Portland General Electric reports 2023 GAAP EPS $2.33, initiates 2024 guidance $2.98-$3.18

PORTLAND GENERAL ELECTRIC CO /OR/

2023-FY EPS reported $2.33 revenue$2,923,000,000

Full-year 2023 GAAP EPS $2.33; adjusted EPS $2.38, down from 2022 adjusted $2.74.
Q4 2023 GAAP EPS $0.67 vs $0.56 in Q4 2022.
Initiates 2024 adjusted EPS guidance $2.98-$3.18; reaffirms 5-7% long-term growth.
Plans $1,310M capex; added 475 MW battery storage, 311 MW Clearwater wind in Jan 2024.
Quarterly dividend $0.475/share payable April 15, 2024.

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 0.9

PORTLAND GENERAL ELECTRIC CO /OR/ updated its year ended December 31, 2023 guidance (initiated).

Period: year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On February 16, 2024, Portland General Electric Company (the Company) issued a press release announcing its financial results for the quarter and year ended December 31, 2023.

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PORTLAND GENERAL ELECTRIC CO /OR/ filing history →

Source: SEC EDGAR

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