A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
PORTLAND GENERAL ELECTRIC CO /OR/
POR
$5.7B
Mkt Cap
$52.05
-0.65%
PORTLAND GENERAL ELECTRIC CO /OR/ (POR) has a current P/E ratio of 18.8, compared to its historical median P/E of 16.4. The stock is currently considered Expensive based on its historical valuation range.
PORTLAND GENERAL ELECTRIC CO /OR/ (POR) has a 5-year average return on invested capital (ROIC) of 5.5%. This is below average and may indicate limited pricing power.
PORTLAND GENERAL ELECTRIC CO /OR/ (POR) has a market capitalization of $6.0B. It is classified as a mid-cap stock.
Yes, PORTLAND GENERAL ELECTRIC CO /OR/ (POR) pays a dividend with a trailing twelve-month yield of 3.82%.
Based on historical P/E analysis, PORTLAND GENERAL ELECTRIC CO /OR/ (POR) appears expensive. The current P/E of 18.8 is 15% above its historical median of 16.4. The estimated fair value CAGR (P/E method) is 4.3%.
PORTLAND GENERAL ELECTRIC CO /OR/ (POR) operates in the Electric Services industry, within the Utilities sector.
Portland General Electric Company (PGE) is a vertically-integrated, cost-based regulated electric utility operating exclusively in Oregon, serving approximately 960,000 retail customers across a 4,000-square-mile service area encompassing 51 incorporated cities. The company generates revenue through the generation, transmission, distribution, and retail sale of electricity, meeting retail load requirements through a combination of company-owned generation and wholesale market purchases while participating in wholesale energy, natural gas, and environmental credit markets to manage risk and optimize power costs. PGE operates as a single business segment under rate regulation by the Public Utility Commission of Oregon, with revenue requirements and customer prices determined by forecasted costs to serve customers and an authorized rate of return. The company's service territory is characterized by strong industrial and data center customer growth, with large customers expected to grow energy usage approximately 10% compounded annually, supported by transmission capital investment and grid-enhancing technologies including AI analytics and Dynamic Line Ratings. PGE's competitive position is reinforced by its track record of operational performance, including first-quartile safety and reliability metrics, top-10 customer service rankings, and comprehensive wildfire mitigation programs involving system hardening, monitoring, and coordination with first responders.
【Strategic growth and transformation】 Management is advancing multiple strategic priorities to drive long-term value creation, including the proposed acquisition of PacifiCorp's Washington utility operations (expected to close mid-2027), the formation of a holding company and transmission company to enhance financing flexibility, and execution of a comprehensive cost management program that exceeded 2025 targets by approximately $25 million. The company anticipates continued robust industrial and data center load growth, with weather-adjusted load growth guidance of 1.5% to 2.5% for 2026 and long-term growth of 3% through 2030, supported by existing customer contracts and civil work already underway. PGE is advancing its 2025 Request for Proposals to procure approximately 2,500 MW of diverse generation and storage projects, with contract execution expected beginning in 2027, while maintaining disciplined capital allocation focused on transmission expansion, distribution optimization, and generation fleet reliability. The company remains committed to maintaining a competitive dividend aligned with a 60%-70% payout target while supporting continued rate-based investment and progressing toward its authorized capital structure, with management expecting the cost management program to continue delivering efficiencies and supporting earnings performance within its guidance range.
| Metric | Target | Period |
|---|---|---|
| Earnings per diluted share | $3.33–$3.53 | FY2026 |
| Long-term earnings and dividend growth | 5%–7% | Through 2030 |
| Weather-adjusted load growth | 1.5%–2.5% | FY2026 |
| Long-term load growth | 3% | Through 2030 |
| 2025 RFP procurement target | Approximately 2,500 MW | Projects to be in service by end of 2027 |
Earnings per diluted share (FY2026): “we are reiterating our full year earnings guidance of $3.33- $3.53 per diluted share”
Long-term earnings and dividend growth (Through 2030): “our long-term earnings and dividend growth guidance of 5%-7%”
Weather-adjusted load growth (FY2026): “we now anticipate weather-adjusted load growth of 1.5% to 2.5% this year”
Long-term load growth (Through 2030): “long-term load growth guidance of 3% through 2030”
2025 RFP procurement target (Projects to be in service by end of 2027): “we aim to procure approximately 2,500 MW”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.5B | 3.6B | 3.4B | 2.9B | 2.6B | 2.4B |
| Net Income | 251M | 306M | 313M | 228M | 233M | 244M |
| EPS | $2.24 | $2.77 | $3.01 | $2.33 | $2.60 | $2.72 |
| Free Cash Flow | 66M | -71M | -490M | -938M | -92M | -104M |
| ROIC | 4.8% | 5.5% | 5.7% | 4.8% | 5.6% | 6.0% |
| Gross Margin | - | 49.1% | 47.2% | 46.8% | 49.5% | 52.4% |
| Debt/Equity | 1.14 | 1.20 | 1.27 | 1.25 | 1.32 | 1.22 |
| Dividends/Share | $1.99 | $2.08 | $1.98 | $1.88 | $1.79 | $1.70 |
| Operating Income | 494M | 555M | 512M | 396M | 397M | 378M |
| Operating Margin | 14.0% | 15.5% | 14.9% | 13.5% | 15.0% | 15.8% |
| ROE | 6.1% | 7.7% | 8.8% | 7.5% | 8.5% | 9.2% |
| Shares Outstanding | 116M | 110M | 104M | 98M | 90M | 90M |
| Metric | 2018 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.9B | 1.9B | 1.9B | 2.0B | 2.0B | 2.1B | 2.1B | 2.4B | 2.6B | 2.9B | 3.4B | 3.6B | 3.5B |
| Gross Margin | 48.3% | 65.2% | 52.7% | 55.0% | 56.4% | 55.6% | 53.2% | 52.4% | 49.5% | 46.8% | 47.2% | 49.1% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 227M | 241M | 240M | 260M | 271M | 290M | 283M | 336M | 340M | 341M | 403M | 392M | 402M |
| EBIT | 293M | 309M | 340M | 380M | 346M | 353M | 269M | 378M | 397M | 396M | 512M | 555M | 494M |
| Op. Margin | 15.4% | 16.3% | 17.7% | 18.9% | 17.4% | 16.6% | 12.5% | 15.8% | 15.0% | 13.5% | 14.9% | 15.5% | 14.0% |
| Net Income | 175M | 172M | 193M | 187M | 212M | 214M | 155M | 244M | 233M | 228M | 313M | 306M | 251M |
| Net Margin | 9.2% | 9.1% | 10.0% | 9.3% | 10.6% | 10.1% | 7.2% | 10.2% | 8.8% | 7.8% | 9.1% | 8.6% | 7.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 5.2% | 6.0% | 5.9% | 5.5% | 6.6% | 6.2% | 5.0% | 6.0% | 5.6% | 4.8% | 5.7% | 5.5% | 4.8% |
| ROE | 9.2% | 8.3% | 8.4% | 7.9% | 8.6% | 8.4% | 6.0% | 9.2% | 8.5% | 7.5% | 8.8% | 7.7% | 6.1% |
| ROA | 2.5% | 2.4% | 2.6% | 2.4% | 2.7% | 2.6% | 1.8% | 2.6% | 2.3% | 2.1% | 2.6% | 2.4% | 1.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 518M | 520M | 562M | 597M | 630M | 546M | 567M | 532M | 674M | 420M | 778M | 1.1B | 1.2B |
| Free Cash Flow | -489M | -78M | -22M | 83M | 35M | -60M | -217M | -104M | -92M | -938M | -490M | -71M | 66M |
| Owner Earnings | 211M | 209M | 235M | 245M | 243M | 128M | 102M | 114M | 242M | -55M | 258M | 524M | 557M |
| CapEx | 1.0B | 598M | 584M | 514M | 595M | 606M | 784M | 636M | 766M | 1.4B | 1.3B | 1.2B | 1.1B |
| Maint. CapEx | 301M | 305M | 321M | 345M | 382M | 409M | 454M | 404M | 417M | 458M | 496M | 578M | 582M |
| Growth CapEx | 706M | 293M | 263M | 169M | 213M | 197M | 330M | 232M | 349M | 900M | 772M | 611M | 507M |
| D&A | 301M | 305M | 321M | 345M | 382M | 409M | 454M | 404M | 417M | 458M | 496M | 578M | 582M |
| CapEx/OCF | 193.7% | 115.0% | 103.9% | 86.1% | 94.4% | 111.0% | 138.3% | 119.5% | 113.6% | 323.3% | 163.0% | 106.4% | 94.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 87M | 97M | 110M | 118M | 125M | 134M | 140M | 150M | 158M | 179M | 200M | 225M | 230M |
| Dividend Yield | 5.0% | 4.7% | 4.3% | 4.0% | 4.3% | 3.7% | 4.3% | 4.2% | 4.1% | 4.5% | 4.7% | 4.8% | 3.8% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12M | 18M | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.3% | 0.5% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 6.0M | 6.0M | 6.0M | 7.0M | 5.0M | 9.0M | 11M | 14M | 15M | 17M | 24M | 16M | 16M |
| Debt Repayment | 0 | 442M | 133M | 150M | 24M | 350M | 98M | 160M | 0 | 260M | 130M | 170M | 170M |
| Balance Sheet | |||||||||||||
| Net Debt | 2.2B | 2.2B | 2.3B | 2.4B | 2.4B | 2.6B | 3.0B | 3.2B | 3.5B | 4.1B | 4.8B | 4.9B | 4.7B |
| Cash & Equiv. | 127M | 4.0M | 6.0M | 39M | 119M | 30M | 257M | 52M | 165M | 5.0M | 12M | 76M | 18M |
| Long-Term Debt | 2.1B | 2.1B | 2.2B | 2.4B | 2.2B | 2.6B | 2.9B | 3.3B | 3.4B | 3.9B | 4.4B | 4.7B | 4.7B |
| Debt/Equity | 1.31 | 0.98 | 1.00 | 1.00 | 0.99 | 1.02 | 1.24 | 1.22 | 1.32 | 1.25 | 1.27 | 1.20 | 1.14 |
| Interest Coverage | 3.1 | 2.7 | 3.0 | 3.2 | 2.8 | 2.8 | 2.0 | 2.8 | 2.5 | 2.3 | 2.4 | 2.4 | 2.1 |
| Equity | 1.9B | 2.3B | 2.3B | 2.4B | 2.5B | 2.6B | 2.6B | 2.7B | 2.8B | 3.3B | 3.8B | 4.1B | 4.1B |
| Total Assets | 7.0B | 7.2B | 7.5B | 7.8B | 8.1B | 8.4B | 9.1B | 9.5B | 10.5B | 11.2B | 12.5B | 13.2B | 13.2B |
| Total Liabilities | 5.1B | 5.0B | 5.2B | 5.4B | 5.6B | 5.8B | 6.5B | 6.8B | 7.7B | 7.9B | 8.8B | 9.1B | 9.1B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 1.0B | 1.1B | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B | 1.5B | 1.5B | 1.6B | 1.7B | 1.8B | 1.7B |
| Working Capital | -174M | -69M | -114M | 94M | -148M | -19M | -94M | -80M | -286M | -177M | -94M | 79M | 81M |
| Current Assets | 699M | 557M | 463M | 526M | 643M | 500M | 721M | 688M | 1.2B | 935M | 1.0B | 1.1B | 1.0B |
| Current Liabilities | 873M | 626M | 577M | 432M | 791M | 519M | 815M | 768M | 1.5B | 1.1B | 1.1B | 993M | 929M |
| Per Share Data | |||||||||||||
| EPS | 2.18 | 2.04 | 2.16 | 2.10 | 2.37 | 2.39 | 1.72 | 2.72 | 2.60 | 2.33 | 3.01 | 2.77 | 2.24 |
| Owner EPS | 2.63 | 2.48 | 2.63 | 2.75 | 2.72 | 1.43 | 1.13 | 1.27 | 2.70 | -0.56 | 2.48 | 4.74 | 4.81 |
| Book Value | 23.81 | 26.78 | 26.23 | 27.13 | 28.02 | 28.94 | 29.00 | 30.18 | 31.01 | 33.92 | 36.49 | 37.41 | 35.60 |
| Cash Flow/Share | 6.45 | 6.17 | 6.29 | 6.70 | 7.04 | 6.10 | 6.29 | 5.93 | 7.52 | 4.29 | 7.48 | 10.12 | 7.20 |
| Dividends/Share | 1.12 | 1.18 | 1.26 | 1.34 | 1.43 | 1.52 | 1.59 | 1.70 | 1.79 | 1.88 | 1.98 | 2.08 | 1.99 |
| Shares Out. | 80.3M | 84.3M | 89.4M | 89.0M | 89.5M | 89.5M | 90.1M | 89.7M | 89.6M | 97.9M | 104.0M | 110.5M | 115.7M |
| Valuation | |||||||||||||
| P/E Ratio | 12.1 | 12.5 | 14.2 | 16.0 | 14.6 | 18.2 | 19.9 | 16.2 | 16.5 | 17.0 | 13.8 | 17.2 | 23.2 |
| P/FCF | N/A | N/A | N/A | 36.0 | 88.4 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 91.3 |
| EV/EBIT | 14.9 | 14.1 | 14.9 | 14.0 | 15.8 | 18.3 | 22.4 | 19.0 | 18.4 | 20.2 | 17.6 | 17.7 | 21.7 |
| Price/Book | 2.1 | 1.0 | 1.2 | 1.2 | 1.2 | 1.5 | 1.2 | 1.5 | 1.4 | 1.2 | 1.1 | 1.3 | 1.5 |
| Price/Sales | 0.9 | 1.1 | 1.3 | 1.5 | 1.5 | 1.7 | 1.5 | 1.5 | 1.4 | 1.4 | 1.2 | 1.3 | 1.7 |
| FCF Yield | -23.1% | -3.6% | -0.8% | 2.8% | 1.1% | -1.5% | -7.0% | -2.6% | -2.4% | -24.2% | -11.4% | -1.4% | 1.1% |
| Market Cap | 2.1B | 2.2B | 2.7B | 3.0B | 3.1B | 3.9B | 3.1B | 4.0B | 3.8B | 3.9B | 4.3B | 5.3B | 6.0B |
| Avg. Price | 21.87 | 24.62 | 28.87 | 33.15 | 32.57 | 40.98 | 36.21 | 39.52 | 42.70 | 40.87 | 41.28 | 42.28 | 52.05 |
| Year-End Price | 26.35 | 25.54 | 30.70 | 33.56 | 34.60 | 43.42 | 34.26 | 44.15 | 42.88 | 39.59 | 41.50 | 47.57 | 52.05 |
PORTLAND GENERAL ELECTRIC CO /OR/ passes 3 of 9 quality checks, indicating weak fundamentals.
PORTLAND GENERAL ELECTRIC CO /OR/ trades at 18.8x trailing earnings, compared to its 15-year median P/E of 16.4x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 5.5% with a gross margin of 49.0%. Total shareholder yield (dividends) is 3.8%. At current prices, the estimated annualized return to fair value is -22.9%.
PORTLAND GENERAL ELECTRIC CO /OR/ (POR) reported annual revenue of $3.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
PORTLAND GENERAL ELECTRIC CO /OR/ (POR) has a net profit margin of 8.6%. This is a modest margin.
PORTLAND GENERAL ELECTRIC CO /OR/ (POR) generated $-71 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
PORTLAND GENERAL ELECTRIC CO /OR/ (POR) has a debt-to-equity ratio of 1.20. This indicates moderate leverage.
PORTLAND GENERAL ELECTRIC CO /OR/ (POR) reported earnings per share (EPS) of $2.77 in its most recent fiscal year.
PORTLAND GENERAL ELECTRIC CO /OR/ (POR) has a return on equity (ROE) of 7.7%. This indicates moderate shareholder returns.
PORTLAND GENERAL ELECTRIC CO /OR/ (POR) has a 5-year average gross margin of 49.0%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for PORTLAND GENERAL ELECTRIC CO /OR/ (POR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PORTLAND GENERAL ELECTRIC CO /OR/ (POR) has a book value per share of $37.41, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management is advancing multiple strategic priorities to drive long-term value creation, including the proposed acquisition of PacifiCorp's Washington utility operations (expected to close mid-2027), the formation of a holding company and transmission company to enhance financing flexibility, and execution of a comprehensive cost management program that exceeded 2025 targets by approximately $25 million. The company anticipates continued robust industrial and data center load growth, with weather-adjusted load growth guidance of 1.5% to 2.5% for 2026 and long-term growth of 3% through 2030, supported by existing customer contracts and civil work already underway. PGE is advancing its 2025 Request for Proposals to procure approximately 2,500 MW of diverse generation and storage projects, with contract execution expected beginning in 2027, while maintaining disciplined capital allocation focused on transmission expansion, distribution optimization, and generation fleet reliability. The company remains committed to maintaining a competitive dividend aligned with a 60%-70% payout target while supporting continued rate-based investment and progressing toward its authorized capital structure, with management expecting the cost management program to continue delivering efficiencies and supporting earnings performance within its guidance range.
Based on recent SEC filings and earnings calls, PORTLAND GENERAL ELECTRIC CO /OR/ (POR) has provided the following forward guidance: Earnings per diluted share: $3.33–$3.53 (FY2026); Long-term earnings and dividend growth: 5%–7% (Through 2030); Weather-adjusted load growth: 1.5%–2.5% (FY2026); Long-term load growth: 3% (Through 2030); 2025 RFP procurement target: Approximately 2,500 MW (Projects to be in service by end of 2027).
No recent press releases.