Company research
PUGET ENERGY INC /WA
CIK 1085392Updated Sep 29, 2026
Filing activity
Latest filing
50 filings on record · 8-K, EFFECT, 424B3, CORRESP, UPLOAD, S-4.
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
EFFECT filing
424B3 filing
CORRESP filing
UPLOAD filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 20,906,793,000Source | 18,960,391,000Source | 17,732,453,000Source | 17,187,514,000Source |
| GoodwillUSD | 1,656,513,000Source | 1,656,513,000Source | 1,656,513,000Source | 1,656,513,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 40,484,000Source | 101,836,000Source | 148,548,000Source | 105,740,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 511,163,000Source | 538,930,000Source | 546,701,000Source | 673,236,000Source |
| Assets, CurrentUSD | 1,515,055,000Source | 1,408,018,000Source | 1,432,435,000Source | 1,997,995,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 132,669,000Source | 83,851,000Source | 76,279,000Source | 41,940,000Source |
| Operating Lease, Right-of-Use AssetUSD | 460,990,000Source | 181,397,000Source | 194,321,000Source | 193,509,000Source |
| Other Assets, NoncurrentUSD | 372,230,000Source | 310,094,000Source | 259,291,000Source | 180,204,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Additional Paid in CapitalUSD | 3,816,332,000Source | 3,816,332,000Source | 3,523,532,000Source | 3,523,532,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,815,186,000Source | 1,508,705,000Source | 1,419,311,000Source | 1,465,331,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 75,829,000Source | 43,168,000Source | 17,539,000Source | -24,774,000Source |
| Stockholders' Equity Attributable to ParentUSD | 5,707,347,000Source | 5,368,205,000Source | 4,960,382,000Source | 4,964,089,000Source |
| Liabilities and EquityUSD | 20,906,793,000Source | 18,960,391,000Source | 17,732,453,000Source | 17,187,514,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,992,702,000Source | 1,982,072,000Source | 1,566,718,000Source | 1,563,474,000Source |
| Operating Lease, Liability, CurrentUSD | 104,240,000Source | 22,761,000Source | 21,629,000Source | 20,342,000Source |
| Accounts Payable, CurrentUSD | 642,044,000Source | 549,710,000Source | 455,942,000Source | 665,750,000Source |
| Operating Lease, Liability, NoncurrentUSD | 365,359,000Source | 166,700,000Source | 180,754,000Source | 181,265,000Source |
| Deferred Income Tax Liabilities, NetUSD | 941,823,000Source | 997,680,000Source | 950,229,000Source | 985,947,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 941,823,000Source | 997,680,000Source | 950,229,000Source | 985,947,000Source |
| Long-term Debt, Current MaturitiesUSD | 0Source | 417,000,000Source | — | 0Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 8,525,032,000Source | 7,423,919,000Source | 7,036,642,000Source | 6,663,373,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 851,328,000Source | 787,986,000Source | 751,335,000Source | 663,232,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts PayableUSD | 73,049,000Source | 79,184,000Source | -244,030,000Source | 237,260,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 1,061,103,000Source | 822,823,000Source | 1,053,395,000Source | 769,618,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,767,666,000Source | -1,607,843,000Source | -1,452,518,000Source | -1,005,280,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -4,162,000Source | -1,872,000Source | -14,047,000Source | 567,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 724,715,000Source | 711,146,000Source | 444,913,000Source | 301,297,000Source |
| Dividends paid | — | — | — | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | 25,516,000Source | 20,015,000Source | 25,685,000Source | 18,152,000Source |
| Repayments of Long-term DebtUSD | 417,000,000Source | 0Source | 0Source | 450,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 18,152,000Source | -73,874,000Source | 45,790,000Source | 65,635,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 158,853,000Source | 140,701,000Source | 214,575,000Source | 168,785,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 401,623,000Source | 376,317,000Source | 339,677,000Source | 320,656,000Source |
| Income Taxes Paid, NetUSD | 22,496,000Source | 37,065,000Source | 71,817,000Source | 46,785,000Source |
| Additional Financial Items | ||||
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 0Source | 33,911,000Source | -284,495,000Source | 261,177,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | 0Source |
| GoodwillUSD | 1,656,513,000Source | 1,656,513,000Source | 1,656,513,000Source | 1,656,513,000Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 54,167,000Source | 30,723,000Source | -27,434,000Source | 59,698,000Source |
| Net Income (Loss) Attributable to ParentUSD | 369,368,000Source | 265,255,000Source | 53,740,000Source | 414,345,000Source |
| Operating ExpensesUSD | 4,660,649,000Source | 4,249,019,000Source | 4,485,508,000Source | 3,443,523,000Source |
| Proceeds from Contributions from ParentUSD | 0Source | 292,800,000Source | 0Source | 0Source |
| Proceeds from Issuance of Long-term DebtUSD | 1,091,725,000Source | 793,892,000Source | 396,488,000Source | 448,075,000Source |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of EquityUSD | 62,555,000Source | 59,466,000Source | 39,012,000Source | 28,310,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 4,852,387,000Source | 4,730,279,000Source | 4,134,805,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | 0Source | 33,911,000Source | -284,495,000Source | 261,177,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 5,416,333,000Source | 4,856,215,000Source | 4,816,574,000Source | 4,221,162,000Source |
| Operating Income (Loss)USD | 755,684,000Source | 607,196,000Source | 331,066,000Source | 777,639,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 423,535,000Source | 295,978,000Source | 26,306,000Source | 474,043,000Source |
| Income Tax Expense (Benefit)USD | 54,167,000Source | 30,723,000Source | -27,434,000Source | 59,698,000Source |
| Net Income (Loss) Attributable to ParentUSD | 369,368,000Source | 265,255,000Source | 53,740,000Source | 414,345,000Source |
| Additional Financial Items | ||||
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 0Source | 33,911,000Source | -284,495,000Source | 261,177,000Source |
| Interest Expense, DebtUSD | 468,902,000Source | 432,194,000Source | 381,511,000Source | 347,921,000Source |
| Operating ExpensesUSD | 4,660,649,000Source | 4,249,019,000Source | 4,485,508,000Source | 3,443,523,000Source |
| Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of EquityUSD | 62,555,000Source | 59,466,000Source | 39,012,000Source | 28,310,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | — | 4,852,387,000Source | 4,730,279,000Source | 4,134,805,000Source |
| Utilities Operating Expense, Gas and Petroleum PurchasedUSD | 555,672,000Source | 679,433,000Source | 641,371,000Source | 500,849,000Source |
| Utilities Operating Expense, Maintenance, Operations, and Other Costs and ExpensesUSD | 922,224,000Source | 785,088,000Source | 735,278,000Source | 665,259,000Source |
Offerings
Registration 333-295883
Registration 333-287026
Filing attachments
d209730dex410.htm · S-4 · 2026-05-14
EX-4.10 3 d209730dex410.htm EX-4.10 EX-4.10 EXHIBIT 4.10 [FORM OF FACE OF EXCHANGE NOTE] PUGET ENERGY, INC. 7.250% FIXED-TO-FIXED RESET RATE JUNIOR SUBORDINATED NOTE, DUE 2056, SERIES B UNLESS THIS GLOBAL NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO PUGET ENERGY, INC. (THE “COMPANY”) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SU…
Read attachment ↗d209730dex49.htm · S-4 · 2026-05-14
EX-4.9 2 d209730dex49.htm EX-4.9 EX-4.9 EXHIBIT 4.9 [FORM OF FACE OF EXCHANGE NOTE] PUGET ENERGY, INC. 7.000% FIXED-TO-FIXED RESET RATE JUNIOR SUBORDINATED NOTE, DUE 2056, SERIES A UNLESS THIS GLOBAL NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO PUGET ENERGY, INC. (THE “COMPANY”) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OT…
Read attachment ↗d209730dex991.htm · S-4 · 2026-05-14
EX-99.1 7 d209730dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 PUGET ENERGY, INC. LETTER OF TRANSMITTAL FOR TENDER OF ALL OUTSTANDING $450,000,000 7.000% FIXED-TO-FIXED RESET RATE JUNIOR SUBORDINATED NOTES DUE 2056, SERIES A IN EXCHANGE FOR REGISTERED $450,000,000 7.000% FIXED-TO-FIXED RESET RATE JUNIOR SUBORDINATED NOTES DUE 2056, SERIES A AND $450,000,000 7.250% FIXED-TO-FIXED RESET RATE JUNIOR SUBORDINATED NOTES DUE 2056, SERIES B IN EXCHANGE FOR REGISTERED $450,000,000 7.250% FIXE…
Read attachment ↗d209730dex992.htm · S-4 · 2026-05-14
EX-99.2 8 d209730dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 PUGET ENERGY, INC. NOTICE OF GUARANTEED DELIVERY FOR TENDER OF ALL OUTSTANDING $450,000,000 7.000% FIXED-TO-FIXED RESET RATE JUNIOR SUBORDINATED NOTES DUE 2056, SERIES A IN EXCHANGE FOR REGISTERED $450,000,000 7.000% FIXED-TO-FIXED RESET RATE JUNIOR SUBORDINATED NOTES DUE 2056, SERIES A AND $450,000,000 7.250% FIXED-TO-FIXED RESET RATE JUNIOR SUBORDINATED NOTES DUE 2056, SERIES B IN EXCHANGE FOR REGISTERED $450,000,000 7.2…
Read attachment ↗d46735dex41.htm · 8-K · 2026-03-27
EX-4.1 2 d46735dex41.htm EX-4.1 EX-4.1 Exhibit 4.1 PUGET ENERGY, INC., Issuer TO COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, Trustee Junior Subordinated Indenture Dated as of March 27, 2026 PUGET ENERGY, INC. Reconciliation and tie between Trust Indenture Act of 1939 and Indenture, dated as of March 27, 2026 Trust Indenture Act Section Indenture Section §310 (a)(1) 909 (a)(2) 909 (a)(3) 9…
Read attachment ↗d46735dex42.htm · 8-K · 2026-03-27
EX-4.2 3 d46735dex42.htm EX-4.2 EX-4.2 Exhibit 4.2 FIRST SUPPLEMENTAL INDENTURE BETWEEN PUGET ENERGY, INC. AND COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION TRUSTEE DATED AS OF MARCH 27, 2026 7.000% FIXED-TO-FIXED RESET RATE JUNIOR SUBORDINATED NOTES DUE 2056, SERIES A 7.250% FIXED-TO-FIXED RESET RATE JUNIOR SUBORDINATED NOTES DUE 2056, SERIES B TABLE OF CONTENTS …
Read attachment ↗