Overview

* Portland General Q3 adjusted EPS beats analyst expectations, driven by industrial load growth

* Company reaffirms 2025 adjusted earnings guidance of $3.13 to $3.33 per share

* Revenue increased due to demand growth from technology infrastructure customers

Outlook

* Portland General Electric ( POR ) reaffirms 2025 adjusted earnings guidance of $3.13 to $3.33 per share

* Company expects 3.5% to 4.5% increase in energy deliveries for 2025

* Company plans capital expenditures of $1,220 mln for 2025

* PGE is proceeding with resource procurement to meet future energy needs, focusing on affordability, reliability, and decarbonizatio

Result Drivers

* DATA CENTER DEMAND - Continued demand growth from data center customers drove 13% industrial load growth qtr-over-qtr

* COST RECOVERY - Improved cost recovery contributed to total revenue increase

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $946 mln

Revenue

Q3 Beat $1 $0.96

Adjusted (10

EPS Analysts

)

Q3 EPS $0.94

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the electric utilities peer group is "buy."

* Wall Street's median 12-month price target for Portland General Electric Co ( POR ) is $47.00, about 2.6% above its October 30 closing price of $45.80

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)