Portland General Electric Reports Q3 Earnings Miss and Lowers 2026 Guidance

Portland General Electric (POR) reported third-quarter non-GAAP earnings per share of $1.06, falling short of analyst expectations by $0.06. While revenue grew 2.0% year-over-year to $971 million, this figure missed consensus estimates by approximately $49 million. The company has lowered its 2026 adjusted EPS guidance to a range of $3.18–$3.28, down from the previous projection of $3.33–$3.53. Management attributed the downward revision primarily to unusually mild weather conditions during the third quarter, which impacted seasonal demand.

5 articles from 2 sources · updated

Coverage