undamentalytics Newsletter
Sign in

Portland General Electric Co (POR) stock

Add to watchlist

Add holding +

NYSE: POR NYSE Electric Utilities Next results ~February 16, 2027

D Fundamentals grade

Portland General Electric Co is a US-listed company in the electric utilities industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$47

Valuation models combined (5)

Base case. Range ~$42–$56. Weighted average of 5 models (utility earnings model, forward price-to-earnings vs peers, justified price-to-book, residual income, dividend discount (two-stage)), the utility earnings model counting double.

Price vs value

Modestly undervalued

The price is inside our value range, 3% below our base value.

Price used: $45.52, November 2, 2026

Portland General Electric Co valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 6 selling1 purchase and 8 sales by directors and officers, last 12 monthsInsider trades
  • Funds260 adding, 201 cuttingOf 63 active managers that changed their stake, 33 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Portland General Electric files

10-Q filed October 29: Portland General Electric Co

Model value +4.6%

Revenue for the twelve months to September 2026 was $3.55bn, up 1.2% on a year earlier, about the same pace as a quarter earlier. That puts it 15 of 16 for growth among the electric utilities companies we cover. Free-cash-flow margin fell to -11.7% from -4.3% a year earlier. The diluted share count is up 6.1% on a year earlier, which dilutes existing holders. Our model value rises from $44.74 to $46.82 a share, against a share price of $44.57. The rating stays Hold.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 31: Portland General Electric Co

Portland General Electric generated $3.55bn in revenue over the twelve months to June 2026, up 1.2% on a year earlier and roughly in line with the pace recorded a quarter earlier. Among the electric utilities we cover, that growth rate ranks 15th of 16. Cash generation has weakened further, with the free-cash-flow margin slipping to -11.7% from -4.3% a year earlier. Shareholders have also been diluted, as the diluted share count has risen 6.1% over the same period. Despite this, our model value has moved higher, climbing from $41.80 to $44.74 a share, which now sits just above the current share price of $44.27. Given this balance of weak growth and cash generation against a slightly undervalued share price, the rating remains Hold.

10-Q on SEC EDGAR

Where Portland General Electric Co stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.53bn, up 1.3% on a year earlier, slower than the 2.6% growth a quarter earlier. That puts it 14 of 16 for growth among the electric utilities companies we cover. Free-cash-flow margin rose to -5.3% from -7.5% a year earlier. The diluted share count is up 5.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 7 financial-health checks. Our cash-flow model value is $41.80 a share, against a share price of $44.22.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 16, 2027 (estimated)

Portland General Electric Co's trailing-twelve-month revenue grew 1.2% year on year, with a free-cash-flow margin of -11.7%. Where it lags: revenue growth of 1.2% ranks 24 of 25 electric utilities companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 175.5% while net income fell 9.9%: a 166pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Portland General Electric Co's latest figures clears our strength thresholds.

Things to watch

  • Burning cash. Free cash flow was -11.7% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 6.1% in a year.
  • Weak cash conversion. Free cash flow was -152% of net income over the last 12 months.
  • Below peers: revenue growth. Revenue growth of 1.2% ranks 24 of 25 electric utilities companies we cover (median 6.4%).
  • Below peers: operating margin. Operating margin of 14.4% ranks 22 of 24 electric utilities companies we cover (median 22.5%).
  • Short interest rising. Shares sold short rose 18% in a month to 8.5% of tradable shares.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$1.06 against an average estimate of $1.12: missed by 5.4%
Revenue
$971m, up 2.0% on a year earlier
Share reaction
+0.3% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Next report
October 29, 2026; average EPS estimate $0.97

Portland General Electric's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.5%
  • 1 week+3.2%
  • 1 month+2.2%
  • This year-2.0%
  • 1 year+4.1%
  • 5 years+13.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.6B
Operating margin
14.4%
Net margin
7.7%
EPS (TTM, diluted)
$2.35

Growth

Revenue growth
+1.2%
Change in growth rate
−0.1 pts
Share count change
+6.1%

Cash

Free cash flow (TTM)
-$416M
FCF margin
-11.7%

Earnings

Last results
October 29, 2026
Next results (est.)
February 16, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Announcement
  4. Announcement
  5. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Portland General Electric Co valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$47
Price used
$45.00close November 3, 2026
Implied change
▲ +5%
Uncertainty
Low

How we got here: the combined value of 5 valuation models built for a business like Portland General Electric Co (see the models table below and how they are combined) , with a 7% cost of equity. The models span ~$42–~$56; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value Portland General Electric Co as an utility or power producer, with every model that fits that kind of business. Cost of equity 7%: the 10-year Treasury yield (4.9%) plus a beta of 0.42 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Utility earnings model Net income growing 3% a year, discounted at 8%: for regulated investment that makes free cash flow negative. ~$47 ~$39–$59 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$56 ~$56–$69 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$45 ~$37–$57 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$42 ~$29–$61 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$46 ~$37–$60 Included
Combined value Weighted average of the models that apply: the primary model (utility earnings model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$47 ~$42–$56 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Portland General Electric Co with utilities and power producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$29.96$32.45$33.73$42.20$33.68$43.16$41.43$38.23$40.25$46.44$45.52
Market value$2.7bn$2.9bn$3.0bn$3.8bn$3.0bn$3.9bn$3.7bn$3.7bn$4.2bn$5.1bn$5.3bn
+ Net debt (− = net cash)$2.4bn$2.4bn$2.4bn$2.6bn$3.0bn$3.2bn$3.5bn$4.1bn$4.5bn$4.6bn$5.3bn
Enterprise value$5.0bn$5.3bn$5.4bn$6.4bn$6.0bn$7.1bn$7.2bn$7.9bn$8.7bn$9.7bn$10.5bn
Multiples
Price / sales 1.4x1.4x1.5x1.8x1.4x1.6x1.4x1.3x1.2x1.4x1.5x
Price / earnings 13.8x15.5x14.2x17.7x19.5x15.9x15.9x16.4x13.4x16.8x19.4x
Price / free cash flow —34.9x86.1x————————
EV / EBITDA 7.6x7.3x7.4x8.3x8.3x9.1x8.9x9.2x8.7x8.6x9.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

27 /100

Weak moat

How hard Portland General Electric's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 1 / 20

    Net income has been a median 2.5% of total assets over 10 years.

  • Durability 14 / 20

    Operating margin has been a median 15.6%; its worst year was 12.8%.

  • Cash conversion 1 / 20

    Free cash flow was positive in 1 of 9 years, at a median -6.5% of revenue.

  • Discipline 5 / 20

    The diluted share count rose 29.4% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.33 +9% $3.7bn +3%
Next $3.57 +7% $4.0bn +8%

Next year's EPS estimate has moved −0.4% in 90 days, across 13 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −2.0% on 90 days ago. In the last 30 days, 2 analysts raised Portland General Electric Co's forecast and 1 cut it.

Consensus EPS forecast Portland General Electric Co, last 90 days
$3.30 $3.40 $3.50 $3.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.39 Current fiscal year, 60 days ago: $3.40 Current fiscal year, 30 days ago: $3.40 Current fiscal year, 7 days ago: $3.36 Current fiscal year, Now: $3.33 $3.33 Next fiscal year, 90 days ago: $3.59 Next fiscal year, 60 days ago: $3.59 Next fiscal year, 30 days ago: $3.59 Next fiscal year, 7 days ago: $3.58 Next fiscal year, Now: $3.57 $3.57

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.39$3.59
60 days ago $3.40$3.59
30 days ago $3.40$3.59
7 days ago $3.36$3.58
Now $3.33$3.57

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $1.12 $1.06 −5.4%
Jun 2026 $0.67 $0.64 −4.3%
Mar 2026 $0.77 $0.58 −24.4%
Dec 2025 $0.56 $0.47 −16.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

13 analysts, Oct 2026
Buy431%
Hold862%
Sell18%

Monthly trend

  1. Oct 2026138113
  2. Sep 2026138113
  3. Aug 2026138113
  4. Jul 20261281113

Counts of recommendations published by analysts covering Portland General Electric Co, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.5%
of tradable shares
Days to cover
4.08
at average volume
Short interest, 1 month
+18%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.5%
of shares
Employees
2,877
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +4.1%

$43.72 on October 31, 2025 to $45.52

ThenNowEffect
Revenue (last 12 months) $3.5bn $3.5bn +1.3%
Net margin 8.4% 7.3% −13.7%
P/E multiple 16.0x 20.2x +25.9%
Share count 108m 114m −5.4%

Biggest factor: p/e multiple.

Last 3 years +23.5%

$36.85 on November 3, 2023 to $45.52

ThenNowEffect
Revenue (last 12 months) $2.8bn $3.5bn +25.1%
Net margin 7.9% 7.3% −7.4%
P/E multiple 15.3x 20.2x +31.6%
Share count 92m 114m −18.9%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
POR+28%−4%−8%+5%+15%−2%
Industry peers (median)+18%+0%−4%+16%+17%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
POR50%58%50%58%67%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
POR−10%−25%−23%−11%−10%−18%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 45% from February 20, 2020 to September 15, 2020. Getting back needed a 82% gain, reached on November 11, 2025, 1883 days after the low.

Price behaviour

52-week range
$43.48 – $53.01
From 52-week high
−14.1%
vs 50-day average
−1.3%
vs 200-day average
−7.2%
Volatility (1 year)
20%
Beta vs S&P 500
-0.08

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±2.1%
After a week
5 up, 6 down
typical move ±3.2%
After a month
6 up, 5 down
typical move ±3.1%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 +0.3% −2.1% — —
July 31, 2026 +0.1% +2.2% −2.1% −2.5%
May 1, 2026 −5.6% −0.1% −6.6% −4.7%
February 17, 2026 −5.6% +0.7% −1.0% −2.9%
October 31, 2025 +2.5% +0.5% +4.5% +8.1%
July 25, 2025 +3.1% +0.4% +4.3% +6.9%
April 25, 2025 −3.7% +0.8% −2.8% −0.2%
February 14, 2025 +1.6% +0.3% +5.2% +5.8%
October 25, 2024 −0.2% +0.3% −5.6% −1.5%
July 26, 2024 −2.3% +1.2% +0.3% +0.2%
April 26, 2024 +0.3% +1.3% +1.2% +0.3%
February 16, 2024 +0.4% −1.0% −1.6% +0.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Portland General Electric Co’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade D (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Portland General Electric Co in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Portland General Electric Co
$2.8B $3B $3.2B $3.4B $3.6B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $2.9B Revenue (TTM), FY24 Q1: $3.1B Revenue (TTM), FY24 Q2: $3.2B Revenue (TTM), FY24 Q3: $3.3B Revenue (TTM), FY24 Q4: $3.4B Revenue (TTM), FY25 Q1: $3.4B Revenue (TTM), FY25 Q2: $3.5B Revenue (TTM), FY25 Q3: $3.5B Revenue (TTM), FY25 Q4: $3.6B Revenue (TTM), FY26 Q1: $3.5B Revenue (TTM), FY26 Q2: $3.5B Revenue (TTM), FY26 Q3: $3.6B $3.6B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $2.9B
FY24 Q1 $3.1B
FY24 Q2 $3.2B
FY24 Q3 $3.3B
FY24 Q4 $3.4B
FY25 Q1 $3.4B
FY25 Q2 $3.5B
FY25 Q3 $3.5B
FY25 Q4 $3.6B
FY26 Q1 $3.5B
FY26 Q2 $3.5B
FY26 Q3 $3.6B
Revenue growth, TTM YoY Portland General Electric Co
0% 5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 10.4% Revenue growth, TTM YoY, FY24 Q1: 12.1% Revenue growth, TTM YoY, FY24 Q2: 13.7% Revenue growth, TTM YoY, FY24 Q3: 15.8% Revenue growth, TTM YoY, FY24 Q4: 17.7% Revenue growth, TTM YoY, FY25 Q1: 10.8% Revenue growth, TTM YoY, FY25 Q2: 8.5% Revenue growth, TTM YoY, FY25 Q3: 5.1% Revenue growth, TTM YoY, FY25 Q4: 4.0% Revenue growth, TTM YoY, FY26 Q1: 2.6% Revenue growth, TTM YoY, FY26 Q2: 1.3% Revenue growth, TTM YoY, FY26 Q3: 1.2% 1.2%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 10.4%
FY24 Q1 12.1%
FY24 Q2 13.7%
FY24 Q3 15.8%
FY24 Q4 17.7%
FY25 Q1 10.8%
FY25 Q2 8.5%
FY25 Q3 5.1%
FY25 Q4 4.0%
FY26 Q1 2.6%
FY26 Q2 1.3%
FY26 Q3 1.2%
Operating margin (TTM) Portland General Electric Co
13% 14% 15% 16% 17% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 13.5% Operating margin (TTM), FY24 Q1: 14.2% Operating margin (TTM), FY24 Q2: 14.8% Operating margin (TTM), FY24 Q3: 16.1% Operating margin (TTM), FY24 Q4: 14.9% Operating margin (TTM), FY25 Q1: 15.1% Operating margin (TTM), FY25 Q2: 14.9% Operating margin (TTM), FY25 Q3: 15.6% Operating margin (TTM), FY25 Q4: 15.5% Operating margin (TTM), FY26 Q1: 14.0% Operating margin (TTM), FY26 Q2: 14.1% Operating margin (TTM), FY26 Q3: 14.4% 14.4%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 13.5%
FY24 Q1 14.2%
FY24 Q2 14.8%
FY24 Q3 16.1%
FY24 Q4 14.9%
FY25 Q1 15.1%
FY25 Q2 14.9%
FY25 Q3 15.6%
FY25 Q4 15.5%
FY26 Q1 14.0%
FY26 Q2 14.1%
FY26 Q3 14.4%
FCF margin (TTM) Portland General Electric Co
-40% -30% -20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -32.1% FCF margin (TTM), FY24 Q1: -25.0% FCF margin (TTM), FY24 Q2: -23.9% FCF margin (TTM), FY24 Q3: -18.1% FCF margin (TTM), FY24 Q4: -14.2% FCF margin (TTM), FY25 Q1: -13.6% FCF margin (TTM), FY25 Q2: -7.5% FCF margin (TTM), FY25 Q3: -4.3% FCF margin (TTM), FY25 Q4: -2.0% FCF margin (TTM), FY26 Q1: 1.9% FCF margin (TTM), FY26 Q2: -5.3% FCF margin (TTM), FY26 Q3: -11.7% -11.7%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -32.1%
FY24 Q1 -25.0%
FY24 Q2 -23.9%
FY24 Q3 -18.1%
FY24 Q4 -14.2%
FY25 Q1 -13.6%
FY25 Q2 -7.5%
FY25 Q3 -4.3%
FY25 Q4 -2.0%
FY26 Q1 1.9%
FY26 Q2 -5.3%
FY26 Q3 -11.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Portland General Electric took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $3.6B
  2. Selling, general and admin $392M · 11.0%
  3. Other operating costs $2.6B · 73.5%
  4. Operating income $555M · 15.5%
  5. Income tax $53M · 1.5%
  6. Interest and other $196M · 5.5%
  7. Net income $306M · 8.6%

Shares of revenue. Source: Portland General Electric's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 1,923 2,009 1,991 2,123 2,145 2,396 2,647 2,923 3,440 3,576 3,553
EBITDA 661 725 728 762 723 782 814 854 1,008 1,133 1,094
Operating income 340 380 346 353 269 378 397 396 512 555 510
Net income 193 187 212 214 155 244 233 228 313 306 273
Diluted EPS $2.16 $2.10 $2.37 $2.39 $1.72 $2.72 $2.60 $2.33 $3.01 $2.77 $2.35
Growth (year on year)
Revenue — +4.5% −0.9% +6.6% +1.0% +11.7% +10.5% +10.4% +17.7% +4.0% +1.2%
EBITDA — +9.7% +0.4% +4.7% −5.1% +8.2% +4.1% +4.9% +18.0% +12.4% −0.7%
Operating income — +11.8% −8.9% +2.0% −23.8% +40.5% +5.0% −0.3% +29.3% +8.4% −6.9%
Net income — −3.1% +13.4% +0.9% −27.6% +57.4% −4.5% −2.1% +37.3% −2.2% −9.9%
Diluted EPS — −2.8% +12.9% +0.8% −28.0% +58.1% −4.4% −10.4% +29.2% −8.0% −15.1%
Margins
EBITDA margin 34.4% 36.1% 36.6% 35.9% 33.7% 32.6% 30.8% 29.2% 29.3% 31.7% 30.8%
Operating margin 17.7% 18.9% 17.4% 16.6% 12.5% 15.8% 15.0% 13.5% 14.9% 15.5% 14.4%
Net margin 10.0% 9.3% 10.6% 10.1% 7.2% 10.2% 8.8% 7.8% 9.1% 8.6% 7.7%
Free-cash-flow margin −1.1% 4.1% 1.8% −2.8% −10.1% −4.3% −3.5% −32.1% −14.2% −2.0% −11.7%
Cash flow
Cash from operations 562 597 630 546 567 532 674 420 778 1,118 959
Capital spending 584 514 595 606 784 636 766 1,358 1,268 1,189 1,375
Free cash flow −22 83 35 −60 −217 −104 −92 −938 −490 −71 −416
Stock-based pay 6 7 5 9 11 14 15 17 24 16 —
Free cash flow after stock pay −28 76 30 −69 −228 −118 −107 −955 −514 −87 —
Balance sheet
Cash 6 39 119 30 257 52 165 5 12 76 69
Total debt 2,361 2,436 2,488 2,608 3,209 3,299 3,659 4,145 4,539 4,679 5,330
Net debt (negative = net cash) 2,355 2,397 2,369 2,578 2,952 3,247 3,494 4,140 4,527 4,603 5,261
Diluted shares 89m 89m 89m 90m 90m 90m 90m 98m 104m 111m 116m
Returned to shareholders
Dividends 110 118 125 134 140 150 158 179 200 225 242
Buybacks — — — 0 0 12 18 0 0 — —
Total returned 110 118 125 134 140 162 176 179 200 225 242

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 7 checks passed · September 30, 2026
What it owns · $13.8bn
Short-term assets $1.0bnLonger-term assets $12.8bn
What it owes, and who funded it · $13.8bn
Short-term liabilities $912mLonger-term liabilities $8.6bnShareholders' equity $4.3bn
  • Short-term assets cover short-term liabilities $1.0bn of assets due within a year against $912m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.0bn short-term assets against $8.6bn of longer-dated liabilities.
  • More cash than debt $69m of cash against $5.0bn of debt.
  • Debt below 40% of shareholders' equity Debt is 116% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 121% to 116% over five years.
  • A year's operating cash flow covers at least 20% of debt $959m of operating cash flow against $5.0bn of debt.
  • Operating profit covers interest at least five times over Operating income of $510m against $242m of interest.

From Portland General Electric Co's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$242M
Diluted share count
+6.1%
year over year
Total shareholder yield
4.5%
dividends 4.5% + buybacks 0.0% of market value
Dividend payout ratio
89%
of net income paid out
Days sales outstanding
45 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electric utilities
Last 12 months unless stated POR OGE HE LNT ELPC AQN Median
Revenue, last 12 months $3.6bn $3.4bn $3.3bn $4.4bn $4.7bn $2.4bn $9.4bn
Revenue growth, last 12 months 1.2% 2.4% 5.1% 6.8% 10.8% 4.9% 6.4%
Revenue growth, 3-year average 7.2% 6.2% −0.9% 1.9% — — 3.7%
Revenue growth, latest quarter 2.0% 13.2% 25.9% 1.0% — — 4.3%
Gross margin — 62.0% — 85.8% 21.7% 69.0% 65.9%
Operating margin 14.4% 25.8% 11.5% 22.1% −2.4% 20.7% 22.3%
Operating margin, 3-year average 15.3% 25.0% −11.1% 22.7% −2.6% 21.2% 22.4%
Net margin 7.7% 16.4% 6.9% 18.4% 10.3% 7.4% 13.3%
Cash from operations / revenue 27.0% 37.9% −4.4% 26.1% 11.6% 24.4% 27.0%
Free-cash-flow margin −11.7% 6.2% −17.2% −23.8% 16.4% −7.3% −10.0%
Free-cash-flow margin, 3-year average −11.4% −0.8% −4.3% −22.6% — −25.1% −8.2%
Stock pay / revenue — 0.5% 0.1% 0.7% — 0.5% 0.4%
Change in share count 6.1% 2.4% 9.6% 0.8% 0.0% 5.2% 1.7%

Median of all 25 companies we cover in electric utilities. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 electric utilities companies
Measure Company Peer median Rank
Revenue growth Growth 1.2% 6.4% 24 of 25
Change in growth rate Growth -0.1pp -0.1pp 13 of 25
Operating margin Profitability 14.4% 22.5% 22 of 24
Net margin Profitability 7.7% 13.3% 22 of 25
Free-cash-flow margin Cash generation -11.7% -10.0% 14 of 24
Long-term debt as % of assets Balance sheet 36.3% 40.9% 6 of 24
Change in share count Balance sheet 6.1% 1.7% 20 of 23
Days sales outstanding Balance sheet 45 days 45 days 11 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$6.4B
Institutions reporting
502
Shares held vs prior quarter
▲ 3.9%
Positions opened / closed
46 / 50

Top buyers and sellers, Q2 2026: 260 institutions bought and 201 sold ; the biggest buyer was Blackrock, Inc (+1.3M shares) and the biggest seller Citadel Advisors LLC (−1.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $970M 18.7M 15.1% ▲ 7.4%
Vanguard Portfolio Management LLC $378M 7.3M 5.9% ▼ 0.5%
Clearbridge Investments, LLC $330M 6.4M 5.1% ▲ 6.1%
Vanguard Capital Management LLC $271M 5.2M 4.2% ▲ 1.6%
State Street Corp $263M 5.0M 4.1% ▲ 8.0%
AQR Capital Management LLC $246M 4.8M 3.8% ▲ 9.9%
Fuller & Thaler Asset Management, Inc. $199M 3.8M 3.1% ▼ 2.4%
Two Sigma Investments, LP $170M 3.3M 2.6% ▲ 7.7%
Geode Capital Management, LLC $168M 3.2M 2.6% ▲ 9.2%
Invesco Ltd. $167M 3.2M 2.6% ▲ 27.4%
Norges Bank $128M 2.5M 2.0% —
Massachusetts Financial Services Co $121M 2.3M 1.9% ▲ 31.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Portland General Electric Co's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $97,600 1 trade by 1 insider, last 12 months Insider sales History → $1.2M 8 trades by 6 insiders · 30% under pre-set plans
Net ▼ $1.1M net selling
Insider Date Trade Shares Price Value
Lewis Michael A Director July 27, 2026 Sell pre-set plan 1,537 $51.83 $79,663
Hoglund Robert N Director May 11, 2026 Buy 2,000 $48.80 $97,600
Mcfarland John Carter SVP, Commercial & Customer May 11, 2026 Sell 1,571 $48.53 $76,241
Mcfarland John Carter SVP, Commercial & Customer May 11, 2026 Sell 819 $48.51 $39,730
Gallegos Juan Diego VP, CHRO May 8, 2026 Sell 2,750 $48.68 $133,870
Espinosa Maria Angelica SVP, CLO, CCA & CC Officer May 7, 2026 Sell 4,300 $48.81 $209,883
Trpik Joseph R Jr SVP, CFO May 6, 2026 Sell 7,400 $49.03 $362,822
Trpik Joseph R Jr SVP, CFO May 6, 2026 Sell 100 $49.06 $4,906
Felton Benjamin EVP, COO February 27, 2026 Sell pre-set plan 4,969 $53.56 $266,140

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 9 trades and filings

No trades in Portland General Electric Co disclosed in the last 12 months; 9 earlier trades on record.

  • Lois Frankel(D-FL 22):Sale (full), $1,001 - $15,000, traded September 8, 2023, filed October 10, 2023
  • Lois Frankel(D-FL 21):Purchase, $1,001 - $15,000, traded November 30, 2020, filed December 28, 2020
  • Earl Blumenauer(D-OR 3):Sale (full), $1,001 - $15,000, traded August 11, 2020, filed September 10, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 16, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 31, 2026
  • May 1, 2026
  • February 17, 2026
  • October 31, 2025
  • July 25, 2025

Recent SEC filings

Data status

When each part of this page on Portland General Electric Co was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Portland General Electric Co in brief

What does Portland General Electric Co do?
Portland General Electric Co is a US-listed company in the electric utilities industry. Its financial year ends in December.
What is Portland General Electric Co's stock ticker?
Portland General Electric Co trades under the ticker POR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Portland General Electric Co's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Portland General Electric Co reported revenue of $3.6B, 1.2% higher than a year earlier, according to its SEC filings.
What is Portland General Electric Co's free cash flow?
Portland General Electric Co's free-cash-flow margin is -11.7% of revenue over the trailing twelve months, ranking 14 of the 24 electric utilities companies we cover.
Who are Portland General Electric Co's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Clearbridge Investments, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Portland General Electric Co's market cap?
On November 2, 2026, Portland General Electric Co's market capitalisation was about $5.3B, with a price-to-earnings ratio of 19.4 and net debt of $5.3B. Market figures come from third-party market data and may be delayed.
Does Portland General Electric Co pay a dividend?
Yes: Portland General Electric Co paid $242M in dividends over the trailing twelve months, a dividend yield of 4.47% and a payout ratio of 88.6%.
How much debt does Portland General Electric Co have?
Portland General Electric Co's debt-to-equity ratio is 115.7%, from its latest balance sheet (121.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Portland General Electric Co's competitors?
In our Electric Utilities peer group, the companies closest to Portland General Electric Co are OGE Energy Corp., Hawaiian Electric Industries Inc, Alliant Energy, Energy Co Of Parana and Algonquin Power & Utilities Corp. The side-by-side comparison below sets their revenue, margins and growth against Portland General Electric Co's.
Are insiders buying or selling Portland General Electric Co stock?
Over the last 12 months, Portland General Electric Co's directors and officers reported 1 open-market purchases and 8 sales on Form 4. The insider trading page charts every trade.
When is Portland General Electric Co's next earnings date?
Around February 16, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Portland General Electric Co announces its own schedule.