PGE Earnings Reports

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.

Portland General Electric reported net income of $94 million, or $0.90 per diluted share, for the third quarter of 2024, compared to $47 million, or $0.46 per diluted share, for the third quarter of 2023. The results reflect improved power cost conditions and continued robust demand growth from high-tech and data center customers.

Portland General Electric reported net income of $72 million, or $0.69 per diluted share, for the second quarter of 2024. The company reaffirmed its 2024 adjusted earnings guidance of $2.98 to $3.18 per diluted share.

Portland General Electric reported a net income of $109 million, or $1.08 per diluted share, for the first quarter of 2024. After adjusting for the impact of the January 2024 storm, the non-GAAP net income was $123 million, or $1.21 per diluted share. The company reaffirmed its 2024 adjusted earnings guidance of $2.98 to $3.18 per diluted share.

Portland General Electric Company reported GAAP net income of $68 million, or $0.67 per diluted share, for the fourth quarter of 2023, compared to GAAP net income of $50 million, or $0.56 per diluted share, for the fourth quarter of 2022.

Portland General Electric reported a net income of $47 million, or $0.46 per diluted share, for the third quarter of 2023. The company reached a constructive global settlement stipulation in the 2024 General Rate Case, including updates to the power cost recovery framework.

Portland General Electric reported a net income of $39 million, or $0.39 per diluted share, for the second quarter of 2023. After adjustments, the non-GAAP net income was $44 million, or $0.44 per diluted share. The company is reaffirming its 2023 adjusted earnings guidance of $2.60 to $2.75 per diluted share.

Portland General Electric reported a net income of $74 million, or $0.80 per diluted share, for the first quarter of 2023, compared to a GAAP net income of $60 million, or $0.67 per diluted share, for the first quarter of 2022.

Portland General Electric reported a GAAP net income of $50 million, or $0.56 per diluted share, for the fourth quarter of 2022, compared to $66 million, or $0.73 per diluted share, for the fourth quarter of 2021. The company initiated 2023 adjusted earnings guidance of $2.60 to $2.75 per diluted share and reaffirmed 5% to 7% long-term earnings per share growth using 2022 non-GAAP adjusted base year.

Portland General Electric reported a net income of $58 million, or $0.65 per diluted share, for the third quarter of 2022, compared to a net income of $50 million, or $0.56 per diluted share, for the third quarter of 2021. The company is also increasing long-term EPS growth guidance to 5% to 7% from a 2022 adjusted earnings base year.

Portland General Electric reported a net income of $64 million, or $0.72 per diluted share, for the second quarter of 2022. The company is revising its full-year 2022 GAAP earnings guidance from $2.50 to $2.65 to $2.60 to $2.75 per diluted share and initiating non-GAAP basis adjusted full-year 2022 earnings guidance of $2.74 to $2.89.

Portland General Electric reported a net income of $60 million, or $0.67 per diluted share, for the first quarter of 2022. This compares with a net income of $96 million, or $1.07 per diluted share, for the first quarter of 2021. The company is revising its estimate for full-year 2022 earnings guidance from $2.75 to $2.90 to $2.50 to $2.65 per diluted share, to reflect reductions to 2020 regulatory deferrals.

Portland General Electric reported a GAAP net income of $66 million, or $0.73 per diluted share, for the fourth quarter of 2021, compared to $52 million, or $0.57 per diluted share, for the fourth quarter of 2020. The company is initiating full-year 2022 earnings guidance of $2.75 to $2.90 per diluted share.

Portland General Electric reported a net income of $50 million, or 56 cents per diluted share, for the third quarter of 2021. This compares favorably to a loss of $17 million, or 19 cents per diluted share, for the same period in 2020, which was impacted by trading losses. The company is reaffirming its 2021 earnings guidance of $2.70 to $2.85 per diluted share.

Portland General Electric reported a net income of $32 million, or 36 cents per diluted share, for the second quarter of 2021, compared to $39 million, or 43 cents per diluted share, for the second quarter of 2020. The company is raising its full-year 2021 earnings guidance from $2.55 to $2.70 per diluted share to $2.70 to $2.85 per diluted share.