Public Service Enterprise Group Inc
XMUN:PSE
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Public Service Enterprise Group Inc
XMUN:PSE
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Conferencias de resultados
Última conferencia de resultados
Results: PSEG reported second-quarter net income of $0.67 per share and non-GAAP operating earnings of $0.86 per share, with first-half operating earnings of $2.41 per share.
Guidance: Management reaffirmed full-year 2026 non-GAAP operating earnings guidance of $4.28 to $4.40 per share and kept its 5-year 6% to 8% growth outlook through 2030.
Storm Response: The company highlighted a major July 4 storm restoration, reconnecting about 380,000 customers, with nearly all restored within 24 hours.
Regulatory Shift: PSEG said it expects to file a base rate case by year-end 2026, tying the timing to New Jersey’s affordability and transparency review.
Power Opportunity: Management sees new opportunities in PJM’s evolving resource adequacy process, but said it wants “utility-like” risk and returns rather than high-risk merchant exposure.
Customer Relief: PSE&G is rolling out residential bill credits, continuing a roughly $166 million ZEC refund, and seeking to cut residential gas bills by more than 5% starting October 1.