Filing Flows › Portland General Electric (POR) › Q3 2025
Portland General Electric (POR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Portland General Electric (POR) reported revenue of $952M for the third quarter 2025 (Q3 2025), +2% from a year earlier and +18% from the quarter before. Operating margin was 18.3%, net earnings $103M (10.8% of revenue).
Portland General Electric, Q3 2025: revenue $952M (+2% year over year), operating margin 18.3%, net earnings $103M, operating cash flow $403M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $952M | +18% | +2% |
| Operating profit | $174M | +47% | +19% |
| Net earnings | $103M | +66% | +10% |
| Operating cash flow | $403M | +20% | +65% |
| Free cash flow | $100M | +1% | — |
What changed
Revenue was $952.0M in Q3 2025, up 2% year over year and up 18% from the previous quarter.
Operating profit was $174.0M, a 18.3% margin (up 2.6 points year over year). Of the extra revenue versus a year earlier, 122% reached operating profit, above the 16% margin then. Total costs fell 1% while revenue rose 2%. Net earnings were $103.0M, up 10% year over year. The effective tax rate was 16.3%.
Operating cash flow was $403.0M (up 65% year over year), 391% of net earnings. Non-cash charges added back $148.0M of depreciation and amortization. Working capital and other items added $152.0M. Capital expenditures of $303.0M left free cash flow of $100.0M.
Questions
What was Portland General Electric's revenue in the third quarter 2025?
Portland General Electric (POR) reported revenue of $952M for the third quarter 2025 (Q3 2025), +2% from a year earlier and +18% from the quarter before.
Was Portland General Electric profitable in the third quarter 2025?
Operating profit was $174M (18.3% of revenue) and net earnings $103M.