Overview

* Portland General Electric ( POR ) Q2 adjusted EPS beats analyst expectations, per LSEG data

* Co reports 16.5% industrial load growth driven by data center demand

* Company reaffirms 2025 adjusted earnings guidance, indicating confidence in strategic initiatives

Outlook

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

* Company expects energy deliveries to increase by 2.5% to 3.5% in 2025

* Portland General Electric ( POR ) anticipates capital expenditures of $1,215 mln in 2025

* Company projects operating and maintenance expenses between $795 mln and $815 mln

Result Drivers

* DATA CENTER DEMAND - Significant demand growth from data center customers drove 16.5% industrial load growth

* SEMICONDUCTOR AND TECH INFRASTRUCTURE - Continued demand growth from semiconductor manufacturing and technology infrastructure customers boosted revenues

* EXPENSE INCREASES - Operating and maintenance expenses rose due to wildfire mitigation, vegetation management, and business transformation costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net $798 mln

Revenues

Q2 Beat $0.66 $0.64

Adjusted (10

EPS Analysts

)

Q2 EPS $0.56

Q2 Net $62 mln

Income

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 $45.00, about 11.7% above its July 24 closing price of $39.73

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

Press Release:

(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.)