Portland General Electric Co

Portland General Electric reported GAAP earnings of $0.38 per share for Q1 2026 (expectation $1.07) on revenue of $879 million (expectation $964.6 million), prompting a premarket decline in the stock. Management confirmed the adjusted full-year guidance of $3.33–3.53 per share and expects $2.75–2.95 per share from the remaining quarters. As part of the overhaul, the company plans substantial investments (Capex 2026: $1.655 billion, rising into 2027), the acquisition of assets from PacifiCorp in Washington and the creation of a holding structure to increase financing flexibility. Liquidity, investment-grade ratings and financing programs are intended to support the transformation, while management flagged risks including weather, wildfire exposure and regulatory uncertainties. » More on de.investing.com

Portland General Electric shares rose to $54.46, marking a new 52-week high, supported by a year-to-date gain of 33% and a strong 25% increase over the past six months. For 2025 the company reported adjusted earnings of $3.05 per share on revenues of $3.56 billion; the fourth quarter was weighed down by adverse weather. Portland General Electric announced the acquisition of PacifiCorp utility operations in Washington for $1.9 billion, a public placement of about 9.4 million shares at $50.70, and the nomination of Robert Hoglund to the board. UBS left its rating at neutral but raised the price target from $53 to $55, citing cost savings and rate-base growth. » More on de.investing.com

Oregon’s Public Utility Commission approved a 5% residential rate increase for Portland General Electric, roughly $8 more per month for the average customer, taking effect April 1. The company cited higher fuel costs, grid infrastructure investments, wildfire mitigation and clean energy and efficiency programs as reasons for the hike. The move follows state timing rules under the FAIR Energy Act and comes amid a more than 50% rise in residential rates over five years driven in part by growing demand from data centers. » More on yahoo.com