Portland General Electric Reports Second Quarter Net Income of $40 Million
Revenue Increases to $648 Million in Q2 2023
Portland General Electric Company (POR), a leading electric utility company, has released its financial results for the second quarter of 2023. The company reported a net income of $40 million during this period. Additionally, PGE witnessed a significant increase in revenue, reaching $648 million, showcasing its robust performance in the energy sector.
Net Income and Loss
During the three months ended June 30, 2023, Portland General Electric Company achieved a net income of $40 million, compared to $65 million in the same period last year. This represents a decline in net income for the quarter. Despite this decrease, the company remains confident in its financial position, as PGE continues to provide reliable electric services to its customers.
Revenue Highlights
