Portland General Electric (POR) Tops Q3 EPS by 14c, Revenues Beat; Reaffirms FY20 EPS Outlook

October 30, 2020 5:47 AM

Portland General Electric (NYSE: POR) reported Q3 EPS of ($0.19), $0.14 better than the analyst estimate of ($0.33). Revenue for the quarter came in at $547 million versus the consensus estimate of $503.08 million.

"We continue to deliver strong operating performance, notwithstanding the financial impact of the isolated trading losses and wildfires this quarter," said Maria Pope, PGE president and CEO. "I'm proud that our team acted decisively and demonstrated resilience and unwavering dedication to our customers. Looking ahead, we remain committed to making the right investments to meet the needs of Oregonians and drive value for shareholders."

GUIDANCE:

Portland General Electric sees FY2020 EPS of $1.40-$1.60, versus the consensus of $1.53.

PGE is reaffirming its 2020 earnings guidance of $1.40 to $1.60 per diluted share and expects to be in the upper half of this range. This guidance reflects the following assumptions:

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

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