- Portland General Electric (PGE) reaffirms its full-year adjusted earnings per share (EPS) forecast at $3.13 to $3.33, matching market estimates of $3.23.
- The company revised its capital expenditure forecast to $1.22 billion, down from the previous $1.27 billion, aligning with market estimates.
- For the second quarter, PGE reported an EPS of $0.56, a decrease from $0.69 in the same period last year.
- Total revenue for the quarter reached $807 million, marking a 6.5% increase year-over-year, exceeding the market estimate of $794.3 million.
- Operating expenses rose by 7.3% year-over-year to $689 million.
- Operating income expanded by 1.7% year-over-year to $118 million, though it fell short of the estimated $132 million.
- Net interest expenses increased by 9.6% year-over-year to $57 million, slightly above the estimated $56.7 million.
- PGE is submitting a formal application to the Oregon Public Utilities Commission for approval to reorganize into a holding company, which includes forming a subsidiary for managing transmission assets.
- The company also plans to seek regulatory approval to recover costs related to its Distribution System Plan.
- PGE’s guidance is supported by analyst recommendations, which include 4 buy ratings, 9 hold ratings, and 1 sell rating.
Portland General Electric Company on Smartkarma
Analyst coverage on Portland General Electric Company on Smartkarma highlights positive sentiments regarding the company’s performance and growth prospects. Baptista Research, a trusted provider on the independent investment research network, published research reports showcasing Portland General Electric Company‘s financial achievements and strategic advancements.
In one report titled “Portland General Electric Is Quietly Restructuring—Here’s What It Means for Investors & Regulators!” by Baptista Research, the analysis delves into the company’s first-quarter results, noting a decline in GAAP net income but a significant increase in non-GAAP net income. The report also emphasizes the firm’s notable total load growth, especially in high-tech and data center sectors, indicating a positive outlook on future prospects. Another report, “Portland General Electric: Its Recent Renewable Energy Expansion Is A Significant Growth Driver! – Major Drivers,” highlights Portland General Electric Company‘s strong financial performance and strategic trajectory, attributing it to investments in clean energy and infrastructure improvements.
A look at Portland General Electric Company Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Portland General Electric Company is set for a promising future ahead, as indicated by its Smartkarma Smart Scores. With a strong Dividend score of 5, investors can expect attractive returns from the company’s dividend payments. The Value and Growth scores of 4 each suggest that the company offers good value and potential for growth in the long run. While the Resilience and Momentum scores are slightly lower at 3, indicating some room for improvement, the overall outlook remains positive for Portland General Electric Company.
Portland General Electric Company, an electric utility based in Oregon, is actively engaged in various aspects of the electricity market. From generating and purchasing electricity to distribution and sales, the company plays a vital role in serving the energy needs of the region. Moreover, its involvement in the wholesale market by trading electricity and natural gas further diversifies its operations and revenue streams. Overall, Portland General Electric Company stands out as a stable player in the industry with promising growth potential, supported by its impressive Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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