📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding POR

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	349.0K	$18.4M	0.02%	Mar 2026
Jim Simons Renaissance Technologies LLC	40.4K	$2.1M	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management uses strong positive language ('strong execution', 'significant advances', 'laser focused') and provides specific numbers (16% data center growth, 600M in investments, 300M equity target) and detailed milestones (MOU signed, HoldCo filing, legislation passed). The tone is forward-looking and assured about regulatory achievements and growth trajectory.

Q3 2025

Confident Specific

Management repeatedly uses phrases like 'strong quarter', 'laser focus', 'solid results', and provides specific numbers for load growth (5.5%), EPS ($1.00 non-GAAP), and tax credit benefits ($1B+). The tone is forward-looking and assured.

Q4 2025

Confident Specific

Management used strong positive language like 'exciting news', 'unique opportunity', 'transformational 2026', and provided specific numbers throughout: $1.9B purchase price, 140k customers, 18% portfolio growth, first-year accretion, EPS guidance of $3.33-$3.53.

Q1 2026 latest

Confident Specific

Management reaffirmed full-year guidance ($3.33-$3.53) and long-term 5%-7% growth despite warm-weather load impacts, provided explicit cost-management levers (e.g., $25M saved last year, accelerating 2027 plans into 2026), and cited specific figures (10% industrial demand growth, 26% data-center tariff increase).

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis remains largely unchanged. Management's ability to reaffirm guidance despite a $0.25 Q1 EPS shortfall (driven by weather) underscores confidence in cost-control momentum built from prior year savings. The accelerating industrial pipeline, particularly data centers, provides a clear volume growth driver. However, regulatory overhangs persist: the holdco settlement is not yet resolved on key credit terms, the timing of the next rate case is vague, and weather-normalization mechanisms are only early-stage discussions. Investors should watch the August holdco order, near-term large-load tariff decision, and evidence that cost savings fully offset Q1 revenue misses. If those milestones are met, the 5%-7% long-term growth path remains intact.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Portland General Electric Q1 non-GAAP EPS $0.58; reaffirms FY2026 guidance $3.33-$3.53

Revenue & Profitability

GAAP net income for Q1 2026 was $45 million ($0.38 per diluted share). Non-GAAP net income was $68 million ($0.58 per share), excluding storm deferral adjustments and business transformation expenses. The company reaffirmed full-year 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share and long-term earnings and dividend growth of 5% to 7%.

Outlook

Management highlighted accelerating industrial demand from data centers and high-tech customers, with large customer capacity growing about 10% compounded annually through 2030. However, unusually warm weather impacted Q1 residential and commercial load. The company expects weather-adjusted load growth of 1.5% to 2.5% for 2026 and is working with regulators on mechanisms to mitigate weather-related volatility.

Growth Drivers

Key growth drivers include strong industrial demand, particularly from data centers and semiconductor manufacturing, with data center load up 10% year-over-year. The proposed Washington acquisition and the 2025 RFP for approximately 2,500 MW of clean energy resources also support long-term growth. PGE is accelerating cost management to offset weather-related earnings shortfalls.

Balance Sheet & CapEx

PGE executed a $550 million equity forward to fund 2026 base equity needs and the 2023 RFP project. It also entered into a $350 million term loan for capital expenditures and a $680 million delayed draw term loan for the Washington acquisition. The company maintains an investment-grade credit profile with a 2026 CFO-to-debt metric above 19%.

Margins

Not discussed in this earnings call.

Key Risks

Risks include weather volatility impacting customer demand and power costs, as the first quarter experienced an unusually warm winter. Regulatory uncertainties remain around the holding company proposal, multi-year rate plans, and the loss of the Reliability Contingency Event mechanism. The timing of settlements and potential leverage disagreements with intervenors are also noted.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-31

Q2 results met expectations with strong industrial demand and reaffirmed guidance. Regulatory progress included a new large load tariff and holding company formation, while O&M savings and robust financing support continued investment and growth.

Q1 2026 Q1 2026 2026-05-01

Q1 2026 results showed strong industrial demand growth offset by mild weather impacts on residential and commercial usage. Full-year earnings guidance and long-term growth targets were reaffirmed, with ongoing regulatory, cost management, and clean energy initiatives advancing.

Q4 2025 Q4 2025 2026-02-17

Announced $1.9B acquisition of PacifiCorp's Washington utility assets, adding 140,000 customers and expanding the portfolio by 18%. 2025 saw strong industrial growth and cost reductions, with 2026 EPS guidance of $3.33-$3.53 and reaffirmed 5%-7% long-term growth.

Q3 2025 Q3 2025 2025-10-31

Q3 saw robust financial and operational performance, with strong industrial load growth, over $1 billion in clean energy tax credits secured, and reaffirmed 2025 EPS guidance. Regulatory progress and disciplined cost management support long-term growth targets.

Q2 2025 Q2 2025 2025-07-25

Q2 saw strong industrial demand growth, robust financial results, and regulatory progress, with reaffirmed 2025 guidance and a focus on cost management, clean energy, and capital flexibility.

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