Public Service Enterprise Group reported fourth quarter non-GAAP operating earnings of $0.72 per share on operating revenue of $2.92 billion, beating consensus estimates of $0.71 and $2.59 billion, respectively. For the full year 2025, the company delivered non-GAAP operating earnings of $4.05 per share, a 10% increase from the prior year.
Key Highlights
- PSEG initiated its full-year 2026 guidance for non-GAAP Operating Earnings in a range of $4.28 to $4.40 per share, representing a 7% increase over 2025 at the midpoint.
- The company increased its five-year regulated capital spending plan to a range of $22.5 billion to $25.5 billion for 2026-2030, supporting a projected rate base compound annual growth rate of 6% to 7.5%.
- The Board of Directors raised the 2026 indicative annual dividend by approximately 6% to $2.68 per share, marking the 15th consecutive annual increase.