Portland General Electric (POR) Misses Q2 EPS by 8c; Maria Pope to Succeed Jim Piro as CEO

Portland General Electric (NYSE: POR) reported Q2 EPS of $0.36, $0.08 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $449 million versus the consensus estimate of $465.7 million.

GUIDANCE:

Portland General Electric sees FY2017 EPS of $2.20-$2.35.

PGE announces succession plan

Jim Piro, president and chief executive officer (CEO), notified the board of directors on July 26, 2017 of his decision to retire from Portland General Electric on Dec. 31, 2017. As part of the company’s leadership succession plan, the board of directors has appointed Maria Pope, senior vice president of Power Supply, Operations and Resource Strategy, to succeed Mr. Piro. Ms. Pope will assume the role of company president on Oct. 1, 2017, and the role of CEO and member of the board of directors effective Jan. 1, 2018.

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

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