Every material Form 8-K Portland General Electric has filed with the SEC since April 26, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Portland General Electric reported third-quarter 2026 GAAP net income of $119 million, or $1.00 per diluted share, up from $0.94 a year earlier, and revised its full-year 2026 adjusted EPS guidance to $3.18 to $3.28 per diluted share because of unusually mild weather. Nine-month diluted EPS was $1.98, down from $2.41, and the company said its long-term guidance remains intact.
Q3 2026 adjusted EPS was $1.06 versus $1.00 a year earlier; GAAP EPS was $1.00 versus $0.94
Weather was a $0.15 year-over-year EPS headwind in Q3 and an estimated $0.20 headwind year to date
Industrial customer demand grew 9% year over year on a weather-adjusted basis
Biglow and Salmonfly solar and battery build-transfer agreements have anticipated investments of about $900 million and $853 million
Portland General Electric reported second quarter 2026 GAAP net income of $68 million, or $0.59 per diluted share, up from $62 million, or $0.56, a year earlier, on total revenues of $814 million versus $807 million. The company reaffirmed its 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share, though its non-GAAP EPS of $0.64 was below the $0.66 reported for the second quarter of 2025.
GAAP net income of $68 million, or $0.59 per diluted share, versus $62 million, or $0.56, in Q2 2025
Non-GAAP net income of $74 million, or $0.64 per diluted share, versus $73 million, or $0.66, in Q2 2025
Industrial customer demand grew 11% year over year; the New Large Load Tariff took effect July 8, 2026
2026 adjusted EPS guidance of $3.33 to $3.53 reaffirmed; the 2027 general rate case is expected to be filed next week
Portland General Electric reported first-quarter 2026 GAAP net income of $45 million, or $0.38 per diluted share, down from $100 million, or $0.91, a year earlier, and total revenues of $879 million versus $928 million. The company attributed the decline to an unusually mild winter and lower seasonal usage, and reaffirmed its 2026 adjusted earnings guidance of $3.33 to $3.53 per diluted share.
GAAP net income was $45 million ($0.38 per diluted share) for Q1 2026, versus $100 million ($0.91) in Q1 2025.
Non-GAAP net income was $68 million ($0.58 per diluted share) after excluding regulatory deferral and business transformation items.
Total revenues were $879 million, compared with $928 million a year earlier.
2026 adjusted EPS guidance of $3.33 to $3.53 was reaffirmed; PGE expects the Washington acquisition from PacifiCorp to close in 2027.
On March 18, 2026, PGE received final Oregon Public Utility Commission orders approving $110 million of recovery for deferred 2024 and January 2024 storm costs, against $124 million requested before interest. PGE expects a $15 million pre-tax GAAP charge in the first quarter of 2026, which it plans to exclude from adjusted earnings and 2026 adjusted earnings guidance. On March 23, 2026, PGE also entered credit agreements for a $350 million unsecured term loan and a delayed draw term loan of up to $681 million to help fund the purchase of assets from PacifiCorp.
OPUC final orders received March 18, 2026 approve $110 million in recovery against $124 million requested, before interest
PGE expects a $15 million pre-tax GAAP charge in Q1 2026 and plans to exclude it from adjusted earnings and 2026 adjusted guidance
$350 million unsecured term loan with borrowings available through September 23, 2026 and maturity on March 23, 2028
Delayed draw term loan of up to $681 million to finance assets purchased from PacifiCorp, with maturity 364 days after funding
Portland General Electric agreed on February 15, 2026 to acquire PacifiCorp's Washington transmission and distribution business and three generation facilities for $1.9 billion in cash, with a Manulife-led group expected to hold a minority stake. The deal depends on several regulatory approvals and can be terminated after August 15, 2027, with $35 million termination fees in certain cases. The same day, the company reported 2025 GAAP earnings of $2.77 per diluted share, down from $3.01 in 2024, and initiated 2026 adjusted EPS guidance of $3.33 to $3.53.
Cash consideration of $1.9 billion at closing, funded in part by up to $1.9 billion in 364-day bridge loans and up to $600 million of equity commitments from Manulife Infrastructure Fund III, L.P. and affiliates
Closing requires Required Regulatory Approvals, including HSR, FERC, WUTC and OPUC; either party may terminate after August 15, 2027
2025 GAAP net income of $306 million, or $2.77 per diluted share, versus $313 million, or $3.01, in 2024; total revenues rose to $3,576 million from $3,440 million
2026 adjusted EPS guidance of $3.33 to $3.53 per diluted share; quarterly dividend of $0.525 per share payable April 15, 2026
Portland General Electric reported third quarter 2025 results, with total revenues of $952 million, up from $929 million a year earlier, and GAAP net income of $103 million, or $0.94 per diluted share, versus $0.90 in the third quarter of 2024. The company reaffirmed its full-year 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share, so shareholders see improved quarterly earnings with no change to the annual outlook.
Total revenues were $952 million for the third quarter of 2025, compared with $929 million a year earlier.
GAAP net income was $103 million, or $0.94 per diluted share; non-GAAP net income was $110 million, or $1.00 per diluted share.
2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share was reaffirmed.
The board approved a quarterly common stock dividend of $0.525 per share, payable on or before January 15, 2026.
Board member Dawn Farrell notified Portland General Electric on August 29, 2025 that she will resign to accept an appointment with the Canadian government as CEO of the newly created Major Projects Office. Her resignation takes effect October 1, 2025, and the filing does not name a replacement.
Dawn Farrell notified the company on August 29, 2025 of her intention to resign from the Board of Directors
Resignation effective date is October 1, 2025
Farrell joined the board in 2022 and served on the Finance and Operations Committee and the Nominating, Governance and Sustainability Committee
She is leaving to become CEO of the Major Projects Office launched by the Prime Minister of Canada under the Building Canada Act
Portland General Electric reported second quarter 2025 total revenues of $807 million, up from $758 million a year earlier, but GAAP net income fell to $62 million, or $0.56 per diluted share, from $72 million, or $0.69. The company reaffirmed its 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share, so shareholders see higher sales alongside lower reported profit and no change to the full-year outlook.
Q2 2025 total revenues were $807 million, versus $758 million in Q2 2024.
GAAP net income was $62 million, or $0.56 per diluted share, versus $72 million, or $0.69, a year earlier.
Non-GAAP net income was $73 million, or $0.66 per diluted share, excluding $15 million of business transformation and optimization expenses.
2025 adjusted EPS guidance of $3.13 to $3.33 was reaffirmed; a quarterly dividend of $0.525 per share is payable on or before October 15, 2025.
On June 11, 2025, Portland General Electric's board elected Renée James as a director, effective that day, until the next annual shareholder meeting. She was also named to the Compensation, Culture and Talent Committee and the Finance and Operations Committee. The filing describes a routine board addition with no financial results or guidance attached.
Renée James elected director effective June 11, 2025, serving until the next annual shareholder meeting
Appointed to the Compensation, Culture and Talent Committee and the Finance and Operations Committee
She is founder and current Chairman and CEO of Ampere Computing and serves on the boards of Ampere Computing LLC and Citigroup, Inc.
Compensation follows the company's standard non-employee director policies described in the March 5, 2025 proxy statement
Portland General Electric reported first-quarter 2025 GAAP net income of $100 million, or $0.91 per diluted share, down from $109 million, or $1.08, a year earlier. Total revenues were $928 million, compared with $929 million, and the company reaffirmed its 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share. The lower profit and unchanged guidance matter to shareholders because the company's first-quarter earnings fell year over year while its full-year outlook was held.
Q1 2025 GAAP net income was $100 million, or $0.91 per diluted share, versus $109 million, or $1.08, in Q1 2024
Q1 2024 non-GAAP net income, excluding January 2024 storm costs, was $123 million, or $1.21 per diluted share
2025 adjusted EPS guidance of $3.13 to $3.33 was reaffirmed; the company also declared a quarterly dividend of $0.525 per share payable by July 15, 2025
Earnings call and webcast are scheduled for 11 a.m. ET on April 25, 2025
Portland General Electric agreed on March 25, 2025 to sell $310 million of First Mortgage Bonds in a private placement, and the bonds were issued and funded the same day. Proceeds will refinance existing debt, fund general corporate purposes and pay for capital expenditures.
Three series: $60 million due 2035 at 5.36%, $50 million due 2045 at 5.72%, and $200 million due 2055 at 5.84%
Bonds issued and fully funded on March 25, 2025 under the 1945 indenture, as supplemented by the Eighty-Third Supplemental Indenture dated March 15, 2025
Bonds are redeemable at PGE's option at the designated redemption price described in the supplemental indenture
Portland General Electric reported full-year 2024 GAAP net income of $313 million, or $3.01 per diluted share, up from $228 million, or $2.33, in 2023, and total revenues of $3,440 million, up from $2,923 million. Fourth-quarter GAAP net income fell to $39 million, or $0.36 per share, from $68 million, or $0.67, a year earlier. The company initiated 2025 adjusted earnings guidance of $3.13 to $3.33 per diluted share.
Full-year 2024 GAAP net income $313 million, $3.01 per diluted share, versus $228 million, $2.33 in 2023
Full-year 2024 non-GAAP adjusted net income $327 million, $3.14 per diluted share, excluding January 2024 winter storm costs
Fourth-quarter 2024 GAAP net income $39 million, $0.36 per diluted share, versus $68 million, $0.67 in fourth quarter 2023
2025 adjusted EPS guidance $3.13 to $3.33; quarterly dividend of $0.50 per share payable on or before April 15, 2025
Portland General Electric entered an unsecured $300 million credit agreement on November 14, 2024, expiring November 17, 2025, and drew a $220 million term loan under it that day. The company expects to use part of the proceeds to repay in full an $80 million First Mortgage Bond maturing November 15, 2024, with the remainder available for general corporate purposes.
Credit agreement with U.S. Bank National Association as administrative agent and CoBank, ACB as syndication agent; expires November 17, 2025
Term loan of $220 million obtained November 14, 2024; interest at SOFR plus a 10 basis point adjustment and 80 basis point margin
Proceeds expected to repay an $80 million First Mortgage Bond maturing November 15, 2024; term loan is prepayable without penalty
Portland General Electric reported third-quarter 2024 GAAP net income of $94 million, or $0.90 per diluted share, up from $47 million, or $0.46 per diluted share, a year earlier, on total revenues of $929 million versus $802 million. The company narrowed its 2024 adjusted earnings guidance to $3.08 to $3.18 per diluted share from $2.98 to $3.18, raising the low end of the range.
Q3 2024 GAAP net income was $94 million, or $0.90 per diluted share, versus $47 million, or $0.46, in Q3 2023
Total revenues were $929 million for Q3 2024 versus $802 million for Q3 2023
2024 adjusted EPS guidance narrowed to $3.08 to $3.18 per diluted share from $2.98 to $3.18
Quarterly common stock dividend of $0.50 per share is payable on or before January 15, 2025 to holders of record on December 24, 2024
Portland General Electric reported second-quarter 2024 GAAP net income of $72 million, or $0.69 per diluted share, up from $39 million, or $0.39, a year earlier, and total revenues of $758 million versus $648 million. The company reaffirmed its full-year 2024 adjusted earnings guidance of $2.98 to $3.18 per diluted share and set up a new at-the-market stock sale program of up to $400 million, which could add shares outstanding.
Q2 2024 GAAP net income of $72 million ($0.69 per diluted share) vs. $39 million ($0.39) in Q2 2023
Total revenues of $758 million vs. $648 million in Q2 2023; total operating expenses rose to $642 million from $567 million
2024 adjusted EPS guidance of $2.98 to $3.18 reaffirmed, not changed
New at-the-market common stock offering program registered July 26, 2024, for up to $400 million; agents receive commissions of up to 2% of gross sales price
Portland General Electric reported first-quarter 2024 GAAP net income of $109 million, or $1.08 per diluted share, up from $74 million, or $0.80 per diluted share, a year earlier. Total revenues rose to $929 million from $748 million, and the company reaffirmed its 2024 adjusted earnings guidance of $2.98 to $3.18 per diluted share, which matters to shareholders because it signals no change to the outlook.
GAAP net income of $109 million, or $1.08 per diluted share, for Q1 2024, versus $74 million, or $0.80 per diluted share, in Q1 2023
Total revenues of $929 million, versus $748 million in Q1 2023; purchased power and fuel expense rose to $405 million from $304 million
2024 adjusted earnings guidance of $2.98 to $3.18 per diluted share reaffirmed, excluding January 2024 winter storm impacts
Quarterly common dividend of $0.50 per share, payable on or before July 15, 2024, to holders of record on June 24, 2024
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