PSEG Q2 FY26 net income drops 42.91% to $334 million

Reuters2026/08/04 11:36

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PSEG posted Q2 net income of $334 million, or $0.67 per share, down 42.91% year over year.
Non-GAAP operating earnings rose to $425 million, or $0.86 per share, up 10.68% from a year earlier.
PSE&G segment earnings increased to $342 million from $332 million, while Power & Other swung to a $8 million loss from $253 million profit.
Management highlighted restoration of about 380,000 customers after early July storms, with nearly all restored within 24 hours.
Maintained 2026 non-GAAP operating earnings guidance of $4.28 to $4.40 per share, reaffirming 6% to 8% growth outlook through 2030.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PSEG - Public Service Enterprise Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY18184) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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PSEG Q2 FY26 net income drops 42.91% to $334 million

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