Portland General Electric Q1 EPS, Revenue Miss

Portland General Electric reported Q1 2026 adjusted EPS $0.58, missing consensus $1.07, and revenue $879 million versus $964.6 million forecast.
Revenue fell 5.3% YoY to $879 million, driven by an unusually mild winter reducing residential and commercial usage.
Industrial demand rose 10% QoQ from data‑center and high‑tech customers, while GAAP net income dropped to $45 million ($0.38/share) from $100 million last year.
Company reaffirmed FY2026 adjusted earnings guidance $3.33‑$3.53/share (midpoint $3.43) and continued its PacifiCorp Washington acquisition, targeting 2027 close.