PEG Filings — Public Service Enterprise Group Inc - FilingSpy
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Public Service Enterprise Group Inc
An energy holding company whose New Jersey utility, PSE&G, delivers electricity and natural gas to millions of homes and businesses across the state, while its PSEG Power arm runs nuclear stations at the Salem and Hope Creek complex — one of the largest nuclear sites in the US, supplying about two-fifths of New Jersey's electricity. Its roots reach back to 1903, when more than 400 small gas, electric, and trolley companies were folded into the Public Service Corporation of New Jersey, a name chosen for its public-service mission.
PSEG reports Q2 2026 net income of $0.67 per share and non-GAAP operating earnings of $0.86 per share.
Second quarter 2026 net income was $334 million, or $0.67 per share, compared to $585 million, or $1.17 per share, in the same period last year.
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Non-GAAP operating earnings for Q2 2026 were $425 million, or $0.86 per share, versus $384 million, or $0.77 per share, in Q2 2025.
For the six months ended June 30, 2026, net income was $1,075 million ($2.15 per share) and non-GAAP operating earnings were $1,203 million ($2.41 per share).
PSEG reaffirmed its full-year 2026 non-GAAP operating earnings guidance of $4.28 to $4.40 per share and its five-year growth outlook of 6% to 8% through 2030.
PSE&G filed to lower residential gas bills by 5% beginning October 1, 2026.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
PSEG reports Q1 2026 net income of $1.48 per share and non-GAAP operating earnings of $1.55 per share
PSEG reported first quarter 2026 net income of $741 million, or $1.48 per share, compared to $589 million, or $1.18 per share, in the first quarter of 2025.
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Non-GAAP operating earnings for the first quarter 2026 were $778 million, or $1.55 per share, versus $718 million, or $1.43 per share, in the prior-year quarter.
PSEG maintained its 2026 non-GAAP operating earnings guidance of $4.28 to $4.40 per share.
PSE&G's first quarter net income and non-GAAP operating earnings were $577 million, while PSEG Power & Other reported net income of $164 million and non-GAAP operating earnings of $201 million.
PSEG reaffirmed its long-term strategy to grow non-GAAP operating earnings at a compound annual rate of 6% to 8% through 2030 without issuing new equity or selling assets.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
PSEG shareholders elected all 11 directors and approved executive compensation, ESPP share increase, and auditor ratification at the 2026 annual meeting.
PSEG held its Annual Meeting of Stockholders on April 21, 2026, with proxies solicited under Regulation 14A and no opposition to management's nominees.
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All 11 management nominees were elected to the Board of Directors, with votes for each director ranging from approximately 342.8 million to 359.9 million.
The advisory vote on executive compensation was approved with approximately 336.3 million votes for and 23.2 million against.
Proposals to eliminate supermajority voting requirements for business combinations, director removal, and by-law amendments failed because they did not receive the required 80% affirmative vote of shares outstanding.
The increase in shares under the PSEG Employee Stock Purchase Plan was approved, and the ratification of Deloitte & Touche LLP as independent auditor for 2026 was approved with approximately 381.2 million votes for.
The report was filed under Item 5.07 to disclose the results of these shareholder votes.
5.07 Submission of Matters to a Vote of Security Holders
PSEG reports FY2025 net income of $4.22/share and initiates 2026 non-GAAP EPS guidance of $4.28-$4.40.
Full year 2025 net income was $2,111 million ($4.22 per share) versus $1,772 million ($3.54 per share) in 2024.
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Full year 2025 non-GAAP operating earnings were $2,029 million ($4.05 per share) versus $1,839 million ($3.68 per share) in 2024.
Fourth quarter 2025 net income was $315 million ($0.63 per share) versus $286 million ($0.57 per share) in 2024.
Fourth quarter 2025 non-GAAP operating earnings were $362 million ($0.72 per share) versus $421 million ($0.84 per share) in 2024.
PSEG initiated 2026 non-GAAP operating earnings guidance of $4.28-$4.40 per share, up over 7% at the midpoint, and raised the 2026 dividend to $2.68 per share.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
PSEG elects Geisha J. Williams to its Board of Directors, effective March 1, 2026.
The Board determined that Ms. Williams is an independent director under NYSE and SEC standards; committee assignments have not yet been determined.
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On January 20, 2026, the Board of Directors of Public Service Enterprise Group Incorporated elected Geisha J. Williams as a new director, effective March 1, 2026.
Ms. Williams will participate in the Company's compensation plans for non-management directors as described in the proxy statement filed March 13, 2025.
Williams has over 35 years of energy industry experience, including serving as CEO and president of PG&E Corporation from March 2017 to January 2019.
She is the fifth new independent director elected to the PSEG Board since April 2022.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
PSEG reports Q3 2025 net income of $1.24 per share, non-GAAP operating earnings of $1.13 per share
Third quarter 2025 net income was $622 million, or $1.24 per share, compared to $520 million, or $1.04 per share, in the same period of 2024.
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Non-GAAP operating earnings for Q3 2025 were $565 million, or $1.13 per share, versus $448 million, or $0.90 per share, in Q3 2024.
For the nine months ended September 30, 2025, net income was $1,796 million ($3.59 per share) and non-GAAP operating earnings were $1,667 million ($3.33 per share).
PSEG narrowed its 2025 non-GAAP operating earnings guidance to $4.00–$4.06 per share, from the prior range of $3.94–$4.06.
PSEG reaffirmed its five-year non-GAAP operating earnings growth outlook of 5% to 7% through 2029, with a planned capital investment program of $22.5 billion to $26 billion.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits