Public Service Enterprise Group's first quarter 2026 earnings beat estimates while the company reaffirmed its full-year guidance.

Public Service Enterprise Group reported first quarter 2026 Non-GAAP Operating Earnings of $1.55 per share on operating revenues of $3.85 billion, exceeding analyst expectations. The company maintained its full-year 2026 non-GAAP Operating Earnings guidance of $4.28 to $4.40 per share.

Key Highlights

• Non-GAAP Operating EPS of $1.55 was up from $1.43 in the prior-year quarter and beat the consensus estimate of $1.47.
• Operating revenues of $3.85 billion were up 19% year-over-year, significantly exceeding the $3.02 billion estimate.
• The PSEG Power & Other segment's non-GAAP operating earnings grew to $201 million from $172 million year-over-year, driven by higher realized prices and lower operating costs.
• Management reaffirmed its long-term strategy to grow non-GAAP Operating Earnings by a compound annual rate of 6% to 8% through 2030.