Portland General Electric Q2 net income rises to $72 million; reaffirms 2024 EPS guidance
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.
Key points
- 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
The filing
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 July 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.