Public Service Enterprise Group reports Q3 2026 results and reaffirms full‑year guidance
Public Service Enterprise Group (PSEG) announced its unaudited third‑quarter 2026 results on November 2. Net income was $0.76 per share, while non‑GAAP operating earnings were $1.15 per share, a slight increase from the prior year. Revenue came in at $3.02 billion, below analyst expectations. The company reaffirmed its 2026 non‑GAAP operating‑earnings guidance of $4.28‑$4.40 per share and its long‑term earnings growth outlook of 6%‑8% through 2030.
Why it matters
The reaffirmed guidance signals that PSEG expects to meet its earnings targets despite the revenue shortfall, which may support the stock’s valuation for investors. The company also noted it can fund its $24‑$28 billion capital plan through internal cash flow without issuing new equity, preserving shareholder value.
Key facts
- 1Q3 2026 net income was $0.76 per share, down from $1.24 in 2025. prnewswire.com
- 2Q3 2026 non‑GAAP operating earnings were $1.15 per share, up from $1.13 in 2025. prnewswire.com
- 3Quarterly revenue was $3.02 billion, missing consensus estimates of $3.19 billion. investing.com
- 4PSEG reaffirmed its 2026 non‑GAAP operating‑earnings guidance of $4.28‑$4.40 per share. prnewswire.com
- 5The company reiterated its long‑term earnings growth outlook of 6%‑8% per year through 2030. prnewswire.com
- 6PSEG’s capital investment plan for the next five years totals $24 billion to $28 billion, to be funded without new equity issuance. prnewswire.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.