Public Service Enterprise Group stock holds guidance after Q3

Published on 11/03/2026 at 22:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Public Service Enterprise Group stock follows a mixed third quarter with guidance intact. Nuclear output and adjusted earnings improved.

Guidance holds after mixed quarter

PSEG kept its full-year operating earnings outlook and its long-term growth plan.
Higher nuclear output and improved power-segment operating earnings offset weaker reported net income.
The regulated utility remains focused on grid investment, reliability and customer affordability.

PSEG, US7445731067, Illustration mit AI erstellt.

Public Service Enterprise Group reported mixed third-quarter results on November 2, 2026, while reaffirming its full-year outlook. In a PSEG release, the company reported net income of 0.76 US dollars per share for the quarter, down from 1.24 US dollars a year earlier. Non-GAAP operating earnings rose to 1.15 US dollars per share from 1.13 US dollars.

The company maintained its 2026 non-GAAP operating earnings guidance of 4.28 to 4.40 US dollars per share. Management also reiterated its goal of growing operating earnings by 6% to 8% annually through 2030 and said its five-year capital investment plan totals 24 billion to 28 billion US dollars without requiring new equity issuance.

Nuclear output supports power segment

PSEG Nuclear supplied 8.2 terawatt-hours of carbon-free baseload power during the quarter and reached a 95.5% capacity factor. PSEG Power and Other posted a 130 million US dollar net loss, compared with net income of 107 million US dollars a year earlier, but its non-GAAP operating earnings improved to 68 million US dollars from 50 million US dollars. The company attributed the improvement to higher realized prices, greater nuclear generation and lower operating and maintenance costs.

The regulated PSE&G business generated 506 million US dollars of net income and operating earnings, compared with 515 million US dollars in the prior-year quarter. The business serves approximately 2.4 million electric customers and 1.9 million natural gas customers in New Jersey.