Public Service Enterprise Group Q4 Earnings Call Highlights

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Sat, February 28, 2026 astatine 2:08 PM CST 8 min read

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PSEG reported Q4 non-GAAP operating EPS of $0.72 and full-year 2025 operating EPS of $4.05, landing astatine the precocious extremity of guidance, and the institution raised the indicative yearly dividend to $2.68 per stock (≈6% increase).
Management updated the 2026–2030 superior programme to $24–$28 billion (over 90% regulated), with regulated spending of $22.5–$25.5 billion, supporting a 6%–7.5% compounded yearly complaint basal maturation done 2030 and astir $4.2 cardinal planned regulated concern successful 2026.
PSEG initiated 2026 non-GAAP operating EPS guidance of $4.28–$4.40 (≈7% midpoint growth) and raised semipermanent net maturation to 6%–8% done 2030, citing inferior investments, expected atomic output (≈95% hedged for 2026) and imaginable upside from further procreation contracting oregon incremental regulated investment.
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Public Service Enterprise Group (NYSE:PEG) reported fourth-quarter nett income of $0.63 per stock and full-year 2025 nett income of $4.22 per share, according to management’s remarks connected the company’s Feb. 26 net call. On a non-GAAP operating basis, PSEG posted net of $0.72 per stock for the 4th fourth and $4.05 per stock for the afloat year, with CEO Ralph LaRossa noting results landed astatine the precocious extremity of the company’s narrowed 2025 operating guidance scope of $4.00 to $4.06 per share.

Management besides declared a first-quarter 2026 dividend, mounting the indicative yearly complaint astatine $2.68 per share. LaRossa said the $0.16 per stock summation represents an astir 6% year-over-year emergence and was supported by assurance successful the company’s semipermanent projections.

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LaRossa highlighted caller wintertime storms and utmost upwind arsenic cardinal operational tests. He said PSEG deed a seasonal state sendout highest connected Feb. 7, 2026, erstwhile temperatures fell beneath 10 degrees Fahrenheit, marking the fifth-highest sendout successful institution history. During the aforesaid acold snap, PSEG’s appliance work concern responded to astir 2,000 “no heat” calls per day, compared with an mean of 600 connected a emblematic wintertime day. He added the electrical strategy performed well, with work restored to “virtually each customers” wrong 24 hours.

On lawsuit affordability, LaRossa pointed to respective actions taken with New Jersey regulators, including summertime alleviation initiatives implemented successful July to assistance customers negociate PJM-related electrical proviso costs passed done to bills. He besides said PSE&G held its residential state complaint level for the remainder of the wintertime 2025-2026 heating play opening Feb. 1, and described the utility’s residential state measure illustration arsenic the lowest outgo successful New Jersey and the region.

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