POR Portland General Electric Co

$POR Does PGE's 15% Q3 profit jump outweigh a 12% nine-month drop and its fight over Oregon's dividend limits? 📈 Portland General Electric, an Oregon electric utility worth about $5.21B at $44.27 (16:00 ET Oct 28, 2026), said in its 10-Q that Q3 net income rose 15% to $119M from $103M as revenue rose 2% to $971M 📈 Retail revenue rose to $809M from $794M on Oregon-approved recovery of past cost deferrals, and administrative and other expense fell to $86M from $99M, helped by a $3M reduction in business transformation expense; the quarter still included $9M of that expense 📅 Next: Nine-month net income is down 12% to $232M; PGE has asked Oregon regulators to clarify or reconsider dividend limits in the Sept 25 holding-company order, and once resolved its board decides whether to put the holding company to a shareholder vote; a rate case order is expected by the end of June 2027 Source: SEC 10-Q, Oct 29 + SEC 8-K, Sept 28

$POR Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $1.00 • Reported revenue of $971M up 2.00% YoY • Portland General Electric revised full-year 2026 adjusted earnings guidance to $3.18 to $3.28 per diluted share; cash from operations is $950M, with capital expenditures of $1.57B.

$POR reports earnings tomorrow before the open. I used Stock Meadow’s earnings dashboard to review its history: POR has beaten EPS estimates in 4 of its last 8 reports.

$POR Follow-up: Portland General Electric, the Oregon utility with nearly 960,000 customers, told regulators Oct 15 it needs 3,377 MW of new resources by 2030, or 6,747 MW to meet Oregon's 80% emissions cut on time. PGE gave no cost; market value ~$5.16B at $43.87 (16:00 ET Oct 15). Oregon's Sept 25 holding-company order tied dividends to retained earnings and credit ratings; PGE doesn't expect to proceed unless they're clarified or modified, yet pushes for one to fund this. Review (Docket LC 88) runs in coming months; PGE can't predict the outcome.