Portland General Electric (POR) Tops Q4 EPS by 7c; Guides FY17 In-Line

Portland General Electric (NYSE: POR) reported Q4 EPS of $0.68, $0.07 better than the analyst estimate of $0.61. Revenue for the quarter came in at $524 million versus the consensus estimate of $520.96 million.

GUIDANCE:

Portland General Electric sees FY2017 EPS of $2.20-$2.35, versus the consensus of $2.33.

"I’m very proud of our operational and financial performance, despite the impact of lower retail loads associated with warmer than normal temperatures and wind generation below our forecast that resulted in a return on equity lower than our currently allowed return," said Jim Piro, president and CEO. "We brought Carty Generating Station into service, and since then it has achieved an exceptional availability for a newly commissioned plant. We also filed our 2016 Integrated Resource Plan, which reflects our plans for a more renewable, reliable and affordable energy future for our customers."

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

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