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Portland General Electric Co (POR) Q2 2025 Earnings Call Highlights: Strong Industrial Growth ...
Portland General Electric Co (POR) Q2 2025 Earnings Call Highlights: Strong Industrial Growth ...

Yahoo

time26-07-2025

  • Business
  • Yahoo

Portland General Electric Co (POR) Q2 2025 Earnings Call Highlights: Strong Industrial Growth ...

GAAP Net Income: $62 million or $0.56 per diluted share for Q2 2025. Non-GAAP Net Income: $73 million or $0.66 per diluted share for Q2 2025. Total Load Increase: 4.9% overall and 6.1% weather-adjusted compared to Q2 2024. Residential Load: Decreased 2.3% quarter over quarter, increased 1% weather-adjusted. Commercial Load: Increased 0.3% overall, 0.7% weather-adjusted. Industrial Load: Increased 16.5% on a nominal and weather-adjusted basis. Revenue Increase: $0.32 EPS increase driven by demand growth and improved recovery. Operations and Maintenance Expenses: $0.06 EPS increase due to cost management and optimization. Other Operating Expenses: $0.13 EPS decrease from higher depreciation, amortization, and interest expense. Business Transformation and Optimization Expenses: $0.10 EPS decrease. Liquidity: Total liquidity at the end of Q2 was $980 million. 2025 Adjusted Earnings Guidance: Reaffirmed at $3.13 to $3.33 per diluted share. Long-term Earnings and Dividend Growth Guidance: 5% to 7%. Warning! GuruFocus has detected 9 Warning Signs with POR. Release Date: July 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Portland General Electric Co (NYSE:POR) reported strong execution across its business and significant advances in its strategic priorities, including clean energy investments and customer affordability. The company experienced a 16.5% increase in industrial load demand, particularly from data centers, highlighting robust growth in this sector. Portland General Electric Co (NYSE:POR) is focused on maximizing federal tax credits to lower the cost of clean energy and keep customer prices low. The Oregon legislature passed the Power Act, which enhances regulatory flexibility and supports long-term contracting with data center customers. The company reaffirmed its 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share and its long-term earnings and dividend growth guidance of 5% to 7%. Negative Points Portland General Electric Co (NYSE:POR) made the difficult decision to reduce 330 employed and contracted positions as part of its cost management efforts. The company reported a decrease in residential load by 2.3% quarter over quarter, although it increased 1% when weather-adjusted. There was a $0.20 decrease in EPS from power costs due to less favorable wholesale and environmental credit market conditions. The company faces ongoing challenges with wildfire policy and is focused on supporting policies that clarify standards for wildfire mitigation. Portland General Electric Co (NYSE:POR) is undergoing business transformation and optimization efforts, which will incur costs into next year. Q & A Highlights Q: How does the MOU inform the path through the Seaside and distribution recovery proceedings compared to a general rate case? A: Maria Pope, CEO, explained that the MOU allows for front-loaded discussions, aligning interests and shared understanding before entering rate review proceedings. This approach should lead to certainty, predictability, and value creation, with the Seaside battery project expected to conclude in October and the DSP ARM in April. Q: Can you discuss the impact of the 2023 and 2025 RFPs on tax credit eligibility and procurement acceleration? A: Joseph Trpik, CFO, noted that the 2023 RFP repricing allows bidders to price in previously uncertain factors, providing clarity. The 2025 RFP will focus on identifying bidders with tax credit eligibility to minimize customer price impacts, with potential acceleration of procurement from the 2023 RFP. Q: How will House Bill 3179 and the DSP filing affect ROEs until new base rates are set? A: Joseph Trpik stated that the combination of cost management actions and case timing is expected to maintain the current ROE range of 8.8% to 9.1%, with no additional lag anticipated. The regulatory and growth plans are aligned with this expectation. Q: What is the impact of the Fair Act on rate timing and investment adjustments? A: Maria Pope highlighted that the Fair Act facilitates multiyear rate making and aligns customer price changes with less challenging months. Internal adjustments are needed, but overall, the Act provides increased securitization and supports long-term rate making discussions. Q: How does the industrial demand growth affect power costs and wholesale market dynamics? A: Maria Pope explained that long-term contracts with key customers, particularly data centers, will tie investments into infrastructure, reducing power cost pressures. Initiatives like battery storage and joining the Energy Day-Ahead Market will further smooth customer prices and lower costs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Tour de France: UAE name powerful line-up to support Tadej Pogacar
Tour de France: UAE name powerful line-up to support Tadej Pogacar

The South African

time27-06-2025

  • Sport
  • The South African

Tour de France: UAE name powerful line-up to support Tadej Pogacar

Tadej Pogacar will set off in defence of his Tour de France title on Saturday, 5 July backed by a powerful squad which his UAE team unveiled on Friday. The 26-year-old Slovenian has ridden the three-week Tour five times, winning three and finishing second to Jonas Vingegaard in 2022 and 2023. 'It's hard to believe it's already my sixth Tour de France, time flies,' he said in the team press release. He started the season by taking the UAE Tour, then won four one-day races, including Liege-Bastogne-Liege, finishing on the podium in three others. He ended his Tour preparation by winning the penultimate warm-up event, the eight-day Criterium du Dauphine. 'I'm lucky to have had close to the perfect preparation this year – everything has gone really smoothly,' said Pogacar. He will be backed by five of the team-mates who helped him to victory in the Dauphine – Marc Soler, Nils Politt, Pavel Sivakov, Tim Wellens and Jhonatan Narvaez. Reflecting the depth of the UAE squad, they will be joined by Adam Yates and Joao Almeida, who both finished in the top six in last year's Tour de France. In Pogacar's absence, Almeida won the final Tour warm-up, the Tour of Switzerland, for his third stage-race victory this season. 'The vibes in the team are amazing right now, and that gives me a lot of confidence,' said Pogacar. Joao Almeida (POR), Jhonatan Narvaez (ECU), Tadej Pogacar (SLO), Nils Politt (GER), Pavel Sivakov (FRA), Marc Soler (ESP), Tim Wellens (BEL), Adam Yates (GBR) Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news. By Garrin Lambley © Agence France-Presse

UAE name powerful team to support Pogacar in Tour de France
UAE name powerful team to support Pogacar in Tour de France

France 24

time27-06-2025

  • Sport
  • France 24

UAE name powerful team to support Pogacar in Tour de France

The 26-year-old Slovenian has ridden the three-week Tour five times, winning three and finishing second to Jonas Vingegaard in 2022 and 2023. "It's hard to believe it's already my sixth Tour de France, time flies," he said in the team press release. He started the season by taking the UAE Tour, then won four one-day races, including Liege-Bastogne-Liege, finishing on the podium in three others. He ended his Tour preparation by winning the penultimate warm-up event, the eight-day Criterium du Dauphine. "I'm lucky to have had close to the perfect preparation this year — everything has gone really smoothly," said Pogacar. He will be backed by five of the team-mates who helped him to victory in the Dauphine -- Marc Soler, Nils Politt, Pavel Sivakov, Tim Wellens and Jhonatan Narvaez. Reflecting the depth of the UAE squad, they will be joined by Adam Yates and Joao Almeida, who both finished in the top six in last year's Tour de France. In Pogacar's absence, Almeida won the final Tour warm-up, the Tour of Switzerland, for his third stage-race victory this season. "The vibes in the team are amazing right now, and that gives me a lot of confidence," said Pogacar. Team UAE Tour de France squad: Joao Almeida (POR), Jhonatan Narvaez (ECU), Tadej Pogacar (SLO), Nils Politt (GER), Pavel Sivakov (FRA), Marc Soler (ESP), Tim Wellens (BEL), Adam Yates (GBR).

Inter Miami Vs Porto Live Football Streaming For FIFA Club World Cup 2025: How To Watch MIA Vs POR Coverage On TV And Online
Inter Miami Vs Porto Live Football Streaming For FIFA Club World Cup 2025: How To Watch MIA Vs POR Coverage On TV And Online

News18

time18-06-2025

  • Sport
  • News18

Inter Miami Vs Porto Live Football Streaming For FIFA Club World Cup 2025: How To Watch MIA Vs POR Coverage On TV And Online

Check out the live streaming details for Inter Miami vs Porto FIFA Club World Cup 2025 match to be played at the Mercedes-Benz Stadium, Atlanta Mercedes-Benz Stadium, Atlanta Live Football Streaming For the Club World Cup 2025 Match: Hosts Inter Miami take on Portuguese giants FC Porto in their next match of the FIFA Club World Cup at the Mercedes-Benz Stadium, Atlanta in Georgia on Thursday, June 19. Miami opened their Group A campaign with a goalless draw against Egyptian rivals Al Ahly on Sunday and will be hoping for a victory over Porto after receiving the Jordi Alba boost. Having gone through the entire pre-match training session without any discomfort, Alba is ready to make his comeback to the Miami outfit ahead of an exciting Porto clash. It would be a much-needed boost for Javier Mascherano's men against a Porto side equally geared up for the encounter after their draw versus the Palmeiras. MIA vs POR will be played on June 19, Thursday. MIA vs POR will be played at the Mercedes-Benz Stadium, Atlanta What time will the Inter Miami vs Porto FIFA Club World Cup 2025 match begin? MIA vs POR will start at 12:30 AM IST MIA vs POR will be televised live in India on the Eurosport TV channels. MIA vs POR will be streamed live on the Fancode app in India.

Explained: FIFA Club World Cup 2025 qualification process
Explained: FIFA Club World Cup 2025 qualification process

Time of India

time11-06-2025

  • Sport
  • Time of India

Explained: FIFA Club World Cup 2025 qualification process

Live Events UEFA Champions League winners: Chelsea (ENG/2021), Real Madrid (ESP/2022 and 2024), Manchester City (ENG/2023) Copa Libertadores winners: Palmeiras (BRA/2021), Flamengo (BRA/2022), Fluminense (BRA/2023), Botafogo (BRA/2024) AFC Champions League winners: Al Hilal (KSA/2021), Urawa Red Diamonds (JPN/2022), Al Ain (UAE/2023 and 2024) CONCACAF Champions League winners: Monterrey (MEX/2021), Seattle Sounders (USA/2022), Pachuca (MEX/2024) CAF Champions League winners: Al Ahly (EGY/2021, 2023 and 2024), Wydad Casablanca (MAR/2022) OFC Champions League winners: Auckland City (NZL/2022, 2023 and 2024) Europe: Bayern Munich (GER), Paris Saint-Germain (FRA), Borussia Dortmund (GER), Inter Milan (ITA), Porto (POR), Atletico Madrid (ESP), Benfica (POR), Juventus (ITA), Red Bull Salzburg (AUT) South America: River Plate (ARG), Boca Juniors (ARG) Asia: Ulsan HD (KOR) Africa: Esperance (TUN), Mamelodi Sundowns (RSA) (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The newly revamped FIFA Club World Cup 2025 commences this weekend across 11 cities in the United States, featuring 32 clubs from different continents. Lionel Messi-led Inter Miami will take on Egyptian side Al Ahly in the tournament teams dominate the tournament with 12 participants, while South American clubs follow with six representatives. The competition includes four teams each from Asia, Africa and CONCACAF (North and Central America and the Caribbean regions).The tournament roster is completed with one club from Oceania and an additional team representing the host has established dual qualification pathways for the tournament, which they plan to hold quadrennially. Teams can secure their spot either by winning their respective continental championships or through a ranking system that evaluates clubs' performances in continental competitions across a four-year continental champions from 2021 to 2024 comprised these 16 qualifying teams:These 14 teams secured their spots through their achievements in continental club tournaments during the previous four-year period:Two spots in the tournament have been allocated to teams competing on their home ground. FIFA's new competition will feature Lionel Messi 's Inter Miami as the host nation's designated secured their place by winning the Supporters Shield for their outstanding performance in the 2024 MLS regular Angeles FC secured the final position after defeating Mexico's Club America 2-1 in extra time during a play-in match at the end of last vacancy arose when FIFA disqualified Mexican club Leon from participating in the tournament. The disqualification stemmed from Leon's ownership by Grupo Pachuca, which also controls another participating team, Liga MX side received their opportunity based on their status as runners-up to Leon in the 2023 CONCACAF Champions League.

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