PSEG reports third quarter 2026 financial results

Public Service Enterprise Group (PSEG) announced its financial performance for the third quarter ending September 30, 2026, reporting a net income of $376 million, or $0.76 per share. The company's non-GAAP operating earnings were $574 million, or $1.15 per share, compared to $1.13 per share in the third quarter of 2025.

CEO Ralph LaRossa reaffirmed the company's 2026 non-GAAP operating earnings guidance, projected between $4.28 and $4.40 per share. PSEG intends to fund a five-year capital investment plan of $24 billion to $28 billion using existing cash flows, avoiding the need for new equity issuance.

Operational highlights included the restoration of service following severe weather events in New Jersey and consistent performance from the nuclear power segment, which produced 8.2 TWh of energy at a 95.5% capacity factor during the quarter.

The company maintains its long-term strategy of achieving a 6% to 8% compound annual growth rate in non-GAAP operating earnings through 2030.