Company: POR
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0000784977-25-000136
Chunk: 6

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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Item 1.Financial Statements.

PORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

AND COMPREHENSIVE INCOME

(Dollars in millions, except per share amounts)

(Unaudited)                                                        

Three Months Ended June 30, Six Months Ended June 30, 2025202420252024Revenues:Revenues, net$798 $761 $1,730 $1,701 Alternative revenue programs, net of amortization9 (3)5 (14)Total revenues807 758 1,735 1,687 Operating expenses:Purchased power and fuel294 275 662 680 Generation, transmission and distribution114 107 224 206 Administrative and other96 97 192 192 Depreciation and amortization139 122 279 243 Taxes other than income taxes46 41 92 88 Total operating expenses689 642 1,449 1,409 Income from operations118 116 286 278 Interest expense, net57 52 113 103 Other income:Allowance for equity funds used during construction6 6 11 11 Miscellaneous income, net7 9 12 15 Other income, net13 15 23 26 Income before income tax expense74 79 196 201 Income tax expense 12 7 34 20 Net income 62 72 162 181 Other comprehensive income— — — 1 Net income and Comprehensive income$62 $72 $162 $182 Weighted-average common shares outstanding (in thousands):Basic109,522 103,034 109,473 102,167 Diluted109,765 103,232 109,725 102,338 Earnings per share:    Basic$0.56 $0.69 $1.48 $1.77     Diluted$0.56 $0.69 $1.47 $1.77 See accompanying notes to condensed consolidated financial statements.    

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Table of ContentsPORTLAND GENERAL ELECTRIC COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Dollars in millions)(Unaudited)                                                

June 30, 202