Public Service Enterprise Group Incorporated (PEG) Earnings Call Transcripts

Public Service Enterprise Group Incorporated's Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Public Service Enterprise Group (PSEG) reported a net income of $0.67 per share and non-GAAP operating earnings of $0.86 per share, reflecting growth driven by investments in system reliability and energy efficiency. The company reaffirmed its full-year non-GAAP operating earnings guidance of $4.28 to $4.40 per share, maintaining a 6% to 8% growth outlook through 2030. Key operational achievements included effective storm response and a peak summer load of 10,446 megawatts, the highest in 14 years, signaling strong infrastructure resilience and customer service capabilities.

Reported metrics

Guidance from management

PSEG reaffirmed its full-year non-GAAP operating earnings guidance of $4.28 to $4.40 per share and a 5-year growth outlook of 6% to 8% through 2030, indicating confidence in executing its capital investment plans.

What management said

Yes. Nick, we see ourselves in the 6% to 8% as we've been saying. So that hasn't changed. We reaffirmed. We believe there's other opportunities that are presenting itself in the industry that we have opportunities to participate in. I think you talked -- we talked a little bit about the RBA, a few other things that are happening at PJM, our potential upgrades at our nuclear plant that we've talked about quite for a f...

Carly, there's nothing incremental for us to disclose. There's nothing in the materials that we have disclosed. We're working our way through for the future years as we step through time.

What analysts pressed on

Analysts expressed concerns regarding the potential impact of regulatory changes on earnings, particularly related to the RTO incentive that could reduce net income by approximately $40 million annually starting in 2027. There were also questions about the timing and size of the upcoming base rate case filing.

Main topics on the call

• Operational Resilience — PSEG successfully managed a significant storm restoration effort, reconnecting approximately 380,000 customers within 24 hours. CEO Ralph LaRossa noted, "demonstrating the value of our system reliability investments and ...
• Full-Year Guidance Reaffirmed — Management reaffirmed its full-year non-GAAP operating earnings guidance of $4.28 to $4.40 per share, indicating confidence in ongoing operational performance. This guidance aligns with the company's long-term growth out...
• Regulatory Developments — PSEG is preparing to file for a base rate case by year-end 2026, influenced by the New Jersey Board of Public Utilities' recent report advocating for performance-based rates. LaRossa stated, "the timing of the filing ali...
• Clean Energy Initiatives — PSEG's Clean Energy Future programs have generated over $1 billion in annual customer savings, helping nearly 525,000 customers lower their utility bills. This reflects the company's commitment to energy efficiency and c...

Read the full Public Service Enterprise Group Incorporated transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 32 Public Service Enterprise Group Incorporated earnings call transcripts on record, spanning February 26, 2020 to August 4, 2026. Based on this history, Public Service Enterprise Group Incorporated reports quarterly. The most recent call on file is dated August 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PEG

Exchange

NYSE

Country

US

Sector

Utilities

Industry

Multi-Utilities

Calls on record

32

First call

February 26, 2020

Most recent

August 4, 2026

Reporting cadence

quarterly