Description

PSE Group’s Hidden Growth Engine — Nuclear Power Returns To Center Stage!

Public Service Enterprise Group reported second-quarter 2026 non-GAAP operating EPS of $0.86, up from $0.77 a year earlier, while net income per share declined to $0.67 from $1.17. For the first half, net income reached $2.15 per share and non-GAAP operating EPS was $2.41, broadly in line with expectations. Full-year non-GAAP operating EPS guidance was reaffirmed at $4.28 to $4.40. Growth was supported by PSE&G investments in system replacement, reliability, and energy efficiency, alongside higher market prices and increased nuclear and gas generation at PSEG Power. These factors more than offset the expiration of Zero Emission Certificate revenue in May 2025. Operationally, PSE&G restored service to nearly 380,000 customers within 24 hours following severe storms, using more than 330 crews. The utility also experienced its highest summer peak load in 14 years while deploying demand response programs to manage peak energy costs.