Company: POR
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0000784977-25-000074
Chunk: 105

Company: PORTLAND GENERAL ELECTRIC CO /OR/
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 8
Chunk 105
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.For the three months ended March 31, 2025, unvested performance-based restricted stock units and related dividend equivalent rights of 617 thousand shares were excluded from the dilutive calculation because the performance goals had not been met, with 507 thousand shares excluded for the three months ended March 31, 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 March 31, 20252024Weighted-average common shares outstanding—basic109,423 101,299 Dilutive effect of potential common shares260 168 Weighted-average common shares outstanding—diluted109,683 101,467 

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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 three-month periods ended March 31, 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 ($0.5000 per share)— — — (55)(55)Net income— — — 100 100 Balances as of March 31, 2025109,503,325 $2,123 $(4)$1,725 $3,844 Balances as of December 31, 2023101,159,609 $1,750 $(5)$1,574 $3,319 Issuances of shares pursuant to equity-based plans148,926 — — — — Stock-based compensation— — — — — Issuances of shares pursuant to equity agreements1,714,972 78 — — 78 Other comprehensive income— — 1 — 1 Dividends declared ($0.4750 per share)— —