trending Market Intelligence /marketintelligence/en/news-insights/trending/mGL3RiulNC4pUB_EVVfZvA2 content esgSubNav
In This List

Portland General Electric Q2 net income misses estimates by wide margin

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


Portland General Electric Q2 net income misses estimates by wide margin

Portland General Electric Co. on Aug. 2 announced net income of $25.0 million, or 28 cents per share, in the 2019 second quarter, down from $46.0 million, or 51 cents per share, in the prior-year quarter.

The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was 50 cents.

Revenues were $460.0 million, improving from $449.0 million a year ago. The company reported income from operations of $57 million, a drop from $80 million a year earlier.

"This quarter, we navigated challenging regional power markets with significantly lower hydro production and are maintaining full year guidance," Portland General President and CEO Maria Pope said in a statement.

Looking ahead, Portland General affirmed its 2019 earnings guidance range of $2.35 per share to $2.50 per share.