Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Portland General Electric (POR) , which belongs to the Zacks Utility - Electric Power industry, could be a great candidate to consider.This electric utility has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 3.69%.For the most recent quarter, Port ...

The market expects Portland General Electric (POR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to ...

Core Viewpoint - Portland General Electric Company (PGE) is set to host an analyst conference call on April 25, 2025, to discuss its first quarter 2025 financial results, with earnings summary released before market opening on the same day [1]. Group 1 - The conference call will be led by key executives including Maria Pope (President and CEO), Joe Trpik (Senior Vice President of Finance and CFO), and Nick White (Manager of Investor Relations) [2]. - The conference call can be accessed via webcast on PGE's investor website, with a replay available starting at 2 p.m. ET on April 25 [3]. Group 2 - Portland General Electric is an integrated energy company serving over 950,000 customers in Oregon, with a commitment to clean energy and reducing emissions by 80% by 2030 and 100% by 2040 [4]. - PGE has been recognized for its customer experience, ranking as the No. 1 utility in the 2024 Forrester U.S. Customer Experience Index, and has a leading voluntary renewable energy program [4]. - In 2024, PGE and its employees contributed $5.5 million and nearly 23,000 volunteer hours to over 480 nonprofit organizations [4].

In 2024, PGE saw increases in clean energy resources, large customer participation in voluntary clean energy programs, record fish returns at hydro facilities and increases in employee volunteerism.PORTLAND, Ore., March 5, 2025 /PRNewswire/ -- Portland General Electric (PGE) today reported a record 45% of the energy it generated and procured came from non-carbon-emitting resources in 2024. This represents a 7% compounded growth rate in PGE's non-emitting resource mix since 2020, building on the company's co ...

Financial Data and Key Metrics Changes - For the full year 2024, the company reported GAAP net income of $313 million or $3.01 per diluted share, compared to GAAP net income of $228 million or $2.33 per share in 2023, reflecting a significant increase [9] - Non-GAAP net income for 2024 was $327 million or $3.14 per share, up from $233 million or $2.38 per share in 2023 [9] - For Q4 2024, GAAP net income was $39 million or $0.36 per share, down from $68 million or $0.67 per share in Q4 2023 [9] Business Line Data and Key Metrics Changes - Weather-adjusted energy usage increased by 3% in 2024, driven by industrial growth of 11% year-over-year, particularly from semiconductor manufacturing and data center customers [10] - Residential load decreased by 2.8% year-over-year but increased by 0.5% when weather-adjusted [32] - Industrial load growth increased by 10.3% or 10.7% weather-adjusted from 2023, indicating strong demand from key sectors [32] Market Data and Key Metrics Changes - Clean energy represented 45% of the company's energy mix in 2024, with a compounded growth rate of 7% in non-emitting resources since 2020 [18] - The company is positioned in a top growth market for data centers and semiconductor manufacturers, supported by state funding of $500 million for tech manufacturing [17] Company Strategy and Development Direction - The company is focused on five key priorities: enabling high-tech growth, customer values in sustainability, customer affordability, risk reduction, and creating an investable energy future for Oregon [13][15] - The company plans to deepen relationships with customers and stakeholders to ensure competitive returns and attract investments [29] - The company is committed to operational excellence and cost reductions, with a long-term earnings growth guidance of 5% to 7% [11][49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fundamentals and long-term growth expectations, increasing customer usage growth expectations from 2% to 3% through 2029 [10][49] - The company anticipates 2025 earnings guidance of $3.13 to $3.33 per diluted share, supported by solid expectations of service territory growth [46] - Management highlighted ongoing efforts to reduce risk and improve safety culture, with a 16% reduction in OSHA recordable incident rates since 2020 [24] Other Important Information - The company deployed over $1.2 billion in capital projects in 2024, focusing on customer growth, grid resiliency, and decarbonization [12] - Total available liquidity at year-end was $997 million, with ongoing evaluations of financing options to maintain flexibility [43] Q&A Session Summary Question: Wildfire efforts and legislative changes - Management discussed ongoing wildfire mitigation efforts and the importance of liability limitations in legislative discussions, emphasizing the need for a backstop fund [56][58] Question: Cost structure and rate lag - Management addressed the need to realign cost structures to reduce structural lag, with a focus on long-term performance and efficiency [65][66] Question: Regulatory strategy and rate cases - Management is evaluating the timing of future rate cases and the potential for a tracker for the Seaside battery project, considering the uncertainty of recovery [74][84] Question: Equity contributions and funding - Management indicated openness to equity contributions for risk reduction initiatives, emphasizing the importance of addressing liability standards [78][79] Question: Federal initiatives and wildfire mitigation - Management noted increased federal focus on wildfire management and the alignment of state and federal efforts to enhance energy security [135][138]

Group 1 - The conference call for Portland General Electric Company's Q4 2024 earnings results took place on February 14, 2025, at 11:00 AM ET [1][2] - The call was led by Nick White, Manager of Investor Relations, with key participants including Maria Pope, President and CEO, and Joe Trpik, SVP, Finance and CFO [1][5] - A presentation was prepared to supplement the discussion, available on the company's investor relations website [3] Group 2 - The company cautioned that some remarks during the call would constitute forward-looking statements, which involve inherent risks and uncertainties [4]

Exhibit 99.2 Portland General Electric EARNINGS CONFERENCE CALL FOURTH QUARTER AND FULL YEAR 2024 Cautionary statement Information Current as of February 14, 2025 Except as expressly noted, the information in this presentation is current as of February 14, 2025 – the date on which PGE filed its Annual Report on Form 10-K for the year ended December 31, 2024 - and should not be relied upon as being current as of any subsequent date. PGE undertakes no duty to update this presentation, except as may be require ...

Financial Performance - Portland General Electric reported a GAAP net income of $313 million, or $3.01 per diluted share, for the year ended December 31, 2024, which includes a $0.13 per diluted share impact from January 2024 winter storms[1][2] - Non-GAAP net income for 2024 was $327 million, or $3.14 per diluted share, compared to $233 million, or $2.38 per diluted share for 2023[2][21] - Net income for 2024 was $313 million, up 37.4% from $228 million in 2023[32] - Basic earnings per share increased to $3.02 in 2024, compared to $2.33 in 2023, reflecting a 29.6% growth[32] - Total revenues for 2024 reached $3,440 million, a 17.7% increase from $2,923 million in 2023[32] - Total retail revenues for 2024 reached $2,815 million, a 15% increase from $2,447 million in 2023[42] - Residential retail revenues increased by 15% to $1,457 million in 2024, compared to $1,263 million in 2023[42] Capital Investments and Expenditures - Total capital investments in 2024 amounted to $1,262 million, focusing on grid modernization, renewable energy integration, and wildfire risk mitigation[6][11] - Capital expenditures for 2024 were $1,268 million, a decrease from $1,358 million in 2023[39] Operational Metrics - Total operating expenses rose to $2,928 million in 2024, a 15.9% increase from $2,527 million in 2023[32] - Cash flows from operating activities improved significantly to $778 million in 2024, compared to $420 million in 2023[39] - Cash flows from financing activities provided $526 million in 2024, down from $778 million in 2023[41] Energy Production and Capacity - The Clearwater Wind Energy Facility achieved commercial operations with a capacity of 311 MW, contributing to PGE's wind production capabilities[6] - PGE integrated 292 MW of battery storage, including the 75 MW Constable Battery Energy Storage System, enhancing grid flexibility and renewable energy management[6][9] - Total system load for 2024 was 30,348 MWh, an increase from 27,169 MWh in 2023[44] - Natural gas generation accounted for 36% of total generation in 2024, down from 40% in 2023[44] Future Guidance and Projections - The company initiated 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share, reaffirming a long-term earnings per share growth target of 5% to 7%[5][9] - Operating and maintenance expenses for 2025 are projected to be between $795 million and $815 million, including approximately $135 million related to wildfire and vegetation management[11] - PGE plans to file a draft 2025 All-Source Request for Proposals to meet forecasted capacity needs and advance decarbonization targets[14] Balance Sheet and Equity - Total assets increased to $12,544 million as of December 31, 2024, up from $11,208 million in 2023[34] - Long-term debt rose to $4,354 million in 2024, compared to $3,905 million in 2023[37] - The total shareholders' equity increased to $3,794 million in 2024, up from $3,319 million in 2023[37] Customer Metrics - The average number of retail customers rose to 943,944 in 2024, an increase from 928,860 in 2023[42] - Total retail energy deliveries for 2024 were 21,697 MWh, up from 21,423 MWh in 2023, reflecting a growth of 1.3%[42] - Retail load requirement for 2024 was 20,626 MWh, compared to 20,219 MWh in 2023[44] Dividends - Dividends paid increased to $200 million in 2024 from $179 million in 2023[41]

Core Viewpoint - Portland General Electric (POR) reported quarterly earnings of $0.34 per share, exceeding the Zacks Consensus Estimate of $0.32 per share, but down from $0.68 per share a year ago, indicating a 50% year-over-year decline in earnings [1][2] Financial Performance - The company achieved revenues of $824 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 15.06% and up from $725 million in the same quarter last year, reflecting a year-over-year revenue growth of approximately 13.7% [2] - Over the last four quarters, Portland General Electric has consistently surpassed consensus EPS estimates [2] Stock Performance and Outlook - The stock has underperformed, losing about 3.4% since the beginning of the year, while the S&P 500 has gained 4% [3] - The current consensus EPS estimate for the upcoming quarter is $1.11 on revenues of $953.93 million, and for the current fiscal year, it is $3.20 on revenues of $3.48 billion [7] Industry Context - The Utility - Electric Power industry, to which Portland General Electric belongs, is currently ranked in the bottom 47% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact the stock's performance [5][6]

Full-year 2024 GAAP financial results of $3.01 per diluted share; full-year 2024 non-GAAP adjusted financial results of $3.14 per diluted share Initiating 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share and reaffirming 5% to 7% long-term earnings per share growth using a base of $3.08 per diluted share, the mid-point of original 2024 adjusted earnings guidance PORTLAND, Ore., Feb. 14, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on ...