PSEG reported FY 2025 net income of USD 2.1 billion, or USD 4.22 per diluted share, and non-GAAP operating earnings of USD 2.0 billion, or USD 4.05 per share. In Q4 2025, net income was USD 315 million (USD 0.63 per share) and non-GAAP operating earnings were USD 362 million (USD 0.72 per share). PSEG initiated FY 2026 non-GAAP operating earnings guidance of USD 4.28–USD 4.40 per share, described as up 7% at the midpoint versus 2025, and updated its long-term non-GAAP operating earnings growth target to 6%–8% through 2030. The company raised its regulated 5-year capital spending plan to USD 22.5 billion–USD 25.5 billion through 2030 and said regulated investments are expected to total about USD 4.2 billion in 2026, up about 13.5% from 2025; it also extended its projected rate base CAGR of 6%–7.5% through 2030, starting from an approximately USD 36 billion year-end 2025 balance. Operationally, PSEG said PSEG Nuclear posted a 91.2% capacity factor in FY 2025 and supplied 30.9 TWh of carbon-free baseload energy; the Hope Creek unit extended its fuel cycle from 18 to 24 months. PSE&G invested about USD 3.7 billion in regulated infrastructure in FY 2025 and received approval for a three-year Gas System Modernization Program III covering USD 1.4 billion of investment beginning January 2026. PSEG also noted a five-year contract extension for PSEG Long Island through 2030 and said its board raised the 2026 indicative annual common dividend by USD 0.16 per share (about 6%) to USD 2.68 per share.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PSEG - Public Service Enterprise Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202602260730PR_NEWS_USPR_____NY96078) on February 26, 2026, and is solely responsible for the information contained therein.