Filing Flows › Utilities › Portland General Electric (POR)
Portland General Electric (POR) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Portland General Electric (POR) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $971M · 12¢ of every $1 of revenue kept as net profit · operating margin 19.3%
Portland General Electric made $971M in Q3 2026 (+2% Y/Y). Operating margin 19.3%, net earnings $119M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $971.0M in Q3 2026, up 2% year over year and up 19% from the previous quarter.
Operating profit was $187.0M, a 19.3% margin (up 1.0 points year over year). Of the extra revenue versus Q3 2025, 68% reached operating profit, above the 18% margin then. Total costs grew 1% against revenue growth of 2%. Net earnings were $119.0M, up 16% year over year. The effective tax rate was 13.8%.
Operating cash flow was $323.0M (down 20% year over year), 271% of net earnings. Non-cash charges added back $146.0M of depreciation and amortization. Working capital and other items added $58.0M. Capital expenditures of $450.0M exceeded it, leaving free cash flow of −$127.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $971M | +2% | 19.3% | $119M | $323M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $814M | +0.9% | 14.9% | $68.0M | $220M |
| Q1 2026 | 10-Q | May 1, 2026 | $879M | -5% | 12.2% | $45.0M | $268M |
| Q4 2025 | 10-K | Feb 17, 2026 | $889M | +8% | 10.7% | $41.0M | $148M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $952M | +2% | 18.3% | $103M | $403M |
| Q2 2025 | 10-Q | Jul 25, 2025 | $807M | +6% | 14.6% | $62.0M | $336M |
| Q1 2025 | 10-Q | Apr 25, 2025 | $928M | -0.1% | 18.1% | $100M | $231M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Portland General Electric
Portland General Electric Company (PGE or the Company), a vertically-integrated electric utility with corporate headquarters located in Portland, Oregon, is engaged in the generation, wholesale purchase and sale, transmission, distribution, and retail sale of electricity to customers in the state of Oregon (State). The Company operates as a cost-based, regulated electric utility with revenue requirements and customer prices determined based on the forecasted cost to serve retail customers and a reasonable rate of return as determined by the Public Utility Commission of Oregon (OPUC). PGE meets its retail load requirement with both Company-owned generation and power purchased in the wholesale market.
In its own words, from its 10-K, filed Feb 14, 2025.
Portland General Electric against its Electric Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +13%. Operating margin: 19.3% against the peers' median 26.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| POR Portland General Electric | Q3 2026 | $971M | +2% | 19.3% |
| Southern Power | Q3 2026 | $8.8B | +13% | 33.9% |
| NEE NextEra Energy | Q3 2026 | $8.1B | +2% | 32.4% |
| Florida Power & Light | Q2 2026 | $7.5B | +12% | 29.7% |
| CEG Constellation Energy | Q2 2026 | $7.5B | +23% | 7.7% |
| NRG NRG Energy | Q2 2026 | $7.5B | +11% | 13.0% |
| AEP Texas | Q3 2026 | $6.8B | +14% | 26.5% |
| VST Vistra | Q3 2026 | $6.3B | +28% | 26.9% |
| D Dominion Energy | Q3 2026 | $5.6B | +24% | 32.8% |
Source: Portland General Electric 10-Q on SEC EDGAR · CIK 784977 · Electric Services
Guidance and outlook
13F: who owns POR and who is buying
More on POR
- How Portland General Electric makes money: revenue by segment
- Portland General Electric next earnings date and what analysts expect
- Portland General Electric stock forecast, price target and fair value
- Who owns Portland General Electric stock: holders, funds and Congress trades
- Portland General Electric guidance and outlook
- Is Portland General Electric a takeover target? LBO and rumors
- Portland General Electric recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results