Portland General Electric (POR) Tops Q2 EPS by 10c, Revenues Beat; Offers FY20 EPS Guidance

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Go back to Portland General Electric (POR) Tops Q2 EPS by 10c, Revenues Beat; Offers FY20 EPS Guidance

Portland General Electric announces second quarter 2020 results

July 31, 2020 5:00 AM EDT

PORTLAND, Ore., July 31, 2020 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income of $39 million, or 43 cents per diluted share, for the second quarter of 2020. This compares with net income of $25 million, or 28 cents per diluted share, for the second quarter of 2019.

"We achieved solid second quarter financial results, driven by a combination of favorable hydro and wind conditions and lower operating expenses," said Maria Pope, PGE president and CEO. "As an essential service provider, we will continue working to keep costs low to support economic recovery and the... More