PSEG Reports Q3 2026 Earnings of $0.76 Per Share Net Income
Public Service Enterprise Group posts third-quarter net income of $0.76 per share and reaffirms its full-year non-GAAP operating earnings guidance.
Public Service Enterprise Group (NYSE: PEG) reported third-quarter 2026 net income of $0.76 per share, the Newark, N.J.-based utility announced Monday, alongside non-GAAP operating earnings of $1.15 per share for the same period.
The company maintained its full-year 2026 non-GAAP operating earnings guidance range of $4.28 to $4.40 per share, signaling management confidence in the utility's financial trajectory heading into the final months of the year.
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The gap between reported net income and the non-GAAP operating earnings figure is a common feature in utility reporting, where one-time items, mark-to-market adjustments, and asset transactions can meaningfully distort a single quarter's statutory results. Analysts and investors typically weight the operating earnings metric more heavily when assessing a regulated utility's underlying performance.
PSEG is one of the largest combined electric and gas companies in the United States, serving customers primarily across New Jersey. The company's regulated utility subsidiary, PSE&G, accounts for the substantial majority of its earnings, providing a relatively stable revenue base tied to state-approved rate structures.
With two full quarters of results now available, PSEG's reaffirmed guidance range suggests the company views its year-to-date performance as broadly on track. Continue reading at Earnings.
