Every material Form 8-K Portland General Electric filed with the SEC in 2026, 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
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Portland General Electric filing is on SEC EDGAR ↗. 8-K briefs of other companies →