Public Service Enterprise Group

PEG

Market cap $43B

Public Service Enterprise Group Incorporated (PEG) Q4 2025 Earnings Call Transcript

The headline numbers for PSEG (PEG) give insight into how the company performed in the quarter ended December 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

PSEG (PEG) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.84 per share a year ago.

PSEG Q4 earnings beat estimates as revenues jump 18% Y/Y, with higher electric and gas volumes and upbeat 2026 EPS guidance.

$4.22 PER SHARE NET INCOME $4.05 PER SHARE NON-GAAP OPERATING EARNINGS Initiates 2026 non-GAAP Operating Earnings Guidance of $4.28-$4.40 per share, up 7% over 2025 Increases Regulated 5-Year Capital Spending Plan to $22.5 billion - $25.5 billion through 2030 Extends Rate Base CAGR of 6% - 7.5% through 2030, from a ~7% Higher YE-2025 Balance Updates PSEG's Long-Term, non-GAAP Operating Earnings Growth Target to 6% - 8% NEWARK, N.J., Feb. 26, 2026 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported the following results for the full year and fourth quarter 2025: PSEG Consolidated (unaudited) Full Year Comparative Results Income Earnings Per Share ($ millions, except per share amounts) FY 2025 FY 2024 FY 2025 FY 2024 Net Income $2,111 $1,772 $4.22 $3.54   Reconciling Items (82) 67 (0.17) 0.14 Non-GAAP Operating Earnings $2,029 $1,839 $4.05 $3.68   Average Shares Outstanding (Diluted) 501 500 PSEG Consolidated (unaudited)Fourth Quarter Comparative Results   Income Earnings Per Share ($ millions, except per share amounts) 4Q 2025 4Q 2024 4Q 2025 4Q 2024 Net Income $315 $286 $0.63 $0.57   Reconciling Items 47 135 0.09 0.27 Non-GAAP Operating Earnings $362 $421 $0.72 $0.84   Average Shares Outstanding (Diluted) 501 500 The tables above provide a reconciliation of PSEG's Net Income to non-GAAP Operating Earnings for the full year and fourth quarter.

Indicative Annual Dividend Rate Increases by ~6% to $2.68 Per Share PSEG's 15th Consecutive Dividend Increase and 119th Year Paying a Dividend to Shareholders      NEWARK, N.J., Feb. 26, 2026 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE: PEG) declared a $0.67 per share quarterly common stock dividend for the first quarter of 2026, payable on or before March 31, 2026, to shareholders of record on March 10, 2026.

PEG heads into Q4 with data center-driven demand and rate gains set to lift revenues, though higher costs may pressure earnings.

PSEG (PEG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

NEWARK, N.J., Feb. 3, 2026 /PRNewswire/ -- Public Service Enterprise Group Incorporated (PSEG) will host its fourth quarter and full year 2025 earnings call at 11:00 a.m.

VST and PEG continue to efficiently serve their customers, the power generated from the nuclear power plants allows them to provide a large volume of emission-free electricity.