Portland General Electric | 8-K: FY2026 Q2 Revenue: USD 814 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 814 M.
EPS: As of FY2026 Q2, the actual value is USD 0.59, missing the estimate of USD 0.63.
EBIT: As of FY2026 Q2, the actual value is USD 121 M.
Outlook / Guidance
Portland General Electric Company reaffirms its 2026 full-year adjusted EPS guidance of $3.33 to $3.53 per diluted share. The company anticipates 2026 weather-normalized load growth of 1.5% to 2.5%, with long-term load growth projected at 3% through 2030, and long-term EPS and dividend growth of 5% to 7% from the 2024 adjusted EPS guidance midpoint of $3.08. Additionally, an acquisition in Washington state is on track for a mid-2027 closing.
Net Income (GAAP)
- For the three months ended March 31, 2026: $45 million.
- For the three months ended June 30, 2025: $62 million.
- For the three months ended December 31, 2025: $41 million.
- For the three months ended September 30, 2025: $103 million.
- For the three months ended June 30, 2026: $68 million.
Net Income (Non-GAAP)
- For the three months ended March 31, 2026: $68 million.
- For the three months ended June 30, 2025: $73 million.
- For the three months ended December 31, 2025: $53 million.
- For the three months ended September 30, 2025: $110 million.
- For the three months ended June 30, 2026: $74 million.
Capital Expenditures
- Total Forecasted Capital Expenditures: $7.63 billion.
Credit Metrics (Estimated as of June 30, 2026)
- FFO (Funds From Operations): 19.1%.
- CFO (Cash Flow from Operations) pre-Working Capital: 20.1%.
- Credit Ratings: S&P BBB+ / Stable, Moody’s A3 / Stable.
Equity Financing
- Base Financing:
- 2026: $300 million.
- 2027: $50 million.
- 2023 RFP Financing:
- 2026: $250 million.
- 2027: $100 million.
2026 YTD Financing Highlights
- Executed a $550 million equity forward sale agreement.
- Entered into a $500 million ATM (At-The-Market) facility.
- Entered into a 24-month credit agreement with lenders for an aggregate principal of $350 million.
Operational Metrics
- Residential and commercial load was flat compared to Q2 2025.