PSEG Q4 adjusted EPS beats estimates, dividend raised

Public Service Enterprise

26/02/2026 12:41

Overview

Utility company PSEG's Q4 adjusted EPS beat analyst expectations

Company's Q4 net income rises compared to last year

Company raised 2026 dividend by $0.16 per share

Outlook

Company initiates 2026 non-GAAP operating earnings guidance of $4.28-$4.40 per share

PSEG plans regulated investments totaling ~$4.2 bln in 2026

Company updates long-term earnings growth target to 6%-8% through 2030

Result Drivers

INFRASTRUCTURE INVESTMENT - PSE&G's Q4 results benefited from increased investment in infrastructure replacement and energy efficiency

NUCLEAR OUTPUT - PSEG Nuclear posted a 91.2% capacity factor for the full year, contributing to reliable energy supply

CUSTOMER INITIATIVES - PSE&G implemented the Summer Relief Initiative to manage customer bills amid rising electric supply costs

Company press release: ID:nPn9C0bSKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 OPERATING Revenue
$2.92 bln
Q4 Adjusted EPS
Beat
$0.72
$0.71 (16 Analysts)
Q4 Net Income
$315 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the multiline utilities peer group is "buy"

Wall Street's median 12-month price target for Public Service Enterprise Group Inc is $89.50, about 4.1% above its February 25 closing price of $85.97

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)