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PUBLIC SERVICE ENTERPRISE GROUP (PEG)

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Earnings summaries and quarterly performance for PUBLIC SERVICE ENTERPRISE GROUP.

Research analysts who have asked questions during PUBLIC SERVICE ENTERPRISE GROUP earnings calls.

Carly Davenport

Carly Davenport

Goldman Sachs

5 questions for PEG

Also covers: AEE, AEP, D +14 more
JT

Jeremy Tonet

JPMorgan Chase & Co.

5 questions for PEG

Also covers: AEE, AEP, AM +46 more
RL

Ryan Levine

Citigroup

5 questions for PEG

Also covers: AEP, AES, ATO +17 more
Nicholas Campanella

Nicholas Campanella

Barclays

4 questions for PEG

Also covers: AEE, AEP, AES +33 more
SP

Shahriar Pourreza

Guggenheim Partners

4 questions for PEG

Also covers: AEE, AEP, AVA +29 more
AW

Andrew Weisel

Scotiabank

3 questions for PEG

Also covers: AEP, BKH, CEG +14 more
AC

Anthony Crowdell

Mizuho Financial Group

3 questions for PEG

Also covers: AEE, AEP, AES +30 more
DA

David Arcaro

Morgan Stanley

3 questions for PEG

Also covers: AEP, AES, ATO +35 more
DC

Durgesh Chopra

Evercore ISI

3 questions for PEG

Also covers: AEE, AEP, AES +22 more
PP

Paul Patterson

Glenrock Associates

3 questions for PEG

Also covers: AEE, ES, ETR +7 more
TM

Travis Miller

Morningstar

3 questions for PEG

Also covers: CMS, DTE, ES +10 more
A

Amanda

Morgan Stanley

2 questions for PEG

Bill Appicelli

Bill Appicelli

UBS

2 questions for PEG

Also covers: CNP, ES, ETR +7 more
Julien Dumoulin-Smith

Julien Dumoulin-Smith

Jefferies

2 questions for PEG

Also covers: AEE, AEP, AES +60 more
MS

Michael Sullivan

Wolfe

2 questions for PEG

Also covers: AGR, CMS, DTE +5 more
NA

Nick Amicucci

Evercore ISI

2 questions for PEG

Also covers: AROC, BE, FRMI +6 more
NC

Nick Campanella

Barclays PLC

2 questions for PEG

Also covers: ATO, EIX, FE
Steven Fleishman

Steven Fleishman

Wolfe Research

2 questions for PEG

Also covers: AEP, CEG, CNP +18 more
JD

Julian Dumoulin-Smith

Jefferies LLC

1 question for PEG

Also covers: AEE, CNP, SEDG +1 more
KL

Konstantin Lednev

Guggenheim Partners

1 question for PEG

Also covers: CNP, DTE, EIX +4 more
PF

Paul Fremont

Ladenburg Thalmann

1 question for PEG

Also covers: AEE, CNP, CPK +18 more
RS

Rinny Singh

Bank of America

1 question for PEG

Also covers: LNT, TLN
SK

Sophie Karp

KeyBanc Capital Markets Inc.

1 question for PEG

Also covers: AEE, AEP, AGR +14 more
William Appicelli

William Appicelli

UBS

1 question for PEG

Also covers: AEE, AEP, CMS +10 more

Recent press releases and 8-K filings for PEG.

PSEG reports Q4 and full-year 2025 results
PEG
Earnings
Guidance Update
Dividends
  • Reported net income per share of $0.63 in Q4 and $4.22 for full-year 2025; non-GAAP operating EPS of $0.72 in Q4 and $4.05 for the year, and raised the annual dividend rate to $2.68, a 6% increase.
  • Issued 2026 non-GAAP operating earnings guidance of $4.28–$4.40 per share, implying a 7% midpoint growth over 2025 results.
  • Updated 2026–2030 regulated capital program to $24–$28 billion, with 90%+ allocated to regulated investments and a projected rate-base CAGR of 6%–7.5%.
  • PSE&G invested $1.0 billion in Q4 and $3.7 billion in 2025 on infrastructure; PSEG Nuclear achieved a 91.2% capacity factor, generating 30.9 TWh of carbon-free baseload power.
1 day ago
PSEG reports Q4 and full-year 2025 results
PEG
Earnings
Guidance Update
Dividends
  • PSEG reported Q4 net income of $0.63 EPS and full-year $4.22 EPS, with non-GAAP operating earnings of $0.72 for Q4 and $4.05 for FY 2025.
  • Declared Q1 2026 dividend at an annual rate of $2.68 per share, up $0.16 or ~6% year-over-year.
  • Issued 2026 non-GAAP operating earnings guidance of $4.28–$4.40 per share (7% increase at midpoint) and raised long-term earnings CAGR to 6%–8% through 2030.
  • Updated 2026–2030 capital program to $24–$28 billion, with over 90% in regulated investments supporting a 6%–7.5% rate-base CAGR, and no equity issuances needed.
  • PSEG Nuclear achieved a 91.2% capacity factor, generating 30.9 TWh of carbon-free baseload power in 2025.
1 day ago
PSEG reports Q4 2025 results and 2026 guidance
PEG
Earnings
Guidance Update
Dividends
  • PSEG reported Q4 2025 Net Income of $0.63 per share and Non-GAAP Operating Earnings of $0.72 per share.
  • Full-year 2025 Net Income was $4.22 per share (up ~19% year-over-year) and Non-GAAP Operating Earnings were $4.05 per share (up ~10% year-over-year).
  • The company initiated 2026 Non-GAAP Operating Earnings guidance of $4.28–$4.40 per share, implying ~7% growth over 2025, driven by higher regulated rate base and transmission rates.
  • PSEG raised its 2026 annual dividend by $0.16 to $2.68 per share, marking the 15th consecutive annual increase, and plans regulated capital spending of ~$4.2 billion in 2026.
1 day ago
PSEG reports Q4 and FY 2025 results
PEG
Earnings
Guidance Update
Dividends
  • PSEG reported Q4 2025 net income of $0.63 EPS and FY 2025 $4.22 EPS, with non-GAAP operating earnings of $0.72 EPS in Q4 and $4.05 EPS for the full year.
  • Declared Q1 2026 dividend at an annualized $2.68 per share, up $0.16 (≈6%) over prior year.
  • Issued 2026 guidance for non-GAAP operating earnings of $4.28–$4.40 EPS (+7% midpoint) and updated 2026–2030 capital plan to $24–$28 billion (90% regulated), raising long-term earnings growth to 6%–8% through 2030.
  • Operationally, PSE&G invested $3.7 billion in 2025; PSEG Nuclear achieved a 91.2% capacity factor (30.9 TWh of carbon-free power); PSE&G and PSEG Long Island earned #1 ranking in customer satisfaction in the East region by J.D. Power.
1 day ago
PSEG announces Q4 and full year 2025 results
PEG
Earnings
Guidance Update
Dividends
  • PSEG reported FY 2025 net income of $2,111 M (EPS $4.22) and non-GAAP operating earnings of $2,029 M (EPS $4.05); Q4 net income was $315 M (EPS $0.63) with non-GAAP operating earnings of $362 M (EPS $0.72).
  • The company initiated 2026 non-GAAP operating earnings guidance of $4.28 to $4.40 per share, representing ~7% growth over 2025.
  • Regulated capital spending plan raised to $22.5–$25.5 B through 2030, supporting a 6–7.5% CAGR in rate base from a year-end 2025 balance of ~$36 B.
  • The board approved a 2026 dividend increase of $0.16 to $2.68 per share, marking the 15th consecutive annual raise.
1 day ago
PSEG announces 2025 results
PEG
Earnings
Dividends
Guidance Update
  • PSEG reported FY 2025 net income of $2,111 million ($4.22/share) and non-GAAP operating earnings of $2,029 million ($4.05/share).
  • The board raised the 2026 dividend by $0.16 to $2.68/share, marking the 15th consecutive annual increase.
  • PSEG initiated 2026 non-GAAP operating earnings guidance of $4.28–$4.40/share, a midpoint increase of ~7% over 2025.
  • The company increased its regulated 5-year capital spending plan to $22.5–$25.5 billion through 2030 and extended its rate base CAGR target to 6–7.5%.
1 day ago
PSEG increases 2026 dividend rate
PEG
Dividends
  • The Board declared a $0.67 per share quarterly dividend for Q1 2026, up $0.04, implying a $2.68 annual rate for 2026.
  • The approximately 6% increase marks PSEG’s 15th consecutive annual dividend increase and its 119th year of paying a dividend.
  • The dividend is payable on or before March 31, 2026, to shareholders of record on March 10, 2026.
1 day ago
PSEG initiates first U.S. commercial-scale Cobalt-60 production in PWRs
PEG
New Projects/Investments
  • PSEG, Westinghouse, and Nordion entered long-term agreements to produce Cobalt-60 at Salem Nuclear Generating Station Units 1 and 2, with Nordion as the planned supplier.
  • The NRC is reviewing PSEG’s License Amendment Request, targeting 2026 implementation pending authorization and plant schedules.
  • Deployment at Salem will lay groundwork for broader rollout across the global PWR fleet, representing over 70% of commercial reactors.
  • Cobalt-60 is used to sterilize more than 16 billion single-use medical devices annually, support stereotactic radiosurgery, and enhance food safety.
Jan 27, 2026, 2:00 PM
PSEG reports Q3 2025 results
PEG
Earnings
Guidance Update
Debt Issuance
  • PSEG reported Q3 net income of $1.24 EPS and non-GAAP operating earnings of $1.13 EPS, versus $1.40 and $0.90 in Q3 2024.
  • Narrowed full-year 2025 non-GAAP operating earnings guidance to $4.00–$4.60/share (from $3.94–$4.06) and reaffirmed 5–7% CAGR through 2029.
  • PSE&G invested $1.0 bn in Q3 and $2.7 bn YTD, remaining on track for $3.8 bn of regulated capex, boosted by new October 2024 distribution rates.
  • Nuclear fleet generated 7.9 TWh in Q3 (23.8 TWh YTD); Hope Creek extended to a 24-month fuel cycle and Salem upgrade will add 200 MW by 2027–29.
  • Issued $450 mn of 4.9% secured notes due 2035, redeemed $550 mn of 0.8% notes, and ended Q3 with $3.6 bn liquidity.
Nov 3, 2025, 4:00 PM
PSEG reports Q3 2025 results
PEG
Earnings
Guidance Update
New Projects/Investments
  • PSEG delivered $1.24 GAAP EPS and $1.13 non-GAAP operating EPS in Q3 2025, compared with $1.04 and $0.90, respectively, a year ago.
  • Full-year 2025 non-GAAP operating earnings guidance was narrowed to $4.00–$4.06 per share, and the company reaffirmed its 5%–7% annual growth outlook through 2029.
  • The utility invested $1 billion in Q3 and $2.7 billion year-to-date, on track for $3.8 billion of regulated CapEx in 2025 and $21–$24 billion through 2029.
  • PSEG Nuclear generated 7.9 TWh in Q3, extended Hope Creek’s fuel cycle from 18 to 24 months, and achieved capacity factors of 92.4% for the quarter and 93.7% year-to-date.
  • At quarter end, available liquidity was $3.6 billion (including $330 million cash); issued $450 million of 4.9% notes due 2035, with variable rate debt at 4% of total.
Nov 3, 2025, 4:00 PM

Quarterly earnings call transcripts for PUBLIC SERVICE ENTERPRISE GROUP.