Portland General Electric (POR) Reports In-Line Q4 EPS; Maintains FY20 EPS Guidance

Portland General Electric (NYSE: POR) reported Q4 EPS of $0.68, in-line with the analyst estimate of $0.68.

"I am pleased with our financial results and the progress that we continue to make on our strategic objectives to decarbonize our power supply, electrify other sectors of the economy and operate efficiently," said Maria Pope, PGE president and CEO. "In 2020 we are focused on investments that enhance reliability and resiliency."

GUIDANCE:

Portland General Electric sees FY2020 EPS of $2.50-$2.65, versus the consensus of $2.56.

2020 earnings guidance

PGE is initiating full-year 2020 earnings guidance of $2.50 to $2.65 per diluted share based on the following assumptions:

• An increase in retail deliveries between 0.5 and 1.5%, weather adjusted;
• Average hydro conditions for the year;
• Wind generation based on five years of historical levels or forecast studies when historical data is not available;
• Normal thermal plant operations;
• Operating and maintenance costs between $590 million and $610 million; and
• Depreciation and amortization expense between $415 million and $435 million.

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

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