Portland General Electric announces 2020 financial results and initiates 2021 earnings guidance

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Go back to Portland General Electric announces 2020 financial results and initiates 2021 earnings guidance

UPDATE: Portland General Electric (POR) Tops Q4 EPS by 16c; Initiates FY21 EPS Outlook

February 19, 2021 5:36 AM EST

(Updated - February 19, 2021 5:36 AM EST)

Portland General Electric (NYSE: POR) reported Q4 EPS of $0.57, $0.16 better than the analyst estimate of $0.41.

GAAP net income was $52 million, or $0.57 per diluted share, for the fourth quarter of 2020. This compares with GAAP net income of $61 million, or $0.68 per diluted share, for the fourth quarter of 2019.

"PGE delivered solid results in 2020, as we navigated numerous challenges," said Maria Pope, PGE president and CEO. "We focused on productivity across our operations and... More