PSEG to report third-quarter results on Nov. 2 after setting annual guidance at $4.28 to $4.40 per share
Key Facts
Public Service Enterprise Group is scheduled to report third-quarter 2026 results on Nov. 2, according to a date posted by the company. The announcement follows PSEG’s decision to maintain its annual non-GAAP operating earnings forecast at $4.28 to $4.40 per share in its second-quarter results. The company reported second-quarter operating earnings of $0.86 per share, compared with $0.77 in the same period of 2025. Net income was $334 million, versus $585 million a year earlier. The significance of the third-quarter announcement lies in whether the new results will prompt management to revise the annual range or leave it unchanged.
There is no confirmation that management reaffirmed the $4.28 to $4.40 per share range in its third-quarter announcement, leaving it as the latest documented annual guidance in the second-quarter results. The guidance measures operating earnings under the company’s non-GAAP metric, not accounting net income. In the third quarter of 2025, PSEG reported net income of $622 million and non-GAAP operating earnings of $565 million. Net income was then $520 million and operating earnings were $448 million in the third quarter of 2024. The comparison provides context for the new results; the available information does not confirm a third-quarter 2026 figure or whether it exceeded analysts’ estimates.
The company’s consolidated operating revenues were $3.226 billion in the third quarter of 2025, compared with $2.535 billion in the corresponding period of 2024. PSE&G operating revenues accounted for $2.535 billion of the total for the period in 2025. The company said the utility’s performance benefited from new electric and gas rates taking effect in October 2024, along with transmission investment and energy-efficiency margins. It said higher operations and maintenance expenses partly offset the impact. It also said higher depreciation and interest costs reduced the positive contribution. These factors provide context for utility performance, without establishing the reasons for changes in third-quarter 2026 results.
In its energy and other businesses segment, PSEG said third-quarter 2025 results were affected by higher maintenance costs associated with Hope Creek, along with lower generation volume. It added that higher energy prices offset part of the impact. PSEG said in its second-quarter 2026 results that higher realized prices and increased nuclear generation supported performance in the energy and other businesses segment. In the second quarter, those gains were offset by the absence of zero-emission certificates and higher interest and taxes. These disclosures show that segment performance is affected by operational and market factors, but none of those drivers can be attributed to the new third-quarter results without an announcement.
PEG shares closed at $74.29 on Oct. 30, 2026, according to EL7 data. The price provides a reference point before the results announcement, not a measure of the stock’s movement afterward. Third-quarter 2025 results showed non-GAAP operating earnings of $1.13 per share, compared with $0.90 in the same period of 2024. An Investing.com table listed an estimate of $1.03 per share for the third quarter of 2025. Revenue for the third quarter of that year was $3.22 billion, versus an estimate of $2.73 billion in the same table. The information provided does not include verified data on the share price movement or third-quarter 2026 results after the announcement.
In its third-quarter 2025 announcement, PSEG said results for the first nine months led it to narrow its 2025 operating earnings forecast to $4.00–$4.06 per share, from a previous range of $3.94 to $4.06. In the same announcement, Chief Executive Ralph LaRossa said a supply-demand imbalance in generation and PJM capacity market results directly caused summer electricity bills to rise by about 20% in 2025. This provides context on the effect of electricity market conditions on the company and its customers, but relates to statements and results from the previous year. The company is scheduled to hold a review call on its third-quarter 2026 results on Nov. 2 at 11 a.m. Eastern time. The call will give management an opportunity to present the results and discuss annual guidance, including whether it has been updated.