The earnings call presented a strong financial performance with significant growth in earnings and investment programs. However, there are challenges related to customer bill increases and market resource adequacy that need addressing. Overall, the company maintains a confident outlook with strategic initiatives in place.

Company Guidance -

Q3 2025

During Public Service Enterprise Group's (PSEG) second quarter 2025 earnings call, the company provided updated guidance, emphasizing a robust year with projected non-GAAP operating earnings for 2025 ranging from $3.94 to $4.06 per share, marking a 9% increase at the midpoint over 2024 results. The company highlighted its $3.8 billion regulated investment program for the year, which focuses on maintaining reliability and modernizing infrastructure. PSEG also discussed its 5-year capital spending plan of $21 billion to $24 billion, supporting an expected rate base CAGR of 6% to 7.5% through 2029. The call underscored the benefit of new distribution rates and higher nuclear output, with a fleet capacity factor of 88.8% for the quarter. Additionally, PSEG addressed customer affordability by partnering with the New Jersey Board of Public Utilities on a summer relief initiative and noted the potential impact of PJM capacity auction results on future customer bills.

Strong Financial Performance

PSEG reported net income of $1.17 per share for the second quarter of 2025 compared to $0.87 per share in 2024, and non-GAAP operating earnings were $0.77 per share compared to $0.63 per share in 2024, representing over a 20% increase from last year's second quarter.

Regulated Investment Program

PSE&G is on track to execute its full year $3.8 billion regulated investment program to maintain reliability, benefiting from regulatory recovery of over $3 billion of previously invested capital.

High Capacity Utilization

PSEG Nuclear achieved a fleet capacity factor of 88.8% for the second quarter, with plans to extend Hope Creek's fuel cycle from 18 to 24 months during the fall refueling outage.

Positive Market Outlook

PJM's latest capacity auction priced at $329 per megawatt day for the 2026-2027 energy year, with expectations for a near flat impact on customer electric bills.

Large Load Inquiries Increase

PSE&G's pipeline of large load inquiries for new service connections grew to over 9,400 megawatts, up 47% from 6,400 megawatts reported as of March 31.

Public Service Enterprise (PEG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PEG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	1.00 / -	0.9	―	―	―
Aug 05, 2025	2025 (Q2)	0.70 / 0.77	0.63	22.22% (+0.14)
Apr 30, 2025	2025 (Q1)	1.44 / 1.43	1.31	9.16% (+0.12)
Feb 25, 2025	2024 (Q4)	0.83 / 0.84	0.54	55.56% (+0.30)
Nov 04, 2024	2024 (Q3)	0.87 / 0.90	0.85	5.88% (+0.05)
Jul 30, 2024	2024 (Q2)	0.62 / 0.63	0.7	-10.00% (-0.07)
Apr 30, 2024	2024 (Q1)	1.30 / 1.31	1.39	-5.76% (-0.08)
Feb 26, 2024	2023 (Q4)	0.52 / 0.54	0.64	-15.62% (-0.10)
Oct 31, 2023	2023 (Q3)	0.75 / 0.85	0.86	-1.16% (-0.01)
Aug 01, 2023	2023 (Q2)	0.63 / 0.70	0.64	9.37% (+0.06)

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
Aug 05, 2025	$90.14	$88.17	-2.19%
Apr 30, 2025	$80.97	$79.30	-2.06%
Feb 25, 2025	$83.03	$81.92	-1.34%
Nov 04, 2024	$85.35	$80.03	-6.23%

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 Nov 04, 2025, Before Open (Confirmed).

What is Public Service Enterprise (PEG) earnings time?

Public Service Enterprise (PEG) earnings time is at Nov 04, 2025, 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 2025 (Q3) is 1.

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