Portland General Electric 3Q 2026: Revenue $971M, Net income $119M — 10-Q Summary

Portland General Electric reported third-quarter 2026 revenue of $971 million, up 2% from $952 million a year earlier, and net income of $119 million, up 16% from $103 million. Retail revenue growth more than offset lower wholesale sales volume.

Financial Highlights

• Revenue was $971M, compared with $952M in the prior-year quarter; YoY change 2%.
• Net income was $119M, compared with $103M in the prior-year quarter; YoY change 16%.

Business Highlights

• Nine-month retail deliveries were essentially flat, up 0.1%; industrial deliveries increased 10.1%, led by digital services.
• Nine-month revenue declined 1% as wholesale revenue fell 24%, more than offsetting 2% growth in retail revenue.
• PGE’s 2026 resource plan identifies needs of 3.4–6.7 GW by 2030 and more than 5–9 GW by 2032, subject to regulatory review.
• The company advanced its Biglow Optimization Phase 2 and Salmonfly solar-plus-storage projects, which target operation by the end of 2029, subject to approvals.
• PGE is pursuing a $1.9 billion acquisition of utility operations serving about 140,000 Washington customers; regulatory reviews are underway.

Original SEC Filing: PORTLAND GENERAL ELECTRIC CO /OR/ [ POR ] - 10-Q - Oct. 28, 2026