PGE reports FY2022 GAAP EPS $2.60, adj. $2.74; guides FY2023 adj. EPS $2.60-$2.75

PORTLAND GENERAL ELECTRIC CO /OR/

2022-FY EPS reported $2.60 revenue$2,647,000,000

Full-year 2022 GAAP EPS $2.60 (down from $2.72 in 2021); non-GAAP adjusted EPS $2.74.
Initiates 2023 adjusted EPS guidance $2.60-$2.75; reaffirms 5%-7% long-term EPS growth from 2022 adjusted base.
Filed 2024 general rate case seeking ~14% customer price increase; final order expected Dec 2023.
Quarterly dividend maintained at $0.4525 per share, payable April 17, 2023.
2023 capex guided at $1,210M; 2022 actual capex $811M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

PORTLAND GENERAL ELECTRIC CO /OR/ reported full-year 2023 results: EPS $2.60 to $2.75 per diluted share. Guidance initiated.

Period: full-year 2023
EPS: $2.60 to $2.75 per diluted share
Guidance: initiated
Result: guidance update

Exact text from the filing

PGE is initiating full-year 2023 adjusted earnings guidance of $2.60 to $2.75 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

PORTLAND GENERAL ELECTRIC CO /OR/ reported fourth quarter of 2022 results: net income $50 million, or $0.56 per diluted share, EPS $0.56 per diluted share. Guidance initiated.

Period: fourth quarter of 2022
Net income: $50 million, or $0.56 per diluted share
EPS: $0.56 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

GAAP net income was $50 million, or $0.56 per diluted share, for the fourth quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

PORTLAND GENERAL ELECTRIC CO /OR/ reported year ended December 31, 2022 results: net income $233 million, or $2.60 per diluted share, EPS $2.60 per diluted share. Guidance initiated.

Period: year ended December 31, 2022
Net income: $233 million, or $2.60 per diluted share
EPS: $2.60 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Full-year 2022 GAAP basis financial results of $2.60 per diluted share; full-year 2022 non-GAAP basis adjusted financial results of $2.74 per diluted share • Initiating 2023 adjusted earnings guidance of $2.60 to $2.75 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

PORTLAND GENERAL ELECTRIC CO /OR/ reported year ended December 31, 2022 results: net income $233 million, or $2.60 per diluted share, EPS $2.60 per diluted share. Guidance initiated.

Period: year ended December 31, 2022
Net income: $233 million, or $2.60 per diluted share
EPS: $2.60 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $233 million, or $2.60 per diluted share, for the year ended December 31, 2022

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

PORTLAND GENERAL ELECTRIC CO /OR/ filing history →

Source: SEC EDGAR

accession 0000784977-23-000010

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