PEG · 8-K · 20260804PR331660
Revenue Performance and Mix
PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-08-04 · Importance 33 · Surprise 38 · In source text
Second-quarter 2026 net income declined to $334 million, or $0.67 per diluted share, from $585 million, or $1.17 per share, in the prior-year quarter. Non-GAAP operating earnings increased to $425 million, or $0.86 per share, from $384 million, or $0.77 per share. Six-month net income was $1.075 billion versus $1.174 billion, while six-month non-GAAP operating earnings rose to $1.203 billion from $1.102 billion. The $91 million of second-quarter reconciling items in 2026 compared with a $201 million benefit in 2025, primarily reflecting changes in mark-to-market and nuclear decommissioning trust activity.
Key facts
- Second quarter 2026 Net Income: $334 million, EPS: $0.67 source
- Second quarter 2026 Non-GAAP Operating Earnings: $425 million, Non-GAAP EPS: $0.86 source
- Six months ended June 30, 2026 Net Income: $1,075 million, EPS: $2.15 source
- Six months ended June 30, 2026 Non-GAAP Operating Earnings: $1,203 million, Non-GAAP EPS: $2.41 source
- Three months ended June 30, 2026 PSEG operating revenues: $2,554 million; eliminations: $(117) million; PSE&G operating revenues: $2,137 million; PSEG Power & Other operating revenues: $534 million source
- Average Diluted Shares Outstanding in 2Q 2026: 499 million source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | — | Second quarter 2026 Net Income: $334 million, EPS: $0.67 |
| operating_income | positive | realized | — | Second quarter 2026 Non-GAAP Operating Earnings: $425 million, Non-GAAP EPS: $0.86 |
| net_income | positive | realized | — | Six months ended June 30, 2026 Net Income: $1,075 million, EPS: $2.15 |
| operating_income | positive | realized | — | Six months ended June 30, 2026 Non-GAAP Operating Earnings: $1,203 million, Non-GAAP EPS: $2.41 |
| revenue | positive | realized | — | Three months ended June 30, 2026 PSEG operating revenues: $2,554 million; eliminations: $(117) million; PSE&G operating revenues: $2,137… |