- Portland General Electric press release ( NYSE: POR ): Q3 GAAP EPS of $0.65 beats by $0.04 .
- Revenue of $743M (+15.7% Y/Y) beats by $106.39M .
- Increasing long-term EPS growth guidance to 5% to 7% from a 2022 adjusted earnings base year.
- Reaffirming 2022 GAAP basis earnings guidance of $2.60 to $2.75 and non-GAAP basis adjusted earnings guidance of $2.74 to $2.89 vs. consensus of $2.81.
- Operating and maintenance expense revised from $620 to $640 million, to between $640 million to $660 million.
- Effective tax rate of 15% to 20%.
- Cash from operations of $550 million to $600 million.
- Capital expenditures of $750 million.
- Average construction work in progress balance of $370 million.
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Portland General Electric reports Q3 earnings beat; reaffirms FY22 guidance