---
schema_version: "secwatch.filing_event.v1"
accession: "0000784977-23-000145"
form_type: "8-K"
ticker: "POR"
cik: "0000784977"
company_name: "PORTLAND GENERAL ELECTRIC CO /OR/"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T07:29:45.881083+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PGE Q3 GAAP EPS $0.46 vs $0.65 YoY; GRC settlement; guidance narrowed to $2.60-$2.65

## Summary
- Q3 GAAP net income $47M ($0.46/diluted share) vs $58M ($0.65) in Q3 2022; power costs increased from extreme summer heat.
- Reached global settlement in 2024 general rate case; adjusted annual revenue requirement increase of $391M, pending OPUC approval.
- Narrowing 2023 adjusted EPS guidance to $2.60-$2.65 from $2.60-$2.75, reflecting Q3 power cost headwinds.
- Quarterly dividend declared at $0.475/share, payable Jan 15, 2024 to holders of record Dec 26, 2023.
- DOE awarded $250M grant for Bethel-Round Butte transmission upgrade and $50M for Smart Grid Chip project; hydrogen hub selected.

## SEC filing metadata
- accession: 0000784977-23-000145
- form_type: 8-K
- ticker: POR
- cik: 0000784977
- company_name: PORTLAND GENERAL ELECTRIC CO /OR/
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/784977/000078497723000145/0000784977-23-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/784977/000078497723000145/por-20231027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000784977-23-000145
- JSON: https://secwatch.observer/filing/0000784977-23-000145.json
- Plain text: https://secwatch.observer/filing/0000784977-23-000145.txt

## Key facts
- Earnings Releases
  PORTLAND GENERAL ELECTRIC CO /OR/ reported the three and nine months ended September 30, 2023 results: net income $47 million, or $0.46 per diluted share.
  - Period: the three and nine months ended September 30, 2023
  - Net income: $47 million, or $0.46 per diluted share
  - Result: reported results
  source text: On October 27, 2023, Portland General Electric Company (the Company) issued a press release announcing its financial results for the three and nine months ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000078497723000145/0000784977-23-000145-index.htm

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