PSEG (PEG) Q4 2025 Earnings Call Transcript
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 26, 2026
AI-Generated Deep Dive Summary
Public Service Enterprise Group (PEG) reported strong financial results in its Q4 2025 earnings call, with net income of $0.63 per share for the quarter and $4.22 per share for the fiscal year, up from $3.54 in 2024. Non-GAAP operating earnings also improved, reaching $0.72 per share quarterly and $4.05 annually, at the high end of guidance. The company raised its dividend by 6%, setting a 2026 annual rate of $2.68 per share, reflecting its commitment to shareholder returns. Additionally, PSEG highlighted significant capital investments totaling $1 billion in Q4 and $3.7 billion for the year, with plans to invest $4.2 billion in 2026 and $22.5 billion to $25.5 billion from 2026 to 2030.
Strategic priorities include expanding regulated investments, modernizing infrastructure, and optimizing nuclear assets. PSEG’s long-term non-GAAP operating earnings growth target was updated to a 6%-8% compound annual growth rate (CAGR) through 2030, up from previous targets. The company emphasized maintaining balance sheet strength without equity issuance or asset sales through 2030. Notably, the New Jersey Board of Public Utilities approved reductions in residential electric bills and maintained flat gas rates for the winter season, aligning with customer and regulatory objectives.
PSEG also highlighted its environmental efforts, including a nearly 30% reduction in methane emissions from 2018 levels, driven by investments in its gas system. The company’s hedge position covers 95% of expected 2026 nuclear generation output, ensuring stability in earnings. Despite challenges in Q4 due to payments under the zero-emission certificate program, PSEG Power & Other reported net income of $366 million for fiscal 2025, up from $225 million in 2024. The company’s reliability awards and a five-year contract extension for Long Island operations underscore its commitment to system resilience and customer engagement.
This update matters for finance readers as it demonstrates PSEG’s strong financial performance, growth trajectory, and strategic focus on regulated investments and sustainability initiatives. The company’s balanced approach to capital spending, dividend growth, and environmental responsibility positions it as a stable and attractive investment in the energy sector, with clear visibility into its long-term goals and expected returns for shareholders
Verticals
financeinvesting
Originally published on The Motley Fool on 2/26/2026