PGE Q3 GAAP EPS $0.90 (vs $0.46 YoY); narrows 2024 adj. EPS guidance to $3.08-$3.18

PORTLAND GENERAL ELECTRIC CO /OR/

2024-Q3 EPS reported $2.67 revenue$2,616,000,000

GAAP net income of $94M ($0.90 per diluted share), up from $47M ($0.46) in Q3 2023.
Revenue grew on demand from semiconductor and data center customers; purchased power costs decreased.
Full-year 2024 adjusted EPS guidance narrowed to $3.08-$3.18 from $2.98-$3.18.
Quarterly dividend of $0.50 per share payable Jan. 15, 2025 to holders of record Dec. 24, 2024.
OPUC review of 2023 All-source RFP shortlist and 2025 rate case ongoing; final decisions expected late 2024.

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