A dual output buck-boost power converter operates with a single inductor to achieve high efficiency with automatic or inherent load balancing. Switches associated with the opposite polarity outputs are driven based on feedback signals, with one feedback signal being a reference voltage and another feedback signal being related to an opposite polarity output. The opposite polarity feedback signal is provided to a comparator with a reversed polarity to achieve a simple balanced control that maintains polarity outputs. The power converter delivers power to each output with each switching cycle and uses a single inductor to achieve high efficiency performance.