PGE - Portland General Electric Company reported full-year 2025 revenues of USD 3.56 billion. Net income for the year reached USD 41 million in the fourth quarter (Q4), with diluted earnings per share $(EPS)$ at USD 0.36 for Q4 and USD 2.77 for the full year. On a non-GAAP basis, adjusted EPS was USD 0.47 for Q4 and USD 3.05 for the full year, with PGE noting that historic fourth quarter weather reduced annual earnings by USD 0.17 per share. The company announced the acquisition of PacifiCorp's Washington state utility operations and select assets for USD 1.9 billion in partnership with Manulife Investment Management. PGE also reached agreements to construct two solar and battery hybrid projects totaling 615 MW, of which 425 MW will be company-owned. The company is initiating 2026 adjusted earnings guidance of USD 3.33 to USD 3.53 per diluted share and reaffirmed its long-term earnings per share growth target of 5 to 7 percent.

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