---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-199453"
form_type: "8-K"
ticker: "POR"
cik: "0000784977"
company_name: "PORTLAND GENERAL ELECTRIC CO /OR/"
filed_at: "2026-05-01T23:59:59+00:00"
generated_at: "2026-05-15T00:27:42.683269+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-199453
- form_type: 8-K
- ticker: POR
- cik: 0000784977
- company_name: PORTLAND GENERAL ELECTRIC CO /OR/
- filed_at: 2026-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/784977/000119312526199453/0001193125-26-199453-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/784977/000119312526199453/por-20260501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-199453
- JSON: https://secwatch.observer/filing/0001193125-26-199453.json
- Plain text: https://secwatch.observer/filing/0001193125-26-199453.txt

## Key facts
- Earnings Releases
  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
  source text: $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
  evidence_url: https://www.sec.gov/Archives/edgar/data/784977/000119312526199453/0001193125-26-199453-index.htm

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