Reports Q3 revenue $802M, consensus $749.17M. “While challenging power market conditions impacted our results in the quarter, we made important progress to reduce risk and reinforce our long-term growth trajectory,” said Maria Pope, PGE President and CEO. “In particular, we were pleased to reach a constructive settlement in our General Rate Case, which improved power cost risk management. We also received exciting news that the Department of Energy awarded three grants that reinforce the work we are doing to advance the clean energy transition in collaboration with regional partners.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on POR:
- Portland General Electric Announces Third Quarter 2023 Results
- POR Upcoming Earnings Report: What to Expect?
- Portland General Electric declares dividend
- Portland General Electric price target raised to $44 from $43 at Barclays
- Portland General Electric price target lowered to $45 from $48 at Guggenheim