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AI brief of an SEC Form 8-K · Portland General Electric (POR)

Portland General Electric Q1 net income rises to $109 million; reaffirms 2024 guidance

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyPortland General Electric (POR)
Form8-K, current report
Filed with the SECApr 26, 2024, 8:59 AM ET
Accession number0000784977-24-000089

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 26, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.