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Portland General Electric Co (POR) Q1 2021 Earnings Call Transcript


Operator
Good morning, everyone, and welcome to the Portland General Electric Company s First Quarter 2021 Earnings Results Conference Call. Today is Friday, April 30, 2021. [Operator Instructions]. After the speakers remarks, there will be a question-and-answer period. [Operator Instructions]
For opening remarks, I will turn the conference call over to Portland General Electric s Senior Director of Investor Relations, Mr. Jardon Jaramillo. Please go ahead, sir.
Jardon Jaramillo
Senior Director of Treasury, Investor Relations and Finance Operations
Thank you, Ren. Good morning, everyone. I m pleased that you re able to join us today. Before we begin this morning, I d like to remind you that we ve prepared a presentation to supplement our discussion, which we ll be referencing throughout the call. The slides are available on our website at investors.portlandgeneral.com. ....

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Portland General Electric announces 2020 financial results and initiates 2021 earnings guidance


Press release content from PR Newswire. The AP news staff was not involved in its creation.
Portland General Electric announces 2020 financial results and initiates 2021 earnings guidance
February 19, 2021 GMT
PORTLAND, Ore., Feb. 19, 2021 /PRNewswire/ Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $155 million, or $1.72 per diluted share, for the year ended December 31, 2020, which includes the $1.03 loss per diluted share from previously disclosed energy trading losses. After adjusting for the impact of the energy trading losses, non-GAAP net income was $247 million, or $2.75 per diluted share. This compares with GAAP net income of $214 million, or $2.39 per diluted share, for the year ended December 31, 2019. GAAP net income was $52 million, or $0.57 per diluted share, for the fourth quarter of 2020. This compares with GAAP net income of $61 million, or $0.68 per diluted share, fo ....

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