PEG · 8-K · 20260804PR331660
Operating Income and Margins
PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-08-04 · Importance 39 · Surprise 56 · No source text
Consolidated second-quarter operating income declined to $461 million from $817 million, reducing the operating margin from approximately 29.1% to 18.1%. PSE&G operating income increased to $530 million from $492 million, while PSEG Power & Other operating income fell to a $69 million loss from $325 million of income. Consolidated interest expense increased to $269 million from $248 million, including PSE&G interest expense of $174 million versus $161 million. PSEG Power & Other profitability was affected by the absence of zero-emission certificates after May 2025 and higher interest expense and taxes.
Key facts
- Six months ended June 30, 2026 operating income: $1,536 million total; PSE&G operating income: $1,325 million; PSEG Power & Other operating income: $211 million source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | — | Six months ended June 30, 2026 operating income: $1,536 million total; PSE&G operating income: $1,325 million; PSEG Power & Other… |