PSEG Reports Q3 2026 Earnings Growth Driven by Utility Margins and Nuclear Performance
PSEG (PEG) reported third-quarter 2026 non-GAAP operating earnings of $1.15 per share, an increase from $1.13 in the prior year period. This growth was primarily driven by improved utility margins resulting from strategic investments in transmission and energy efficiency. While GAAP net income saw a decline to $0.76 per share due to higher depreciation and interest costs, PSEG Power performance strengthened significantly, reaching $68 million in non-GAAP operating earnings. The company reaffirmed its full-year 2026 non-GAAP operating earnings guidance of $4.28 to $4.40 per share. Looking ahead, management outlined a robust capital investment plan of $24 billion to $28 billion through 2030, intended to be funded without new equity issuance or asset sales. The company also highlighted strong nuclear fleet performance and significant hedging positions for its 2026 production.
Tickers: $PEG
Topics: capital investment plan earnings report nuclear energy generation utility margin