Full-year 2019 financial results of $2.39 per diluted share within guidance range
Initiating 2020 earnings guidance of $2.50 to $2.65 per diluted share
Providing long-term earnings per diluted share growth guidance of 4%-6% on average
Portland, Ore., – Portland General Electric Company (NYSE: POR) today reported net income of $214 million, or $2.39 per diluted share, for the year ended Dec. 31, 2019. This compares with net income of $212 million, or $2.37 per diluted share, for the year ended Dec. 31, 2018. Net income was $61 million, or $0.68 per diluted share, for the fourth quarter of 2019. This compares with $49 million, or $0.55 per diluted share, for the comparable period of 2018.
"I am pleased with our financial results and the progress that we continue to make on our strategic objectives to decarbonize our power supply, electrify other sectors of the economy and operate efficiently," said Maria Pope, PGE president and CEO. "In 2020 we are focused on investments that enhance reliability and resiliency."