Portland GE (POR) AI Stock Analysis

• Market Cap: $5.46B
• Dividend Yield: 4.22%
• Average Volume (3M): 1.30M
• Price to Earnings (P/E): 17.6
• Beta (1Y): 0.05
• Revenue Growth: 7.53%
• EPS Growth: -17.59%
• Country: US
• Employees: 2,915
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Electric
• EPS (TTM): 1.00
• Shares Outstanding: 112,488,950
• 10 Day Avg. Volume: 918,753
• 30 Day Avg. Volume: 1,302,572
• PEG Ratio: 0.50
• Price to Book (P/B): 1.20
• Price to Sales (P/S): 1.32
• P/FCF Ratio: -9.25
• Enterprise Value/Market Cap: 1.78
• Enterprise Value/Revenue: 2.84
• Enterprise Value/Gross Profit: 6.40
• Enterprise Value/Ebitda: 8.73
• 1Y Price Target: $46.70
• Price Target Upside: -3.85% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 10
• EPS Forecast (FY): 3.25
• Revenue Forecast (FY): $3.59B

• Rating: 71 Outperform
• Price Target: $54.00 ▲(11.18% Upside)

Portland GE's overall stock score reflects a stable financial performance with strong profitability and operational efficiency. The technical analysis indicates positive momentum, and the valuation is attractive with a solid dividend yield. The earnings call and corporate events further bolster the company's outlook, despite some regulatory challenges.

Positive Factors

Robust Load Growth

The significant increase in load, particularly from industrial customers, indicates strong demand and potential for sustained revenue growth, driven by sectors like data centers and high-tech industries.

Successful Tax Credit Monetization

Monetizing tax credits enhances financial flexibility and supports investment in renewable energy projects, aligning with strategic goals for sustainable growth and regulatory compliance.

Capital and Liquidity Position

Strong liquidity supports operational stability and provides the company with the ability to invest in infrastructure and manage unforeseen expenses, ensuring long-term resilience.

Negative Factors

Regulatory Challenges

Regulatory challenges can lead to increased costs and operational delays, impacting the company's ability to execute its strategic initiatives and potentially affecting profitability.

Potential Regulatory Lag

Regulatory lag can delay the realization of returns on investments, affecting cash flow and financial performance, and may hinder the company's ability to respond swiftly to market changes.

Wildfire Risk Management

Ongoing wildfire risk poses operational and financial threats, requiring significant resources for mitigation and compliance, potentially straining financial and managerial capacities.

Portland GE Business Overview & Revenue Model

Company Description

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2021, the company owned an electric transmission system consisting of 1,274 circuit miles, including 287 circuit miles of 500 kilovolt line, 415 circuit miles of 230 kilovolt line, and 572 miles of 115 kilovolt line. It has 28,206 circuit miles of distribution lines. The company also purchases and sells wholesale natural gas in the United States and Canada. It serves approximately 917 thousand residential, commercial, and industrial customers in 51 cities. The company was founded in 1889 and is headquartered in Portland, Oregon.

How the Company Makes Money

Portland General Electric generates revenue primarily through the sale of electricity to its customers, which includes residential, commercial, and industrial clients. The company operates under a regulated rate structure, meaning that its prices are approved by state regulatory bodies. Key revenue streams include retail electricity sales, which account for the majority of its income. Additionally, POR earns revenue from transmission and distribution services, as well as ancillary services that support grid reliability. Partnerships with renewable energy developers also contribute to its revenue, as the company invests in and purchases power from renewable sources like wind and solar. Factors contributing to its earnings include regulatory frameworks, demand for electricity, and the ongoing transition to cleaner energy solutions.

Portland GE Financial Statement Overview

Summary

Portland GE shows stable financial performance with strong profitability margins and operational efficiency. However, challenges exist in revenue growth and cash flow management, alongside a high leverage ratio that requires careful monitoring.

Income Statement

Portland GE's income statement shows a mixed performance. The TTM (Trailing-Twelve-Months) data indicates a slight decline in revenue growth, with a negative growth rate of -1.46%. However, the company maintains a healthy gross profit margin of 44.31% and a net profit margin of 8.82%. EBIT and EBITDA margins are stable at 17.20% and 33.31%, respectively, indicating efficient operational management. Despite the revenue dip, profitability margins remain robust, suggesting resilience in core operations.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio is relatively high at 1.27, indicating significant leverage, which could pose risks if not managed properly. Return on equity stands at 7.85%, showing moderate profitability from shareholders' investments. The equity ratio is 30.35%, suggesting a balanced asset structure but with room for improvement in reducing debt levels.

Cash Flow

Cash flow analysis reveals challenges, particularly with free cash flow, which is negative in the TTM period. The free cash flow to net income ratio is -6.59, highlighting cash flow issues. Operating cash flow to net income ratio is 0.17, indicating limited cash generation from operations relative to net income. Despite these challenges, there is a significant free cash flow growth rate of 331.15%, suggesting potential improvement in cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.44B	3.44B	2.92B	2.65B	2.40B	2.15B
Gross Profit	1.52B	1.59B	1.36B	1.31B	1.26B	1.14B
EBITDA	1.12B	1.02B	860.00M	828.00M	777.00M	718.00M
Net Income	303.00M	313.00M	228.00M	233.00M	244.00M	155.00M
Balance Sheet
Total Assets	13.01B	12.54B	11.21B	10.46B	9.49B	9.07B
Cash, Cash Equivalents and Short-Term Investments	137.00M	12.00M	5.00M	165.00M	52.00M	257.00M
Total Debt	5.02B	5.17B	4.46B	3.98B	3.60B	3.38B
Total Liabilities	9.06B	8.75B	7.89B	7.68B	6.79B	6.46B
Stockholders Equity	3.95B	3.79B	3.32B	2.78B	2.71B	2.61B
Cash Flow
Free Cash Flow	-151.00M	-490.00M	-938.00M	-92.00M	-104.00M	-217.00M
Operating Cash Flow	1.14B	778.00M	420.00M	674.00M	532.00M	567.00M
Investing Cash Flow	-1.31B	-1.30B	-1.36B	-758.00M	-656.00M	-787.00M
Financing Cash Flow	275.00M	526.00M	778.00M	197.00M	-81.00M	447.00M

Portland GE Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 48.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For POR, the sentiment is Positive. The current price of 48.57 is below the 20-day moving average (MA) of 49.55, above the 50-day MA of 46.71, and above the 200-day MA of 42.77, indicating a neutral trend. The MACD of 0.73 indicates Positive momentum. The RSI at 49.87 is Neutral, neither overbought nor oversold. The STOCH value of 12.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for POR.

Portland GE Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
POR	71 Outperform	$5.46B	17.62	7.99%	4.22%	7.53%	-17.59%
OGE	67 Neutral	$8.91B	17.39	10.69%	3.82%	18.03%	29.46%
PNW	66 Neutral	$10.55B	18.11	8.62%	4.08%	5.70%	-8.25%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
IDA	61 Neutral	$6.85B	21.77	9.41%	2.73%	-1.58%	8.49%
TXNM	60 Neutral	$6.34B	34.03	6.02%	2.80%	10.65%	-10.67%
ENIC	56 Neutral	$5.58B	78.09	1.30%	5.81%	-25.78%	-91.93%

Portland GE Corporate Events

Portland GE Reports Q3 2025 Financial Results

Portland General Electric announced its third-quarter 2025 financial results, reporting GAAP earnings of $0.94 per diluted share and non-GAAP earnings of $1.00 per diluted share, driven by increased demand from data center customers. The company reaffirmed its 2025 adjusted earnings guidance and highlighted its ongoing efforts in resource procurement and regulatory updates, including a significant revenue requirement increase for its Seaside Battery Energy Storage System.

Oregon Approves Cost Recovery for Portland GE Project

On October 21, 2025, the Public Utility Commission of Oregon approved Portland General Electric’s request to recover costs associated with the Seaside Battery Energy Storage System, a significant project that began serving customers in July 2025. The order includes a rate base increase of $220 million and an annual revenue requirement increase of $42 million, impacting customer prices from October 31, 2025. This decision, supported by a memorandum of understanding with key stakeholders, positions PGE to enhance its financial returns while integrating renewable energy storage solutions.

Portland GE Updates Bidder Shortlist for 2023 RFP

On October 1, 2025, Portland General Electric Company submitted a regulatory filing to the Public Utility Commission of Oregon to acknowledge an updated final shortlist of bidders for the 2023 All-Source Request for Proposal. This update follows the July 4, 2025 passage of House Resolution 1, which allowed bidders to refresh their pricing. The shortlist aims to meet PGE’s resource needs and support Oregon’s decarbonization goals, with projects expected to be in service by the end of 2027. The updated shortlist is part of PGE’s broader procurement strategy, which includes additional renewable energy and non-emitting capacity initiatives. However, the projects face risks such as regulatory processes, inflation, and supply chain constraints.