secwatch.observer — SEC 8-K summary
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Issuer:     PORTLAND GENERAL ELECTRIC CO /OR/ (POR)
CIK:        0000784977
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0000784977-23-000114
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PGE Q2 GAAP EPS $0.39 vs $0.72 YoY; adjusted $0.44; reaffirms FY23 guidance $2.60-$2.75
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- Q2 2023 GAAP net income $39M ($0.39/diluted share) vs $64M ($0.72) a year ago; non-GAAP adj. net income $44M ($0.44).
- Revenue rose on higher demand from digital and semiconductor customers; power costs increased due to unfavorable hydro conditions.
- Reaffirmed FY2023 adjusted EPS guidance $2.60-$2.75; assumptions include 2.5%-3% energy delivery growth, O&M $695M-$715M.
- Board declared $0.475/share quarterly dividend, payable Oct 16, 2023 to holders of record Sep 25, 2023.
- Progress on 2024 GRC partial stipulations; procured 75 MW Evergreen battery storage; remaining resource need ~2,700-3,700 MW by 2030.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/784977/000078497723000114/0000784977-23-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/784977/000078497723000114/por-20230728.htm
  HTML page:      https://secwatch.observer/filing/0000784977-23-000114

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