Portland General Electric Co income statement
In fiscal 2025, Portland General Electric Co reported revenue of $3.58bn, up 4.0% on the year before, operating income of $555m (a 15.5% margin) and net income of $306m, or $2.77 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,923 | 2,009 | 1,991 | 2,123 | 2,145 | 2,396 | 2,647 | 2,923 | 3,440 | 3,576 | 3,553 |
| General and administrative | 240 | 260 | 271 | 290 | 283 | 336 | 340 | 341 | 403 | 392 | 383 |
| Operating income | 340 | 380 | 346 | 353 | 269 | 378 | 397 | 396 | 512 | 555 | 510 |
| Interest expense | 112 | 120 | 124 | 128 | 136 | 137 | 156 | 173 | 211 | 232 | 242 |
| Income before tax | 243 | 273 | 229 | 241 | 155 | 267 | 272 | 273 | 350 | 359 | 312 |
| Income tax | 50 | 86 | 17 | 27 | 0 | 23 | 39 | 45 | 37 | 53 | 39 |
| 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 |
| Diluted shares (average) | 89m | 89m | 89m | 90m | 90m | 90m | 90m | 98m | 104m | 111m | 116m |
| EBITDA | 661 | 725 | 728 | 762 | 723 | 782 | 814 | 854 | 1,008 | 1,133 | 1,094 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 824 | 928 | 807 | 952 | 889 | 879 | 814 | 971 |
| General and administrative | 109 | 96 | 96 | 99 | 101 | 106 | 90 | 86 |
| Operating income | 88 | 168 | 118 | 174 | 95 | 107 | 121 | 187 |
| Interest expense | 55 | 56 | 57 | 60 | 59 | 60 | 61 | 62 |
| Income before tax | 44 | 122 | 74 | 123 | 40 | 54 | 80 | 138 |
| Income tax | 6 | 22 | 12 | 20 | −1 | 9 | 12 | 19 |
| Net income | 38 | 100 | 62 | 103 | 41 | 45 | 68 | 119 |
| Diluted EPS | $0.34 | $0.91 | $0.56 | $0.94 | $0.36 | $0.38 | $0.59 | $1.00 |
| EBITDA | 215 | 308 | 257 | 322 | 246 | 251 | 264 | 333 |
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