Short answer
PORTLAND GENERAL ELECTRIC CO /OR/ (POR) filed its fiscal 2025 10-K annual report with the SEC on Feb 17, 2026. It reported revenue of $3.6B (+4.0% year over year) and net income of $306M.
- Top risk flagged: Regulatory risk from inflation and financing cost impacts on capital expenditures estimates through 2030
FY2025 key financial metrics · XBRL
- Revenue
- $3.6B
- +4.0% YoY
- Net income
- $306M
- −2.2% YoY
- Operating margin
- 15.5%
- +0.6 pp YoY
- EPS (diluted)
- $2.77
- −8.0% YoY
- ROE
- 7.4%
- −0.8 pp YoY
- Operating cash flow
- $1.1B
- +43.7% YoY
Source: XBRL data from the PORTLAND GENERAL ELECTRIC CO /OR/ (POR) FY2025 10-K on SEC EDGAR. USD.
PORTLAND GENERAL ELECTRIC CO /OR/ FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Electric utility providing generation, transmission, and distribution services primarily in Oregon
- No new products, services, or segments introduced or emphasized this year in disclosed text
- No strategic shifts or changes in competitive positioning detailed in this filing section
- Key governance info references proxy statement for security ownership, related transactions, and auditor fees
- Filing incorporates significant disclosures by reference; no standalone business narrative presented in this section
Management Discussion & Analysis
- No best/worst segment performance data provided
- Long-term debt issuance $310M in 2025; repayments $170M; total long-term debt $4,662M at year-end
- Revolving credit facility capacity $750M unused; letters of credit outstanding $192M; total liquidity $954M as of 12/31/2025
- Management cites stable credit ratings, sufficient liquidity; new equity program planned in early 2026 for renewable investments
Risk Factors
- Regulatory risk from inflation and financing cost impacts on capital expenditures estimates through 2030
- Macroeconomic exposure to inflation affecting material and labor costs for $1.7B capital expenditures in 2026
- Operational risk in funding $1.7B 2026 capital expenditures reliant on up to $350M debt and $300M equity issuances
- Competitive risk from market conditions influencing timing of $1.1B to $1.2B cash flow for capital funding
- Financial risk due to long-term debt maturities totaling $170M in 2025 and $785M from 2027 to 2030
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