Company: POR
Filing Date: 2025-07-25
Form Type: 10-Q
Source: 0000784977-25-000136
Chunk: 115

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-07-25
Form: 10-Q
Item: Part I, Item 8
Chunk 115
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 units and related dividend equivalent rights of 641 thousand shares were excluded from the dilutive calculation because the performance goals had not been met, with 513 thousand shares excluded for the three and six months ended June 30, 2024. Net income is the same for both the basic and diluted earnings per share computations. The denominators of the basic and diluted earnings per share computations are as follows (in thousands):Three Months Ended June 30, Six Months Ended June 30, 2025202420252024Weighted-average common shares outstanding—basic109,522 103,034 109,473 102,167 Dilutive effect of potential common shares243 198 252 171 Weighted-average common shares outstanding—diluted109,765 103,232 109,725 102,338 

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Table of ContentsPORTLAND GENERAL ELECTRIC COMPANYNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS, continued(Unaudited)

NOTE 7: SHAREHOLDERS’ EQUITYThe activity in equity during the three and six-month periods ended June 30, 2025 and 2024 was as follows (dollars in millions, except per share amounts):Common StockAccumulatedOtherComprehensiveLossRetainedEarningsSharesAmountTotalBalances as of December 31, 2024109,342,251 $2,118 $(4)$1,680 $3,794 Issuances of shares pursuant to equity-based plans161,074 — — — — Stock-based compensation— 5 — — 5 Dividends declared ($0.500 per share)— — — (55)(55)Net income— — — 100 100 Balances as of March 31, 2025109,503,325 2,123 (4)1,725 3,844 Issuances of shares pursuant to equity-based plans58,563 1 — — 1 Stock-based compensation— 3 — — 3 Dividends declared ($0.525 per share)— — — (58)(58)Net income— — — 62 62 Balances as of June 30, 2025109,561,888 $2,127 $(4)$1,729 $3,852 Balances as of December 31,