Portland General Electric sets 2026 EPS outlook at $3.18–$3.28
Key points
- Portland General Electric (NYSE:POR) reported third-quarter adjusted earnings of $1.06 per diluted share, up from $1 a year earlier.
- Weather-adjusted industrial demand grew 9% year over year, but unfavorable weather reduced quarterly earnings per share by $0.15 compared with the prior-year quarter.
- PGE set its 2026 adjusted EPS guidance at $3.18–$3.28 and signed agreements for two solar-and-battery projects with anticipated investments totaling approximately $1.753 billion, excluding construction financing allowances.
Portland General Electric (NYSE:POR) reported third-quarter adjusted earnings of $1.06 per diluted share and revised its 2026 adjusted earnings guidance to $3.18–$3.28 per share.
Adjusted net income rose to $125 million from $110 million a year earlier, while GAAP net income increased to $119 million from $103 million.
Weather-adjusted industrial demand grew 9% year over year, but unfavorable weather reduced quarterly earnings per share by $0.15 compared with the prior-year quarter.
PGE signed agreements for the Biglow and Salmonfly solar-and-battery projects, with anticipated investments of approximately $900 million and $853 million, respectively, excluding construction financing allowances.
The Salmonfly project remains subject to an Oregon regulatory process, while PGE reported nine-month GAAP net income of $232 million, down from $265 million a year earlier, and said its long-term guidance remained intact.
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