Portland General Electric misses Q3 adjusted EPS estimates, revises 2026 outlook
POR•POR•POR•POR•Portland General Electric reported Q3 adjusted EPS of $1.06, below the $1.11 analyst estimate, and lowered its 2026 adjusted EPS guidance to $3.18-$3.28 per share. The company cited historically mild weather and said its long-term earnings outlook remains unchanged.
Portland General Electric reported Q3 adjusted EPS of $1.06, missing the $1.11 consensus estimate. Revenue was $969 million, and EPS was $1.
The company revised its 2026 adjusted EPS guidance to $3.18-$3.28 per share, citing the impact of unusually mild third-quarter weather. It said its long-term earnings guidance remains unchanged.
The company said historically mild weather reduced customer demand and negatively affected Q3 adjusted EPS. Industrial customer demand grew 9% year over year, led by high-tech and data center customers, while continued cost-management efforts contributed to earnings.
