PSEG Reports Q3 Adjusted EPS of $1.15, Reaffirms 2026 Guidance
Public Service Enterprise Group reported adjusted EPS of $1.15, below the FactSet estimate of $1.19. Revenue was $3.02 billion versus the $3.19 billion estimate, and the company reaffirmed its 2026 adjusted EPS guidance range of $4.28 to $4.40.
Public Service Enterprise Group Incorporated (PSEG) announced its financial results for the third quarter of 2026, reporting adjusted earnings of $1.15 per share, which fell short of the FactSet consensus estimate of $1.19 per share. GAAP net income for the period was $376 million, or $0.76 per share, compared to $622 million, or $1.24 per share, in the same quarter of the previous year. Operating revenue for the quarter was $3.02 billion, down from $3.226 billion in the prior-year period and below the FactSet estimate of $3.19 billion. The company reaffirmed its 2026 adjusted EPS guidance range of $4.28 to $4.40, which compares to the FactSet estimate of $4.38.
Management noted that results were impacted by utility investment costs and mark-to-market losses in the Power & Other segment, while nuclear output and storm response remained strong.