---
schema_version: "secwatch.filing_event.v1"
accession: "0000784977-23-000010"
form_type: "8-K"
ticker: "POR"
cik: "0000784977"
company_name: "PORTLAND GENERAL ELECTRIC CO /OR/"
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T09:55:37.095869+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000784977-23-000010
- form_type: 8-K
- ticker: POR
- cik: 0000784977
- company_name: PORTLAND GENERAL ELECTRIC CO /OR/
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/784977/000078497723000010/0000784977-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/784977/000078497723000010/por-20230216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000784977-23-000010
- JSON: https://secwatch.observer/filing/0000784977-23-000010.json
- Plain text: https://secwatch.observer/filing/0000784977-23-000010.txt

## Key facts
- Earnings Releases
  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
  source text: PGE is initiating full-year 2023 adjusted earnings guidance of $2.60 to $2.75 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000078497723000010/0000784977-23-000010-index.htm
- Earnings Releases
  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
  source text: GAAP net income was $50 million, or $0.56 per diluted share, for the fourth quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000078497723000010/0000784977-23-000010-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000078497723000010/0000784977-23-000010-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000078497723000010/0000784977-23-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.