POR - Earnings announcements

First quarter financial results reflect unusual mild winter weather and lower residential and commercial seasonal usageIndustrial customer demand grew 10% quarter-over-quarter, driven by continued growth from data center and high tech customersReaffirming 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted sharePORTLAND, Ore., May 1, 2026 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $45 million, or $0.38 per diluted share, for the first quarter of 2026. After adjusting for the impact of regulatory deferral adjustments related to the January 2024 storm and 2024 reliability contingen

PORTLAND, Ore., April 3, 2026 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, May 1, to review its first quarter 2026 financial results. Portland General Electric plans to release its first quarter 2026 earnings summary before financial markets open in the United States on May 1. The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations.To hear the conference call by webcast, log on to Portland General Electric's investor website at investors.portlandgeneral.com, select Eve

PGE partners with Manulife Investment Management for acquisition of PacifiCorp's Washington utility operations for $1.9 billionReached agreements to construct two solar and battery hybrid projects for a total of 615 MW, with 425 MW Company-ownedInitiating 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share and reaffirming 5% to 7% long-term earnings per share growth Full-year 2025 GAAP financial results of $2.77 per diluted share; full-year 2025 non-GAAP adjusted financial results of $3.05 per diluted share, reflecting 14% year-over-year industrial demand growth, offset by historic fourth quarter weather that reduced earnings by 17 centsPGE to host a conference call and webca

PORTLAND, Ore., Feb. 16, 2026 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today a revised date to host an analyst conference call and webcast to review its fourth quarter and full-year 2025 financial results of Tuesday, February 17, 2026 at 8:00 a.m. ET. This conference call will replace the previously scheduled conference call on February 20, 2026. Portland General Electric plans to release its fourth quarter and full-year 2025 earnings summary before financial markets open in the United States on February 17. The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Invest

PORTLAND, Ore., Jan. 20, 2026 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, February 20, to review its fourth quarter and full-year 2025 financial results. Portland General Electric plans to release its fourth quarter and full-year 2025 earnings summary before financial markets open in the United States on February 20.  The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website

Third quarter 2025 GAAP earnings of $0.94 per diluted share, non-GAAP earnings of $1.00 per diluted shareThird quarter financial results reflect continued demand growth from data center customers, driving 13% industrial load growth quarter-over-quarterReaffirming 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted sharePORTLAND, Ore., Oct. 31, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $103 million, or $0.94 per diluted share, for the third quarter of 2025. After adjusting for the impact of business transformation and optimization expenses, third quarter 2025 non-GAAP net in

PORTLAND, Ore., Sept. 30, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, October 31, to review its third quarter 2025 financial results. Portland General Electric plans to release its third quarter 2025 earnings summary before financial markets open in the United States on October 31. The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website at investors.portlandgeneral.co

Second quarter financial results reflect significant demand growth from data center customers, driving 16.5% industrial load growth quarter-over-quarterAdvancing recovery of the Seaside battery, distribution system investments and holding company structureReaffirming 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted sharePORTLAND, Ore., July 25, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $62 million, or $0.56 per diluted share, for the second quarter of 2025. After adjusting for the impact of business transformation and optimization expenses, second quarter 2025 non-GAAP n

PORTLAND, Ore., June 25, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, July 25, to review its second quarter 2025 financial results. Portland General Electric plans to release its second quarter 2025 earnings summary before financial markets open in the United States on July 25.  The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the con

First quarter financial results reflect strong energy demand from high-tech and data centers, which drove total quarter-over-quarter load growth of 4.6% and 16.4% industrial load growthReaffirming 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted sharePORTLAND, Ore., April 25, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $100 million, or $0.91 per diluted share, for the first quarter of 2025. This compares with GAAP 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, first quarter 20

PORTLAND, Ore., March 25, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, April 25, to review its first quarter 2025 financial results. Portland General Electric plans to release its first quarter 2025 earnings summary before financial markets open in the United States on April 25.  The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website at investors.portlandgeneral.com, s

Full-year 2024 GAAP financial results of $3.01 per diluted share; full-year 2024 non-GAAP adjusted financial results of $3.14 per diluted shareInitiating 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share and reaffirming 5% to 7% long-term earnings per share growth using a base of $3.08 per diluted share, the mid-point of original 2024 adjusted earnings guidancePORTLAND, Ore., Feb. 14, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $313 million, or $3.01 per diluted share, for the year ended December 31, 2024, which includes the $0.13 per diluted share impact of the Janu

PORTLAND, Ore., Jan. 14, 2025 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, February 14, to review its fourth quarter and full-year 2024 financial results. Portland General Electric plans to release its fourth quarter and full-year 2024 earnings summary before financial markets open in the United States on February 14.  The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website

Third quarter results reflect improved power cost conditions and continued robust demand growth from high-tech and data center customersNarrowing 2024 adjusted earnings guidance from $2.98 to $3.18 to a revised range of between $3.08 and $3.18 per diluted share to reflect year-to-date performancePORTLAND, Ore., Oct. 25, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $94 million, or $0.90 per diluted share, for the third quarter of 2024. This compares with GAAP net income of $47 million, or $0.46 per diluted share, for the third quarter of 2023. "Our focus on operational excellence, as we

PORTLAND, Ore., Sept. 25, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, October 25, to review its third quarter 2024 financial results. Portland General Electric plans to release its third quarter 2024 earnings summary before financial markets open in the United States on October 25.  The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website at investors.portlandgeneral.co

Second quarter results reflect continued focus on execution and cost management, semiconductor manufacturing and data center demand growth, and solid power cost performanceReaffirming 2024 adjusted earnings guidance of $2.98 to $3.18 per diluted share PORTLAND, Ore., July 26, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $72 million, or $0.69 per diluted share, for the second quarter of 2024. This compares with GAAP net income of $39 million, or $0.39 per diluted share, for the second quarter of 2023, which included the $0.05 per diluted share impact from the Boardman revenue requirement

PORTLAND, Ore., June 26, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, July 26, to review its second quarter 2024 financial results. Portland General Electric plans to release its second quarter 2024 earnings summary before financial markets open in the United States on July 26.  The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website at investors.portlandgeneral.com, se

First quarter results reflect continued strong semiconductor and data center demand growthClearwater Wind Development placed into service in January, providing geographic resource diversity and 311 MW of clean energy generation to customersReaffirming 2024 adjusted earnings guidance of $2.98 to $3.18 per diluted sharePORTLAND, Ore., April 26, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) 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, first quarter 2024 non-GAAP net income was $123 million, or $1.21 per di

PORTLAND, Ore., March 26, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, April 26, to review its first quarter 2024 financial results. Portland General Electric plans to release its first quarter 2024 earnings summary before financial markets open in the United States on April 26.  The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website at investors.portlandgeneral.com, s

Full-year 2023 GAAP basis financial results of $2.33 per diluted share; full-year 2023 non-GAAP basis adjusted financial results of $2.38 per diluted shareInitiating 2024 adjusted earnings guidance of $2.98 to $3.18 per diluted share and reaffirming 5% to 7% long-term earnings per share growth using 2022 non-GAAP adjusted base yearPORTLAND, Ore., Feb. 16, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $228 million, or $2.33 per diluted share, for the year ended December 31, 2023, which includes the $0.05 per diluted share Boardman revenue requirement settlement charge resulting from the O

PORTLAND, Ore., Jan. 16, 2024 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, February 16, to review its fourth quarter and full-year 2023 financial results. Portland General Electric's fourth quarter and full-year 2023 earnings summary will be released before financial markets open in the United States on February 16.  The conference call will be hosted by Maria Pope, President and CEO; Joe Trpik, Senior Vice President of Finance and CFO; and Nick White, Manager of Investor Relations. To hear the conference call by webcast, log on to Portland General Electric's investor website at

PORTLAND, Ore., Sept. 27, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, October 27, to review its third quarter 2023 financial results. Portland General Electric's third quarter 2023 earnings summary will be released before financial markets open in the United States on October 27.  The conference call will be hosted by Maria Pope, President and CEO; and Joe Trpik, Senior Vice President and CFO. To hear the conference call by webcast, log on to Portland General Electric's investor website at investors.portlandgeneral.com, select Events & Presentations from the menu, and the

Advanced strategic priorities, including making constructive progress in the 2024 GRC and procuring the 75 MW Evergreen battery energy storage systemSecond quarter results reflect robust retail deliveries growth, challenging power market conditions, prioritization of system reliability and resiliency, and execution of long-term capital investment plansReaffirming 2023 adjusted earnings guidance of $2.60 to $2.75 per diluted sharePORTLAND, Ore., July 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $39 million, or $0.39 per diluted share, for the second quarter of 2023. After adjusting f

PORTLAND, Ore., June 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, July 28, to review its second quarter 2023 financial results. Portland General Electric's second quarter 2023 earnings summary will be released before financial markets open in the United States on July 28.  The conference call will be hosted by Maria Pope, President and CEO; and Joe Trpik, Senior Vice President and CFO. To hear the conference call by webcast, log on to Portland General Electric's investor website at investors.portlandgeneral.com, select Events & Presentations from the menu, and the webca

Entered an agreement to construct a 200 MW company-owned battery storage project, a $360 million investment; also entered a storage capacity agreement to secure an incremental 200 MW of battery storageFinancial results reflect strong energy demand, continued energy-market volatility, and effective cost controlsReaffirming 2023 adjusted earnings guidance of $2.60 to $2.75 per diluted sharePORTLAND, Ore., April 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $74 million, or $0.80 per diluted share, for the first quarter of 2023. This compares with GAAP net income of $60 million, or $0.67

Company initiates search for successor PORTLAND, Ore., April 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) ("PGE" or the "Company") today announced that Jim Ajello, senior vice president of finance, CFO, treasurer and corporate compliance officer, has informed the Company of his intent to retire. Ajello will transition from his current roles, effective June 30, 2023, and serve as a senior advisor to the Company through August 31, 2023. "Jim joined us in 2020, bringing a wealth of knowledge and deep experience that helped us to enhance our strategic focus, strengthen our financial foundation and drive superior customer service," said Maria Pope, PGE president and CEO.

PORTLAND, Ore., March 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Friday, April 28, to review its first quarter 2023 financial results. Portland General Electric's first quarter 2023 earnings summary will be released before financial markets open in the United States on April 28.  The conference call will be hosted by Maria Pope, President and CEO; Jim Ajello, Senior Vice President, Finance, CFO, Treasurer and CCO; and Jardon Jaramillo, Senior Director of Finance, Investor Relations, and Risk Management. To hear the conference call by webcast, log on to Portland General Electri

Full-year 2022 GAAP basis financial results of $2.60 per diluted share; full-year 2022 non-GAAP basis adjusted financial results of $2.74 per diluted shareInitiating 2023 adjusted earnings guidance of $2.60 to $2.75 per diluted share and reaffirming 5% to 7% long-term earnings per share growth using 2022 non-GAAP adjusted base year2024 test year general rate case filed, focused on capital investments and policy items to support safe, reliable and clean energy servicePORTLAND, Ore., Feb. 16, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $233 million, or $2.60 per diluted share, for the ye

PORTLAND, Ore., Jan. 13, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Thursday, February 16, to review its fourth quarter and full-year 2022 financial results. Portland General Electric's fourth quarter and full-year 2022 earnings summary will be released before financial markets open in the United States on February 16.  The conference call will be hosted by Maria Pope, President and CEO; Jim Ajello, Senior Vice President, Finance, CFO, Treasurer and CCO; and Jardon Jaramillo, Senior Director of Finance, Investor Relations, and Risk Management. To hear the conference call by webcas

Increasing long-term EPS growth guidance to 5% to 7% from a 2022 adjusted earnings base yearCollaborating with NextEra Energy Resources to construct a 311 MW wind energy facility in Eastern Montana; with 208 megawatts Company-ownedResolution of 2020 wildfire, 2021 ice storm, and 2021 power cost deferralsReaffirming 2022 GAAP basis earnings guidance of $2.60 to $2.75 and non-GAAP basis adjusted earnings guidance of $2.74 to $2.89PORTLAND, Ore., Oct. 25, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $58 million, or $0.65 per diluted share, for the third quarter of 2022. This compares with

PORTLAND, Ore., Oct. 5, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Tuesday, October 25, to review its third quarter 2022 financial results. Portland General Electric's third quarter 2022 earnings summary will be released before financial markets open in the United States on October 25.  The conference call will be hosted by Maria Pope, President and CEO; Jim Ajello, Senior Vice President, Finance, CFO, Treasurer and CCO; and Jardon Jaramillo, Senior Director of Finance, Investor Relations, and Risk Management. To hear the conference call by webcast, log on to Portland General Elec

Revising 2022 GAAP basis earnings guidance from $2.50 to $2.65 to $2.60 to $2.75 per diluted share; initiating non-GAAP basis adjusted full-year 2022 earnings guidance of $2.74 to $2.89 which reflects the exclusion of previously disclosed deferral reductions related to 2020Continued strong energy delivery and customer growth, coupled with favorable power cost conditionsFiled for amortization of 2021 Power Cost Adjustment Mechanism, 2020 Labor Day Wildfire and February 2021 Ice Storm deferralsPORTLAND, Ore., July 28, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $64 million, or $0.72 per

PORTLAND, Ore., June 28, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Thursday, July 28, to review its second quarter 2022 financial results. Portland General Electric's second quarter 2022 earnings summary will be released before financial markets open in the United States on July 28.  The conference call will be hosted by Maria Pope, President and CEO; Jim Ajello, Senior Vice President, Finance, CFO and Treasurer; and Jardon Jaramillo, Senior Director of Finance, Investor Relations, and Risk Management. To hear the conference call by webcast, log on to Portland General Electric's

Continued strong energy deliveries and customer growth amid challenging cost pressuresIssued RFP shortlist results for renewable and non-emitting capacity resources with project selection targeted by the end of 2022Revising 2022 earnings guidance from $2.75 to $2.90 to $2.50 to $2.65 per diluted share, to reflect reductions to 2020 regulatory deferralsPORTLAND, Ore., April 28, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported 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. "We continued to see strong load growth and re

PORTLAND, Ore., March 28, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Thursday, April 28, to review its first quarter 2022 financial results. Portland General Electric's first quarter 2022 earnings summary will be released before financial markets open in the United States on April 28.  The conference call will be hosted by Maria Pope, President and CEO; Jim Ajello, Senior Vice President, Finance, CFO and Treasurer; and Jardon Jaramillo, Senior Director of Investor Relations, Treasury and Risk Management. To hear the conference call by webcast, log on to Portland General Electric's

PORTLAND, Ore., Feb. 17, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income based on generally accepted accounting principles (GAAP) of $244 million, or $2.72 per diluted share, for the year ended December 31, 2021.  This compares with GAAP net income of $155 million, or $1.72 per diluted share, for the year ended December 31, 2020. After adjusting for the impact of the 2020 energy trading losses, non-GAAP net income was $247 million, or $2.75 per diluted share, for the year ended December 31, 2020. GAAP net income was $66 million, or $0.73 per diluted share, for the fourth quarter of 2021. This compares with GAAP net income of $52 million, or $0.57 p

PORTLAND, Ore., Jan. 14, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) announced today that it will host an analyst conference call and webcast at 11 a.m. ET on Thursday, February 17, to review its fourth quarter and full-year 2021 financial results. Portland General Electric's fourth quarter and full-year 2021 earnings summary will be released before financial markets open in the United States on February 17.  The conference call will be hosted by Maria Pope, president and CEO; Jim Ajello, senior vice president, finance, CFO and treasurer; and Jardon Jaramillo, senior director of investor relations, treasury and risk management. To hear the conference call by webcast,

PORTLAND, Ore., Oct. 29, 2021 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income of $50 million, or 56 cents per diluted share, for the third quarter of 2021. This compares with a loss of $17 million, or 19 cents per diluted share, for the third quarter of 2020, which reflects the $1.09 loss per diluted share from previously disclosed trading losses. "While high temperatures and power market volatility significantly impacted our region and results this quarter, our year-to-date performance is on track," said Maria Pope, PGE president and CEO. "We are pleased to be issuing the renewable RFP in December, an important step in meeting our decarbonization goal

PORTLAND, Ore., July 30, 2021 /PRNewswire/ -- Portland General Electric Company (NYSE:POR) today reported net income of $32 million, or 36 cents per diluted share, for the second quarter of 2021. This compares with net income of $39 million, or 43 cents per diluted share, for the second quarter of 2020. "Facing historic temperatures and record demand in June, our system performed well as we maintained consistent and reasonably priced power delivery to all customers," said Maria Pope, PGE president and CEO. "The investments that we have made in generation and in building a safe, reliable, and resilient grid, prepared us well for the recent high heat events. Our recently filed 2022 general rat