Portland General Electric Announces Third Quarter 2024 Results
Portland General Electric Co (POR)
Last portland general electric co earnings: 4/24 05:00 am
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investors.portlandgeneral.com
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Source: PR Newswire
Third quarter results reflect improved power cost conditions and continued robust demand growth from high-tech and data center customersNarrowing 2024 adjusted earnings guidance from $2.98 to $3.18 to a revised range of between $3.08 and $3.18 per diluted share to reflect year-to-date performancePORTLAND, Ore., Oct. 25, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $94 million, or $0.90 per diluted share, for the third quarter of 2024. This compares with GAAP net income of $47 million, or $0.46 per diluted share, for the third quarter of 2023."Our focus on operational excellence, as well as improved power cost conditions across the West, underpin our solid third quarter results," said Maria Pope, PGE President and CEO. "We are making meaningful progress in our ongoing RFP to secure the next generation of reliable, clean and cost-effective resources that will support customer grow
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News
- Portland General Electric (NYSE: POR) had its price target lowered by analysts at Barclays PLC from $49.00 to $48.00. They now have an "equal weight" rating on the stock.MarketBeat
- Portland General Electric Company (POR) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Portland General Electric (POR) Beats Q3 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Portland General Electric GAAP EPS of $0.90 beats by $0.01, revenue of $929M beats by $42.29M [Seeking Alpha]Seeking Alpha
- Eni raises share buyback plan after third-quarter earnings top estimates [Yahoo! Finance]Yahoo! Finance
POR
Earnings
- 10/25/24 - Beat
POR
Sec Filings
- 10/25/24 - Form 8-K
- 10/25/24 - Form 10-Q
- 10/23/24 - Form SC
- POR's page on the SEC website