Portland General Electric logs increases in Q1 net income, revenue | POR Message Board Posts


Portland General Electric Company

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Msg  20 of 25  at  5/5/2021 4:21:43 AM  by

jerrykrause


Portland General Electric logs increases in Q1 net income, revenue

 from    SNL Energy Finance Daily
 
 

Portland General Electric logs increases in Q1 net income, revenue

 
 
Byline: Nephele Kirong
 
 

Portland General Electric Co. on April 30 reported net income of $96 million, or $1.07 per share, in the first quarter of 2021, up from $81 million, or 91 cents per share, in the same period in 2020.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 93 cents.

Revenues totaled $609 million in the first quarter, compared with $573 million in the year-ago period. Income from operations was unchanged at $133 million.

The company reaffirmed its 2021 earnings guidance of $2.55 per share to $2.70 per share.

 


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