PSEG Q2 adjusted earnings beat estimates, revenue declines

Earnings
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Summary · why it matters

Public Service Enterprise Group reported second-quarter 2026 adjusted earnings of 86 cents per share, beating the Zacks Consensus Estimate of 80 cents by 7.5% and rising 11.7% from the prior-year figure of 77 cents. Operating revenues totaled $2.55 billion, missing the consensus of $2.70 billion and declining 8.9% from $2.81 billion a year earlier. PSE&G, the regulated utility, saw revenues increase 5.2% to $2.14 billion and non-GAAP operating earnings of $342 million, while PSEG Power & Other revenues fell 42% to $534 million but non-GAAP operating earnings rose to $83 million. The company reaffirmed its 2026 adjusted earnings guidance of $4.28 to $4.40 per share, with the Zacks Consensus Estimate at $4.37.

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Energy Transition & Power Demand · 4 stocks