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POR

Portland General Electric Company

POR

Portland General Electric Company • NYSE
$50.82 ▲ 0.16% (+0.08)
Market Cap $5.55 B
52w High $51.14
52w Low $39.55
Dividend Yield 2.05%
P/E 18.48
Volume 513.73K
Outstanding Shares 109.18M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $878M ▲ $146M ▼ $103M ▲ 11.731% ▲ $0.93 ▲ $331M ▲
Q2-2025 $807M ▼ $281M ▼ $62M ▼ 7.683% ▼ $0.57 ▼ $258M ▼
Q1-2025 $928M ▲ $282M ▲ $100M ▲ 10.776% ▲ $0.91 ▲ $309M ▲
Q4-2024 $824M ▼ $279M ▲ $38M ▼ 4.612% ▼ $0.35 ▼ $218M ▼
Q3-2024 $929M $272M $94M 10.118% $0.91 $274M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $137M ▲ $13.014B ▲ $9.064B ▲ $3.95B ▲
Q2-2025 $56M ▲ $12.681B ▼ $8.829B ▼ $3.852B ▲
Q1-2025 $11M ▼ $12.695B ▲ $8.851B ▲ $3.844B ▲
Q4-2024 $12M ▼ $12.544B ▲ $8.75B ▲ $3.794B ▲
Q3-2024 $35M $11.881B $8.251B $3.63B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $103M ▲ $403M ▲ $-307M ▼ $-15M ▲ $81M ▲ $100M ▲
Q2-2025 $62M ▼ $336M ▲ $-233M ▲ $-58M ▼ $45M ▲ $99M ▲
Q1-2025 $100M ▲ $231M ▲ $-376M ▲ $144M ▼ $-1M ▲ $-128M ▲
Q4-2024 $38M ▼ $170M ▼ $-397M ▼ $204M ▲ $-23M ▼ $-222M ▼
Q3-2024 $94M $244M $-261M $46M $29M $-9M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Commercial
Commercial
 $220.00M ▲$240.00M ▲$230.00M ▼$260.00M ▲
Direct Access customers
Direct Access customers
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Industrial
Industrial
 $110.00M ▲$130.00M ▲$130.00M ▲$140.00M ▲
Residential
Residential
 $380.00M ▲$430.00M ▲$310.00M ▼$380.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Portland General Electric’s sales have been climbing steadily over the past five years, showing a healthy expansion of its business base. Operating profit and earnings have also trended upward, though not as sharply as revenue, which suggests rising costs and some margin pressure, especially compared with a few years ago. Still, profitability looks more solid now than at the start of the period, with recent results recovering from earlier dips. Overall, this points to a utility that is growing and steadily improving earnings, but doing so in a cost-intensive, regulated environment where profit gains are incremental rather than dramatic.

Balance Sheet

Balance Sheet The balance sheet shows a utility that has been investing heavily and growing its asset base over time. Total assets and shareholder equity have both risen, which signals continued buildout of infrastructure and a larger underlying business. At the same time, debt has also climbed meaningfully, and cash balances are very thin, which is typical for capital‑heavy utilities but does increase dependence on external financing and stable regulation. The financial structure looks consistent with a regulated utility in expansion mode: sizable, long‑term assets funded by a mix of growing equity and rising debt, with limited liquidity cushion.

Cash Flow

Cash Flow Cash generated from day‑to‑day operations has been positive and generally improving, which supports the view of a stable, cash‑producing utility. However, free cash flow has been negative every year because capital spending has been very heavy, reflecting major investments in the grid, renewables, and related infrastructure. This pattern is common in regulated utilities but means the company relies on borrowing and equity capital to fund its growth plans. The key question looking ahead is whether these large investments translate into future rate recovery and earnings strength sufficient to comfortably cover the ongoing capital needs.

Competitive Edge

Competitive Edge Portland General Electric operates as a regulated monopoly in its service territory, which gives it a strong base of predictable customers and revenue under oversight from state regulators. Its strategy is tightly aligned with Oregon’s aggressive clean energy and decarbonization goals, which can be a competitive advantage when seeking approval for new projects and rate recovery. The company is also well placed to serve rising electricity demand from data centers, high‑tech industries, and electric vehicles in its region, positioning it as a key energy partner for the local “Silicon Forest” ecosystem. The main competitive and regulatory risks are tied to how well it manages costs, reliability, wildfire and climate risks, and customer affordability while pushing through significant infrastructure and clean energy investments.

Innovation and R&D

Innovation and R&D Although utilities do not typically emphasize formal R&D in the same way as tech firms, Portland General Electric is clearly leaning into innovation as part of its strategy. It is modernizing the grid with smart technologies, wildfire detection tools, and microgrids to improve reliability and resilience. The company is also investing in renewables, battery storage, and virtual power plant concepts that combine customer‑owned resources like rooftop solar and batteries into grid assets. On the customer side, platforms for home electrification, EV programs, and digital tools show a push to make clean energy adoption easier and more interactive. Overall, innovation is being used less as a standalone R&D activity and more as a core element of how the utility plans and operates its system for a low‑carbon future.

Summary

Portland General Electric looks like a traditional regulated electric utility that is aggressively repositioning itself for the clean energy transition. Financially, it shows steady revenue and earnings growth, backed by solid operating cash flow but weighed down by very heavy capital spending and rising debt, which is typical for a utility in a major buildout phase. Its regulated monopoly status and alignment with Oregon’s climate and energy policies provide a stable and supportive backdrop, though regulatory decisions and cost control will remain critical. The company’s focus on grid modernization, renewables, storage, digital tools, and customer‑centric programs suggests a forward‑leaning strategy aimed at capturing future demand from data centers, EVs, and electrified homes. Overall, POR appears to be balancing the stability of a regulated utility with the risks and opportunities of transforming its grid and generation mix for a cleaner, more digital energy system.

NEWS

November 3, 2025 · 5:16 PM UTC

Portofino Receives Approval for Extension of Warrants

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October 31, 2025 · 5:00 AM UTC

Portland General Electric Announces Third Quarter 2025 Results

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October 22, 2025 · 6:00 PM UTC

Portland General Electric declares dividend

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October 16, 2025 · 4:28 PM UTC

Portofino Applies for Extension of Warrants

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October 8, 2025 · 9:00 AM UTC

Portland General Electric and GridCARE Accelerate Hundreds of Megawatts of Data Center Power in Leading U.S. Market

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