Public Service Enterprise Group Incorporated (PEG)

The company now

Public Service Enterprise Group (PSEG) reported on 4 August 2026 that second-quarter net income was $334 million, down from $585 million a year earlier 3. Its own measure, operating earnings, which leaves out trust-fund and market-value swings, rose to $425 million from $384 million 3.

The quarterly report says the fall in net income came mainly from market-value losses on power contracts in 2026, set against gains a year earlier 2. Higher capacity revenue and gas sales at the power business, and more spending on utility programs, offset part of it 2.

The company kept its 2026 operating earnings guidance at $4.28 to $4.40 per share 3. Chair and chief executive Ralph LaRossa also reaffirmed a 6% to 8% growth outlook for operating earnings through 2030 3.

The open question is whether PSEG signs long-term contracts to sell its nuclear output, which the company says it continues to explore 1.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.