Portland General Electric (POR) Misses Q4 EPS by 2c

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Go back to Portland General Electric (POR) Misses Q4 EPS by 2c

Portland General Electric announces 2021 financial results and initiates 2022 earnings guidance

February 17, 2022 5:00 AM EST

PORTLAND, Ore., Feb. 17, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $244 million, or $2.72 per diluted share, for the year ended December 31, 2021.  This compares with GAAP net income of $155 million, or $1.72 per diluted share, for the year ended December 31, 2020. After adjusting for the impact of the 2020 energy trading losses, non-GAAP net income was $247 million, or $2.75 per diluted share, for the year ended December 31, 2020. GAAP net income was $66 million, or $0.73 per diluted share, for the fourth quarter of 2021. This compares... More