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Puget Energy earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026
Q3 2026 Revenue up 14% year over year to $1.3B · 0¢ of every $1 of revenue kept as net profit · operating margin 8.1%
Puget Energy made $1.3B in Q3 2026 (+14% Y/Y). Operating margin 8.1%, net earnings $2.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
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Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.3B in Q3 2026, up 14% year over year.
Operating profit was $0.11B, a 8.1% margin (down 0.3 points year over year). Of the extra revenue versus Q3 2025, 6% reached operating profit, below the 8% margin then. Total costs grew 15% against revenue growth of 14%. Net earnings were $2.1M, down 66% year over year. The effective tax rate was -11.9%.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $1.3B | +14% | 8.1% | $2.1M | — |
| Q2 2026 | 10-Q | Jul 29, 2026 | $1.3B | +17% | 12.0% | $49.7M | $393M |
| Q1 2026 | 10-Q | May 14, 2026 | $1.8B | +15% | 18.2% | $223M | $398M |
| Q4 2025 | 10-K | Feb 19, 2026 | $1.5B | +12% | 17.8% | $151M | $199M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $1.2B | +24% | 8.4% | $6.3M | $286M |
| Q2 2025 | 10-Q | Jul 30, 2025 | $1.1B | +13% | 11.1% | $44.2M | $179M |
| Q1 2025 | 10-Q | May 7, 2025 | $1.6B | +3% | 16.3% | $168M | $397M |
Charts
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🌏Named in Asian annual reportsinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Puget Energy
Puget Energy is an energy services holding company incorporated in the state of Washington in 1999. Substantially all of its operations are conducted through its regulated subsidiary, Puget Sound Energy, Inc. (PSE), a utility company. Puget Energy also has a wholly-owned, non-regulated subsidiary, Puget LNG, LLC (Puget LNG), which was formed in 2016 and has the sole purpose of owning and operating the non-regulated activity of a liquefied natural gas (LNG) facility at the Port of Tacoma, Washington. Puget Energy is owned through a holding company structure by Puget Holdings, LLC (Puget Holdings). All of Puget Energy's common stock is indirectly owned by Puget Holdings.
In its own words, from its 10-K, filed Feb 19, 2026.
Puget Energy against its Electric Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +14% against the peers' median +14%. Operating margin: 8.1% against the peers' median 26.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| Puget Energy | Q3 2026 | $1.3B | +14% | 8.1% |
| Southern Power | Q3 2026 | $8.8B | +13% | 33.9% |
| NEE NextEra Energy | Q3 2026 | $8.1B | +2% | 32.4% |
| Florida Power & Light | Q2 2026 | $7.5B | +12% | 29.7% |
| CEG Constellation Energy | Q2 2026 | $7.5B | +23% | 7.7% |
| NRG NRG Energy | Q2 2026 | $7.5B | +11% | 13.0% |
| AEP Texas | Q3 2026 | $6.8B | +14% | 26.5% |
| VST Vistra | Q3 2026 | $6.3B | +28% | 26.9% |
| D Dominion Energy | Q3 2026 | $5.6B | +24% | 32.8% |
Source: Puget Energy 10-Q on SEC EDGAR · CIK 1085392 · Electric Services