Filing Flows › Portland General Electric (POR) › Q1 2026
Portland General Electric (POR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Portland General Electric (POR) reported revenue of $879M for the first quarter 2026 (Q1 2026), -5% from a year earlier and -1% from the quarter before. Operating margin was 12.2%, net earnings $45.0M (5.1% of revenue).
Portland General Electric, Q1 2026: revenue $879M (-5% year over year), operating margin 12.2%, net earnings $45.0M, operating cash flow $268M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $879M | -1% | -5% |
| Operating profit | $107M | +13% | -36% |
| Net earnings | $45.0M | +10% | -55% |
| Operating cash flow | $268M | +81% | +16% |
| Free cash flow | $9.0M | — | — |
What changed
Revenue was $879.0M in Q1 2026, down 5% year over year and down 1% from the previous quarter.
Operating profit was $107.0M, a 12.2% margin (down 5.9 points year over year). Total costs grew 2% against a revenue fall of 5%. The fastest-growing cost line was General & admin (+10%). Net earnings were $45.0M, down 55% year over year. The effective tax rate was 16.7%.
Operating cash flow was $268.0M (up 16% year over year), 596% of net earnings. Non-cash charges added back $144.0M of depreciation and amortization. Working capital and other items added $79.0M. Capital expenditures of $259.0M left free cash flow of $9.0M.
Questions
What was Portland General Electric's revenue in the first quarter 2026?
Portland General Electric (POR) reported revenue of $879M for the first quarter 2026 (Q1 2026), -5% from a year earlier and -1% from the quarter before.
Was Portland General Electric profitable in the first quarter 2026?
Operating profit was $107M (12.2% of revenue) and net earnings $45.0M.