Portland General Electric Q1 Diluted EPS Plunges to $0.38, Revenue Falls to $879M
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Portland General Electric reported significantly weaker first-quarter 2026 results, with diluted EPS falling to $0.38 and revenue declining to $879 million. This official 10-Q summary reveals a deeper earnings miss than the adjusted EPS of $0.58 previously reported by Reuters earlier today. Net income plummeted 55% year-over-year to $45 million, driven by lower retail usage and a 37% drop in wholesale sales. The substantial decline in profitability, particularly the official diluted EPS being much lower than initial adjusted figures, is a material negative development for the company. Traders will be watching for further details on the impact of lower usage and wholesale volumes on future guidance.
At the time of this announcement, POR was trading at $51.53 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $6B. The 52-week trading range was $39.55 to $54.62. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.