Portland General Electric Company filed its Form 10-Q for the quarterly period ended September 30, 2026, with the U.S. Securities and Exchange Commission on October 29, 2026, reporting third-quarter net income of $119 million and nine-month total revenues of $2,664 million.

Key Highlights

  • Q3 net income of $119 million: up from $103 million in the third quarter of 2025, according to the filing.
  • Q3 diluted EPS of $1.00: compared with $0.94 in the same quarter of 2025, as reported in the condensed consolidated statements of income.
  • Nine-month net income of $232 million: down from $265 million in the first nine months of 2025.
  • Total assets of $13,815 million as of September 30, 2026, compared with $13,230 million at December 31, 2025.
  • Electric utility plant, net, of $11,712 million: up from $10,993 million at year-end 2025, reflecting capital expenditures of $1,085 million in the nine-month period.
  • Long-term debt rose to $5,010 million from $4,662 million at December 31, 2025, with $350 million in new long-term debt issued in the nine-month period.
  • Shares outstanding of 119,102,096 as of October 22, 2026, up from 115,559,079 at December 31, 2025.

Portland General Electric's Financial Results for the Quarter Ended September 30, 2026

According to the filing, Portland General Electric (NYSE:POR) reported third-quarter 2026 total revenues of $971 million, compared with $952 million in the third quarter of 2025. Net revenues for the quarter were $969 million, while alternative revenue programs contributed $2 million net of amortization. Total operating expenses for the quarter were $784 million, producing income from operations of $187 million, up from $174 million a year earlier.

For the nine months ended September 30, 2026, the company disclosed total revenues of $2,664 million against $2,687 million in the comparable prior-year period. Nine-month income from operations was $415 million, compared with $460 million for the same period in 2025. Interest expense, net, rose to $183 million from $173 million in the first nine months of 2025. Net cash provided by operating activities was $811 million for the nine-month period, compared with $970 million a year prior, while capital expenditures totaled $1,085 million versus $899 million in the prior-year period.

On the balance sheet, the company reported total shareholders' equity of $4,332 million as of September 30, 2026, compared with $4,133 million at December 31, 2025. Common stock increased to $2,540 million from $2,382 million, reflecting proceeds from issuance of common stock of $156 million during the nine-month period. Dividends paid totaled $184 million for the nine months ended September 30, 2026. The filing noted 30,000,000 preferred shares authorized with none issued or outstanding as of either balance sheet date.

What Was Disclosed

Portland General Electric's 10-Q for the quarter ended September 30, 2026, disclosed quarterly and year-to-date income statements, balance sheet data, and cash flow figures, including higher third-quarter net income year over year alongside increased capital expenditures and long-term debt compared with December 31, 2025.