Earnings Releases·Oct 29, 2026, 8:53 AM ET

Portland General Electric — Third Quarter 2026 Earnings Summary

Q3 2026 GAAP net income rose to $119 million ($1.00 diluted EPS) from $103 million ($0.94 diluted EPS) in the prior year, while total revenues increased to $971 million from $952 million; however, year-to-date GAAP net income declined to $232 million from $265 million in 2025.
Management revised full-year 2026 adjusted earnings guidance downward to $3.18–$3.28 per diluted share, citing a $0.15 EPS headwind from unusually mild Q3 weather, though long-term guidance remains intact.
Strategic capital deployment includes signed build-transfer agreements for the Biglow ($900 million) and Salmonfly ($853 million) solar and battery projects, alongside a filed 2027 general rate case proposing a 4.8% overall price increase.
Industrial customer demand grew 9% year-over-year driven by high-tech and data center sectors, while the company launched participation in the Extended Day-Ahead Market (EDAM) on October 1st to reduce power costs.
The Board declared a quarterly dividend of 55.125 cents per share, and 2026 capital expenditures are projected at $1,565 million with long-term debt rising to $5,010 million as of September 30.