Loading...
•
Dec 31, 2024
PGE Q4 2024 Earnings Report
PGE reported lower net income despite revenue growth in Q4 2024.
Key Takeaways
Portland General Electric (PGE) reported revenue growth of 4.74% YoY in Q4 2024, driven by increased demand from semiconductor and technology infrastructure customers. However, net income declined by 42.65% YoY due to rising costs for power, fuel, and operations.
Q4 revenue grew 4.74% YoY, reaching $870,000,000.
Net income declined 42.65% YoY due to higher power, fuel, and operational costs.
Operating margin decreased from 23.05% to 14.94%.
PGE remains focused on clean energy investments and long-term earnings growth.
PGE
PGE
PGE Revenue by Segment
Revenue by Segment
Residential Revenue
CapyFin.comCommercial Revenue
CapyFin.comIndustrial Revenue
CapyFin.com Forward Guidance
PGE expects modest revenue growth in 2025, driven by higher energy demand and investments in clean energy projects, while cost pressures remain a challenge.
Positive Outlook
- 2025 adjusted EPS guidance of $3.13 - $3.33 per share.
- Energy deliveries expected to grow by 2.5% to 3.5%.
- Continued investment in grid modernization and renewable energy.
- Projected capital expenditures of $1.27 billion in 2025.
- Expansion of battery storage capacity for greater grid resilience.
Challenges Ahead
- Ongoing cost pressures from power and fuel expenses.
- Potential regulatory and policy uncertainties affecting revenue.
- Weather-related demand fluctuations remain a risk factor.
- Higher operating and maintenance expenses forecasted.
- Increased depreciation and interest expenses due to asset growth.