Portland General Electric Reports Q3 Results, Revises 2026 Guidance
Portland General Electric reported Q3 2026 GAAP net income of $119 million, or $1.00 per diluted share, and revised full-year adjusted earnings guidance to $3.18–$3.28 per diluted share. Industrial demand grew 9% year over year; EDAM participation is expected to provide about $14 million in customer savings in 2027.
Portland General Electric Company reported third quarter 2026 GAAP net income of $119 million, or $1.00 per diluted share, compared to $103 million, or $0.94 per diluted share, in the third quarter of 2025. Non-GAAP net income for the quarter was $125 million, or $1.06 per diluted share, up from $110 million, or $1.00 per diluted share, in the prior-year period. The company revised its full-year 2026 adjusted earnings guidance to a range of $3.18 to $3.28 per diluted share, citing the impact of historically mild weather during the third quarter. Despite the weather impact, industrial customer demand grew 9% year-over-year, driven by high-tech and data center customers.
Additionally, the company noted its successful October 1st launch of participation in the Extended Day-Ahead Market (EDAM), which is expected to provide approximately $14 million in customer savings in 2027.