Earnings summaries and quarterly performance for PUBLIC SERVICE ENTERPRISE GROUP.
Executive leadership at PUBLIC SERVICE ENTERPRISE GROUP.
Ralph LaRossa
Chairman, President and Chief Executive Officer
Charles McFeaters
President and Chief Nuclear Officer
Daniel Cregg
Executive Vice President and Chief Financial Officer
Grace Park
Executive Vice President and General Counsel
Kim Hanemann
President and Chief Operating Officer, PSE&G
Board of directors at PUBLIC SERVICE ENTERPRISE GROUP.
Barry Ostrowsky
Director
Jamie Gentoso
Director
John Surma
Director
Kenneth Tanji
Director
Laura Sugg
Director
Ricardo Perez
Director
Scott Stephenson
Director
Susan Tomasky
Lead Independent Director
Valerie Smith
Director
Willie Deese
Director
Research analysts who have asked questions during PUBLIC SERVICE ENTERPRISE GROUP earnings calls.
Carly Davenport
Goldman Sachs
5 questions for PEG
Jeremy Tonet
JPMorgan Chase & Co.
5 questions for PEG
Ryan Levine
Citigroup
5 questions for PEG
Nicholas Campanella
Barclays
4 questions for PEG
Shahriar Pourreza
Guggenheim Partners
4 questions for PEG
Andrew Weisel
Scotiabank
3 questions for PEG
Anthony Crowdell
Mizuho Financial Group
3 questions for PEG
David Arcaro
Morgan Stanley
3 questions for PEG
Durgesh Chopra
Evercore ISI
3 questions for PEG
Paul Patterson
Glenrock Associates
3 questions for PEG
Travis Miller
Morningstar
3 questions for PEG
Amanda
Morgan Stanley
2 questions for PEG
Bill Appicelli
UBS
2 questions for PEG
Julien Dumoulin-Smith
Jefferies
2 questions for PEG
Michael Sullivan
Wolfe
2 questions for PEG
Nick Amicucci
Evercore ISI
2 questions for PEG
Nick Campanella
Barclays PLC
2 questions for PEG
Steven Fleishman
Wolfe Research
2 questions for PEG
Julian Dumoulin-Smith
Jefferies LLC
1 question for PEG
Konstantin Lednev
Guggenheim Partners
1 question for PEG
Paul Fremont
Ladenburg Thalmann
1 question for PEG
Rinny Singh
Bank of America
1 question for PEG
Sophie Karp
KeyBanc Capital Markets Inc.
1 question for PEG
William Appicelli
UBS
1 question for PEG
Recent press releases and 8-K filings for PEG.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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%.
- 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.
- 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.
- 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.
- 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.
Quarterly earnings call transcripts for PUBLIC SERVICE ENTERPRISE GROUP.
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