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Public Service Enterprise (PEG)
NYSE:PEG
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.49Last Year’s EPS
1.43Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple clear operational and financial strengths — FY GAAP earnings growth (~19%), a dividend raise (~6%), raised guidance and long-term CAGR (6%–8%), robust capital program, strong nuclear performance (91.2% capacity factor), customer bill relief measures, and significant reliability/customer satisfaction recognition. Offsetting items included year-over-year declines in certain quarterly and segment non-GAAP results, higher depreciation/interest/tax expenses, short-term O&M impacts from nuclear refueling, and some regulatory/legislative uncertainty. On balance, the positive drivers (earnings growth, guidance raise, operational resilience, strong liquidity and capital plan) materially outweigh the noted headwinds.Company Guidance
Strong Full-Year GAAP Earnings Growth
Net income of $4.22 per share for FY2025 versus $3.54 in FY2024, an increase of approximately 19.2% year-over-year.
Solid Non-GAAP Operating Results and Guidance Raise
Full-year non-GAAP operating earnings of $4.05 per share (at the high end of guidance). Company initiated 2026 non-GAAP operating earnings guidance of $4.28–$4.40 per share (midpoint ~7% higher than 2025) and raised long-term non-GAAP CAGR to 6%–8% through 2030.
Dividend Increase
Declared 2026 indicative annual dividend rate of $2.68 per share, up $0.16 per share — approximately a 6% increase versus prior year.
Operational Resilience During Extreme Weather
Responded to a major winter event (fifth-highest gas send-out peak) with PSE&G appliance service handling ~2,000 no-heat calls/day versus typical 600 and restoring service to virtually all customers within 24 hours; recognized for reliability and resiliency with multiple ReliabilityOne awards and top J.D. Power customer satisfaction rankings (PSE&G and PSEG Long Island).
Nuclear Performance and Carbon-Free Generation
PSEG Nuclear produced ~30.9 TWh in 2025 (up ~1.0% versus 2024) with a full-year capacity factor of 91.2%, providing 24x7 carbon-free baseload power during peak demand events.
Robust Capital Program and Rate Base Growth
PSE&G invested ~$1.0 billion in Q4 and ~$3.7 billion in regulated capital for 2025. Planned 2026 regulated CapEx is ~ $4.2 billion; 2026–2030 regulated capital spending forecast updated to $22.5–$25.5 billion (up ~$1.5 billion vs prior plan) supporting a rate-base CAGR of 6%–7.5% from a year-end 2025 rate base of ~ $36 billion (up ~7% vs year-end 2024).
Strong Liquidity and Cash Generation
Total available liquidity of $2.8 billion (including ~$130 million cash) and cash from operations of more than $3 billion in 2025; variable-rate debt represents ~6% of total debt and FFO-to-debt projected in the mid-teens through 2030.
Customer Bill Relief and Environmental Progress
BGS auction results will reduce average residential electric bills by ~1.8% starting June 1, 2026; PSE&G extended residential gas rate stability for the heating season and extended GSMP II program — methane emissions reduced by over 30% systemwide since 2018.
PEG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PEG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $85.97 | $85.85 | -0.14% |
Nov 03, 2025 | $79.92 | $80.71 | +0.99% |
Aug 05, 2025 | $88.72 | $86.78 | -2.19% |
Apr 30, 2025 | $79.69 | $78.05 | -2.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Public Service Enterprise (PEG) report earnings?
Public Service Enterprise (PEG) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Public Service Enterprise (PEG) earnings time?
Public Service Enterprise (PEG) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PEG EPS forecast?
PEG EPS forecast for the fiscal quarter 2026 (Q1) is 1.49.