# Portland General Electric Company (POR)

> Source: Nexqual · https://nexqual.com/POR · data as of 2026-10-28 20:00 UTC · cite as "Nexqual, Portland General Electric Company (POR), nexqual.com/POR" · informational, not investment advice.

**Price:** USD 44.27 (-0.85% on the day) · last close of Oct 28, 2026; US market pre market, not a live price. Prev close 44.65 · day 44.05–44.61 · 52w 43.26–54.62 · market cap $5.21B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.53B, net income $257M (7.3% margin), free cash flow -$189M (SEC filings).
- Valuation: P/E 20.3x (avg 16.8x at the last 3 fiscal year-ends), EV/EBITDA 9.3x, net debt $4.89B.
- Analysts: Hold (mean 2.77 on a 1–5 scale) (13 analysts), mean target USD 51.09 (range 43–62).
- Total return with dividends: 1Y +1.1% vs S&P 500 +13.6%; 5Y +11.0% vs S&P 500 +79.8%.
- Next earnings: 2026-10-29, EPS estimate USD 1.12, revenue estimate $1.02B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.40B | $2.65B | $2.92B | $3.44B | $3.58B | $3.53B |
| Operating income | $378M | $397M | $396M | $512M | $555M | $497M |
| Net income | $244M | $233M | $228M | $313M | $306M | $257M |
| EPS (diluted) | $2.72 | $2.60 | $2.33 | $3.01 | $2.77 | — |
| Free cash flow | -$104M | -$92.0M | -$938M | -$490M | -$71.0M | -$189M |
| Operating margin | 15.8% | 15.0% | 13.5% | 14.9% | 15.5% | 14.1% |
| Net margin | 10.2% | 8.8% | 7.8% | 9.1% | 8.6% | 7.3% |
| Revenue growth | +11.7% | +10.5% | +10.4% | +17.7% | +4.0% | — |
| Cash + short-term investments | $52.0M | $165M | $5.0M | $12.0M | $76.0M | — |
| Total debt | $3.30B | $3.66B | $4.00B | $4.54B | $4.68B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 20.3x · P/S 1.5x · EV/EBITDA 9.3x · EV/Sales 2.9x · P/B 1.3x · FCF yield -3.63% · Earnings yield 4.94% · Dividend yield (paid, TTM) 4.53% · Net debt $4.89B · EV $10.1B
P/E at fiscal year-ends: Dec 2025 17.4x, Dec 2024 14.5x, Dec 2023 18.6x.

## Analysts
Consensus Hold (mean 2.77 on a 1–5 scale), 13 analysts; mean target USD 51.09 (low 43, high 62).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-30 | BMO Capital | Target lowered | Market Perform | $52 → $47 |
| 2026-09-28 | UBS | Target lowered | Neutral | $53 → $50 |
| 2026-09-09 | JP Morgan | Target lowered | Neutral | $56 → $53 |
| 2026-08-21 | Wells Fargo | Upgrade | Equal-Weight → Overweight | $51 → $58 |
| 2026-08-13 | Ladenburg Thalmann | Upgrade | Sell → Buy | $48.5 |
| 2026-07-22 | BMO Capital | Target lowered | Market Perform | $55 → $54 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-29) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +1.1% | +11.0% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +1.1% | +2.1% |
| Volatility (annualized) | 19.8% | 19.9% |
| Max drawdown | -18.0% (Apr 2026→Oct 2026) | -24.8% (Apr 2022→Oct 2023) |

## Peers (Utilities - Regulated Electric)
TXNM (TXNM Energy, Inc.) USD 58.6 -0.05% · IDA (IDACORP, Inc.) USD 139.73 -0.75% · ELPC (Companhia Paranaense de Energia) USD 10.96 -3.09% · CIG-C (Comp En De Mn Cemig) USD 3 -4.76% · OGE (OGE Energy Corp) USD 48.87 -0.08% · PNW (Pinnacle West Capital Corporati) USD 104.87 -1.35%

## More
Full page: https://nexqual.com/POR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.12 | $1.18 | -4.8% | $1.02B | 10 |
| Next quarter (ends 2026-12-31) | $0.97 | $0.97 | +0.5% | $924.9M | 9 |
| Current fiscal year (ends 2026-12-31) | $3.33 | $3.39 | -2.0% | $3.69B | 13 |
| Next fiscal year (ends 2027-12-31) | $3.57 | $3.59 | -0.4% | $3.98B | 13 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.64 | $0.67 | Miss −4.5% | — |
| — | Quarter ended Mar 31, 2026 | $0.58 | $0.77 | Miss −24.7% | — |
| — | Quarter ended Dec 31, 2025 | $0.47 | $0.56 | Miss −16.1% | — |
| — | Quarter ended Sep 30, 2025 | $1.00 | $0.99 | Beat +1.0% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-29 | 8-K | Quarterly results; Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/784977/000119312526437091/0001193125-26-437091-index.htm |
| 2026-10-29 | 10-Q | Quarterly report · period ended Sep 30, 2026 | https://www.sec.gov/Archives/edgar/data/784977/000119312526436451/0001193125-26-436451-index.htm |
| 2026-10-16 | 8-K | Other material event — “On October 15, 2026, Portland General Electric Company (PGE or the Company) submitted its 2026 Clean Energy Plan (CEP) and Integrated Resource Plan (IRP) to the Public Utility Commission of Oregon (OPUC). The filing outlines the Company's long-term resource strategy, including potential pathways to meet Oregon's clean energy requirements, and actions intended to support reliable, affordable, and increasingly clean energy service for customers. The 2026 CEP/IRP identified additional generation resource needs and…” | https://www.sec.gov/Archives/edgar/data/784977/000119312526423088/0001193125-26-423088-index.htm |
| 2026-09-28 | 8-K | Other material event — “On September 25, 2026, the Oregon Public Utility Commission (OPUC) issued a final order (Order No. 26-354) in Docket UM 2385. The order addresses the application by Portland General Electric Company (PGE or the Company) to reorganize under a holding company structure. The order includes a rate credit and other customer benefits totaling approximately $83 million, which the Company supports. However, the order also imposes conditions that depart from the stipulation agreed to by the Company and OPUC staff. The…” | https://www.sec.gov/Archives/edgar/data/784977/000119312526404006/0001193125-26-404006-index.htm |
| 2026-08-12 | 8-K | Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/784977/000119312526346816/0001193125-26-346816-index.htm |
| 2026-07-31 | Schedule 13G | Vanguard Capital Management: 5.3% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/784977/000210011926001507/0002100119-26-001507-index.htm |
| 2026-07-31 | 8-K | Quarterly results; Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/784977/000119312526327135/0001193125-26-327135-index.htm |
| 2026-07-31 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/784977/000119312526326379/0001193125-26-326379-index.htm |
| 2026-07-29 | Schedule 13G | Clearbridge Investments, LLC, ClearBridge Investments Ltd: 4.8% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/784977/000134888326000017/0001348883-26-000017-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.