Public Service Enterprise Reaffirms 2026 Earnings Guidance and Five-Year Growth Outlook
Public Service Enterprise (PSEG) reaffirmed its 2026 non-GAAP operating earnings guidance of $4.28 to $4.40 per share during its third-quarter earnings call. The company maintains a long-term growth outlook of 6% to 8% through 2030, driven primarily by regulated capital investments in energy efficiency and power distribution networks. Management highlighted a five-year regulated capital investment plan totaling between $22.5 billion and $25.5 billion, noting that these projects will be funded without shareholder dilution or the need to issue new stock. Additionally, the company is working to mitigate regulatory lag by filing proposals with state regulators to accelerate cost recovery for recent grid upgrades.
Tickers: $PEG
Topics: capital investment plan earnings guidance nuclear energy regulated utilities
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