| Disaggregation of Revenue |
The following tables present disaggregated revenue from contracts with customers, and other revenue by major source for the three months ended June 30, 2026 and June 30, 2025:
| | | | | | | | | | | | | | | | | | | | | | | | Puget Energy and Puget Sound Energy | | | | | | | | (Dollars in Thousands) | Three Months Ended June 30, 2026 | Revenue from contracts with customers: | Electric | | Natural Gas | | Other | | Total | Retail | | | | | | | | Residential | $ | 499,231 | | | $ | 166,983 | | | $ | — | | | $ | 666,214 | | Commercial | 377,823 | | | 90,135 | | | — | | | 467,958 | | Industrial | 44,578 | | | 5,438 | | | — | | | 50,016 | | Other | 7,262 | | | — | | | — | | | 7,262 | | Wholesale | 9,188 | | | — | | | — | | | 9,188 | | Transmission and transportation | 12,219 | | | 9,827 | | | — | | | 22,046 | | Miscellaneous1 | 57,984 | | | 18,023 | | | 57 | | | 76,064 | | Total revenue from contracts with customers | $ | 1,008,285 | | | $ | 290,406 | | | $ | 57 | | | $ | 1,298,748 | | Total other revenue2 | 6,870 | | | (1,702) | | | — | | | 5,168 | | Total PSE operating revenue | $ | 1,015,155 | | | $ | 288,704 | | | $ | 57 | | | $ | 1,303,916 | | | Puget LNG operating revenue | — | | | — | | | 9,689 | | | 9,689 | | | Intercompany eliminations | — | | | (801) | | | — | | | (801) | | | Total Puget Energy operating revenue | $ | 1,015,155 | | | $ | 287,903 | | | $ | 9,746 | | | $ | 1,312,804 | |
_____________ 1 Miscellaneous electric and natural gas revenue includes $55.3 million and $21.0 million, respectively, of the regulatory offset resulting from CCA credits being passed back to customers. 2 Total other revenue includes revenues from derivatives and alternative revenue programs that are not considered revenues from contracts with customers. | | | | | | | | | | | | | | | | | | | | | | | | Puget Energy and
Puget Sound Energy | | | | | | | | | (Dollars in Thousands) | Three Months Ended June 30, 2025 | | Revenue from contracts with customers: | Electric | | Natural Gas | | Other | | Total | | Retail | | | | | | | | | Residential | $ | 398,937 | | | $ | 162,475 | | | $ | — | | | $ | 561,412 | | | Commercial | 294,602 | | | 83,876 | | | — | | | 378,478 | | | Industrial | 33,655 | | | 5,430 | | | — | | | 39,085 | | | Other | 5,032 | | | — | | | — | | | 5,032 | | | Wholesale | 63,080 | | | — | | | — | | | 63,080 | | | Transmission and transportation | 8,717 | | | 6,123 | | | — | | | 14,840 | | Miscellaneous1 | 8,780 | | | 15,782 | | | 7,334 | | | 31,896 | | | Total revenue from contracts with customers | $ | 812,803 | | | $ | 273,686 | | | $ | 7,334 | | | $ | 1,093,823 | | Total other revenue2 | 19,552 | | | (2,403) | | | — | | | 17,149 | | Total PSE operating revenue | $ | 832,355 | | | $ | 271,283 | | | $ | 7,334 | | | $ | 1,110,972 | | | Puget LNG operating revenue | — | | | — | | | 10,406 | | | 10,406 | | | Intercompany eliminations | — | | | (913) | | | — | | | (913) | | | Total Puget Energy operating revenue | $ | 832,355 | | | $ | 270,370 | | | $ | 17,740 | | | $ | 1,120,465 | |
_____________ 1 Miscellaneous natural gas revenue includes $15.7 million of the regulatory offset resulting from CCA credits being passed back to customers. 2 Total other revenue includes revenues from derivatives and alternative revenue programs that are not considered revenues from contracts with customers.
The following tables present disaggregated revenue from contracts with customers, and other revenue by major source for the six months ended June 30, 2026 and June 30, 2025:
| | | | | | | | | | | | | | | | | | | | | | | | Puget Energy and Puget Sound Energy | | | | | | | | (Dollars in Thousands) | Six Months Ended June 30, 2026 | Revenue from contracts with customers: | Electric | | Natural Gas | | Other | | Total | Retail | | | | | | | | Residential | $ | 1,206,587 | | | $ | 540,781 | | | $ | — | | | $ | 1,747,368 | | Commercial | 804,765 | | | 250,092 | | | — | | | 1,054,857 | | Industrial | 90,624 | | | 15,718 | | | — | | | 106,342 | | Other | 14,179 | | | — | | | — | | | 14,179 | | Wholesale | 28,499 | | | — | | | — | | | 28,499 | | Transmission and transportation | 26,783 | | | 21,800 | | | — | | | 48,583 | | Miscellaneous1 | 132,142 | | | 62,215 | | | 175 | | | 194,532 | | Total revenue from contracts with customers | $ | 2,303,579 | | | $ | 890,606 | | | $ | 175 | | | $ | 3,194,360 | | Total other revenue2 | (27,845) | | | (22,081) | | | — | | | (49,926) | | Total PSE operating revenue | $ | 2,275,734 | | | $ | 868,525 | | | $ | 175 | | | $ | 3,144,434 | | | Puget LNG operating revenue | — | | | — | | | 18,099 | | | 18,099 | | | Intercompany eliminations | — | | | (1,472) | | | — | | | (1,472) | | | Total Puget Energy operating revenue | $ | 2,275,734 | | | $ | 867,053 | | | $ | 18,274 | | | $ | 3,161,061 | |
_____________ 1 Miscellaneous electric and natural gas revenue includes $126.6 million and $67.9 million, respectively, of the regulatory offset resulting from CCA credits being passed back to customers. 2 Total other revenue includes revenues from derivatives and alternative revenue programs that are not considered revenues from contracts with customers. | | | | | | | | | | | | | | | | | | | | | | | | Puget Energy and
Puget Sound Energy | | | | | | | | | (Dollars in Thousands) | Six Months Ended June 30, 2025 | | Revenue from contracts with customers: | Electric | | Natural Gas | | Other | | Total | | Retail | | | | | | | | | Residential | $ | 982,700 | | | $ | 535,840 | | | $ | — | | | $ | 1,518,540 | | | Commercial | 635,910 | | | 243,357 | | | — | | | 879,267 | | | Industrial | 70,344 | | | 15,752 | | | — | | | 86,096 | | | Other | 11,274 | | | — | | | — | | | 11,274 | | | Wholesale | 135,072 | | | — | | | — | | | 135,072 | | | Transmission and transportation | 17,481 | | | 15,457 | | | — | | | 32,938 | | Miscellaneous1 | 14,402 | | | 56,674 | | | 7,433 | | | 78,509 | | | Total revenue from contracts with customers | $ | 1,867,183 | | | $ | 867,080 | | | $ | 7,433 | | | $ | 2,741,696 | | Total other revenue2 | (7,880) | | | (29,824) | | | — | | | (37,704) | | Total PSE operating revenue | $ | 1,859,303 | | | $ | 837,256 | | | $ | 7,433 | | | $ | 2,703,992 | | | Puget LNG operating revenue | — | | | — | | | 20,435 | | | 20,435 | | | Intercompany eliminations | — | | | (1,959) | | | — | | | (1,959) | | | Total Puget Energy operating revenue | $ | 1,859,303 | | | $ | 835,297 | | | $ | 27,868 | | | $ | 2,722,468 | |
_____________ 1 Miscellaneous natural gas revenue includes $53.6 million of the regulatory offset resulting from CCA credits being passed back to customers. 2 Total other revenue includes revenues from derivatives and alternative revenue programs that are not considered revenues from contracts with customers.
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