Portland General Electric (POR) Tops Q1 EPS by 5c, Revenues Beat; Affirms FY19 EPS Guidance

Portland General Electric (NYSE: POR) reported Q1 EPS of $0.82, $0.05 better than the analyst estimate of $0.77. Revenue for the quarter came in at $573 million versus the consensus estimate of $520.54 million.

"Against the backdrop of highly volatile regional energy markets, our power supply portfolio performed well, allowing us to effectively manage costs and deliver solid results," said Maria Pope, PGE president and CEO. "Additionally, we are advancing our transportation electrification plan to expand infrastructure and increase access vital to cleaner energy for Oregon."

GUIDANCE:

Portland General Electric sees FY2019 EPS of $2.35-$2.50, versus the consensus of $2.44.

This guidance is based on the following assumptions:

• Increase in retail deliveries of 0.5%
• Average hydro conditions for the year
• Wind generation based on five years of historical levels or forecast studies when historical data is not available
• Normal thermal plant operations
• Depreciation and amortization expense between $400 million and $420 million
• Operating and maintenance costs between $585 million and $605 million

For earnings history and earnings-related data on Portland General Electric (POR) click here.

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