Portland General beats Street estimates with Q4 net income, sets 2021 guidance | POR Message Board Posts


Portland General Electric Company

  POR website

POR   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board
Msg  18 of 25  at  2/24/2021 7:44:53 AM  by

jerrykrause


Portland General beats Street estimates with Q4 net income, sets 2021 guidance

 from SNL Energy Finance Daily
 
 

Portland General beats Street estimates with Q4 net income, sets 2021 guidance

 
 
Byline: Selene Balasta
 
 

Portland General Electric Co. on Feb. 19 reported fourth-quarter 2020 GAAP net income of $52 million, or 57 cents share, down from $61 million, or 68 cents per share, in the same quarter in 2019.

The S&P Capital IQ consensus GAAP EPS estimate for the quarter was 42 cents.

PGE booked full-year 2020 non-GAAP net income of $247 million, or $2.75 per share, after adjusting for the impact of the energy trading losses.

The S&P Capital IQ consensus normalized EPS estimate for 2020 was $1.70.

Full-year 2020 GAAP net income totaled $155 million, or $1.72 per share, a drop from $214 million, or $2.39 per share, in 2019.

The company generated total revenues of $2.15 billion in 2020, an increase from $2.12 billion a year ago. The increase was due to higher energy demand, which was partially offset by impacts associated with COVID-19.

PGE initiated full-year 2021 earnings guidance of $2.55 per share to $2.70 per share.

 


     e-mail to a friend      printer-friendly     add to library      
|  
Recs: 0  
   Views: 0 []
Previous Message  Next Message    Post Message    Post a Reply return to message boardtop of board




Financial Market Data provided by
.
Loading...