PORTLAND GENERAL ELECTRIC CO OR
For the period ended Jun 30, 2024. Filed Jul 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 26, 2024
POR$45.92-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income and Comprehensive Income
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
AND COMPREHENSIVE INCOME
(Dollars in millions, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Revenues, net | $761 | $646 | $1,701 | $1,391 |
| Alternative revenue programs, net of amortization | (3) | 2 | (14) | 5 |
| Total revenues | 758 | 648 | 1,687 | 1,396 |
| Operating expenses: | ||||
| Purchased power and fuel | 275 | 220 | 680 | 524 |
| Generation, transmission and distribution | 107 | 101 | 206 | 194 |
| Administrative and other | 97 | 93 | 192 | 173 |
| Depreciation and amortization | 122 | 113 | 243 | 224 |
| Taxes other than income taxes | 41 | 40 | 88 | 83 |
| Total operating expenses | 642 | 567 | 1,409 | 1,198 |
| Income from operations | 116 | 81 | 278 | 198 |
| Interest expense, net | 52 | 41 | 103 | 85 |
| Other income: | ||||
| Allowance for equity funds used during construction | 6 | 4 | 11 | 7 |
| Miscellaneous income, net | 9 | 5 | 15 | 17 |
| Other income, net | 15 | 9 | 26 | 24 |
| Income before income tax expense | 79 | 49 | 201 | 137 |
| Income tax expense | 7 | 10 | 20 | 24 |
| Net income | 72 | 39 | 181 | 113 |
| Other comprehensive income | — | 1 | 1 | 1 |
| Net income and Comprehensive income | $72 | $40 | $182 | $114 |
| Weighted-average common shares outstanding (in thousands): | ||||
| Basic | 103,034 | 97,087 | 102,167 | 94,478 |
| Diluted | 103,232 | 97,630 | 102,338 | 94,950 |
| Earnings per share—basic and diluted | $0.69 | $0.39 | $1.77 | $1.19 |
| See accompanying notes to condensed consolidated financial statements. | ||||
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