In vitro blood O2 equilibrium curves were constructed at 9, 15, 18, and 21 °C from temperature-acclimated northern squawfish, Ptychocheilus oregonensis. At low [Formula: see text] (<1 mm Hg, 1 mm Hg = 133.32 Pa), P50s generally showed variable increases with temperature from 3.6 mm Hg at 9 °C to 8.7 mm Hg at 21 °C, leading to whole-blood temperature effects (ΔH, kilocalories per mole O2) ranging from a low +4.4 at 15–18 °C to a peak −21.2 at 18–21 °C. High-[Formula: see text] (7.6 mm Hg) conditions decreased blood pH and increased P50s at each temperature (Bohr factor). Bohr factors (Φ) ranged from −0.46 at 21 °C to −0.70 at 18 °C. Considered together, ΔH and Φ values suggest an optimal temperature range of 15–18 °C for hemoglobin O2 loading and unloading in northern squawfish. Nonbicarbonate buffer values ranged from −10.04 at 21 °C to −14.13 at 9 °C. Overall, the high O2 affinities and hyperbolic blood O2 equilibrium curves of northern squawfish resemble those of other large cyprinids (e.g., common carp, Cyprinus carpio, tench, Tinca tinca, Sacramento blackfish, Orthodon microlepidotus) indicating a better ability to tolerate hypoxic environments than sympatric rainbow trout, Oncorhynchus mykiss. High northern squawfish blood O2 capacities and Φs suggest high aerobic capacity, especially at temperatures <21 °C.