2023-07-28 05:05:34 ET
- Portland General Electric press release ( NYSE: POR ): Q2 Non-GAAP EPS of $0.44 misses by $0.05 .
- Revenue of $648M (+9.6% Y/Y) beats by $76.07M .
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2023 Earnings Guidance : The company is reaffirming its estimate for full-year 2023 adjusted earnings guidance of $2.60 to $2.75 per diluted share vs. consensus of $2.69.
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Operating and maintenance expense between $695 million and $715 million which includes approximately $45 million of storm, wildfire and related deferral and other expenses that are offset in revenue and other income statement lines;
- Depreciation and amortization expense between $445 million and $465 million;
- Effective tax rate of 15% to 20%;
- Cash from operations of $525 to $575 million;
- Capital expenditures of $1,475 million; and
- Average construction work in progress balance of $570 million.
For further details see:
Portland General Electric reports mixed Q2 earnings; reaffirms FY23 outlook