Portland General Electric (POR) Misses Q1 EPS by 2c; beats on revenue, guidance

Portland General Electric (NYSE: POR) reported Q1 EPS of $0.80, $0.02 worse than the analyst estimate of $0.82. Revenue for the quarter came in at $748 million versus the consensus estimate of $640.1 million.

GUIDANCE:

Portland General Electric sees FY2023 EPS of $2.60-$2.75, versus the consensus of $2.15.

As previously announced, on April 21, 2023, the board of directors of Portland General Electric Company approved an increase in the annual dividend of 5.0%, or $0.09 per share, declaring a quarterly common stock dividend of $0.475 per share. The quarterly dividend is payable on or before July 17, 2023 to shareholders of record at the close of business on June 26, 2023.

For earnings history and earnings-related data on Portland General Electric (POR) click here.

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