Portland General Electric stock heads into October 29 results

Published on 10/07/2026 at 05:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MarketBeat puts the consensus target at USD 50.15 after BMO cut its target to USD 47 on September 30. Q2 revenue reached USD 814.00 million, and the next report is due October 29.

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Portland General Electric stock was last at USD 44.27 on the NYSE on October 6, 2026 at 4:00 p.m. ET, while the utility prepares to publish third-quarter results on October 29. The scheduled report gives investors a defined checkpoint after second-quarter revenue came in below consensus.

October 29 sets the next checkpoint

According to StockTitan, Portland General Electric plans to release third-quarter 2026 earnings before the US market opens on October 29, followed by an analyst call at 11:00 a.m. ET.

The date matters because the company is operating against a mixed second-quarter baseline. MarketBeat reported Q2 revenue of USD 814.00 million against a USD 839.75 million estimate and EPS of USD 0.64 versus USD 0.65 expected.

Revenue missed while earnings held up

The revenue gap was USD 25.75 million, while the EPS shortfall was USD 0.01. MarketBeat also reported that revenue increased 0.9 percent from the same quarter a year earlier, placing the October 29 update between operating growth and weaker-than-expected quarterly delivery.

Structured quarterly figures for Q2 2026 show USD 68.00 million in consolidated net income, USD 121.00 million in operating profit and a 15.0 percent operating margin. Operating cash flow reached USD 220.00 million in the quarter, giving the coming results a cash-generation metric alongside the earnings comparison.

Portland General Electric operates as a regulated electric utility serving Oregon customers through generation, transmission and distribution. The company said on its investor-relations page that it serves more than 950,000 customers in 51 cities and has generating capacity above 3,500 megawatts.

Analysts keep targets above the stock

As Markets Insider reported on October 6, 2026, the consensus rating was Hold with a consensus price target of USD 52.33. That target is 18.2 percent above the USD 44.27 last price, while BTIG maintained a Buy rating and a USD 58.00 target.

MarketBeat reported on September 30, 2026, that BMO Capital Markets cut its target from USD 52.00 to USD 47.00 while retaining a Market Perform rating. The revised target remains 6.2 percent above the last price, but the reduction puts regulatory and execution issues into the valuation discussion.

Stock stays below its yearly midpoint

At USD 44.27, Portland General Electric stock stood USD 1.69 above its 52-week low of USD 39.55 and USD 10.35 below its 52-week high of USD 54.62 on October 6, 2026. The market capitalization was USD 5.1 billion and volume was 1,413,822 shares on that session.

The next material test is the October 29 report, when investors can compare third-quarter results with the USD 814.00 million second-quarter revenue base and assess whether the Hold consensus of USD 52.33 remains aligned with operating performance.