POR Earnings Prediction
The chart below shows how POR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, POR sees a -1.18% change in stock price 10 days leading up to the earnings, and a +0.60% change 10 days following the report. On the earnings day itself, the stock moves by -0.66%. This data can give you a slight idea of what to expect for the next quarter's release.
POR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
824.00M
13.66%
-11.30%
Gross Margin
29.13%
-8.97%
-7.32%
Operating Margin
10.68%
-31.49%
-32.06%
Net Margin
4.61%
-50.85%
-54.45%
EPS
0.35
-47.76%
-61.11%
No Data Available
POR Earnings Analysis
Portland General Electric Co Corporation (POR.N) Earnings Conference Call
Positive
Earnings Beat Expectations: Portland General Electric Company beat earnings expectations with a reported EPS of $0.34, exceeding the expected $0.33.
Net Income Increase: In 2024, the company reported GAAP net income of $313 million or $3.01 per diluted share, a significant increase from $228 million or $2.33 per share in 2023.
Energy Usage Increase: The company experienced a 3% increase in weather-adjusted energy usage compared to 2023, driven by industrial growth of 11% year-over-year, particularly from semiconductor manufacturing and data center customers.
Customer Usage Growth Expectations: PGE is increasing its long-term customer usage growth expectations from 2% to 3% through 2029, reflecting solid fundamentals and operational excellence.
Capital Investment Strategy: The company invested over $1.2 billion in capital projects in 2024, focusing on customer growth, grid resiliency, and decarbonization.
Clean Energy Growth: PGE's clean energy resources represented 45% of its energy mix in 2024, with a 7% compounded growth rate in non-emitting resources since 2020.
Wind Energy Integration Expansion: The integration of the Clearwater Wind Energy Center led to record wind integration in 2024, and the company is set to have over 500 megawatts of battery capacity, enhancing system reliability and energy price stability.
Safety Performance Improvement: PGE's OSHA recordable incident rate has decreased by 16% and lost time incident rate by 27% since 2020, indicating improved safety performance.
Cost Reduction Strategies: The company is focused on customer affordability and has implemented company-wide actions to reduce costs and enhance operational efficiency.
Strong Liquidity Position: PGE's total available liquidity at year-end was $997 million, maintaining a strong balance sheet and investment-grade credit rating.
Negative
Quarterly Earnings Decline: GAAP net income for Q4 2024 was $39 million or $0.36 per share, down from $68 million or $0.67 per share in Q4 2023, indicating a significant decline in quarterly earnings.
Residential Energy Consumption Decline: Residential load decreased by 2.8% year-over-year, which reflects a negative trend in residential energy consumption despite a slight increase in customer count.
Commercial Sector Challenges: Commercial load also decreased by 2.2% year-over-year, indicating challenges in the commercial sector, driven largely by energy efficiency measures.
GAAP EPS Decline: The company faced a $0.13 decrease in GAAP EPS due to non-recoverable January RCE costs, highlighting financial pressures from external factors.
Rate Review Impact: The 2025 rate review decision was less favorable than anticipated, which may impact future revenue and growth strategies.
Project Withdrawal Impact: The withdrawal of a significant project from commercial negotiations indicates potential setbacks in planned growth and resource acquisition.
Rising O&M Expenses: Increased maintenance costs and wages contributed to higher O&M expenses, which could pressure profitability moving forward.
POR FAQs
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POR Earning Call Sentiment
Portland General Electric Company (NYSE:POR) Q4 2024 Earnings Call Transcript
POR.N
0.34%Positive
The earnings call highlights strong financial performance with a significant increase in net income and EPS, alongside positive industrial demand growth. Despite a Q4 dip, optimistic long-term guidance and strategic initiatives in renewable energy and wildfire mitigation are promising. The Q&A section reveals proactive management in addressing wildfire risks and cost management, though some details remain unclear. The company's market cap suggests a moderate reaction, leading to a positive stock price prediction over the next two weeks.
