PEG · 8-K · 20261102PR442778
Net Income and Profitability
PUBLIC SERVICE ENTERPRISE GROUP INC · 2026-11-02 · Importance 58 · Surprise 56 · From source text
Third-quarter 2026 net income was $376 million, or $0.76 per diluted share, down from $622 million, or $1.24 per share, in third-quarter 2025. Non-GAAP operating earnings increased to $574 million, or $1.15 per share, from $565 million, or $1.13 per share. For the first nine months of 2026, net income fell to $1.451 billion from $1.796 billion, while non-GAAP operating earnings rose to $1.777 billion from $1.667 billion. The quarterly gap between GAAP net income and operating earnings reflected $198 million of reconciling items, including $251 million of pre-tax mark-to-market losses and $21 million of pre-tax Nuclear Decommissioning Trust losses.
Key facts
- PSEG third-quarter 2026 net income was $376 million, or $0.76 per share, versus $622 million, or $1.24 per share, in third-quarter 2025. source
- PSEG Power & Other reported a third-quarter 2026 net loss of $130 million, compared with net income of $107 million in third-quarter 2025. source
- PSEG Power & Other reported nine-month 2026 net income of $26 million, compared with $403 million in the comparable 2025 period. source
- PSEG nine-month 2026 net income was $1.451 billion, or $2.91 per share, versus $1.796 billion, or $3.59 per share, in the comparable 2025 period. source
- PSEG third-quarter 2026 non-GAAP operating earnings were $574 million, or $1.15 per share, versus $565 million, or $1.13 per share, in third-quarter 2025. source
- PSEG nine-month 2026 non-GAAP operating earnings were $1.777 billion, or $3.56 per share, versus $1.667 billion, or $3.33 per share, in the comparable 2025 period. source
- PSE&G third-quarter 2026 net income was $506 million, compared with $515 million in third-quarter 2025. source
- PSE&G nine-month 2026 net income was $1.425 billion, compared with $1.393 billion in the comparable 2025 period. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -13.5% | PSEG nine-month 2026 net income was $1.451 billion, or $2.91 per share, versus $1.796 billion, or $3.59 per share, in the comparable 2025… |
| net_income | negative | realized | -9.6% | PSEG third-quarter 2026 net income was $376 million, or $0.76 per share, versus $622 million, or $1.24 per share, in third-quarter 2025. |
| net_income | positive | realized | +4.3% | PSEG nine-month 2026 non-GAAP operating earnings were $1.777 billion, or $3.56 per share, versus $1.667 billion, or $3.33 per share, in… |
| net_income | positive | realized | +0.3% | PSEG third-quarter 2026 non-GAAP operating earnings were $574 million, or $1.15 per share, versus $565 million, or $1.13 per share, in… |