Portland General Electric(US:POR) Financial Modeling Prepยท2025-10-31 19:31Core Insights - Portland General Electric Co. reported better-than-expected third-quarter earnings with adjusted earnings of $1.00 per diluted share, surpassing the consensus forecast of $0.98 [2] - Revenue for the quarter was $952 million, slightly below estimates of $975.7 million, but showed an increase from $929 million in the same quarter last year, driven by strong demand from data center customers [2] Financial Performance - The company achieved a 13% increase in industrial load from the previous quarter, indicating robust demand [2] - The reaffirmed 2025 adjusted earnings guidance is set between $3.13 to $3.33 per share, aligning with the analyst consensus of $3.23 [3] Strategic Initiatives - Portland General Electric is advancing its resource procurement strategy and has requested regulatory acknowledgment for an updated shortlist of bidders under its 2023 All-Source Request for Proposal [3] - The company anticipates finalizing contracts by early 2026, with new projects expected to commence service by the end of 2027 [3]