Filing Flows › Portland General Electric (POR) › Q1 2025
Portland General Electric (POR) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
Portland General Electric (POR) reported revenue of $928M for the first quarter 2025 (Q1 2025), -0.1% from a year earlier and +13% from the quarter before. Operating margin was 18.1%, net earnings $100M (10.8% of revenue).
Portland General Electric, Q1 2025: revenue $928M (-0.1% year over year), operating margin 18.1%, net earnings $100M, operating cash flow $231M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $928M | +13% | -0.1% |
| Operating profit | $168M | +91% | +4% |
| Net earnings | $100M | +163% | -8% |
| Operating cash flow | $231M | +36% | +32% |
What changed
Revenue was $928.0M in Q1 2025, roughly flat year over year and up 13% from the previous quarter.
Operating profit was $168.0M, a 18.1% margin (up 0.7 points year over year). Total costs fell 1% while revenue was flat. Net earnings were $100.0M, down 8% year over year. The effective tax rate was 18.0%.
Operating cash flow was $231.0M (up 32% year over year), 231% of net earnings. Non-cash charges added back $140.0M of depreciation and amortization. Capital expenditures of $359.0M exceeded it, leaving free cash flow of −$128.0M.
Questions
What was Portland General Electric's revenue in the first quarter 2025?
Portland General Electric (POR) reported revenue of $928M for the first quarter 2025 (Q1 2025), -0.1% from a year earlier and +13% from the quarter before.
Was Portland General Electric profitable in the first quarter 2025?
Operating profit was $168M (18.1% of revenue) and net earnings $100M.