Portland General Electric 2024 Guidance: Expects Adjusted EPS Of $2.98-$3.18 Vs. $3.08 Est.; Sees Cash From Operations Of $700M-$800M
Portfolio Pulse from Benzinga Newsdesk
Portland General Electric (PGE) has provided its 2024 earnings guidance, projecting an adjusted EPS of $2.98 to $3.18, which is in line with the estimated $3.08. The company also expects cash from operations to be between $700M and $800M, based on assumptions such as exclusion of January 2024 winter storm impacts, an increase in energy deliveries, normal temperatures, and hydro and wind generation levels.

February 16, 2024 | 10:09 am
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Portland General Electric (PGE) anticipates a 2024 adjusted EPS of $2.98 to $3.18, closely aligning with the $3.08 estimate. The company also forecasts cash from operations to range from $700M to $800M.
The guidance provided by PGE is closely aligned with market estimates, indicating a stable outlook for the company. The detailed assumptions behind the guidance, such as energy delivery growth and normal operations, suggest a well-planned strategy. However, the guidance range's alignment with estimates means the market may have already anticipated this performance level, leading to a neutral short-term impact on the stock price.
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