Public Service Enterprise Group reported second-quarter 2026 net income of $0.67 per share and non-GAAP operating earnings of $0.86 per share, and reaffirmed its full-year non-GAAP operating earnings guidance of $4.28 to $4.40 per share. PSE&G, the utility subsidiary, posted net income and non-GAAP operating earnings of $342 million, up from $332 million a year earlier, driven by investments in energy efficiency and gas system modernization. The company also reaffirmed its 5-year non-GAAP operating earnings growth outlook of 6% to 8% through 2030, supported by a $24 billion to $28 billion capital investment plan that requires no new equity or asset sales. PSE&G anticipates filing a base rate case by year-end 2026 to update rates, citing growing regulatory lag and the need to align with the state's review of the utility business model under Executive Order 1. On the generation side, PSEG Power cleared 3,600 megawatts of nuclear capacity in PJM's latest auction at $325 per megawatt-day and is pursuing bilateral contract opportunities under PJM's reliability backstop procurement process.
Public Service Enterprise Group IncReaffirms 2026 guidance and 6-8% growth outlook, with no new equity needed.
