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 -1.56% change in stock price 10 days leading up to the earnings, and a -0.32% change 10 days following the report. On the earnings day itself, the stock moves by -0.29%. 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
929.00M
15.84%
22.56%
Gross Margin
31.43%
17.23%
-6.21%
Operating Margin
15.72%
48.30%
2.75%
Net Margin
10.12%
72.70%
6.53%
EPS
0.90
95.65%
28.57%
No Data Available
POR Earnings Analysis
Portland General Electric Company Corporation (POR.N) Earnings Conference Call
Positive
Net Income Comparison: For the quarter, we reported GAAP net income of $94 million or $0.90 per diluted share. This compares with third quarter 2023 GAAP net income of $47 million or $0.46 per diluted share.
Adjusted Earnings Guidance Update: We are narrowing our 2024 adjusted earnings guidance to $3.08 to $3.18 per diluted share.
Renewable Energy Expansion: We entered 2024 focused on solidifying our energy portfolio by adding 500 megawatts of new renewable hydro capacity, integrating additional wind, and optimizing our generation assets.
Wind Development Performance: We also saw strong performance from the Clear Water Wind Development officially commissioned in September, which operates at a highly capable factor and provides important diversity to our generation mix.
Top Renewable Program Ranking: For the 15th year in a row, PGE's voluntary renewable program was ranked number one by NREL, with more than 25% of our residential and business customers choosing to enroll in our green future program.
Negative
Net Income Increase Analysis: GAAP net income of $94 million or $0.90 per diluted share, compared to $47 million or $0.46 per diluted share in Q3 2023, indicating a significant increase but reflecting underlying operational challenges.
Earnings Charge Impact: A charge to third quarter earnings of $0.11 per share related to the January 2024 storm and damage deferral, impacting overall profitability.
Storm Impact on Finances: We incurred costs related to the January 2024 storm, which negatively affected our financial results and led to a decrease in deferred amounts from $45 million to $28 million.
Operational Efficiency Challenges: Despite improved regional power cost conditions, we faced challenges in maintaining operational efficiency, which could impact future earnings.
Adjusted Earnings Guidance: Our adjusted earnings guidance for 2024 has been narrowed to $3.08 to $3.18 per diluted share, reflecting ongoing uncertainties in market conditions.
POR FAQs
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POR Earning Call Sentiment
Portland General Electric Company (POR) Q3 2024 Earnings Call Transcript
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POR.N
-0.17%Positive
The earnings call summary reflects strong financial health with over $1 billion in liquidity and positive EPS guidance. The Q&A section reveals management's confidence in wildfire resilience, industrial growth, and financing through ITCs. Concerns about equity needs and rate case settlements were addressed, suggesting stability. The company's market cap indicates moderate volatility, supporting a positive stock price prediction.
