PGE Earnings Reports

PGE delivered higher revenue and earnings in Q3 2025, supported by robust industrial demand, particularly from data centers. Operating income and tax expenses rose due to increased capital investment and lower production tax credits.

Portland General Electric delivered $807 million in revenue and $62 million in net income for Q2 2025, driven by 16.5% industrial load growth but impacted by higher expenses and interest costs.

Portland General Electric saw strong demand from high-tech and industrial sectors, maintaining stable revenue despite a slight year-over-year dip. The company reaffirmed full-year guidance and completed major battery storage deployments.

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.