Portland General Electric Reports Q1 Earnings and Reaffirms Full-Year Guidance
Portland General Electric reported first-quarter GAAP net income of $45 million ($0.38/share) and non-GAAP net income of $68 million ($0.58/share). The company reaffirmed its full-year guidance for earnings per share between $3.33–$3.53, with long-term growth expectations at 5%–7%. Shifts in load patterns due to warm winter weather and increased industrial demand were noted.
Tickers: $POR
Topics: acquisition earnings regulatory updates utility demand shifts