Portland General Electric announces first quarter 2019 results

Apr. 26, 2019

  • Reaffirming 2019 guidance of $2.35 - $2.50 per diluted share

  • Announced annual dividend increase of 9 cents per share or 6.3% growth

PORTLAND, Ore., April 26, 2019 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income of $73 million, or 82 cents per diluted share, for the first quarter of 2019. This compares with net income of $64 million, or 72 cents per diluted share, for the first quarter of 2018.

"Against the backdrop of highly volatile regional energy markets, our power supply portfolio performed well, allowing us to effectively manage costs and deliver solid results," said Maria Pope, PGE president and CEO. "Additionally, we are advancing our transportation electrification plan to expand infrastructure and increase access vital to cleaner energy for Oregon."