Portland General Electric Reports Third Quarter 2026 Financial Results and Revises Guidance

Portland General Electric reported third-quarter 2026 GAAP net income of $119 million, or $1.00 per diluted share, compared with $103 million, or $0.94, a year earlier; non-GAAP net income rose to $125 million, or $1.06 per share, from $110 million, or $1.00. The company revised its 2026 adjusted earnings guidance to $3.18–$3.28 per diluted share, citing historically mild third-quarter weather. Industrial customer demand increased 9% year over year, driven by high-tech and data center customers. PGE also began participating in the Extended Day-Ahead Market on October 1 and expects the program to generate about $14 million in customer savings in 2027.