Portland General Electric Q2 adjusted EPS misses estimates

Portland General Electric

31/07/2026 10:12

Overview
US electric utility's Q2 revenue rose slightly, driven by strong industrial demand
Adjusted EPS for Q2 missed analyst expectations
Company reaffirmed 2026 adjusted earnings guidance

Outlook
Portland General Electric reaffirms 2026 adj EPS guidance of $3.33 to $3.53
Company expects energy deliveries to rise 1.5% to 2.5% in 2026, weather adjusted
Portland General Electric forecasts 2026 capital expenditures at $1,655 mln

Result Drivers
INDUSTRIAL LOAD GROWTH - Co said 11% year-over-year growth in industrial demand, especially from high-tech and data center customers, drove higher energy deliveries and revenue
COST MANAGEMENT - Operations and maintenance expense decreased due to ongoing cost management efforts
REGULATORY CHANGES - Approval of new large customer tariff increased data center pricing by about 30% and lowered costs for other customers

Company press release: ID:nPn5Y6xRna

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Revenue
 
$811 mln
 
Q2 Adjusted EPS
Miss
$0.64
$0.68 (8 Analysts)
Q2 EPS
 
$0.59
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy."
Wall Street's median 12-month price target for Portland General Electric Co is $51.00, about 1.8% above its July 30 closing price of $50.09
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

Reuters Recommended Reads
July 30 - Alliant Energy beats quarterly profit estimates on higher rates, data center demand
July 28 - CenterPoint Energy reports Q2 profit beat, hikes capex plan on data center demand
July 30 - American Electric Power lifts forecast as AI fuels electricity demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)