Portland General Electric (POR)
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
$48.76-0.83%
Close 2026-09-04 · 1-day change
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
QuarterlyIQ Insights · POR
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within utilities on a research-validated quality screen. As of 2026-09-04.
The screen ranks POR against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Utilities names rated neutral grew net income 67% of the time over the next year (vs 64% for the rest of the cohort, n=1452).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Complete acquisition of PacifiCorp's Washington utility operations to enhance scale, diversify presence, and support long-term EPS and dividend growth.
Stated as a priority in 3 of last 3 quarters. The acquisition of Washington utility operations for $1.9 billion was announced in 2025-Q4 and regulatory filings were submitted in 2026-Q1, with ongoing regulatory proceedings noted in 2026-Q2. Management expects accretion in the first full year and enhancement of long-term EPS and dividend growth. The trajectory is delivering as the acquisition progresses through regulatory approvals.
“Advancing major regulatory proceedings including our holding company and Washington acquisition filings.”
“PGE and PacifiCorp submitted joint application seeking approval of PGE's proposed acquisition of PacifiCorp's Washington utility operations.”
“Announced agreement to acquire select Washington state utility operations from PacifiCorp for $1.9 billion, expecting accretion and EPS growth.”
Sustain dividend growth with quarterly increases and support from strong cash flow and earnings.
Dividend growth has been stated as a priority in 3 of last 3 quarters. The quarterly dividend increased from $0.525 in 2025-Q4 to $0.55125 in 2026-Q2. Cash from operations remained strong, ranging from $231 million in 2025-Q1 to $268 million in 2026-Q1. Management has consistently approved dividend increases, and the trajectory is delivering.
“Board approved quarterly dividend of 55.125 cents per share payable October 15, 2026.”
Continue disciplined execution of operating cost management to offset weather and market impacts and support earnings guidance.
Cost management and operational execution have been emphasized in 3 of last 3 quarters. Operating and maintenance expense guidance for 2026 is between $810 million and $830 million. Operating income increased from $107 million in 2026-Q1 to $121 million in 2026-Q2. Management is reaffirming earnings guidance and executing cost control plans, indicating delivery on this priority.
Drive continued industrial load growth through contracts and tariff adjustments, focusing on data center and high-tech customers.
Industrial customer growth, especially from data centers, has been stated in 3 of last 3 quarters. Industrial load grew 11.2% year-over-year in 2026-Q2. The new large load tariff increased data center pricing by approximately 30% effective July 2026. Management is delivering on this priority with sustained demand growth and regulatory support.
“Industrial customer demand grew 11% year-over-year, driven by continued growth from high-tech and data center customers.”
Maintain full-year 2026 adjusted earnings guidance reflecting execution of operational and financial plans.
The 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share has been stated in 3 of last 3 quarters. Management initiated this guidance in 2025-Q4 and reaffirmed it in 2026-Q1 and 2026-Q2. The consistency of guidance and management's reaffirmations indicate stable expectations and execution aligned with this priority.
“Reaffirming 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share.”
Over the trailing year it converted 2.37x of net income into operating cash flow. Historically, Utilities names rated neutral grew net income 68% of the time over the next year (vs 64% for the rest of the cohort, n=1211).
Most sensitive to real (inflation-adjusted) rates and long-term interest rates.
Not enough signal to read sensitivity to the US dollar, the broad stock market, Fed net liquidity (low R² over the window).
18 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Utilities names rated neutral grew net income 71% of the time over the next year (vs 64% for the rest of the cohort, n=224).
Not investment advice. As of 2026-09-04.
“Board approved quarterly dividend of 55.125 cents per share payable July 15, 2026.”
“Board approved quarterly dividend of 52.5 cents per share payable April 15, 2026.”
“Focused on operational execution, meeting opportunities of customer growth, and advancing regulatory proceedings.”
“Strong operational performance and cost control are allowing us to navigate the impact of an unusually mild winter.”
“Operating and maintenance expenses remained largely flat; reaffirming 2026 adjusted earnings guidance.”
“Industrial customer demand grew 10% quarter-over-quarter, driven by data center and high tech customers.”
“Strong industrial demand growth of 14% year-over-year, driven by data center and high-tech customers.”
“Reaffirming 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share.”
“Initiating full-year 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share.”