Portland General Electric (PGE) functions as a fully integrated electric utility, overseeing the generation, wholesale procurement, transmission, distribution, and direct retail sale ...
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$2.13 per share
$2.13 per share
Est. EPS $3.39 · Revenue $3.69B · 7 analysts
Est. EPS $3.58 · Revenue $3.97B · 7 analysts
EPS $0.91 · Revenue $928.00M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $3.4B | -1.9% | -10.5% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $306.0M | -2.2% | +51.1% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +33.6% | -27.0% | -42.9% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +16.4% | +10.2% | +28.4% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +9.1% | -0.3% | +68.8% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-71.0M | +85.5% | -1833.3% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -2.1% | +85.2% | -2036.0% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 133.8% | -1.8% | +5.1% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.08x | +17.9% | -10.2% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $13.5B | +7.7% | +3.3% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 2.76 vs 3.15 | -12.3% | 0.58 vs 1.24 | -53.1% |
| Revenue Surprise | $3.4B vs $3.5B | -4.7% | $787.0M vs $783.4M | +0.5% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jul 27, 2026 | Lewis Michael A | director | Common Stock | D | 1,537 | $51.83 |
| Jul 24, 2026 | Pineda Patricia Salas | director | Common Stock | A | 3,073 | $52.05 |
| Jul 24, 2026 | O'Leary John H. | director | Common Stock | A | 3,073 | $52.05 |
| Jul 24, 2026 | Millegan Michael | director | Common Stock | A | 3,073 | $52.05 |
| Jul 24, 2026 | Lewis Michael A | director | Common Stock | A | 3,073 | $52.05 |
Operator: Good morning, everyone, and welcome to today's conference call with Portland General Electric. Today is Friday, July 31, 2026. This call is being recorded. [Operator Instructions] For opening remarks, I will turn the conference call over to Portland General Electric's Senior Manager of Investor Relations, Erin Schwartz. Please go ahead. Erin Schwartz: Thank you, Didi. Good morning, everyone, and thank you for joining us today. Before we begin, I would like to remind you that we issued a press release this morning and have prepared a presentation to supplement our discussion, which we will be referencing throughout the call. The press release and slides are available on our website at investors.portlandgeneral.com. Referring to Slide 2, some of our remarks this morning will constitute forward-looking statements. We caution you that such statements involve inherent risks and uncertainties, and actual results may differ materially from our expectations. For a description of some of the factors that could cause actual results to differ materially, please refer to our press release and our most recent forms 10-K and 10-Q, which are available on our website. Turning to Slide 3. Leading our discussion today are Maria Pope, President and CEO; and Joe Trpik, Senior Vice President of Finance and CFO. Following their prepared remarks, we will open the line for your questions. Now I will turn things over to Maria. Maria Pope: Thank you, Erin, and good morning, everyone. We appreciate you joining us today. The second quarter was marked by continued execution across our strategic priorities. Strong industrial demand growth of 11% when compared to second quarter of last year, advancement of key proceedings -- excuse me, key regulatory proceedings, disciplined cost management and continued progress on resource planning. Beginning with Slide 4, I'll speak to our financial results and key drivers. For the second quarter, we reported GAAP net income of $68 million or $0.59 per diluted share and non-GAAP net income of $74 million or $0.64 per diluted share. Our non-GAAP results exclude business transformation, optimization and acquisition-related expenses, which are not reflective of ongoing operational performance. These costs relate to the holding company formation, the pending Washington acquisition and our customer affordability work. These results were in line with our expectations for the quarter and reflect strong execution. As a result, we are reaffirming our full year earnings guidance of $3.33 to $3.53 per diluted share and our long-term earnings and dividend growth guidance of 5% to 7%. Turning to Slide 5 for updates on our 5 strategic priorities. First, industrial demand growth remains an important element of our long-term outlook. Today, we serve 12 different data center customers, which make up approximately 1/3 of our total industrial usage. Total industrial load growth was approximately 10% compounded annually over the last 5 years. We …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Maria MacGregor Pope | President, Chief Executive Officer & Director | USD 2,875,860 | Female | 1965 | Active |
Benjamin F. Felton | Executive Vice President & Chief Operating Officer | USD 1,334,549 | Male | 1970 | Active |
Joseph R. Trpik Jr. | Senior Vice President of Finance & Chief Financial Officer | USD 1,233,603 | Male | 1970 | Active |
Maria Angelica Espinosa | Senior VP, Chief Legal, Corporate Affairs & Compliance Officer | USD 1,078,851 | Female | 1978 | Active |
John Carter McFarland | Senior VP and Chief Commercial, Customer & Digital Officer | USD 512,605 | Male | 1981 | Active |
Juan Diego Gallegos | Vice President of People & Culture and Chief Human Resources Officer | — | Male | 1981 | Active |
Sujata Pagedar | Company Secretary & Assistant General Counsel | — | Female | — | Active |
Nick White | Manager of Investor Relations | — | Male | — | Active |
Kristen Sheeran | Vice President of Policy & Sustainability | — | Female | — | Active |
BlackRock Inc. increased its stake in shares of Portland General Electric Company (NYSE: POR) by 7.4% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,719,655 shares of the utilities provider's stock after acquiring an additional 1,292,219 shares during the quarter.
Markets are clawing back from a brutal Thursday selloff, but the real action is in the analyst calls, where BMO Capital just pulled the trigger on three major chip stocks at once and DZ Bank opened SpaceX coverage with a Sell.
Portland General Electric is positioned as an attractive long-term utility investment, trading at a discount due to perceived regulatory headwinds in Oregon. POR's upcoming acquisition of Pacificorp assets will expand operations into Washington, a more regulatorily friendly state, expected to reduce its valuation discount. Management maintains 2026 EPS guidance of $3.33–$3.53, with stronger earnings anticipated in the second half, aided by a 30% price increase for large load customers.
Portland General Electric NYSE: POR reported second-quarter GAAP net income of $68 million, or $0.59 per diluted share, and non-GAAP net income of $74 million, or $0.64 per diluted share, as industrial demand growth and regulatory recovery helped offset power-cost timing effects and financing costs.
Portland General Electric Company (POR) Q2 2026 Earnings Call Transcript
