POR

MKT CAP:$6B

Portland General Electric Company

Market Cap

$6B

Utilities·Regulated Electric·🇺🇸 United States·NYSE

Utilities·Regulated Electric·🇺🇸·NYSE

Stock Price

$51.43+$2.97 (+6.13%)

Apr 23, 2026

Company Details

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, thr...

CEO

Maria MacGregor Pope

IPO Date

Mar 31, 2006

Website

www.portlandgeneral.com

Key Metrics TTM

Revenue

$3.5B

+0.4% YoY

Net Income

$306M

EPS (Diluted)

$2.77

Free Cash Flow

-$71M

Revenue / Share

$31.18

Gross Margin

41.7%

Operating Margin

16.7%

Net Margin

8.9%

FCF Margin

-2.1%

P/S

1.7x

P/E

19.2x

Earnings Reports

Q1 2026

May 1, 2026

PENDING

FY 2025

Feb 17, 2026

$3.5B+0.4%EPS $2.77

Q4 2025

Feb 17, 2026

$840M+1.9%EPS $0.37

Q3 2025

Oct 30, 2025

$878M-5.5%EPS $0.93

Q2 2025

Jul 24, 2025

$807M+6.5%EPS $0.56

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$626M	$334M	$106M
Q2 22	$591M	$338M	$112M
Q3 22	$743M	$323M	$92M
Q4 22	$687M	$316M	$87M
Q1 23	$748M	$351M	$117M
Q2 23	$648M	$327M	$81M
Q3 23	$802M	$331M	$85M
Q4 23	$725M	$350M	$113M
Q1 24	$929M	$425M	$162M
Q2 24	$758M	$376M	$116M
Q3 24	$929M	$418M	$146M
Q4 24	$824M	$367M	$88M
Q1 25	$928M	$450M	$168M
Q2 25	$807M	$399M	$118M
Q3 25	$878M	$307M	$161M
Q4 25	$840M	$283M	$131M

Valuation

Quarter	P/S	P/E
Q1 22	2.0x	23.6x
Q2 22	1.8x	18.4x
Q3 22	1.6x	16.3x
Q4 22	1.7x	19.5x
Q1 23	1.7x	19.1x
Q2 23	1.7x	21.4x
Q3 23	1.4x	18.6x
Q4 23	1.5x	19.6x
Q1 24	1.4x	16.1x
Q2 24	1.4x	14.7x
Q3 24	1.5x	14.4x
Q4 24	1.3x	14.4x
Q1 25	1.3x	15.2x
Q2 25	1.3x	15.1x
Q3 25	1.4x	15.7x
Q4 25	1.5x	17.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$249M	$82M
Q2 22	$202M	$24M
Q3 22	$123M	-$73M
Q4 22	$100M	-$125M
Q1 23	-$39M	-$313M
Q2 23	$182M	-$117M
Q3 23	$188M	-$170M
Q4 23	$89M	-$338M
Q1 24	$175M	-$150M
Q2 24	$189M	-$109M
Q3 24	$244M	-$9M
Q4 24	$170M	-$222M
Q1 25	$231M	-$128M
Q2 25	$336M	$99M
Q3 25	$403M	$100M
Q4 25	$148M	-$142M

Capital Expenditures

Quarter	CapEx
Q1 22	$167M
Q2 22	$178M
Q3 22	$196M
Q4 22	$225M
Q1 23	$274M
Q2 23	$299M
Q3 23	$358M
Q4 23	$427M
Q1 24	$325M
Q2 24	$298M
Q3 24	$253M
Q4 24	$392M
Q1 25	$359M
Q2 25	$237M
Q3 25	$303M
Q4 25	$290M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+2.8%	+9.2%
Q2 22	+10.1%	+0.6%
Q3 22	+15.7%	+16.5%
Q4 22	+13.0%	+18.3%
Q1 23	+19.5%	+21.3%
Q2 23	+9.6%	+18.4%
Q3 23	+7.9%	+10.1%
Q4 23	+5.5%	+2.0%
Q1 24	+24.2%	+21.6%
Q2 24	+17.0%	+13.2%
Q3 24	+15.8%	+9.2%
Q4 24	+13.7%	+20.3%
Q1 25	-0.1%	-0.9%
Q2 25	+6.5%	+7.3%
Q3 25	-5.5%	-8.4%
Q4 25	+1.9%	-3.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 22	$88M
Q2 22	$83M
Q3 22	$83M
Q4 22	$72M
Q1 23	$78M
Q2 23	$91M
Q3 23	$87M
Q4 23	$79M
Q1 24	$93M
Q2 24	$95M
Q3 24	$100M
Q4 24	$106M
Q1 25	$95M
Q2 25	$95M
Q3 25	$99M
Q4 25	$101M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$110M	$0	$110M
Q2 22	$91M	$0	$91M
Q3 22	$18M	$0	$18M
Q4 22	$165M	$0	$165M
Q1 23	$12M	$0	$12M
Q2 23	$13M	$0	$13M
Q3 23	$47M	$0	$47M
Q4 23	$5M	$0	$5M
Q1 24	$176M	$0	$176M
Q2 24	$6M	$0	$6M
Q3 24	$35M	$0	$35M
Q4 24	$12M	$0	$12M
Q1 25	$11M	$0	$11M
Q2 25	$56M	$0	$56M
Q3 25	$137M	$0	$137M
Q4 25	$76M	$0	$76M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	90M	-0.0%	-0.2%
Q2 22	89M	-0.2%	-0.3%
Q3 22	89M	+0.1%	-0.1%
Q4 22	89M	0.0%	-0.1%
Q1 23	93M	+3.5%	+3.4%
Q2 23	98M	+5.5%	+9.2%
Q3 23	101M	+3.6%	+13.0%
Q4 23	101M	+0.1%	+13.1%
Q1 24	101M	+0.3%	+9.6%
Q2 24	103M	+1.7%	+5.7%
Q3 24	104M	+1.1%	+3.2%
Q4 24	109M	+4.8%	+8.1%
Q1 25	110M	+0.3%	+8.1%
Q2 25	110M	+0.1%	+6.3%
Q3 25	110M	+0.6%	+5.8%
Q4 25	111M	+0.3%	+1.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$220.5K	3K
Q2 22	$208.2K	3K
Q3 22	$261.7K	3K
Q4 22	$239.1K	3K
Q1 23	$260.4K	3K
Q2 23	$225.5K	3K
Q3 23	$279.2K	3K
Q4 23	$255.1K	3K
Q1 24	$326.9K	3K
Q2 24	$266.7K	3K
Q3 24	$326.9K	3K
Q4 24	$282.7K	3K
Q1 25	$318.4K	3K
Q2 25	$276.8K	3K
Q3 25	$301.2K	3K
Q4 25	$292.0K	3K

Revenue / Employee