PSE Earnings Calls - Public Service Enterprise Group Inc

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Price: 63.89 EUR -0.09% Market Closed

Market Cap: €31.8B

P	Public Service Enterprise Group Inc XMUN:PSE	US
K	Kulmbacher Brauerei AG XMUN:KUL	DE

Earnings Calls

Fiscal Period

Q2 2026

Call Date

Aug 4, 2026

AI Summary

Q2 2026

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.

Key Financials

Net income per share

$0.67

Non-GAAP operating earnings per share

$0.86

First-half net income per share

$2.15

First-half non-GAAP operating earnings per share

$2.41

PSE&G Q2 net income and operating earnings

$342 million

PSE&G 2026 regulated capital investment plan