---
schema_version: "secwatch.filing_event.v1"
accession: "0000784977-24-000089"
form_type: "8-K"
ticker: "POR"
cik: "0000784977"
company_name: "PORTLAND GENERAL ELECTRIC CO /OR/"
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:57:19.813459+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PGE Q1 adj EPS $1.21 vs $0.80 YoY; reaffirms FY 2024 guidance $2.98-$3.18

## Summary
- Q1 GAAP net income $109M ($1.08/diluted); adjusted net income $123M ($1.21/diluted), up from $0.80 GAAP in Q1 2023.
- Revenues increased on semiconductor/data center demand; Clearwater Wind (311 MW) placed in service Jan 2024.
- Reaffirming FY 2024 adjusted EPS guidance $2.98-$3.18; O&M $815-840M, capex $1.34B.
- Quarterly dividend unchanged at $0.50/share, payable July 15 to holders of record June 24.
- Filed 2025 GRC with OPUC; joined CAISO EDAM expected to save $6-18M annually.

## SEC filing metadata
- accession: 0000784977-24-000089
- form_type: 8-K
- ticker: POR
- cik: 0000784977
- company_name: PORTLAND GENERAL ELECTRIC CO /OR/
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/784977/000078497724000089/0000784977-24-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/784977/000078497724000089/por-20240426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000784977-24-000089
- JSON: https://secwatch.observer/filing/0000784977-24-000089.json
- Plain text: https://secwatch.observer/filing/0000784977-24-000089.txt

## Key facts
- Earnings Releases
  PORTLAND GENERAL ELECTRIC CO /OR/ reported the three months ended March 31, 2024 results: net income $109 million, or $1.08 per diluted share, EPS $1.08 per diluted share (GAAP). Guidance reaffirmed.
  - Period: the three months ended March 31, 2024
  - Net income: $109 million, or $1.08 per diluted share
  - EPS: $1.08 per diluted share (GAAP)
  - Guidance: reaffirmed
  - Result: reported results
  source text: Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $109 million, or $1.08 per diluted share, for the first quarter of 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000078497724000089/0000784977-24-000089-index.htm

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