Portland General Electric Q1 GAAP EPS $0.38, down 58% YoY; reaffirms 2026 guidance

PORTLAND GENERAL ELECTRIC CO /OR/

2026-Q1 EPS reported $0.38 vs consensus $0.89 ▼ miss (-57.2%)

GAAP net income $45M ($0.38/diluted share) vs $100M ($0.91) in Q1 2025; adjusted EPS $0.58.
Industrial customer demand grew 10% YoY, driven by data center and high tech customers.
Reaffirmed FY 2026 adjusted EPS guidance $3.33-$3.53; assumptions include 1.5%-2.5% weather-adjusted energy delivery growth.
Filed joint application with WUTC for PacifiCorp's Washington utility acquisition; expected close in 2027.
Quarterly dividend $0.55125/share, payable July 15, 2026 to holders of record June 25, 2026.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PORTLAND GENERAL ELECTRIC CO /OR/ reported three months ended March 31, 2026 results: net income $45 million, EPS $0.38 per diluted share. Guidance reaffirmed.

Period: three months ended March 31, 2026
Net income: $45 million
EPS: $0.38 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

$3.53 per diluted share PORTLAND, Oregon -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $45 million, or $0.38 per diluted share, for the first quarter of 2026. After adjusting for the impact of regulatory deferral adjustments related to the January 2024 storm and 2024

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Source: SEC EDGAR

accession 0001193125-26-199453

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