Public Service Enterprise Group Incorporated earnings overview

PEG FY2026 Q1 · Calendar Q2 2026

Public Service Enterprise Group Incorporated

PSEG's Q1 2026 results reinforced its regulated-utility growth thesis: a beat on both EPS ($1.55 non-GAAP vs $1.44 estimate) and revenue ($3.85B vs $3.35B estimate), with full-year guidance maintained at $4.28-$4.40 per share and the 6-8% long-term CAGR through 2030 reaffirmed. The quarter advanced two growth engines: regulated infrastructure investment (~$4.2B in 2026 capex) and nuclear expansion at Salem, supported by favorable regulatory developments including a FERC cost-allocation order expected to refund customers over $100M and a BGS auction reducing electric bills by up to 1.8%. Management also launched a virtual power-plant pilot and completed the Zero Emission Certificate program. Despite the beat, the stock's abnormal move was -1.70% with subsequent drift of -2.48%, and the current price of $77.75 sits below the analyst consensus target of $87.67, suggesting the market is…