PSE&G Q1 2026: Strong Earnings & Growth

Public Service Enterprise Group (PSE&G) reported robust first quarter earnings for 2026, with net income of $1.48 per share and non-GAAP operating earnings of $1.55 per share, up from last year. The company attributed this growth to solid utility investments and stronger power segment results. PSE&G maintained its full-year guidance of $4.28 to $4.40 per share. During the harsh winter, PSE&G successfully kept the lights on for nearly all customers, restoring power in under 24 hours where needed. The company also kept electric rates flat for 2026 and maintained the lowest natural gas bills in New Jersey. Customers are benefiting from upcoming Basic Generation Service auction results, which will cut electric supply costs by 1.8% starting June 1. A FERC ruling will result in over $100 million in refunds, and new demand response and time-of-use programs are helping customers save by shifting peak usage. On the power side, PSEG Nuclear achieved a 95.5% capacity factor, generating 8 terawatt-hours of clean energy. The governor signed a bill ending the nuclear construction ban, highlighting PSE&Gs Salem site as a prime location for new builds. FERC extended PJMs price collar for market stability. Looking ahead, PSE&G is on track for 6-8% annual earnings growth through 2030, supported by $22.5-25.5 billion in PSE&G capital expenditures. The companys strong liquidity and dividend hikes are keeping shareholders happy as they work towards reliable, affordable power. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3175e272bd41172a