Portland General Electric — Third Quarter 2026 Earnings Summary

Portland General Electric reported third-quarter 2026 net income of $119 million, or $1.00 per diluted share, with non-GAAP net income reaching $125 million, or $1.06 per diluted share. The company revised its full-year 2026 adjusted earnings guidance to a range of $3.18 to $3.28 per diluted share, citing an unfavorable impact from historically mild weather that reduced customer demand. Despite the weather headwind, industrial customer demand grew 9% year over year, driven by high-tech and data center growth, while the company successfully launched participation in the Extended Day-Ahead Market to lower power costs. Additionally, PGE declared a quarterly dividend of 55.125 cents per share and filed its 2027 general rate case proposing a 4.8% overall price increase.