarter and full-year 2025 before the U.S. financial markets open, aiming to provide investors with a clear overview of financial performance, thereby enhancing market confidence.
- Executive Participation: The conference call will be hosted by President and CEO Maria Pope, Senior Vice President of Finance and CFO Joe Trpik, and Investor Relations Manager Nick White, ensuring that investors receive insights and analyses directly from the senior management team.
- Webcast and Replay Availability: Investors can access the live conference call via Portland General Electric's investor website, with a replay available starting at 2 p.m. ET on February 17, allowing those unable to attend live to catch up on important information.
See More
PGE Acquires PacifiCorp's Washington Utility Operations for $1.9 Billion
- Acquisition Deal: Portland General Electric (PGE) has partnered with Manulife Investment Management to acquire PacifiCorp's Washington utility operations for $1.9 billion, representing a purchase price multiple of 1.4x the estimated 2026 rate base, which will enhance service reliability for approximately 140,000 customers in Washington.
- Renewable Energy Projects: PGE has secured agreements to construct two solar and battery hybrid projects totaling 615 MW, with 425 MW being company-owned, which is expected to significantly enhance the company's renewable energy portfolio and drive long-term sustainability.
- 2026 Earnings Guidance: PGE is initiating adjusted earnings guidance for 2026, projecting earnings per share between $3.33 and $3.53, reflecting confidence in future energy delivery growth, with expected increases of 2.5% to 3.5% in energy deliveries.
- Financial Performance: PGE reported a GAAP net income of $306 million for 2025, translating to $2.77 per diluted share, despite a 17-cent reduction in earnings due to historic weather impacts, showcasing a robust 14% year-over-year growth in industrial demand.
See More
Portland General Electric's $1.9 Billion Acquisition
- Acquisition Scale: Portland General Electric announced a $1.9 billion acquisition of three generation facilities, including the 477 MW Chehalis natural gas plant and the 234 MW Marengo wind facilities, which is expected to enhance the company's long-term earnings per share and dividend growth.
- Strategic Partnership: The acquisition will involve a partnership with Manulife Investment Management, which will hold a minority stake, anticipated to bolster the company's strategic goals and expand operational capabilities in Washington.
- Financial Performance Highlights: Portland General Electric reported a GAAP net income of $306 million for 2025, translating to $2.77 per diluted share, although the adjusted non-GAAP net income for the fourth quarter was $53 million, missing analysts' estimates of 66 cents per share.
- Future Earnings Outlook: The company projects adjusted earnings per share for 2026 to be between $3.33 and $3.53, factoring in energy delivery growth of 2.5% to 3.5% and continued execution of cost control and financing plans.
See More
Portland Acquires Key Electricity Assets in Washington
- Acquisition Overview: Portland General Electric has agreed to purchase key electricity assets in Washington for $1.9 billion, including the 477-megawatt Chehalis gas-fired facility and the 94-megawatt Goodnoe Hills wind farm, significantly expanding its market presence beyond Oregon and serving approximately 140,000 customers.
- Asset Details: The deal also encompasses about 4,500 miles of transmission and distribution lines across 2,700 square miles, with the acquisition price being approximately 1.4 times the projected 2026 rate base for these assets, indicating the company's confidence in future earnings.
- Financial Performance: In Q4, Portland reported an adjusted EPS of $0.47, an increase of $0.11 from last year, yet it fell short of analysts' consensus estimate of $0.71, although revenue rose due to strong demand from data centers and technology clients.
- Future Outlook: The company expects its 2026 adjusted EPS to range between $3.33 and $3.53 and reaffirmed its annual growth target of 5% to 7%, demonstrating a strong commitment to long-term growth.
See More
Portland General Electric Acquires Washington Utility Operations for $1.9B
- Acquisition Overview: Portland General Electric (POR) has agreed to acquire select generation, transmission, and electric utility operations from PacifiCorp for $1.9 billion, representing a purchase price multiple of 1.4x the estimated 2026 rate base, reflecting the company's confidence in future earnings.
- Asset Composition: The transaction includes the 477-MW Chehalis natural gas plant, the 94-MW Goodnoe Hills wind facility, and the 234-MW Marengo I and II wind projects, along with 4,500 miles of transmission and distribution infrastructure serving 2,700 square miles, enhancing the company's market coverage.
- New Company Formation: Portland General will manage the Washington operations through a newly formed subsidiary regulated by the Washington Utilities and Transportation Commission, ensuring compliance and improving operational efficiency.
- Long-term Growth Expectations: Portland General expects the transaction to be accretive in the first full year following closing and to support long-term earnings per share growth and dividend expansion, indicating a positive outlook for future financial performance.
See More
Portland General Electric Reports FY 2025 Earnings Miss and Revenue Beat
- Earnings Report: Portland General Electric's FY 2025 non-GAAP EPS of $3.05 missed expectations by $0.10, while revenue of $3.56 billion, reflecting a 3.5% year-over-year increase, beat estimates by $20 million, indicating resilience in revenue growth.
- Long-Term Growth Outlook: The company reaffirmed its long-term EPS growth target of 5% to 7% for 2024, based on a diluted share base of $3.08, demonstrating management's confidence in future profitability.
- 2026 Guidance Initiation: Portland General Electric initiated its full-year 2026 adjusted EPS guidance between $3.33 and $3.53, slightly below the consensus of $3.40, reflecting a cautious outlook on future market conditions.
- Net Income Analysis: For Q4 2025, GAAP net income was $41 million, or $0.36 per diluted share, while adjusted non-GAAP net income was $53 million, or $0.47 per diluted share, indicating improvements in cost control measures.
See More
