Public Service Enterprise (PEG)
NYSE:PEG
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Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.82Last Year’s EPS
0.77Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operational and financial start to 2026 — with meaningful EPS gains, strong nuclear reliability, maintained guidance, substantial capital plans, liquidity, and shareholder-friendly dividend growth. The company also highlighted customer-focused programs and regulatory wins that should help bills and reliability. Offsetting risks include rising costs and interest rates, the end of the ZEC program, uncertainties around PJM's reliability backstop and cost allocation, data-center demand concentration outside New Jersey, and timing/approval risks for nuclear extensions and uprates. On balance, positive achievements and stable guidance outweigh the challenges, though several industry and regulatory uncertainties merit monitoring.Company Guidance
Earnings Growth — GAAP and Non-GAAP
Net income of $1.48 per share in Q1 2026 versus $1.18 in Q1 2025, an increase of ~25%. Non-GAAP operating earnings $1.55 per share versus $1.43 in prior year, up ~8.4%.
PSEG Power Strong Quarter
PSEG Power reported net income of $164 million in Q1 2026 versus $43 million in Q1 2025 (up ~281%), and non-GAAP operating earnings of $201 million versus $172 million (up ~16.9%).
Nuclear Performance and Reliability
Salem Unit 2 completed a second consecutive breaker-to-breaker run; nuclear capacity factor of 95.5% in Q1 and supplied ~8 TWh of carbon-free baseload energy during the quarter.
Maintained Full-Year Guidance and Multi-Year Targets
Reaffirming full-year 2026 non-GAAP operating earnings guidance of $4.28–$4.40 per share and a 6%–8% non-GAAP operating earnings CAGR through 2030; rate base projected to grow 6%–7.5% CAGR through 2030.
Significant Capital Investment Program
Q1 PSE&G capex ~ $800 million; full-year 2026 capex plan approximately $4.2 billion. Five-year regulated capex plan of $22.5B–$25.5B for PSE&G and $24B–$28B for PSEG through 2030.
Customer and Grid Programs
Launched demand response with over 32,000 residential and small business enrollments; new residential time-of-use rate; virtual power plant pilot starting this summer to increase grid flexibility and customer bill management.
Customer Bill Relief and Regulatory Wins
BGS auction results will reduce residential electric supply cost by ~1.8% effective June 1. FERC order reallocating PJM transmission cost allocations expected to result in estimated refunds of over $100 million to PSE&G customers (subject to PJM implementation and litigation).
Financial Position and Shareholder Return
Liquidity of ~$3.9 billion at March (including ~$400 million cash); extended revolving facilities totaling $3.75 billion to March 2031; issued $1 billion MTNs. Board set 2026 indicative annual dividend rate of $2.68 per share, ~6% annual increase (15th consecutive increase).
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 |
|---|---|---|---|
May 05, 2026 | $80.45 | $79.73 | -0.89% |
Feb 26, 2026 | $85.28 | $85.17 | -0.14% |
Nov 03, 2025 | $79.28 | $80.07 | +0.99% |
Aug 05, 2025 | $88.01 | $86.09 | -2.19% |
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 Aug 04, 2026, Before Open (Confirmed).
What is Public Service Enterprise (PEG) earnings time?
Public Service Enterprise (PEG) earnings time is at Aug 04, 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 (Q2) is 0.82.