PSEG Q2 FY26 net income drops 42.91% to $334 million
PEG•Guidance outlook
PSEG maintained 2026 non-GAAP operating earnings guidance of $4.28 to $4.40 per share, reaffirming a 6% to 8% growth outlook through 2030.
Quarterly results
PSEG posted Q2 net income of $334 million, or $0.67 per share, down 42.91% year over year.
Non-GAAP operating earnings rose to $425 million, or $0.86 per share, up 10.68% from a year earlier.
Segment performance
PSE&G segment earnings increased to $342 million from $332 million, while Power & Other swung to a $8 million loss from a $253 million profit.
Storm restoration update
Management highlighted restoration of about 380,000 customers after early July storms, with nearly all restored within 24 hours.
