PSEG Q4 2025 Earnings Report and 2030 Strategic Outlook

The provided documents detail the financial results and strategic outlook for Public Service Enterprise Group (PSEG) following their Q4 2025 earnings report. The company successfully surpassed earnings expectations, reporting a non-GAAP operating profit of $4.05 per share for the full year. Driven by a robust $24–$28 billion capital plan through 2030, management raised long-term growth targets while increasing the annual dividend. Most investments are directed toward regulated utility infrastructure, grid modernization, and methane reduction to ensure system reliability. Additionally, the reports highlight the significant role of nuclear generation and potential legislative shifts in New Jersey's energy procurement. PSEG maintains a strong balance sheet, targeting growth without the necessity of issuing new equity or selling core assets.