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A month has gone by since the last earnings report for PSEG (PEG - Free Report) . Shares have lost about 2.9% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is PSEG due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

PEG Q2 Earnings Outpace Expectations, Revenues Decrease Y/Y

Public Service Enterprise Group Incorporated, or PSEG, reported second-quarter 2026 adjusted earnings of 86 cents per share, which beat the Zacks Consensus Estimate of 80 cents by 7.5%. Earnings increased 11.7% from the prior-year reported figure of 77 cents.

The company reported GAAP earnings per share (EPS) of 67 cents compared with $1.17 in the corresponding period of 2025.

PEG’s Total RevenuesOperating revenues totaled $2.55 billion, which missed the Zacks Consensus Estimate of $2.70 billion by 5.4%. The top line also declined 8.9% from the year-ago figure of $2.81 billion.

PEG’s Sales Volumes Show Mixed TrendsElectric sales increased 2% year over year to 9,629 million kilowatt-hours (kWh). Residential sales rose 3% to 3,242 million kWh, while commercial and industrial sales jumped 1% to 6,316 million kWh.

Total gas sales declined 23% to 541 million therms. Firm gas sales slipped 1% to 351 million therms, as residential volumes decreased 4%, and commercial and industrial volumes increased 1%. Non-firm commercial and industrial sales fell 45% to 190 million therms.

Highlights of PEG’s Earnings ReleaseThe operating income totaled $461 million compared with $817 million in the year-ago period, reflecting a decline of 43.6%.

Total operating expenses were $2.09 billion, up 5.3% from the year-ago figure.

Interest expenses amounted to $269 million, which increased 8.5% year over year.

Segmental Performance of PEGPSE&G revenues increased 5.2% to $2.14 billion from $2.03 billion in the prior-year period. The regulated utility generated net income and non-GAAP operating earnings of $342 million, up from $332 million. Results benefited from ongoing investments in energy efficiency, gas system modernization and transmission.

PSEG Power & Other revenues declined 42% to $534 million from $920 million a year earlier. Despite the revenue decrease, non-GAAP operating earnings increased to $83 million from $52 million. The improvement reflected higher realized prices and increased nuclear generation.

Financial Update of PEGThe long-term debt (including the current portion of the long-term debt) as of June 30, 2026 was $23.59 billion compared with $22.55 billion as of Dec. 31, 2025.

The net cash flow from operating activities was $1.82 billion during the first six months of 2026 compared with $1.53 billion during the first six months of 2025.

PEG’s 2026 GuidancePEG expects adjusted earnings to be in the range of $4.28-$4.40 per share. The Zacks Consensus Estimate for earnings is currently pegged at $4.36, which is at the higher end of the company’s guided range.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.

VGM ScoresCurrently, PSEG has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. Charting a somewhat similar path, the stock has a grade of C on the value side, putting it in the middle 20% for value investors.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, PSEG has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Bank of Nova Scotia bought a new position in Public Service Enterprise Group Incorporated (NYSE: PEG) in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 55,998 shares of the utilities provider's stock, valued at approximately $4,547,000. A number of other large investors

Public Service Enterprise Group Incorporated (NYSE:PEG – Get Free Report) hit a new 52-week low during mid-day trading on Friday after Morgan Stanley lowered their price target on the stock from $93.00 to $91.00. Morgan Stanley currently has an overweight rating on the stock. Public Service Enterprise Group traded as low as $74.12 and last traded at $74.19, with a volume of 227328 shares traded. The stock had previously closed at $74.62.

A number of other analysts have also recently weighed in on the company. Wall Street Zen cut Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Wells Fargo & Company reduced their price objective on Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday, August 5th. Citigroup reduced their price objective on Public Service Enterprise Group from $91.00 to $84.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Weiss Ratings downgraded Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group dropped their target price on Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Public Service Enterprise Group presently has a consensus rating of “Hold” and an average price target of $89.43.

Get Our Latest Research Report on Public Service Enterprise Group

Insiders Place Their Bets In other news, COO Kim C. Hanemann sold 3,035 shares of Public Service Enterprise Group stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total transaction of $248,870.00. Following the sale, the chief operating officer owned 98,815 shares of the company’s stock, valued at approximately $8,102,830. The trade was a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 8,000 shares of Public Service Enterprise Group stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total value of $596,480.00. Following the sale, the senior vice president directly owned 20,970 shares in the company, valued at approximately $1,563,523.20. This trade represents a 27.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 17,284 shares of company stock worth $1,332,751. Insiders own 0.19% of the company’s stock. Institutional Trading of Public Service Enterprise Group Large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC increased its holdings in shares of Public Service Enterprise Group by 10.3% during the first quarter. Empowered Funds LLC now owns 10,103 shares of the utilities provider’s stock valued at $831,000 after purchasing an additional 940 shares during the period. Woodline Partners LP lifted its holdings in Public Service Enterprise Group by 40.7% in the first quarter. Woodline Partners LP now owns 42,093 shares of the utilities provider’s stock worth $3,464,000 after purchasing an additional 12,172 shares during the period. Cresset Asset Management LLC lifted its holdings in Public Service Enterprise Group by 27.6% in the second quarter. Cresset Asset Management LLC now owns 4,811 shares of the utilities provider’s stock worth $405,000 after purchasing an additional 1,040 shares during the period. Jump Financial LLC lifted its holdings in Public Service Enterprise Group by 70.4% in the second quarter. Jump Financial LLC now owns 12,706 shares of the utilities provider’s stock worth $1,070,000 after purchasing an additional 5,250 shares during the period. Finally, NewEdge Advisors LLC grew its position in Public Service Enterprise Group by 3.0% in the 2nd quarter. NewEdge Advisors LLC now owns 56,838 shares of the utilities provider’s stock valued at $4,785,000 after buying an additional 1,649 shares in the last quarter. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Public Service Enterprise Group Stock Down 2.6% The stock has a market cap of $36.24 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 2.73 and a beta of 0.51. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 1.31. The stock’s 50-day moving average is $78.72 and its 200-day moving average is $80.37.

Public Service Enterprise Group (NYSE:PEG – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. Public Service Enterprise Group had a net margin of 16.04% and a return on equity of 12.42%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the firm earned $0.77 EPS. Public Service Enterprise Group’s revenue was down 8.9% on a year-over-year basis. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, research analysts anticipate that Public Service Enterprise Group Incorporated will post 4.36 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 9th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, September 9th. Public Service Enterprise Group’s dividend payout ratio (DPR) is currently 66.67%.

Public Service Enterprise Group Company Profile (Get Free Report)

Public Service Enterprise Group (NYSE: PEG) is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company’s activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.

The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.

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Allworth Financial LP purchased a new position in shares of Public Service Enterprise Group Incorporated (NYSE:PEG – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 20,061 shares of the utilities provider’s stock, valued at approximately $1,628,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PEG. Entropy Technologies LP lifted its holdings in shares of Public Service Enterprise Group by 115.6% in the fourth quarter. Entropy Technologies LP now owns 24,717 shares of the utilities provider’s stock valued at $1,985,000 after purchasing an additional 13,253 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in Public Service Enterprise Group by 26.3% during the first quarter. Kestra Advisory Services LLC now owns 69,089 shares of the utilities provider’s stock worth $5,593,000 after buying an additional 14,406 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in Public Service Enterprise Group by 120.0% during the first quarter. Y Intercept Hong Kong Ltd now owns 63,102 shares of the utilities provider’s stock worth $5,108,000 after buying an additional 34,415 shares in the last quarter. Elevation Point Wealth Partners LLC raised its position in Public Service Enterprise Group by 135.2% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 21,693 shares of the utilities provider’s stock valued at $1,756,000 after buying an additional 12,468 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its position in Public Service Enterprise Group by 38.0% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,946,512 shares of the utilities provider’s stock valued at $156,305,000 after buying an additional 536,363 shares during the last quarter. Institutional investors own 73.34% of the company’s stock.

Analysts Set New Price Targets PEG has been the topic of several recent analyst reports. Jefferies Financial Group dropped their price objective on Public Service Enterprise Group from $89.00 to $78.00 and set a “hold” rating on the stock in a research note on Monday, July 20th. Royal Bank Of Canada assumed coverage on shares of Public Service Enterprise Group in a report on Thursday, July 2nd. They issued a “sector perform” rating and a $81.00 target price for the company. Wells Fargo & Company dropped their price target on shares of Public Service Enterprise Group from $91.00 to $89.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings cut shares of Public Service Enterprise Group from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Finally, Truist Financial reduced their price objective on shares of Public Service Enterprise Group from $90.00 to $84.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $89.43.

Check Out Our Latest Stock Report on Public Service Enterprise Group Public Service Enterprise Group Price Performance Public Service Enterprise Group stock opened at $72.71 on Friday. Public Service Enterprise Group Incorporated has a 12 month low of $72.60 and a 12 month high of $87.63. The company has a current ratio of 0.88, a quick ratio of 0.67 and a debt-to-equity ratio of 1.31. The business’s 50 day simple moving average is $78.72 and its 200 day simple moving average is $80.37. The company has a market cap of $36.24 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 2.81 and a beta of 0.51.

Public Service Enterprise Group (NYSE:PEG – Get Free Report) last released its earnings results on Tuesday, August 4th. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.66 billion. Public Service Enterprise Group had a return on equity of 12.42% and a net margin of 16.04%.The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. Sell-side analysts forecast that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current year.

Public Service Enterprise Group Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, September 9th. This represents a $2.68 annualized dividend and a dividend yield of 3.7%. Public Service Enterprise Group’s dividend payout ratio is presently 66.67%.

Insider Buying and Selling In other Public Service Enterprise Group news, SVP Richard T. Thigpen sold 8,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the sale, the senior vice president directly owned 20,970 shares of the company’s stock, valued at $1,563,523.20. This represents a 27.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Kim C. Hanemann sold 3,035 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total transaction of $248,870.00. Following the transaction, the chief operating officer owned 98,815 shares of the company’s stock, valued at $8,102,830. This represents a 2.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 17,284 shares of company stock valued at $1,332,751. 0.19% of the stock is owned by insiders.

(Free Report)

Public Service Enterprise Group (NYSE: PEG) is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company’s activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.

The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.

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Posted by Defense World Staff on Aug 10th, 2026

E.On (OTCMKTS:ENAKF – Get Free Report) and Public Service Enterprise Group (NYSE:PEG – Get Free Report) are both utilities companies, but which is the superior business? We will contrast the two companies based on the strength of their risk, dividends, profitability, analyst recommendations, valuation, institutional ownership and earnings.

Earnings & Valuation This table compares E.On and Public Service Enterprise Group”s revenue, earnings per share (EPS) and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio E.On N/A N/A N/A ($0.25) -84.33 Public Service Enterprise Group $12.54 billion 3.01 $2.11 billion $4.02 18.83 Public Service Enterprise Group has higher revenue and earnings than E.On. E.On is trading at a lower price-to-earnings ratio than Public Service Enterprise Group, indicating that it is currently the more affordable of the two stocks.

Dividends E.On pays an annual dividend of $0.60 per share and has a dividend yield of 2.8%. Public Service Enterprise Group pays an annual dividend of $2.68 per share and has a dividend yield of 3.5%. E.On pays out -238.1% of its earnings in the form of a dividend. Public Service Enterprise Group pays out 66.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Public Service Enterprise Group has raised its dividend for 14 consecutive years. Public Service Enterprise Group is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Insider & Institutional Ownership 25.1% of E.On shares are owned by institutional investors. Comparatively, 73.3% of Public Service Enterprise Group shares are owned by institutional investors. 0.2% of Public Service Enterprise Group shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Analyst Ratings This is a breakdown of current recommendations and price targets for E.On and Public Service Enterprise Group, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score E.On 0 0 0 0 0.00 Public Service Enterprise Group 0 10 6 1 2.47 Public Service Enterprise Group has a consensus target price of $90.63, indicating a potential upside of 19.76%. Given Public Service Enterprise Group’s stronger consensus rating and higher possible upside, analysts plainly believe Public Service Enterprise Group is more favorable than E.On.

Profitability This table compares E.On and Public Service Enterprise Group’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets E.On N/A N/A N/A Public Service Enterprise Group 16.04% 12.42% 3.68% Summary Public Service Enterprise Group beats E.On on 14 of the 15 factors compared between the two stocks.

About E.On (Get Free Report)

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services. The Customer Solutions segment supplies power, gas, and heat, as well as with products and services that enhance energy efficiency to residential, small and medium-sized enterprises, large commercial and industrial, sales partners, and public entities. Additionally, it provides SmartSim, a software solution that allows renewable gases to be fed into gas grids; gas quality tracking solutions; GasPro, a mobile gas sample collector; metering solutions; and GasCalc, a software that calculates natural gases, LNG, and biogases properties. The company was founded in 1923 and is headquartered in Essen, Germany.

About Public Service Enterprise Group (Get Free Report)

Public Service Enterprise Group Incorporated, through its subsidiaries, operates in electric and gas utility business in the United States. It operates through PSE&G and PSEG Power segments. The PSE&G segment transmits electricity; distributes electricity and natural gas to residential, commercial, and industrial customers; and appliance services and repairs to customers through its service territory, as well as invests in solar generation projects, and energy efficiency and related programs. The PSEG Power segment engages in nuclear generation businesses; and supplies power and natural gas to nuclear power plants and gas storage facilities activities. As of December 31, 2023, it had electric transmission and distribution system of 25,000 circuit miles and 866,600 poles; 56 switching stations with an installed capacity of 39,953 megavolt-amperes (MVA), and 235 substations with an installed capacity of 10,382 MVA; 109 MVA aggregate installed capacity for substations; four electric distribution headquarters and five electric sub-headquarters; 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 56 natural gas metering and regulating stations; and 158 MegaWatts defined conditions of installed PV solar capacity. Public Service Enterprise Group Incorporated was founded in 1903 and is based in Newark, New Jersey.

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Public Service Enterprise Group Inc (PEG) released its 8-K filing on August 4, 2026, reporting second-quarter results that fell short of analyst expectations. T

$0.67 PER SHARE NET INCOME

$0.86 PER SHARE NON-GAAP OPERATING EARNINGS   

Maintains 2026 Non-GAAP Operating Earnings Guidance of $4.28 - $4.40 Per Share

, /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported the following results for the second quarter and six months ended June 30, 2026:

PSEG Consolidated (unaudited)
Second Quarter Comparative Results
 

Income

Earnings Per Share

($ millions, except per share amounts)

2026

2025

2026

2025

Net Income

$334

$585

$0.67

$1.17

  Reconciling Items

91

(201)

0.19

(0.40)

Non-GAAP Operating Earnings

$425

$384

$0.86

$0.77

  Average Shares Outstanding (Diluted)

499

500

See Attachments 8 and 9 for a complete list of items excluded from Net Income/(Loss) in the determination of non-GAAP Operating Earnings.

PSEG Consolidated (unaudited)
Six Months Ended June 30 Comparative Results
 

Income

Earnings Per Share

($ millions, except per share amounts)

2026

2025

2026

2025

Net Income

$1,075

$1,174

$2.15

$2.35

  Reconciling Items

128

(72)

0.26

(0.15)

Non-GAAP Operating Earnings

$1,203

$1,102

$2.41

$2.20

  Average Shares Outstanding (Diluted)

499

500

See Attachments 8 and 9 for a complete list of items excluded from Net Income/(Loss) in the determination of non-GAAP Operating Earnings.

"The efficient execution of PSEG's strategic plan continues to benefit our customers with a resilient and reliable electric and gas system. In early July, these systems withstood a series of heatwaves and successive thunderstorms – accompanied by 70 mile per hour winds – that resulted in one of the most damaging storms in our history," said Ralph LaRossa, PSEG's chair, president and CEO.

LaRossa continued, "PSE&G reconnected approximately 380,000 customers with nearly all customers restored within 24 hours of losing power, demonstrating the value of our system-reliability investments as well as our ability to respond quickly and safely. PSE&G's around-the-clock restoration efforts were led by over 330 crews and over 10 million proactive customer communications."

"PSE&G reached a peak summer load of 10,446 MW on July 2, the highest in 14 years, and activated Demand Response – part of our Clean Energy Future programs – during three separate events throughout the early July heatwave. These peak demands amplify the importance of our suite of award-winning Clean Energy Future programs, which now generate more than $1 billion in annual customer savings, helping nearly 525,000 residential and business customers save energy and lower utility bills since the program started in 2020.  PSE&G's energy efficiency investments have supported approximately 9,300 jobs statewide, including a network of more than 1,000 trade and union allies."

"During the quarter, PSE&G filed with the New Jersey Board of Public Utilities to lower residential gas bills by 5%, beginning October 1, continuing to benefit our customers with the lowest gas utility bills in New Jersey and the Mid-Atlantic Region."

"PSEG Nuclear also performed well during the quarter, supplying the grid with 7.8 TWh of carbon-free, 24 by 7 baseload generation and achieving a capacity factor of 92.0% that included a second consecutive breaker to breaker run at Salem Unit 2."

"In addition to an exemplary storm response, our teams delivered solid financial and operational results for the second quarter and first half of 2026, enabling us to maintain PSEG's full-year 2026 non-GAAP Operating Earnings guidance of $4.28 to $4.40 per share.  We are also reaffirming PSEG's five-year, non-GAAP Operating Earnings growth outlook of 6% to 8% through 2030 as we continue to pursue opportunities incremental to our long-term forecast, including the potential to contract our nuclear output under multi-year agreements. Importantly, our solid balance sheet enables the funding of PSEG's total five-year capital investment program of $24 billion to $28 billion without the need to issue new equity or sell assets and provides the opportunity for consistent and sustainable dividend growth," LaRossa concluded.

PSEG Results by Segment (unaudited)

Second Quarter and Six Months Ended June 30, Comparative Results

($ millions)

2Q 2026

2Q 2025

YTD 2026

YTD 2025

PSE&G Net Income/Non-GAAP Operating Earnings

$342

$332

$919

$878

PSEG Power & Other Net Income/(Loss)

(8)

253

156

296

      Total PSEG Net Income 

$334

$585

$1,075

$1,174

PSEG Power & Other Non-GAAP Operating Earnings 

$83

$52

$284

$224

      Total PSEG Non-GAAP Operating Earnings

$425

$384

$1,203

$1,102

PSE&G's results for the second quarter reflect ongoing investments in Energy Efficiency, Gas System Modernization and Transmission. These results were partially offset by higher operation and maintenance costs as well as higher depreciation and interest expense related to incremental investments and a prior year Transmission true up.

PSEG Power & Other results for the quarter reflect higher realized prices and an increase in nuclear generation, partly offset by the absence of zero emission certificates which ended May 2025, and higher interest expense and taxes. 

###

PSEG will host a conference call to review its second quarter 2026 results, earnings guidance, and other matters with the financial community at 11:00 a.m. ET today.  Please register to access this event by visiting: https://investor.pseg.com/investor-news-and-events

About PSEG

Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers.  PSEG also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in NJ and PA. PSEG aims to power a future where people use energy more efficiently, and it's safer and delivered more reliably than ever. PSEG is a member of the S&P 500 Index and has been named to the Dow Jones Best in Class North America Index for 18 consecutive years. PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).

Non-GAAP Financial Measures

Management uses non-GAAP Operating Earnings in its internal analysis, and in communications with investors and analysts, as a consistent measure for comparing PSEG's financial performance to previous financial results.  Operating Earnings is a non-GAAP financial measure that differs from Net Income. Non-GAAP Operating Earnings exclude the impact of gains (losses) associated with the Nuclear Decommissioning Trust (NDT), Mark-to-Market (MTM) accounting and other material infrequent items.

See Attachments 8 and 9 for a complete list of items excluded from Net Income/(Loss) in the determination of non-GAAP Operating Earnings. The presentation of non-GAAP Operating Earnings is intended to complement and should not be considered an alternative to the presentation of Net Income/(Loss), which is an indicator of financial performance determined in accordance with GAAP. In addition, non-GAAP Operating Earnings as presented in this report may not be comparable to similarly titled measures used by other companies.

Due to the forward-looking nature of non-GAAP Operating Earnings guidance, PSEG is unable to reconcile this non-GAAP financial measure to the most directly comparable GAAP financial measure because comparable GAAP measures are not reasonably accessible or reliable due to the inherent difficulty in forecasting and quantifying measures that would be required for such reconciliation. Namely, we are not able to reliably project without unreasonable effort MTM and NDT gains (losses), for future periods due to market volatility. These items are uncertain, depend on various factors, and may have a material impact on our future GAAP results.

Forward-Looking Statements

Certain of the matters discussed in this report about our and our subsidiaries' future performance, including, without limitation, future revenues, earnings, strategies, prospects, consequences, and all other statements that are not purely historical constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such statements are based on management's beliefs as well as assumptions made by and information currently available to management. When used herein, the words "anticipate," "intend," "estimate," "believe," "expect," "plan," "should," "hypothetical," "potential," "forecast," "project," variations of such words and similar expressions are intended to identify forward-looking statements. Factors that may cause actual results to differ are often presented with the forward-looking statements themselves. Other factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are discussed in filings we make with the United States Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form 8-K. These factors include, but are not limited to:

any inability to successfully develop, obtain regulatory approval for, or construct transmission and distribution, and our nuclear generation projects; significant resource adequacy challenges that present affordability and reliability concerns and that could cause
policymakers to implement responsive measures that could have a material, adverse impact on our business, strategy, growth rates, cash flows, results of operations, and financial condition and increase regulatory uncertainty for utility investment initiatives and programs; the physical, financial and transition risks related to climate change, including risks relating to potentially increased legislative and regulatory burdens, changing customer preferences and lawsuits; any equipment failures, gas explosions, accidents, critical operating technology or business system failures, natural disasters, severe weather events, acts of war, terrorism or other acts of violence, sabotage, physical attacks or security breaches, cyberattacks or other incidents that may impact our ability to provide safe and reliable service to our customers; any inability to recover the carrying amount of our long-lived assets; disruptions or cost increases in our supply chain, including labor shortages; any inability to maintain sufficient liquidity or access sufficient capital on commercially reasonable terms; the impact of cybersecurity attacks or intrusions or other disruptions to our information technology, operational or other systems; failure to attract and retain a qualified workforce; increases in the costs of equipment, materials, fuel, services and labor; the impact of our covenants in our debt instruments and credit agreements on our business; adverse performance of our defined benefit plan trust funds and Nuclear Decommissioning Trust Fund and increases in funding requirements; any inability to enter into or extend certain significant contracts; development, adoption and use of Artificial Intelligence by us and our third-party vendors; fluctuations in, or third-party default risk in wholesale power and natural gas markets, including the potential impacts on the economic viability of our generation units; the ability to obtain adequate nuclear fuel supply; changes in technology related to energy generation, distribution and consumption and changes in customer usage patterns; third-party credit risk relating to our sale of nuclear generation output and purchase of nuclear fuel; any inability to meet our commitments under forward sale obligations and Regional Transmission Organization rules; risks associated with generation activities at, and operation of, the Peach Bottom plants, which are similar to those to which nuclear generation plants that we operate are subject; the impact of changes in state and federal legislation and regulations on our business, including PSE&G's ability to recover costs and earn returns on authorized investments; PSE&G's proposed investment projects or programs may not be fully approved by regulators and its capital investment may be lower than planned; our ability to receive sufficient financial support for our New Jersey nuclear plants from the markets, and/or production tax credits; adverse changes in and non-compliance with energy industry laws, policies, regulations and standards, including market structures and transmission planning and transmission returns; risks associated with our ownership and operation of nuclear facilities, including increased nuclear fuel storage costs, regulatory risks, such as compliance with the Atomic Energy Act and trade control, environmental and other regulations, as well as operational, financial, environmental and health and safety risks; changes in or violation of federal, state and local environmental laws and regulations and enforcement; delays in receipt of, or an inability to receive, necessary licenses and permits and siting approvals; and changes in tax laws and regulations. All of the forward-looking statements made in this report are qualified by these cautionary statements and we cannot assure you that the results or developments anticipated by management will be realized or even if realized, will have the expected consequences to, or effects on, us or our business, prospects, financial condition, results of operations or cash flows. Readers are cautioned not to place undue reliance on these forward-looking statements in making any investment decision. Forward-looking statements made in this report apply only as of the date of this report. While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to do so, even in light of new information or future events, unless otherwise required by applicable securities laws.

The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

Attachment 1

Public Service Enterprise Group Incorporated

Consolidating Statements of Operations

(Unaudited, $ millions, except per share data)

Three Months Ended June 30, 2026

PSEG

Eliminations

PSE&G

PSEG Power
& Other(a)

OPERATING REVENUES  

$           2,554

$                  (117)

$            2,137

$              534

OPERATING EXPENSES

Energy Costs

866

(117)

776

207

Operation and Maintenance

906

-

545

361

Depreciation and Amortization

321

-

286

35

  Total Operating Expenses

2,093

(117)

1,607

603

OPERATING INCOME

461

-

530

(69)

Net Gains (Losses) on Trust Investments

144

-

-

144

Net Other Income (Deductions)

41

-

17

24

Net Non-Operating Pension and Other Postretirement Benefit (OPEB) Credits (Costs)

21

-

20

1

Interest Expense

(269)

-

(174)

(95)

INCOME BEFORE INCOME TAXES 

398

-

393

5

Income Tax Expense

(64)

-

(51)

(13)

NET INCOME (LOSS)

$              334

$                         -

$               342

$                 (8)

Reconciling Items Excluded from Net Income (Loss)(b)

91

-

-

91

OPERATING EARNINGS (non-GAAP)

$              425

$                         -

$               342

$                83

Earnings Per Share

NET INCOME

$             0.67

Reconciling Items Excluded from Net Income(b)

0.19

OPERATING EARNINGS (non-GAAP)

$             0.86

Three Months Ended June 30, 2025

PSEG

Eliminations

PSE&G

PSEG Power
& Other(a)

OPERATING REVENUES  

$           2,805

$                  (146)

$            2,031

$              920

OPERATING EXPENSES

Energy Costs

826

(146)

760

212

Operation and Maintenance

854

-

504

350

Depreciation and Amortization

308

-

275

33

  Total Operating Expenses

1,988

(146)

1,539

595

OPERATING INCOME 

817

-

492

325

Net Gains (Losses) on Trust Investments

95

-

-

95

Net Other Income (Deductions)

46

(1)

16

31

Net Non-Operating Pension and OPEB Credits (Costs)

16

-

18

(2)

Interest Expense

(248)

1

(161)

(88)

INCOME BEFORE INCOME TAXES 

726

-

365

361

Income Tax Expense

(141)

-

(33)

(108)

NET INCOME 

$              585

$                         -

$               332

$              253

Reconciling Items Excluded from Net Income(b)

(201)

-

-

(201)

OPERATING EARNINGS (non-GAAP)

$              384

$                         -

$               332

$                52

Earnings Per Share

NET INCOME

$             1.17

Reconciling Items Excluded from Net Income(b)

(0.40)

OPERATING EARNINGS (non-GAAP)

$             0.77

(a) Includes activities at PSEG Power, PSEG Long Island, Energy Holdings, PSEG Services Corporation and the Parent.

(b) See Attachments 8 and 9 for details of items excluded from Net Income (Loss) to compute Operating Earnings (non-GAAP).

Attachment 2

Public Service Enterprise Group Incorporated

Consolidating Statements of Operations

(Unaudited, $ millions, except per share data)

Six Months Ended June 30, 2026

PSEG

Eliminations

PSE&G

PSEG Power
& Other(a)

OPERATING REVENUES  

$           6,402

$                  (770)

$            5,222

$          1,950

OPERATING EXPENSES

Energy Costs

2,373

(770)

2,134

1,009

Operation and Maintenance

1,843

-

1,182

661

Depreciation and Amortization

650

-

581

69

  Total Operating Expenses

4,866

(770)

3,897

1,739

OPERATING INCOME

1,536

-

1,325

211

Net Gains (Losses) on Trust Investments

127

-

-

127

Net Other Income (Deductions)

84

-

36

48

Net Non-Operating Pension and OPEB Credits (Costs)

40

-

37

3

Interest Expense

(541)

-

(349)

(192)

INCOME BEFORE INCOME TAXES 

1,246

-

1,049

197

Income Tax Expense

(171)

-

(130)

(41)

NET INCOME

$           1,075

$                         -

$               919

$              156

Reconciling Items Excluded from Net Income(b)

128

-

-

128

OPERATING EARNINGS (non-GAAP)

$           1,203

$                         -

$               919

$              284

Earnings Per Share

NET INCOME

$             2.15

Reconciling Items Excluded from Net Income(b)

0.26

OPERATING EARNINGS (non-GAAP)

$             2.41

Six Months Ended June 30, 2025

PSEG

Eliminations

PSE&G

PSEG Power
& Other(a)

OPERATING REVENUES  

$           6,027

$                  (680)

$            4,695

$          2,012

OPERATING EXPENSES

Energy Costs

2,012

(680)

1,854

838

Operation and Maintenance

1,773

-

1,080

693

Depreciation and Amortization

628

-

555

73

  Total Operating Expenses

4,413

(680)

3,489

1,604

OPERATING INCOME

1,614

-

1,206

408

Net Gains (Losses) on Trust Investments

103

-

-

103

Net Other Income (Deductions)

83

(2)

32

53

Net Non-Operating Pension and OPEB Credits (Costs)

32

-

35

(3)

Interest Expense

(489)

2

(318)

(173)

INCOME BEFORE INCOME TAXES 

1,343

-

955

388

Income Tax Expense

(169)

-

(77)

(92)

NET INCOME

$           1,174

$                         -

$               878

$              296

Reconciling Items Excluded from Net Income(b)

(72)

-

-

(72)

OPERATING EARNINGS (non-GAAP)

$           1,102

$                         -

$               878

$              224

Earnings Per Share

NET INCOME

$             2.35

Reconciling Items Excluded from Net Income(b)

(0.15)

OPERATING EARNINGS (non-GAAP)

$             2.20

(a) Includes activities at PSEG Power, PSEG Long Island, Energy Holdings, PSEG Services Corporation and the Parent.

(b) See Attachments 8 and 9 for details of items excluded from Net Income to compute Operating Earnings (non-GAAP).

Attachment 3 

Public Service Enterprise Group Incorporated

Capitalization Schedule

(Unaudited, $ millions)

June 30,

December 31,

2026

2025

DEBT

Commercial Paper and Loans

$                    950

$                 1,529

Long-Term Debt*

23,591

22,545

Total Debt

24,541

24,074

STOCKHOLDERS' EQUITY

Common Stock

5,026

5,062

Treasury Stock

(1,471)

(1,435)

Retained Earnings

13,853

13,446

Accumulated Other Comprehensive Loss

(79)

(91)

Total Stockholders' Equity

17,329

16,982

Total Capitalization

$               41,870

$               41,056

*Includes current portion of Long-Term Debt

Attachment 4

Public Service Enterprise Group Incorporated

Condensed Consolidated Statements of Cash Flows

(Unaudited, $ millions)

Six Months Ended June 30, 

2026

2025

Cash Flows From Operating Activities

 Net Income

$                     1,075

$                     1,174

 Adjustments to Reconcile Net Income to Net Cash Flows

   From Operating Activities

746

353

Net Cash Provided By (Used In) Operating Activities

1,821

1,527

Net Cash Provided By (Used In) Investing Activities

(1,451)

(1,388)

Net Cash Provided By (Used In) Financing Activities

(310)

(78)

Net Change in Cash, Cash Equivalents and Restricted Cash

60

61

Cash, Cash Equivalents and Restricted Cash at Beginning of Period

156

154

Cash, Cash Equivalents and Restricted Cash at End of Period

$                         216

$                        215

Attachment 5

Public Service Electric & Gas Company

 Retail Sales 

(Unaudited)

June 30, 2026

Electric Sales

Three Months

   Change vs.

Six Months

   Change vs.

Sales (millions kWh)

Ended

2025

Ended

2025

Residential

3,242

3 %

6,732

5 %

Commercial & Industrial

6,316

1 %

13,100

2 %

Other

71

16 %

168

4 %

Total

9,629

2 %

20,000

3 %

Gas Sold and Transported

Three Months

Change vs.

Six Months

Change vs.

Sales (millions therms)

Ended

2025

Ended

2025

Firm Sales

Residential Sales

188

(4 %)

980

4 %

Commercial & Industrial

163

1 %

674

3 %

Total Firm Sales

351

(1 %)

1,654

4 %

Non-Firm Sales*

Commercial & Industrial

190

(45 %)

351

(26 %)

Total Non-Firm Sales

190

351

Total Sales

541

(23 %)

2,005

(3 %)

*Contract Service Gas rate included in non-firm sales

Weather Data*

Three Months

Change vs.

Six Months

Change vs.

Ended

2025

Ended

2025

THI Hours - Actual

5,477

9 %

5,598

9 %

THI Hours - Normal

4,246

4,267

Degree Days - Actual

457

23 %

3,018

10 %

Degree Days - Normal

468

2,919

*Winter weather as defined by heating degree days (HDD) to serve as a measure for the need for heating. For each day, HDD is calculated as HDD = 65°F – the average hourly daily temperature. Summer weather is measured by the temperature-humidity index (THI), which takes into account both the temperature and the humidity to measure the need for air conditioning. Both measures use data provided by the National Oceanic and Atmospheric Administration based on readings from Newark Liberty International Airport. Comparisons to normal are based on twenty years of historic data.

Attachment 6

Nuclear Generation Measures

(Unaudited)

GWh Breakdown

GWh Breakdown

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

Nuclear - NJ

4,952

4,670

10,044

10,134

Nuclear - PA

2,835

2,841

5,732

5,732

7,787

7,511

15,776

15,866

Attachment 7

Public Service Enterprise Group Incorporated

Statistical Measures

(Unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2026

2025

2026

2025

Weighted Average Common Shares Outstanding (millions)

Basic

498

499

498

499

Diluted

499

500

499

500

Stock Price at End of Period

$81.16

$84.18

Dividends Paid per Share of Common Stock 

$0.67

$0.63

$1.34

$1.26

Dividend Yield

3.3 %

3.0 %

Book Value per Common Share

$34.79

$33.43

Market Price as a Percent of Book Value

233 %

252 %

Attachment 8

Public Service Enterprise Group Incorporated

Consolidated Operating Earnings (non-GAAP) Reconciliation

Reconciling Items

Three Months Ended

Six Months Ended

June 30,

June 30,

2026

2025

2026

2025

($ millions, Unaudited)

Net Income

$         334

$      585

$      1,075

$    1,174

(Gain) Loss on Nuclear Decommissioning Trust (NDT) 

Fund Related Activity, pre-tax

(153)

(108)

(147)

(120)

(Gain) Loss on Mark-to-Market (MTM), pre-tax(a)

258

(190)

299

(2)

Income Taxes related to Operating Earnings (non-GAAP) reconciling items(b)

(14)

97

(24)

50

Operating Earnings (non-GAAP)

$         425

$      384

$      1,203

$    1,102

PSEG Fully Diluted Average Shares Outstanding (in millions)

499

500

499

500

($ Per Share Impact - Diluted, Unaudited)

Net Income

$        0.67

$     1.17

$        2.15

$     2.35

(Gain) Loss on NDT Fund Related Activity, pre-tax

(0.30)

(0.22)

(0.29)

(0.25)

(Gain) Loss on MTM, pre-tax(a)

0.52

(0.38)

0.60

-

Income Taxes related to Operating Earnings (non-GAAP) reconciling items(b)

(0.03)

0.20

(0.05)

0.10

Operating Earnings (non-GAAP)

$        0.86

$     0.77

$        2.41

$     2.20

(a) Includes the financial impact from positions with forward delivery months.

(b) Income tax effect calculated at the statutory rate except for qualified NDT related activity, which records an additional 20% trust tax on income (loss) from qualified NDT Funds.

Attachment 9

PSEG Power & Other Operating Earnings (non-GAAP) Reconciliation

Three Months Ended

Six Months Ended

Reconciling Items

June 30,

June 30,

2026

2025

2026

2025

($ millions, Unaudited)

Net Income (Loss)

$           (8)

$      253

$         156

$      296

(Gain) Loss on NDT Fund Related Activity, pre-tax

(153)

(108)

(147)

(120)

(Gain) Loss on MTM, pre-tax(a)

258

(190)

299

(2)

Income Taxes related to Operating Earnings (non-GAAP) reconciling items(b)

(14)

97

(24)

50

Operating Earnings (non-GAAP)

$           83

$        52

$         284

$      224

PSEG Fully Diluted Average Shares Outstanding (in millions)

499

500

499

500

(a) Includes the financial impact from positions with forward delivery months.

(b) Income tax effect calculated at the statutory rate except for qualified NDT related activity, which records an additional 20% trust tax on income (loss) from qualified NDT Funds.

SOURCE PSEG

PSEG (PEG - Free Report) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.8 per share. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +7.50%. A quarter ago, it was expected that this parent company of PSEG Power and Public Service Electric & Gas Co. would post earnings of $1.47 per share when it actually produced earnings of $1.55, delivering a surprise of +5.44%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

PSEG, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $2.55 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 5.38%. This compares to year-ago revenues of $2.81 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

PSEG shares have lost about 4.6% since the beginning of the year versus the S&P 500's gain of 11%.

What's Next for PSEG?While PSEG has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for PSEG was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.18 on $3.31 billion in revenues for the coming quarter and $4.37 on $12.71 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the bottom 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Vistra Corp. (VST - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 7.

This company is expected to post quarterly earnings of $1.83 per share in its upcoming report, which represents a year-over-year change of +81.2%. The consensus EPS estimate for the quarter has been revised 20% higher over the last 30 days to the current level.

Vistra Corp.'s revenues are expected to be $6.29 billion, up 48.1% from the year-ago quarter.

The market expects PSEG (PEG - Free Report) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 4. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis parent company of PSEG Power and Public Service Electric & Gas Co. is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +3.9%.

Revenues are expected to be $2.7 billion, down 3.8% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.62% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for PSEG?For PSEG, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.36%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that PSEG will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that PSEG would post earnings of $1.47 per share when it actually produced earnings of $1.55, delivering a surprise of +5.44%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

PSEG doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAlliant Energy (LNT - Free Report) , another stock in the Zacks Utility - Electric Power industry, is expected to report earnings per share of $0.66 for the quarter ended June 2026. This estimate points to a year-over-year change of -2.9%. Revenues for the quarter are expected to be $1 billion, up 4.3% from the year-ago quarter.

The consensus EPS estimate for Alliant Energy has remained unchanged over the last 30 days. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -11.68%.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Alliant Energy will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Dimensional Fund Advisors LP increased its stake in Public Service Enterprise Group Incorporated (NYSE:PEG – Free Report) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,859,362 shares of the utilities provider’s stock after purchasing an additional 25,864 shares during the period. Dimensional Fund Advisors LP owned 0.37% of Public Service Enterprise Group worth $150,528,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PEG. Vanguard Group Inc. lifted its stake in Public Service Enterprise Group by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 67,498,821 shares of the utilities provider’s stock valued at $5,420,155,000 after buying an additional 2,189,951 shares during the last quarter. State Street Corp grew its position in shares of Public Service Enterprise Group by 2.8% during the fourth quarter. State Street Corp now owns 28,361,198 shares of the utilities provider’s stock worth $2,277,404,000 after acquiring an additional 762,591 shares during the last quarter. Bank of America Corp DE grew its position in shares of Public Service Enterprise Group by 24.7% during the second quarter. Bank of America Corp DE now owns 17,536,584 shares of the utilities provider’s stock worth $1,476,230,000 after acquiring an additional 3,469,886 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Public Service Enterprise Group by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 12,771,343 shares of the utilities provider’s stock worth $1,021,475,000 after acquiring an additional 114,351 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Public Service Enterprise Group by 9.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,009,067 shares of the utilities provider’s stock valued at $674,218,000 after purchasing an additional 715,051 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

Insiders Place Their Bets In related news, COO Kim C. Hanemann sold 3,035 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $82.00, for a total transaction of $248,870.00. Following the completion of the transaction, the chief operating officer owned 98,815 shares of the company’s stock, valued at $8,102,830. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ralph A. Larossa sold 2,083 shares of Public Service Enterprise Group stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $80.51, for a total value of $167,702.33. Following the transaction, the chief executive officer directly owned 285,149 shares in the company, valued at approximately $22,957,345.99. The trade was a 0.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 9,284 shares of company stock valued at $746,145. 0.19% of the stock is currently owned by corporate insiders.

Public Service Enterprise Group Stock Performance Shares of PEG opened at $79.83 on Monday. The firm has a market capitalization of $39.78 billion, a PE ratio of 17.66, a P/E/G ratio of 3.00 and a beta of 0.51. The company has a quick ratio of 0.75, a current ratio of 0.97 and a debt-to-equity ratio of 1.31. The firm has a 50-day moving average price of $79.74 and a 200 day moving average price of $80.84. Public Service Enterprise Group Incorporated has a 52-week low of $76.05 and a 52-week high of $91.25.

Public Service Enterprise Group (NYSE:PEG – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.11. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.35 billion. Public Service Enterprise Group had a net margin of 17.69% and a return on equity of 12.30%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. On average, sell-side analysts anticipate that Public Service Enterprise Group Incorporated will post 4.37 earnings per share for the current fiscal year.

Public Service Enterprise Group Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 9th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Wednesday, September 9th. Public Service Enterprise Group’s dividend payout ratio is 59.29%.

Wall Street Analyst Weigh In A number of research analysts have issued reports on PEG shares. Royal Bank Of Canada started coverage on shares of Public Service Enterprise Group in a research note on Thursday, July 2nd. They set a “sector perform” rating and a $81.00 target price for the company. BMO Capital Markets lifted their price target on Public Service Enterprise Group from $90.00 to $91.00 and gave the company a “market perform” rating in a report on Monday, April 13th. Wall Street Zen upgraded Public Service Enterprise Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut Public Service Enterprise Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Finally, Truist Financial lifted their target price on Public Service Enterprise Group from $88.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.25.

Check Out Our Latest Report on Public Service Enterprise Group

Public Service Enterprise Group Profile (Free Report)

Public Service Enterprise Group (NYSE: PEG) is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company’s activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.

The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.

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Jason Pride, Chief of Investment Strategy and Research at Glenmede, told CNBC on July 10 that investors have tuned out the noise from global conflict as an extraordinary wave of artificial intelligence spending drives corporate growth. “This market is getting desensitized to the geopolitical conflict. At the end of the day, we are in a momentum-driven market,” Pride said.

Pride believes there’s a strong foundation underneath this momentum driven by substantial AI investment. “We are spending almost 3% of GDP on AI build-out per year right now, an astronomical investment. And that’s going into effectively software-like replacement. It’s going into hardware, it’s going into buildings and infrastructure. It’s going into cooling systems,” he said. “That is why we’re seeing this strength in the underlying growth and underlying profits. I think that’s what’s supporting this market.”

Readers looking to find the winning companies riding this AI build-out wave can dig into our Free Report: 7 Stocks Powering the AI Boom (That Aren’t Chipmakers).

The Earnings Behind the Thesis NVIDIA Is Building the Factories of the AI Economy NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) reported Q1 FY2027 revenue of $81.61 billion, up 85.2% year over year, with Data Center revenue of $75.25 billion, up 92%, and networking up 199% year over year. Jensen Huang described the moment as “the largest infrastructure expansion in human history.” Guidance calls for $91.0 billion in Q2, and total supply commitments have reached $119.0 billion. NVIDIA assumed zero H20 Data Center compute revenue from China, versus $4.6 billion in the year-ago quarter. Shares are up 8.86% year to date, with the next report expected on August 26, 2026.

Micron Is Cashing In on an Explosive Memory Shortage Micron Technology (NASDAQ:MU) posted fiscal Q3 2026 revenue of $41.46 billion, up 345.7% year over year, with non-GAAP EPS of $25.11 and Q4 guidance of $50.0 billion ± $1.0 billion. CEO Sanjay Mehrotra tied it to “the strategic value of memory in the AI era.” Shares are up 247.66% year to date. This exemplifies the cyclical revenue growth Pride cited when naming Micron, SK Hynix, and Nvidia.

IBM Shows AI Spending Is Reaching Corporate America IBM (NYSE:IBM) delivered Q1 2026 revenue of $15.92 billion, up 9.5%, with mainframe revenue surging 51% year over year. Arvind Krishna said, “AI continues to be a tailwind for our global business,” with the generative AI book of business topping $12.5 billion inception-to-date.

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Honeywell Reveals Where Geopolitical Risk Still Matters Honeywell (NASDAQ:HON) showed friction. Q1 2026 showed an adjusted EPS beat of $2.45, but revenue of $9.14 billion missed by 1.48%. CEO Vimal Kapur credited execution for “overcoming the impacts of rising inflation and the disruption in the Middle East,” while Building Automation grew 8% organically, driven by data center demand. Honeywell’s Aerospace spin-off completed on June 29, 2026.

Public Service Enterprise Group and The Power Ripple The AI buildout ripples into utilities. Public Service Enterprise Group (NYSE:PEG) reported Q1 2026 non-GAAP EPS of $1.55 and disclosed large-load inquiries of roughly 11,800 MW as of December 31, 2025, tied to data center demand. Shares are up just 1.5% year to date, trading near the 52-week low of $75.39 despite an analyst target of $89.71.

“There Are Going to Be Winners and Losers” Pride believes that history shows that no strong story can continue forever. “We will see a slowdown in that cycle as we have with any investment cycle. What we often see in any technology cycle is we see a ramp of investment as everybody rushes towards the same gold rush, trying to benefit from it. They’re going to be winners and losers from that,” he said

Valuations sit above historical averages, and Pride argues they hold only if businesses’ earnings power holds. The unresolved question is whether AI capex, running at roughly 3% of GDP annually, ultimately clears its hurdle for returns. That answer will take years to play out, but until then, momentum has kept the market climbing.

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Contact [email protected] for any questions or corrections.

With temperatures topping 100 degrees across New Jersey this week, here's how to stay cool, reduce and track your energy usage, and get help with your bill

, /PRNewswire/ -- With temperatures expected to climb to over 100 degrees for several consecutive days this week, PSE&G is prepared to respond and is encouraging customers to take steps now to stay safe, conserve energy and manage their bills.

According to the National Weather Service, temperatures in the upper 90s and over 100 degrees are expected throughout this week, which can increase energy use leading to potentially higher bills as well as increase the potential for power outages.

How is PSE&G preparing for the heat wave?

PSE&G strengthens and modernizes its system year-round from the large transmission lines that carry power to substations, to the wires that run down each street, and prepares its workforce to deliver power safely when extreme weather hits. By continually investing in the electric system and preparing our workforce, we are building a more resilient system and maintaining the high level of reliability our customers and communities expect.

"Each year, PSE&G strengthens and modernizes our system and prepares our workforce to deliver power safely when extreme weather hits," said Paul Toscarelli, vice president, electric operations, PSE&G. "This year has already seen several heat waves, which put real stress on both people and the electric system. This is part of the long-term preparation we do as one of the nation's most reliable utilities."

PSE&G relies on the regional grid operator PJM to ensure the flow of adequate electric supply to meet customer demand all year long and when extreme weather hits. On June 26, PJM issued a hot weather alert that can be found here: Hot Weather Alerts Issued for June 29 to July 3 Ahead of Expected Heat Wave.

How can you stay safe during extreme heat?

Before the temperature rises, know how to stay safe and comfortable while keeping energy use in check.

Tips to Stay Safe in the Heat:

Stay hydrated; avoid alcohol and caffeine Avoid overexertion, especially between 11 a.m. and 6 p.m. Never leave children or pets in enclosed vehicles Know the signs of heat exhaustion and act quickly Wear light, loose-fitting clothing and avoid dark colors If anyone in the household relies on electricity to operate life-sustaining medical equipment, notify PSE&G at 1-800-436-7734 or pseg.com/life. Customers should also have a backup plan in case of an outage. For more heat safety tips, visit RedCross.org.

Why do energy bills rise in hot weather?

Cooling a home uses far more electricity as outdoor temperatures climb: Cooling your home to 75 degrees when it's 95 degrees outside takes 300% more electricity than when it's 85 degrees outside.

That's why hot weather usually means higher energy use, as air conditioners run longer and harder.

How can you lower your energy use this week?

5 ways to cut energy use during the heat wave:

Raise your thermostat when you're not home Use ceiling fans to circulate air (counterclockwise in summer) Close blinds on sun-facing windows Run appliances in early morning or late evening Replace air filters monthly Many PSE&G customers also use energy efficiency programs to manage and reduce usage. For tips, rebates, and to sign up for an energy efficiency audit, visit pseg.com/energyefficiency or pseg.com/saveenergy, or shop at marketplace.pseg.com.

How do you track your energy use?

MyMeter lets you view your electricity use in intervals from 15 minutes to monthly summaries, so you can track and manage usage across your billing cycle. To use MyMeter, log in to My Account online or in the PSE&G mobile app and select MyMeter.

Stay Connected During Outages

PSE&G prepares for summer storms with additional crews to respond safely and quickly. Keep PSE&G's contact information handy to stay connected during extreme weather:

Text OUT to 4PSEG (47734) Download the PSE&G mobile app Visit: pseg.com/outagecenter Call: 1-800-436-PSEG (7734) Follow: @PSEGdelivers on X and @PSEG on Facebook and Instagram What help is available if you need help paying your bill?

PSE&G works with customers, nonprofits and community organizations to share energy assistance options. Customers may qualify for help based on criteria such as income eligibility — for example, the Low Income Home Energy Assistance Program (LIHEAP), or SHARES for customers facing a temporary financial crisis.

PSE&G also offers bill-management tools, including the Equal Payment Plan and Deferred Payment Arrangements. The Equal Payment Plan estimates annual energy costs and divides them into 12 equal monthly payments, so monthly spending is more predictable. Deferred Payment Arrangements let customers pay down past-due balances over an agreed period.

For more on payment assistance, visit pseg.com/help.

About PSE&G 

Public Service Electric & Gas Co. is New Jersey's oldest and largest gas and electric delivery public utility, as well as one of the nation's largest utilities. PSE&G has won the ReliabilityOne(r) Award for superior electric system reliability in the Mid-Atlantic region for 24 consecutive years. In 2025, for the fourth consecutive year, J.D. Power named PSE&G number one in customer satisfaction for residential electric service in the East among large utilities. PSE&G is a subsidiary of Public Service Enterprise Group Inc., (PSEG) (NYSE:PEG), a predominantly regulated infrastructure company named to the Dow Jones Best in Class Index for North America for 18 consecutive years (www.pseg.com).

CONTACTS:
Media Relations
[email protected]
973-430-7734

SOURCE Public Service Electric & Gas Company (PSE&G)

Key Takeaways Aveanna Healthcare joins four GARP picks with discounted PEG and P/E plus a 14.9% long-term growth rate. Hewlett Packard offers discounted PEG and P/E alongside a 32% long-term expected growth rate.Lenovo combines discounted PEG and P/E with a 10.2% long-term expected growth rate as a GARP pick. The current macroeconomic backdrop makes a balanced investment approach particularly compelling. While the U.S. economy continues to expand, sticky inflation, elevated interest rates and lingering geopolitical uncertainties have kept market volatility high. At its June 2026 meeting, the Federal Reserve kept interest rates unchanged while signaling a higher-for-longer policy stance as inflation remained above its 2% target. In such an environment, combining reasonably valued companies with consistent earnings growth can help investors participate in upside opportunities while reducing the risk of overpaying for high-growth stocks.

In fact, the investing track of the Oracle of Omaha over the past few decades and his gradual shift from being a pure-play value investor to a GARP (growth at a reasonable price) investor might give us all the answers.

Per the GARP theory, the strategic mingling of growth and value-investing principles gives us a hybrid strategy, offering an ideal investment by utilizing the best features of both. What GARPers look for is whether or not the stocks are somewhat undervalued and have solid, sustainable growth potential (Investopedia).

Several stocks that have surged significantly in recent years have demonstrated the overwhelming success of this hybrid investing strategy over pure-play value and growth investments. Here, we will discuss the success of four such stocks. These are Aveanna Healthcare (AVAH - Free Report) , Nexa Resources (NEXA - Free Report) , Hewlett Packard (HPE - Free Report) and Lenovo Group (LNVGY - Free Report) .

A Few More Words on GARPGARP investing gives priority to one of the popular value metrics — the price/earnings growth (PEG) ratio. Although it is categorized under value investing, this strategy follows the principles of both growth and value investing.

The PEG ratio is defined as (Price/ Earnings)/Earnings Growth Rate

It relates the stocks’ P/E ratios to the future earnings growth rates.

While P/E alone gives an idea of stocks that are trading at a discount, PEG, while adding the growth element to it, helps identify stocks with solid future potential.

A lower PEG ratio, preferably less than 1, is always better for GARP investors.

Say, for example, if a stock's P/E ratio is 10 and the expected long-term growth rate is 15%, the company's PEG will come down to 0.66, a ratio indicating both undervaluation and future growth potential.

Unfortunately, this ratio is often neglected due to investors' limitations in calculating the future earnings growth rate of a stock.

There are some drawbacks to using the PEG ratio, though. It does not consider the very common situation of changing growth rates, such as the forecast of the first three years at a very high growth rate, followed by a sustainable but lower growth rate over the long term.

Hence, PEG-based investing can be even more rewarding if some other relevant parameters are also taken into consideration.

Here are the screening criteria for a winning strategy:

PEG Ratio less than X Industry Median

P/E Ratio (using F1) less than X Industry Median (For more accurate valuation purpose)

Zacks Rank of 1 (Strong Buy) or 2 (Buy) (Whether good market conditions or bad, stocks with a Zacks Rank #1 or #2 have a proven history of success.)

Market Capitalization greater than $1 Billion (This helps us to focus on companies that have strong liquidity.)

Average 20-Day Volume greater than 50,000: A substantial trading volume ensures that the stock is easily tradable.

Percentage Change F1 Earnings Estimate Revisions (4 Weeks) greater than 5%: Upward estimate revisions add to the optimism, suggesting further bullishness.

Value Score of less than or equal to B: Our research shows that stocks with a Value Style Score of A or B, when combined with a Zacks Rank #1, 2 or 3 (Hold), offer the best upside potential.

Growth Score of less than or equal to B: Our research shows that stocks with a Growth Style Score of A or B, when combined with a Zacks Rank #1, 2 or 3, offer the best upside potential.

Our PEG-Driven PicksHere are four stocks that qualified the screening:

Aveanna is a diversified U.S. home healthcare provider offering pediatric and adult care that helps patients remain at home, reducing reliance on hospitals and skilled nursing facilities. It operates through three segments: Private Duty Services, Home Health & Hospice and Medical Solutions, providing skilled nursing, therapy, personal care and related services.

AVAH can be an impressive GARP investment pick with its Zacks Rank #2, a Value Score of A and a Growth Score of A. Apart from a discounted PEG and P/E, the stock has an impressive long-term expected growth rate of 14.9%.

Nexa Resources is a global zinc mining and smelting company operating through its Mining and Smelting segments. It produces zinc, gold, sulfuric acid, zinc oxide and other metals and by-products, with five polymetallic mines across Peru and Brazil, plus one zinc smelter in Peru and two in Brazil.

NEXA has a Zacks Rank #1, a Value Score of A and a Growth Score of A. Nexa Resources also has an impressive five-year historical growth rate of 49%.

You can see the complete list of today’s Zacks #1 Rank stocks here.

Hewlett Packard develops enterprise IT solutions across five segments: Server, Hybrid Cloud, Networking, Financial Services and Corporate Investments. Hewlett Packard’s portfolio includes servers, hybrid cloud and storage platforms, networking and security products, software and related support services, serving customers worldwide.

HPE stock can be an impressive GARP investment pick with its Zacks Rank #1, a Value Score of B and a Growth Score of B. Apart from a discounted PEG and P/E, Hewlett Packard has an impressive long-term expected growth rate of 32%.

Lenovo develops, manufactures and markets technology products and services through its Intelligent Devices, Infrastructure Solutions and Solutions and Services segments. Its portfolio includes PCs, servers, smartphones, tablets, software, IT infrastructure, consulting, managed services and digital solutions, serving customers worldwide.

LNVGY can also be an impressive GARP investment pick with its Zacks Rank #1, a Value Score of B and a Growth Score of B. Apart from a discounted PEG and P/E, Lenovo also has a solid long-term expected growth rate of 10.2%.

Representative Julia Letlow (Republican-Louisiana) recently bought shares of Leonardo DRS, Inc. (NASDAQ:DRS). In a filing disclosed on March 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Leonardo DRS stock on February 2nd. The trade occurred in the Representative’s “MERRILL LYNCH INVESTMENT ACCOUNT #025” account.

Representative Julia Letlow also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of HF Sinclair (NYSE:DINO) on 2/20/2026. Sold $1,001 – $15,000 in shares of BXP (NYSE:BXP) on 2/20/2026. Purchased $1,001 – $15,000 in shares of Travelers Companies (NYSE:TRV) on 2/20/2026. Sold $1,001 – $15,000 in shares of Expand Energy (NASDAQ:EXE) on 2/17/2026. Sold $1,001 – $15,000 in shares of Public Service Enterprise Group (NYSE:PEG) on 2/17/2026. Purchased $1,001 – $15,000 in shares of Vistra (NYSE:VST) on 2/17/2026. Sold $1,001 – $15,000 in shares of AT&T (NYSE:T) on 2/12/2026. Purchased $1,001 – $15,000 in shares of Extra Space Storage (NYSE:EXR) on 2/12/2026. Sold $1,001 – $15,000 in shares of Icon (NASDAQ:ICLR) on 2/12/2026. Purchased $1,001 – $15,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 2/12/2026. Leonardo DRS Price Performance NASDAQ:DRS opened at $44.84 on Friday. The company has a 50-day moving average of $42.59 and a 200-day moving average of $39.61. The company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 3.31 and a beta of 0.41. Leonardo DRS, Inc. has a 52 week low of $28.17 and a 52 week high of $49.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.60 and a current ratio of 1.89.

Leonardo DRS (NASDAQ:DRS – Get Free Report) last posted its earnings results on Sunday, February 15th. The company reported $0.42 earnings per share for the quarter. Leonardo DRS had a net margin of 7.62% and a return on equity of 11.68%. The business had revenue of $1.06 billion for the quarter. As a group, equities research analysts anticipate that Leonardo DRS, Inc. will post 1.04 earnings per share for the current fiscal year.

Leonardo DRS Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were paid a $0.09 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Leonardo DRS’s dividend payout ratio is currently 34.95%.

Institutional Trading of Leonardo DRS Several hedge funds have recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in shares of Leonardo DRS by 116.8% in the 3rd quarter. First Trust Advisors LP now owns 3,661,214 shares of the company’s stock worth $166,219,000 after acquiring an additional 1,972,596 shares in the last quarter. Norges Bank acquired a new stake in Leonardo DRS during the 4th quarter valued at $37,481,000. Millennium Management LLC raised its position in Leonardo DRS by 152.1% in the 3rd quarter. Millennium Management LLC now owns 1,776,185 shares of the company’s stock valued at $80,639,000 after purchasing an additional 1,071,708 shares during the last quarter. AQR Capital Management LLC boosted its stake in Leonardo DRS by 528.6% in the third quarter. AQR Capital Management LLC now owns 1,273,444 shares of the company’s stock worth $56,000,000 after purchasing an additional 1,070,870 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Leonardo DRS by 30.1% during the second quarter. Invesco Ltd. now owns 3,768,160 shares of the company’s stock worth $175,144,000 after purchasing an additional 870,772 shares during the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

Wall Street Analysts Forecast Growth A number of equities research analysts have weighed in on DRS shares. Truist Financial set a $59.00 price objective on Leonardo DRS in a report on Wednesday, February 25th. Morgan Stanley set a $47.00 target price on Leonardo DRS in a research report on Wednesday, February 25th. Weiss Ratings raised Leonardo DRS from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Bank of America upped their price target on Leonardo DRS from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wall Street Zen lowered Leonardo DRS from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

Read Our Latest Stock Analysis on DRS

Insider Activity In related news, CFO Michael Dippold sold 16,330 shares of Leonardo DRS stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $45.27, for a total value of $739,259.10. Following the completion of the transaction, the chief financial officer directly owned 26,622 shares of the company’s stock, valued at $1,205,177.94. The trade was a 38.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Pamela Morrow sold 12,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $45.20, for a total transaction of $542,400.00. Following the transaction, the senior vice president owned 6,494 shares in the company, valued at approximately $293,528.80. This trade represents a 64.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 40,218 shares of company stock worth $1,719,136. 0.34% of the stock is owned by corporate insiders.

About Representative Letlow Julia Letlow (Republican Party) is a member of the U.S. House, representing Louisiana’s 5th Congressional District. She assumed office on April 14, 2021. Her current term ends on January 3, 2027.

Letlow (Republican Party) is running for re-election to the U.S. House to represent Louisiana’s 5th Congressional District. She declared candidacy for the primary scheduled on November 3, 2026.

Julia Letlow earned a doctorate. Letlow’s career experience includes working as a senior administrator with the University of Louisiana at Monroe.

About Leonardo DRS (Get Free Report)

Leonardo DRS is a U.S.-based defense technology company and wholly owned subsidiary of Italy’s Leonardo S.p.A. The firm specializes in developing and integrating mission-critical systems for military and government customers, with a primary focus on command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR). Its core offerings encompass advanced sensors, targeting systems, radars and electronic warfare solutions designed to enhance situational awareness and operational effectiveness across land, sea and air domains.

The company’s portfolio includes naval combat management systems, unmanned vehicle sensors, power generation and distribution equipment, and training and simulation solutions.

See Also Five stocks we like better than Leonardo DRS Receive News & Ratings for Leonardo DRS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leonardo DRS and related companies with MarketBeat.com's FREE daily email newsletter.

, /PRNewswire/ -- PSEG Long Island is celebrating Earth Day all month long by distributing free trees and handing out LED lightbulbs and reusable shopping bags throughout Long Island and the Rockaways.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/pseg-long-island/9334151-en-pseg-long-island-is-celebrating-earth-day-all-month-long

Free Energy-Saving Tree Giveaway, Suffolk County

PSEG Long Island Celebrates Earth Month

PSEG Long Island Celebrates Earth Month

PSEG Long Island Celebrates Earth Month To read the full press release, click here.

"At PSEG Long Island, Earth Day is a time to showcase the ways that we can help the environment and also help drive affordability over the long term," said Scott Jennings, PSEG Long Island's president and COO. "Customers who strategically plant trees in their yards can save up to 20% on their home's summer energy bills once the trees are fully grown, while also improving air quality and reducing storm water runoff across Long Island and the Rockaways."

Energy Saving Trees giveaway
PSEG Long Island, Suffolk County and the Rockaway Initiative for Sustainability and Equity (RISE) are partnering with the PSEG Foundation and the Arbor Day Foundation to provide 500 customers with a free tree. For customers in Suffolk and Nassau counties, the trees can be reserved at https://get.arborday.org/pseg starting Wednesday, April 1, until all trees are claimed.

"Trees add beauty to neighborhoods and provide places of respite, along with many other benefits such as helping reduce energy consumption and filter pollutants that may negatively affect community health and wellbeing," said Calvin Ledford, president of the PSEG Foundation. "The PSEG Foundation is proud to support the Energy-Saving Trees program."

LED lightbulbs and shopping bags
PSEG Long Island volunteers will also be in local communities throughout the month to distribute reusable bags and free LED lightbulbs to save customers money and energy.

For more information, visit www.psegliny.com/earthday.

PSEG Long Island
PSEG Long Island operates the Long Island Power Authority's transmission and distribution system under a long-term contract. PSEG Long Island is a subsidiary of Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), a publicly traded diversified energy company.

Visit PSEG Long Island at:
psegliny.com
PSEG Long Island on Facebook
PSEG Long Island on Instagram
PSEG Long Island on X (formerly Twitter)
PSEG Long Island on LinkedIn
PSEG Long Island on YouTube
PSEG Long Island on Flickr

About PSEG Foundation
The PSEG Foundation 501(c)(3), the philanthropic arm of Public Service Enterprise Group (PSEG) (NYSE:PEG), prioritizes investments in promoting environmental sustainability, social justice, and equity and economic empowerment.

Contact: Media Relations Pager
516.229.7248
[email protected]

SOURCE PSEG Long Island

Also from this source

Public Service Enterprise Group is leveraging its nuclear assets to meet surging AI-driven data center power demand, positioning itself as an AI infrastructure play. PEG delivered robust 2025 results: $4.05 non-GAAP EPS, 18% revenue growth, and a 6% dividend increase, signaling strong execution and cash flow confidence. Guidance for 2026 targets $4.28–$4.40 EPS, 7% growth, and continued outperformance, underpinned by new rate approvals and a $25B CapEx plan.

, /PRNewswire/ -- Public Service Enterprise Group Incorporated (PSEG) will host its first quarter 2026 earnings call at 11:00 a.m. ET on Tuesday, May 5, during which management will discuss first quarter financial results, financial guidance, capital investments, regulatory activities, and other important matters.

The audio webcast can be accessed at that time, along with accompanying presentation materials, on the Investor News and Events section of PSEG's Investor Relations website at https://investor.pseg.com.

A replay of the audio webcast, along with the accompanying presentation materials, will be available on the Investor News and Events section of PSEG's Investor Relations website by May 6.

About PSEG
Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers.  PSEG also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in NJ and PA. PSEG aims to power a future where people use energy more efficiently, and it's safer and delivered more reliably than ever. PSEG is a member of the S&P 500 Index and has been named to the Dow Jones Sustainability North America Index for 17 consecutive years. PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).

From time to time, PSEG and PSE&G release important information via postings on their corporate Investor Relations website at https://investor.pseg.com. Investors and other interested parties are encouraged to visit the Investor Relations website to review new postings.  You can sign up for automatic email alerts regarding new postings at the bottom of the webpage at https://investor.pseg.com or by navigating to the Email Alerts webpage here. 

CONTACTS:

Investor Relations

Media Relations

(973) 430-6565

(973) 430-7734

[email protected]

[email protected]

SOURCE PSEG

, /PRNewswire-HISPANIC PR WIRE/ -- El 18 de abril, en honor al Día Nacional de Agradecimiento a los Trabajadores de la Red Eléctrica, PSEG Long Island se toma el tiempo necesario para reconocer el esfuerzo y la dedicación de su personal de campo a garantizar el suministro eléctrico.

PSEG Long Island cuenta con aproximadamente 700 operarios de línea, tanto fijos como subcontratados, que trabajan arduamente en el mantenimiento y reparación de la red eléctrica. (Crédito: PSEG Long Island) (PRNewsfoto/PSEG Long Island) Los operarios de línea y el personal de campo de PSEG Long Island trabajan por turnos, las 24 horas del día, y deben estar preparados para responder a cualquier llamada de emergencia en condiciones difíciles, con el fin de garantizar un servicio eléctrico seguro y confiable a 1,2 millones de clientes en Long Island y los Rockaways.

"PSEG Long Island no podría ser el proveedor de servicios eléctricos aéreos más confiable del estado sin nuestros operarios de línea y el resto del personal de campo", afirmó Michael Sullivan, vicepresidente de Operaciones Eléctricas de PSEG Long Island. "Ya sea sustituyendo equipos en un día soleado o trabajando en turnos de 16 horas cuando se producen tormentas, ventiscas de nieve u otras catástrofes naturales, les estamos muy agradecidos por su dedicación y esfuerzo incansables las 24 horas del día, los 7 días de la semana".

PSEG Long Island cuenta con aproximadamente 700 operarios de línea, tanto fijos como subcontratados que desempeñan un papel fundamental a la hora de garantizar que los clientes reciban el mejor servicio posible, como esperan y se merecen.

PSEG Long Island
PSEG Long Island opera el sistema de transmisión y distribución de Long Island Power Authority en virtud de un contrato a largo plazo. PSEG Long Island es una filial de Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), empresa energética diversificada que cotiza en bolsa.

Visite PSEG Long Island en:
psegliny.com
PSEG Long Island en Facebook
PSEG Long Island en Instagram
PSEG Long Island en X (antes Twitter)
PSEG Long Island en LinkedIn
PSEG Long Island en YouTube
PSEG Long Island en Flickr

CONTACTO: Localizador de Relaciones con los Medios
516.229.7248
[email protected]

Foto - https://mma.prnewswire.com/media/2959621/PSEG_Long_Island_Lineworkers.jpg
Logotipo - https://mma.prnewswire.com/media/78314/5923604/PSEG_Long_Island_New_Logo.jpg

FUENTE PSEG Long Island

Posted by Defense World Staff on Apr 23rd, 2026

Caliber Wealth Management LLC KS cut its holdings in Public Service Enterprise Group Incorporated (NYSE:PEG – Free Report) by 88.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,570 shares of the utilities provider’s stock after selling 27,154 shares during the period. Caliber Wealth Management LLC KS’s holdings in Public Service Enterprise Group were worth $287,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Nordea Investment Management AB grew its stake in shares of Public Service Enterprise Group by 28.6% in the fourth quarter. Nordea Investment Management AB now owns 2,266,925 shares of the utilities provider’s stock valued at $182,759,000 after acquiring an additional 504,632 shares in the last quarter. JARISLOWSKY FRASER Ltd lifted its position in Public Service Enterprise Group by 107.1% during the third quarter. JARISLOWSKY FRASER Ltd now owns 1,025,305 shares of the utilities provider’s stock worth $85,572,000 after purchasing an additional 530,248 shares during the period. Railway Pension Investments Ltd lifted its position in Public Service Enterprise Group by 97.5% during the third quarter. Railway Pension Investments Ltd now owns 1,897,800 shares of the utilities provider’s stock worth $158,390,000 after purchasing an additional 937,100 shares during the period. Assetmark Inc. lifted its position in Public Service Enterprise Group by 4.6% during the third quarter. Assetmark Inc. now owns 893,950 shares of the utilities provider’s stock worth $74,609,000 after purchasing an additional 38,949 shares during the period. Finally, Greenland Capital Management LP lifted its position in Public Service Enterprise Group by 238.9% during the third quarter. Greenland Capital Management LP now owns 69,734 shares of the utilities provider’s stock worth $5,820,000 after purchasing an additional 49,157 shares during the period. 73.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In PEG has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Public Service Enterprise Group in a research report on Friday, March 27th. Wall Street Zen cut shares of Public Service Enterprise Group from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Scotiabank reaffirmed a “sector perform” rating and set a $92.00 price objective on shares of Public Service Enterprise Group in a research report on Thursday, February 26th. JPMorgan Chase & Co. upped their price objective on shares of Public Service Enterprise Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Finally, Barclays upped their price objective on shares of Public Service Enterprise Group from $81.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.25.

Get Our Latest Report on PEG

Public Service Enterprise Group Stock Down 0.1% PEG stock opened at $78.49 on Thursday. The stock has a market capitalization of $39.14 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 2.56 and a beta of 0.58. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.28. Public Service Enterprise Group Incorporated has a 12 month low of $76.00 and a 12 month high of $91.25. The firm has a 50-day moving average price of $82.97 and a 200-day moving average price of $81.73.

Public Service Enterprise Group (NYSE:PEG – Get Free Report) last posted its earnings results on Thursday, February 26th. The utilities provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.68 billion. Public Service Enterprise Group had a net margin of 17.35% and a return on equity of 12.11%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 earnings per share. Public Service Enterprise Group has set its FY 2026 guidance at 4.280-4.400 EPS. As a group, equities research analysts anticipate that Public Service Enterprise Group Incorporated will post 4.36 EPS for the current fiscal year.

Public Service Enterprise Group Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.4%. Public Service Enterprise Group’s dividend payout ratio is 63.51%.

Insider Transactions at Public Service Enterprise Group In other news, CEO Ralph A. Larossa sold 2,083 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $81.24, for a total value of $169,222.92. Following the completion of the transaction, the chief executive officer owned 291,398 shares of the company’s stock, valued at approximately $23,673,173.52. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard T. Thigpen sold 4,700 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $83.00, for a total transaction of $390,100.00. Following the completion of the transaction, the senior vice president directly owned 28,481 shares of the company’s stock, valued at $2,363,923. This trade represents a 14.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,866 shares of company stock valued at $733,587 in the last three months. Company insiders own 0.19% of the company’s stock.

Public Service Enterprise Group Company Profile (Free Report)

Public Service Enterprise Group (NYSE: PEG) is a diversified energy company that operates primarily in New Jersey. Its core businesses include a regulated utility that delivers electric and natural gas service to residential, commercial and industrial customers, as well as generation and energy services operations that participate in wholesale power markets. The company’s activities encompass transmission and distribution, power generation operations, and related energy infrastructure services.

The regulated utility arm, Public Service Electric and Gas Company (PSE&G), is responsible for owning and maintaining electric and gas networks, connecting customers, performing meter and billing services, and managing system reliability and storm response.

See Also Five stocks we like better than Public Service Enterprise Group

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$1.48 PER SHARE NET INCOME

$1.55 PER SHARE NON-GAAP OPERATING EARNINGS

Maintains 2026 Non-GAAP Operating Earnings Guidance of $4.28 - $4.40 Per Share

, /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported the following results for the first quarter 2026:

PSEG Consolidated (unaudited)
First Quarter Comparative Results

Income

Earnings Per Share 

($ millions, except per share amounts)

1Q 2026

1Q 2025

1Q 2026

1Q 2025

Net Income

$741

$589

$1.48

$1.18

  Reconciling Items

37

129

0.07

0.25

Non-GAAP Operating Earnings

$778

$718

$1.55

$1.43

  Average Shares Outstanding (Diluted)    

500

500

See Attachments 7 and 8 for a complete list of items excluded from Net Income in the determination of non-GAAP Operating Earnings.

"PSEG delivered a solid operating and financial performance to begin the year," said Ralph LaRossa, PSEG's chair, president and CEO. "Our teams across PSE&G and PSEG Power successfully responded to multiple extreme weather events during the first quarter. These included the worst winter storm to hit our service territory in the past 30 years and several days of single digit temperatures that prompted our highest gas send-out since 2019. PSEG's investments in critical energy infrastructure and our dedicated workforce that worked tirelessly to restore service in frigid conditions proved to be the key factors in our ability to deliver best-in-class storm response and reliability."

 "PSEG has worked with the Governor's Office and the New Jersey Board of Public Utilities to keep electric rates flat in 2026, in keeping with Governor Sherrill's Executive Orders 1 & 2 addressing utility costs and generation supply. PSE&G rates will also benefit from the update to reflect the latest Basic Generation Service auction results effective on June 1. On February 1st, we also kept our residential natural gas rate flat for the remainder of the 2025-2026 winter heating season, providing our customers with the lowest gas bills in New Jersey and in the region. PSEG Nuclear also had a strong first quarter, supplying 8 TWh of reliable, carbon-free baseload energy to New Jersey and the grid." 

LaRossa added, "We continue to execute on our long-term strategy to grow PSEG's non-GAAP Operating Earnings by a compound annual rate of 6% to 8% through 2030 – without the need to issue new equity or sell assets – which remains a core differentiator from our peers."

PSEG Results by Segment (unaudited)
First Quarter Comparative Results 

($ millions)

1Q 2026 

1Q 2025 

PSE&G Net Income/Non-GAAP Operating Earnings

$577

$546

PSEG Power & Other Net Income

164

43

Total PSEG Net Income 

$741

$589

PSEG Power & Other Non-GAAP Operating Earnings 

$201

$172

Total PSEG Non-GAAP Operating Earnings    

$778

$718

PSE&G's results for the first quarter reflect ongoing investments in Energy Efficiency, Gas System Modernization and Transmission; the seasonality of gas demand during the winter months; and the continued, gradual increase in the number of electric and gas customers. These results were partially offset by higher operation and maintenance costs as well as higher depreciation and interest expense related to incremental investments.

PSEG Power & Other results for the quarter reflect higher realized prices and lower operation and maintenance costs, partly offset by lower generating volume and the absence of zero emission certificates. 

PSEG will host a conference call to review its first quarter 2026 results, earnings guidance, and other matters with the financial community at 11:00 a.m. ET today.  Please register to access this event by visiting: https://investor.pseg.com/investor-news-and-events

About PSEG

Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers. PSEG also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in NJ and PA. PSEG aims to power a future where people use energy more efficiently, and it's safer and delivered more reliably than ever. PSEG is a member of the S&P 500 Index and has been named to the Dow Jones Best-in-Class North America Index for 18 consecutive years. PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).

Non-GAAP Financial Measures

Management uses non-GAAP Operating Earnings in its internal analysis, and in communications with investors and analysts, as a consistent measure for comparing PSEG's financial performance to previous financial results. Operating Earnings is a non-GAAP financial measure that differs from Net Income. Non-GAAP Operating Earnings exclude the impact of gains (losses) associated with the Nuclear Decommissioning Trust (NDT), Mark-to-Market (MTM) accounting and other material infrequent items.

See Attachments 7 and 8 for a complete list of items excluded from Net Income in the determination of non-GAAP Operating Earnings. The presentation of non-GAAP Operating Earnings is intended to complement and should not be considered an alternative to the presentation of Net Income, which is an indicator of financial performance determined in accordance with GAAP. In addition, non-GAAP Operating Earnings as presented in this report may not be comparable to similarly titled measures used by other companies.

Due to the forward-looking nature of non-GAAP Operating Earnings guidance, PSEG is unable to reconcile this non-GAAP financial measure to the most directly comparable GAAP financial measure because comparable GAAP measures are not reasonably accessible or reliable due to the inherent difficulty in forecasting and quantifying measures that would be required for such reconciliation. Namely, we are not able to reliably project without unreasonable effort MTM and NDT gains (losses), for future periods due to market volatility. These items are uncertain, depend on various factors, and may have a material impact on our future GAAP results.

Forward-Looking Statements

Certain of the matters discussed in this report about our and our subsidiaries' future performance, including, without limitation, future revenues, earnings, strategies, prospects, consequences, and all other statements that are not purely historical constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such statements are based on management's beliefs as well as assumptions made by and information currently available to management. When used herein, the words "anticipate," "intend," "estimate," "believe," "expect," "plan," "should," "hypothetical," "potential," "forecast," "project," variations of such words and similar expressions are intended to identify forward-looking statements. Factors that may cause actual results to differ are often presented with the forward-looking statements themselves. Other factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are discussed in filings we make with the United States Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K and subsequent reports on Form 10-Q and Form 8-K. These factors include, but are not limited to:

any inability to successfully develop, obtain regulatory approval for, or construct transmission and distribution, and our nuclear generation projects; significant resource adequacy challenges that present affordability and reliability concerns and that could cause
policymakers to implement responsive measures that could have a material, adverse impact on our business, strategy, growth rates, cash flows, results of operations, and financial condition and increase regulatory uncertainty for utility investment initiatives and programs; the physical, financial and transition risks related to climate change, including risks relating to potentially increased legislative and regulatory burdens, changing customer preferences and lawsuits; any equipment failures, gas explosions, accidents, critical operating technology or business system failures, natural disasters, severe weather events, acts of war, terrorism or other acts of violence, sabotage, physical attacks or security breaches, cyberattacks or other incidents that may impact our ability to provide safe and reliable service to our customers; any inability to recover the carrying amount of our long-lived assets; disruptions or cost increases in our supply chain, including labor shortages; any inability to maintain sufficient liquidity or access sufficient capital on commercially reasonable terms; the impact of cybersecurity attacks or intrusions or other disruptions to our information technology, operational or other systems; failure to attract and retain a qualified workforce; increases in the costs of equipment, materials, fuel, services and labor; the impact of our covenants in our debt instruments and credit agreements on our business; adverse performance of our defined benefit plan trust funds and Nuclear Decommissioning Trust Fund and increases in funding requirements; any inability to enter into or extend certain significant contracts; development, adoption and use of Artificial Intelligence by us and our third-party vendors; fluctuations in, or third-party default risk in wholesale power and natural gas markets, including the potential impacts on the economic viability of our generation units; the ability to obtain adequate nuclear fuel supply; changes in technology related to energy generation, distribution and consumption and changes in customer usage patterns; third-party credit risk relating to our sale of nuclear generation output and purchase of nuclear fuel; any inability to meet our commitments under forward sale obligations and Regional Transmission Organization rules; risks associated with generation activities at, and operation of, the Peach Bottom plants, which are similar to those to which nuclear generation plants that we operate are subject; the impact of changes in state and federal legislation and regulations on our business, including PSE&G's ability to recover costs and earn returns on authorized investments; PSE&G's proposed investment projects or programs may not be fully approved by regulators and its capital investment may be lower than planned; our ability to receive sufficient financial support for our New Jersey nuclear plants from the markets, and/or production tax credits; adverse changes in and non-compliance with energy industry laws, policies, regulations and standards, including market structures and transmission planning and transmission returns; risks associated with our ownership and operation of nuclear facilities, including increased nuclear fuel storage costs, regulatory risks, such as compliance with the Atomic Energy Act and trade control, environmental and other regulations, as well as operational, financial, environmental and health and safety risks; changes in or violation of federal, state and local environmental laws and regulations and enforcement; delays in receipt of, or an inability to receive, necessary licenses and permits and siting approvals; and changes in tax laws and regulations. All of the forward-looking statements made in this report are qualified by these cautionary statements and we cannot assure you that the results or developments anticipated by management will be realized or even if realized, will have the expected consequences to, or effects on, us or our business, prospects, financial condition, results of operations or cash flows. Readers are cautioned not to place undue reliance on these forward-looking statements in making any investment decision. Forward-looking statements made in this report apply only as of the date of this report. While we may elect to update forward-looking statements from time to time, we specifically disclaim any obligation to do so, even in light of new information or future events, unless otherwise required by applicable securities laws.

The forward-looking statements contained in this report are intended to qualify for the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

Attachment 1

Public Service Enterprise Group Incorporated

Consolidating Statements of Operations

(Unaudited, $ millions, except per share data)

Three Months Ended March 31, 2026

PSEG

Eliminations

PSE&G

PSEG Power
& Other(a)

OPERATING REVENUES  

$          3,848

$                 (653)

$           3,085

$          1,416

OPERATING EXPENSES

Energy Costs

1,507

(653)

1,358

802

Operation and Maintenance

937

-

637

300

Depreciation and Amortization

329

-

295

34

  Total Operating Expenses

2,773

(653)

2,290

1,136

OPERATING INCOME

1,075

-

795

280

Net Gains (Losses) on Trust Investments

(17)

-

-

(17)

Net Other Income (Deductions)

43

-

19

24

Net Non-Operating Pension and OPEB Credits (Costs)

19

-

17

2

Interest Expense

(272)

-

(175)

(97)

INCOME BEFORE INCOME TAXES 

848

-

656

192

Income Tax Expense

(107)

-

(79)

(28)

NET INCOME

$             741

$                       -

$              577

$             164

Reconciling Items Excluded from Net Income(b)

37

-

-

37

OPERATING EARNINGS (non-GAAP)

$             778

$                       -

$              577

$             201

Earnings Per Share

NET INCOME

$            1.48

Reconciling Items Excluded from Net Income(b)

0.07

OPERATING EARNINGS (non-GAAP)

$            1.55

Three Months Ended March 31, 2025

PSEG

Eliminations

PSE&G

PSEG Power
& Other(a)

OPERATING REVENUES  

$          3,222

$                 (534)

$           2,664

$          1,092

OPERATING EXPENSES

Energy Costs

1,186

(534)

1,094

626

Operation and Maintenance

919

-

576

343

Depreciation and Amortization

320

-

280

40

  Total Operating Expenses

2,425

(534)

1,950

1,009

OPERATING INCOME

797

-

714

83

Net Gains (Losses) on Trust Investments

8

-

-

8

Net Other Income (Deductions)

37

(1)

16

22

Net Non-Operating Pension and OPEB Credits (Costs)

16

-

17

(1)

Interest Expense

(241)

1

(157)

(85)

INCOME BEFORE INCOME TAXES 

617

-

590

27

Income Tax (Expense) Benefit

(28)

-

(44)

16

NET INCOME

$             589

$                       -

$              546

$               43

Reconciling Items Excluded from Net Income(b)

129

-

-

129

OPERATING EARNINGS (non-GAAP)

$             718

$                       -

$              546

$             172

Earnings Per Share

NET INCOME

$            1.18

Reconciling Items Excluded from Net Income(b)

0.25

OPERATING EARNINGS (non-GAAP)

$            1.43

(a) Includes activities at PSEG Power, PSEG Long Island, Energy Holdings, PSEG Services Corporation and the Parent.

(b) See Attachments 7 and 8 for details of items excluded from Net Income to compute Operating Earnings (non-GAAP).

Attachment 2

Public Service Enterprise Group Incorporated

Capitalization Schedule

(Unaudited, $ millions)

March 31,

December 31,

2026

2025

DEBT

Commercial Paper and Loans

$                1,165

$                1,529

Long-Term Debt*

23,090

22,545

Total Debt

24,255

24,074

STOCKHOLDERS' EQUITY

Common Stock

5,010

5,062

Treasury Stock

(1,475)

(1,435)

Retained Earnings

13,853

13,446

Accumulated Other Comprehensive Loss

(85)

(91)

Total Stockholders' Equity

17,303

16,982

Total Capitalization

$              41,558

$              41,056

*Includes current portion of Long-Term Debt

Attachment 3

Public Service Enterprise Group Incorporated

Condensed Consolidated Statements of Cash Flows

(Unaudited, $ millions)

 Three Months Ended March 31, 

2026

2025

Cash Flows From Operating Activities

 Net Income

$                       741

$                       589

 Adjustments to Reconcile Net Income to Net Cash Flows

   From Operating Activities

530

460

Net Cash Provided By (Used In) Operating Activities

1,271

1,049

Net Cash Provided By (Used In) Investing Activities

(736)

(618)

Net Cash Provided By (Used In) Financing Activities

(263)

345

Net Change in Cash, Cash Equivalents and Restricted Cash

272

776

Cash, Cash Equivalents and Restricted Cash at Beginning of Period     

156

154

Cash, Cash Equivalents and Restricted Cash at End of Period

$                       428

$                       930

 Attachment 4

Public Service Electric & Gas Company

 Retail Sales 

(Unaudited)

March 31, 2026

Electric Sales

Three Months

Change vs.

Sales (millions kWh)

Ended

2025

Residential

3,490

6 %

Commercial & Industrial

6,784

3 %

Other

97

(4 %)

Total

10,371

4 %

Gas Sold and Transported

Three Months

Change vs.

Sales (millions therms)

Ended

2025

Firm Sales

Residential Sales

792

6 %

Commercial & Industrial

511

3 %

Total Firm Sales

1,303

5 %

Non-Firm Sales*

Commercial & Industrial

161

24 %

Total Non-Firm Sales

161

Total Sales

1,464

7 %

*Contract Service Gas rate included in non-firm sales

Weather Data*

Three Months

Change vs.

Ended

2025

Degree Days - Actual

2,561

8 %

Degree Days - Normal

2,451

*Winter weather as defined by heating degree days (HDD) to serve as a measure for the need for heating. For each day, HDD is calculated as HDD = 65°F – the average hourly daily temperature. The measures use data provided by the National Oceanic and Atmospheric Administration based on readings from Newark Liberty International Airport. Comparisons to normal are based on twenty years of historic data.

Attachment 5

Nuclear Generation Measures

(Unaudited)

GWh Breakdown

Three Months Ended

March 31,

2026

2025

Nuclear - NJ          

5,092

5,464

Nuclear - PA

2,897

2,891

7,989

8,355

Attachment 6

Public Service Enterprise Group Incorporated

Statistical Measures

(Unaudited)

Three Months Ended March 31,

2026

2025

Weighted Average Common Shares Outstanding (millions)     

Basic

499

498

Diluted

500

500

Stock Price at End of Period

$80.95

$82.30

Dividends Paid per Share of Common Stock 

$0.67

$0.63

Dividend Yield

3.3 %

3.1 %

Book Value per Common Share

$34.75

$32.83

Market Price as a Percent of Book Value

233 %

251 %

Attachment 7

Public Service Enterprise Group Incorporated

Consolidated Operating Earnings (non-GAAP) Reconciliation

Reconciling Items

Three Months Ended

March 31,

2026

2025

($ millions, Unaudited)

Net Income

$          741

$       589

(Gain) Loss on Nuclear Decommissioning Trust (NDT) 

Fund Related Activity, pre-tax

6

(12)

(Gain) Loss on Mark-to-Market (MTM), pre-tax(a)

41

188

Income Taxes related to Operating Earnings (non-GAAP) reconciling items(b)     

(10)

(47)

Operating Earnings (non-GAAP)

$          778

$       718

PSEG Fully Diluted Average Shares Outstanding (in millions)

500

500

($ Per Share Impact -
Diluted, Unaudited)

Net Income

$         1.48

$      1.18

(Gain) Loss on NDT Fund Related Activity, pre-tax

0.01

(0.03)

(Gain) Loss on MTM, pre-tax(a)

0.08

0.38

Income Taxes related to Operating Earnings (non-GAAP) reconciling items(b)

(0.02)

(0.10)

Operating Earnings (non-GAAP)

$         1.55

$      1.43

(a) Includes the financial impact from positions with forward delivery months.

(b) Income tax effect calculated at the statutory rate except for qualified NDT related activity, which records an additional 20% trust tax on income (loss) from qualified NDT Funds.

Attachment 8

PSEG Power & Other Operating Earnings (non-GAAP) Reconciliation

Three Months Ended

Reconciling Items

March 31,

2026

2025

($ millions, Unaudited)

Net Income

$          164

$         43

(Gain) Loss on NDT Fund Related Activity, pre-tax

6

(12)

(Gain) Loss on MTM, pre-tax(a)

41

188

Income Taxes related to Operating Earnings (non-GAAP) reconciling items(b)     

(10)

(47)

Operating Earnings (non-GAAP)

$          201

$       172

PSEG Fully Diluted Average Shares Outstanding (in millions)

500

500

(a) Includes the financial impact from positions with forward delivery months.

(b) Income tax effect calculated at the statutory rate except for qualified NDT related activity, which records an additional 20% trust tax on income (loss) from qualified NDT Funds.

SOURCE PSEG

Key Takeaways PEG Q1 adjusted EPS rose to $1.55, beating estimates, while GAAP EPS increased to $1.48.PSEG revenues climbed to $3.85B, topping consensus, as electric and gas sales volumes rose year over year.PSEG operating income jumped to $1.08B, while expenses and interest costs also increased from last year. Public Service Enterprise Group Incorporated (PEG - Free Report) , or PSEG, reported first-quarter 2026 adjusted earnings of $1.55 per share, which beat the Zacks Consensus Estimate of $1.47 by 5.6%. Earnings increased 8.4% from the prior-year reported figure of $1.43.

The company reported GAAP earnings per share (EPS) of $1.48 compared with $1.18 in the corresponding period of 2025.

PEG’s Total RevenuesOperating revenues totaled $3.85 billion, which surpassed the Zacks Consensus Estimate of $3.27 billion by 17.6%. The top line also increased 19.4% from the year-ago figure of $3.22 billion.

Sales Volume of PEGElectric sales volume totaled 10,371 million kilowatt-hours, which increased 4% year over year. On the other hand, gas sales volume rose 7% to 1,464 million therms.

Under electric sales, residential sales volume totaled 3,490 million kilowatt-hours, up 6% from the prior-year figure. Its commercial and industrial sales volume totaled 6,784 million kilowatt-hours, reflecting year-over-year growth of 3%.

Other sales amounted to 97 million kilowatt-hours, down 4% from the year-ago recorded number.

Total gas sales witnessed year-over-year growth of 5% in firm sales volume. Non-firm gas sales volume increased 24%.

Highlights of PEG’s Earnings ReleaseThe operating income totaled $1.08 billion compared with $0.8 billion in the year-ago period, reflecting an increase of 34.9%.

Total operating expenses were $2.77 billion, up 14.4% from the year-ago figure.

Interest expenses amounted to $272 million, which increased 12.9% year over year.

Segmental Performance of PEGPSE&G: This segment’s net income was $577 million, up from $546 million in the first quarter of 2025.

PSEG Power & Other: Adjusted operating income for this unit amounted to $201 million compared with $172 million in the prior-year quarter.

Financial Update of PEGThe long-term debt (including the current portion of the long-term debt) as of March 31, 2026 was $23.09 billion compared with $22.55 billion as of Dec. 31, 2025.

The net cash flow from operating activities was $1.27 billion during the first three months of 2026 compared with $1.05 billion during the first three months of 2025.

PEG’s 2026 GuidancePEG expects adjusted earnings to be in the range of $4.28-$4.40 per share. The Zacks Consensus Estimate for earnings is currently pegged at $4.36, which lies above the midpoint of the company’s guided range.

PEG’s Zacks RankPEG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Utility ReleasesEdison International (EIX - Free Report) reported first-quarter 2026 adjusted earnings of $1.42 per share, which surpassed the Zacks Consensus Estimate of $1.32 by 7.6%. The bottom line also increased 3.6% from $1.37 in the year-ago quarter.

Edison International's first-quarter operating revenues totaled $4.1 billion, which beat the Zacks Consensus Estimate of $3.99 billion by 2.8%. The top line also increased 7.7% from the year-ago quarter’s figure of $3.81 billion.

CenterPoint Energy, Inc. (CNP - Free Report) reported first-quarter 2026 adjusted earnings of 56 cents per share, which missed the Zacks Consensus Estimate of 58 cents by 3.8%. However, the bottom line increased 5.7% from 53 cents in the year-ago quarter.

CNP generated revenues of $2.98 billion, which lagged the Zacks Consensus Estimate of $3.04 billion by 1.4%. However, the top line improved 2% from the year-ago reported figure of $2.92 billion.

PG&E Corporation (PCG - Free Report) reported first-quarter 2026 adjusted earnings per share (EPS) of 43 cents, which beat the Zacks Consensus Estimate of 39 cents by 10.3%. The bottom line also increased 30.3% from the year-ago quarter’s figure of 33 cents.

PCG reported first-quarter total revenues of $6.88 billion, up 15% from $5.98 billion registered in the year-ago period. The top line also surpassed the Zacks Consensus Estimate of $6.46 billion by 6.6%.

, /PRNewswire/ -- Public Service Enterprise Group (PSEG), a predominantly regulated energy infrastructure company serving approximately 2.4 million electric and 1.9 million natural gas customers in New Jersey, has once again been named to the Dow Jones Best-in-Class North America Index (formerly Dow Jones Sustainability Index) for the 18th consecutive year.

This recognition highlights how PSEG cares for the people and communities we serve, and how our business strategy and operations guide that care.

The Dow Jones Best-in-Class North America Index from S&P Global recognizes companies for their long-term environmental performance, sustainability practices and community and workforce support.

"Being recognized on the Dow Jones Index again this year reinforces PSEG's longstanding commitment to sustainable practices in its operations," said Rick Thigpen, senior vice president for corporate citizenship. "By respecting the environment, caring for our communities and developing our workforce we are taking steps to help create a stronger and more resilient future for everyone. This recognition continues to highlight that our value creation mission which starts with operational excellence and financial discipline continues to be enhanced by practices that further stakeholder alignment and community engagement."

PSEG's focus on sustainable operations

PSEG continues to focus on sustainability, including energy efficiency and biodiversity. Recent examples of sustainability-related work include:

Expanding energy efficiency programs that help customers save energy and save nearly $960 million per yearContinuing to operate PSEG's nuclear plants in South Jersey, which provide over 80% of New Jersey's carbon-free generation and 40% of New Jersey's total energyContinuing work that has reduced operational greenhouse gas (GHG) emissions. PSEG previously achieved a 95 percent reduction in Scope 1 and 2 operational GHG emissions from the 2005 baseline through strategic initiatives such as retiring older fossil generation, divesting remaining fossil assets, modernizing the gas system, upgrading equipment and improving efficiency across facilitiesA vegetation management program that incorporates biodiversity initiatives such as pollinator habitat protection and tree plantingsHow PSEG takes care of communities

PSEG aims to deliver safe, reliable energy and be thoughtful about how we show up for New Jersey. PSEG's work to support the communities we serve includes:

Launching a Community Relief Initiative together with the PSEG Foundation that distributed grants to over 25 local organizations that provide critical assistance including energy assistance, housing relief and food assistance to households facing economic hardshipDonating approximately $12.8 million to local charitable causes in 2025 through the PSEG Foundation and corporate giving initiatives aligned with our Corporate Social Responsibility prioritiesContributing approximately $2.4 billion in spending to New Jersey's economy in 2025.And we fight for our customers: recently FERC delivered good news agreeing with PSE&G that a settlement signed by all PJM Transmission Owners except PSE&G would unfairly shift transmission costs on to New Jersey customers. We work hard to keep costs as low as possible and this includes advocating for policies that make sense for the people of New Jersey.

How PSEG supports and develops our workforce

PSEG also continues to support our approximately 13,000-person workforce. We aim to build a sustainable pipeline of career-ready talent in skilled trades and critical roles, strengthening community relationships and supporting future business needs. This work includes:

Efforts to advance workplace safety and create a safety-first mindset that allows all our employees to go home from work the same way or better than they arrivedOngoing support of career development, reskilling and building connections that attract, develop and retain a workforce that can meet the demands of the futureContinuing our technical school program where we host PSEG days at technical schools in our service territory and hire graduating seniors into full-time roles with offers made on the spotContinuing to sponsor the Clean Energy Jobs Program which has helped place more than 9,300 individuals into clean energy careers since its inceptionEarning a place on the Best-in-Class Index for nearly two decades reflects the dedication of PSEG employees who lead with care every day. PSEG will continue investing in solutions that support customers, strengthen communities and help build a stronger energy future.

About PSEG

Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers. PSEG also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in NJ and PA. PSEG aims to power a future where people use energy more efficiently, and it's safer and delivered more reliably than ever. PSEG is a member of the S&P 500 Index and has been named to the Dow Jones Best in Class North America Index for 18 consecutive years. PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).

CONTACT: Media Relations, [email protected], 973-430-7734

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SOURCE PSEG

Residential customers continue to benefit from the region's lowest gas supply rates as a result of cost management, long-term planning and operational excellence.

, /PRNewswire/ -- PSE&G today announced a filing to lower residential gas heating bills by 5% effective October 1, 2026. Despite a volatile natural gas market during this past winter, PSE&G's strategic and long-term planning efforts have helped maintain the lowest bills in the state and region. This reinforces the company's commitment to providing safe, reliable and cost-effective energy to nearly 1.9 million gas customers across New Jersey and caring for our customers.

Long before colder temperatures arrive, PSE&G is working on behalf of customers to help keep winter heating costs as stable and predictable as possible. Throughout the year, teams monitor energy markets, forecast customer demand and secure natural gas in advance of peak heating season. PSE&G's long-term planning approach to natural gas procurement helps reduce exposure to market volatility and supports more predictable energy costs for customers when they need heating the most.

As a result, customers continue to benefit from the lowest residential gas bills in the region and greater protection from the price volatility that can impact energy markets.

"Keeping energy affordable for our customers requires planning, discipline and a long-term approach," said Brian Clark, Senior Vice President of Gas Operations. "By securing supply in advance, maintaining access to valuable storage resources and managing costs responsibly, we're able to help customers avoid many of the market swings that can lead to higher winter heating bills."

Planning Today with Customers in Mind

Natural gas demand is highly seasonal, with approximately two-thirds of residential gas usage occurring between December and March.

Rather than purchasing gas only during periods of peak demand—when prices are often highest—PSE&G purchases much of its supply months or even years in advance.

This long-term approach helps lower costs, reduce exposure to market spikes and provide customers with more predictable gas bills during the winter months.

A Long-Term Advantage for Customers

One of the ways PSE&G helps manage costs is through long-standing access to natural gas storage resources. By purchasing gas when market prices are lower and storing it for future use, PSE&G can better manage supply during periods of higher demand. For customers, that means added protection from sudden price increases and a more stable gas supply cost over time.

Reliable Supply, Closer to Home

PSE&G also benefits from sourcing approximately 90% of its residential gas supply from the Marcellus Shale region in Pennsylvania, one of the nation's largest and most cost-effective natural gas-producing areas.

Because the supply is located close to New Jersey, transportation costs are lower and the company is less exposed to disruptions that can affect more distant supply sources. Combined with a diverse network of pipelines and suppliers, this strategy helps strengthen reliability while keeping costs in check.

Delivering Value Every Day

Behind every customer's bill is a year-round effort by employees across PSE&G who plan with care, procure, operate and maintain the systems that deliver natural gas safely. This helps ensure that our customers have safe, reliable gas during the coldest winter temperatures.

Much of this work takes place long before winter arrives, but its impact is felt when customers need it most: through reliable service, more stable energy costs and the lowest gas bills in the region.

For more on how we work to deliver the region's lowest cost, high quality gas service to customers, read: How PSE&G keeps residential gas bills low.

About PSE&G

Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company operating New Jersey's largest transmission and distribution utility, serving approximately 2.4 million electric and 1.9 million natural gas customers. PSEG also owns an independent fleet of 3,758 MW of carbon-free, baseload nuclear power generating units in NJ and PA. PSEG aims to power a future where people use energy more efficiently, and it's safer and delivered more reliably than ever. PSEG is a member of the S&P 500 Index and has been named to the Dow Jones Sustainability North America Index for 17 consecutive years. PSEG's businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island (https://corporate.pseg.com).

View original content to download multimedia:https://www.prnewswire.com/news-releases/pseg-proposes-lowering-gas-bills-by-5--maintaining-the-lowest-gas-bills-in-the-state-and-region-302792642.html

SOURCE Public Service Electric & Gas Company (PSE&G)