Company: POR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000784977-25-000172
Chunk: 6

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-10-31
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 September 30, Nine Months Ended September 30, 2025202420252024Revenues:Revenues, net$946 $942 $2,676 $2,643 Alternative revenue programs, net of amortization6 (13)11 (27)Total revenues952 929 2,687 2,616 Operating expenses:Purchased power and fuel372 380 1,034 1,060 Generation, transmission and distribution112 131 336 337 Administrative and other99 102 291 294 Depreciation and amortization148 126 427 369 Taxes other than income taxes47 44 139 132 Total operating expenses778 783 2,227 2,192 Income from operations174 146 460 424 Interest expense, net60 53 173 156 Other income:Allowance for equity funds used during construction4 6 15 17 Miscellaneous income, net5 6 17 21 Other income, net9 12 32 38 Income before income tax expense123 105 319 306 Income tax expense 20 11 54 31 Net income 103 94 265 275 Other comprehensive income1 (1)1 — Net income and Comprehensive income$104 $93 $266 $275 Weighted-average common shares outstanding (in thousands):Basic110,170 103,845 109,708 102,730 Diluted110,416 104,338 109,958 102,958 Earnings per share:    Basic$0.94 $0.91 $2.42 $2.68     Diluted$0.94 $0.90 $2.41 $2.67 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)                                                

September