Filing Flows › Portland General Electric (POR) › Q2 2025
Portland General Electric (POR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 25, 2025
Portland General Electric (POR) reported revenue of $807M for the second quarter 2025 (Q2 2025), +6% from a year earlier and -13% from the quarter before. Operating margin was 14.6%, net earnings $62.0M (7.7% of revenue).
Portland General Electric, Q2 2025: revenue $807M (+6% year over year), operating margin 14.6%, net earnings $62.0M, operating cash flow $336M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $807M | -13% | +6% |
| Operating profit | $118M | -30% | +2% |
| Net earnings | $62.0M | -38% | -14% |
| Operating cash flow | $336M | +45% | +78% |
| Free cash flow | $99.0M | — | — |
What changed
Revenue was $807.0M in Q2 2025, up 6% year over year and down 13% from the previous quarter.
Operating profit was $118.0M, a 14.6% margin (down 0.7 points year over year). Of the extra revenue versus a year earlier, 4% reached operating profit, below the 15% margin then. Total costs grew 7% against revenue growth of 6%. Net earnings were $62.0M, down 14% year over year. The effective tax rate was 16.2%.
Operating cash flow was $336.0M (up 78% year over year), 542% of net earnings. Non-cash charges added back $139.0M of depreciation and amortization. Working capital and other items added $135.0M. Capital expenditures of $237.0M left free cash flow of $99.0M.
Questions
What was Portland General Electric's revenue in the second quarter 2025?
Portland General Electric (POR) reported revenue of $807M for the second quarter 2025 (Q2 2025), +6% from a year earlier and -13% from the quarter before.
Was Portland General Electric profitable in the second quarter 2025?
Operating profit was $118M (14.6% of revenue) and net earnings $62.0M.