Quarterly ResultMay 5, 2026, 09:02 AM
PSEG Q1 EPS $1.48, Non-GAAP $1.55; Maintains 2026 Guidance
AI Summary
Public Service Enterprise Group (PSEG) announced strong first-quarter 2026 financial results, reporting Net Income of $1.48 per share and Non-GAAP Operating Earnings of $1.55 per share, an increase from Q1 2025. The company reaffirmed its 2026 Non-GAAP Operating Earnings guidance of $4.28 - $4.40 per share and increased its first-quarter dividend by approximately 6% to an annualized indicative rate of $2.68 per share. Operational highlights included PSE&G's successful response to extreme weather and PSEG Nuclear's 95.5% capacity factor.
Key Highlights
- Q1 2026 Net Income was $1.48 per share, up from $1.18 per share in Q1 2025.
- Q1 2026 Non-GAAP Operating Earnings were $1.55 per share, up from $1.43 per share in Q1 2025.
- PSEG maintained its 2026 Non-GAAP Operating Earnings guidance of $4.28 - $4.40 per share.
- The first-quarter dividend increased ~6% to an annualized indicative rate of $2.68 per share.
- PSE&G's Q1 Net Income/Non-GAAP Operating Earnings rose to $577 million from $546 million YoY.
- PSEG Power & Other Non-GAAP Operating Earnings increased to $201 million from $172 million YoY.
- Q1 regulated investment was ~$0.8 billion, with the full-year capital plan of ~$4.2 billion on track.
- PSEG Nuclear achieved a strong capacity factor of 95.5% for the quarter.