PSEG Reports Strong Q2 2025 Earnings and Maintains Guidance

Public Service Enterprise ( (PEG) ) has released its Q2 earnings. Here is a breakdown of the information Public Service Enterprise presented to its investors.

Public Service Enterprise Group (PSEG) is a leading infrastructure company in New Jersey, primarily operating in the transmission and distribution of electricity and natural gas, and owning a fleet of nuclear power generating units. The company is recognized for its commitment to providing reliable and carbon-free energy solutions.

PSEG reported strong financial results for the second quarter of 2025, with a net income of $1.17 per share and non-GAAP operating earnings of $0.77 per share. The company maintained its full-year guidance for non-GAAP operating earnings, projecting a 9% increase over the previous year.

Key highlights include a significant increase in net income compared to the previous year, driven by higher operating earnings and strategic investments in infrastructure. PSEG also successfully managed high electricity demand during extreme weather conditions, showcasing the resilience of its infrastructure.

The company continues to focus on optimizing its nuclear plants and expanding its regulated investment program, aiming for a 5% to 7% compound annual growth in non-GAAP operating earnings from 2025 to 2029. PSEG is also implementing customer relief initiatives to manage energy supply costs effectively.

Looking ahead, PSEG remains committed to its growth strategy, focusing on infrastructure modernization and energy efficiency. The company anticipates stable financial performance, supported by strategic investments and regulatory approvals, while addressing the challenges of increasing energy demand and resource adequacy.