)
Visual
earnings real time
Public Service Enterprise Group (PEG) investor relations material
Public Service Enterprise Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary3 Nov, 2025
Executive summary
Achieved strong year-over-year growth in net income and revenue for Q3 and the nine months ended September 30, 2025, driven by higher distribution rates, new rates from the October 2024 base rate case, and increased T&D investments.
Regulated rate base increased to approximately $34 billion as of December 31, 2024, with a capital investment program of $21–$24 billion planned for 2025–2029, targeting 6–7.5% CAGR in regulated rate base.
Nuclear operations benefited from high capacity factors, the production tax credit (PTC), and a 499-day continuous run at Hope Creek, with ongoing license extension and hedging strategies.
Focused on clean energy, energy efficiency, and infrastructure modernization to align with public policy and customer expectations.
Board of Trustees of the Long Island Power Authority approved a five-year contract extension through 2030, pending final approval and subject to litigation.
Financial highlights
Q3 2025 net income was $622 million ($1.24 per share), up from $520 million ($1.04) in Q3 2024; non-GAAP operating earnings were $565 million ($1.13 per share), up from $448 million ($0.90).
Nine-month net income reached $1,796 million ($3.59 per share), up from $1,486 million ($2.97) year-over-year; non-GAAP operating earnings were $1,667 million ($3.33 per share), up from $1,418 million.
Operating revenues for the nine months were $9,253 million, an 18% increase from $7,825 million in 2024.
Dividend payments increased to $1.89 per share for the nine months, up from $1.80 per share in 2024.
Operating cash flow increased by $811 million year-over-year, primarily due to regulatory deferrals, inventory changes, and higher earnings.
Outlook and guidance
2025 non-GAAP operating earnings guidance narrowed to $4.00–$4.06 per share, up from $3.94–$4.06.
Reaffirmed five-year non-GAAP operating earnings growth outlook of 5%–7% through 2029.
Regulated capital investment program for 2025–2029 set at $21–$24 billion, supporting a 6%–7.5% rate base CAGR.
No need to issue equity or sell assets to fund the five-year capital plan.
2026 guidance and capital plan roll forward to be provided in the year-end call in February 2026.
Address mid-Atlantic resource adequacy imbalance?
Key incremental investment opportunities?
Strategy for nuclear output contracts?
PSEG's regulated generation strategy for NJ
Data center growth: NJ vs PA differences?
Define affordability for integrated resource plan
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Public Service Enterprise Group earnings date
Q4 202524 Feb, 2026
Next Public Service Enterprise Group earnings date
Q4 202524 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
Public Service Enterprise Group Incorporated, operates as an energy company in the United States. It generates and distributes electricity to approximately 3 million customers located in New Jersey, New York, Ohio, Pennsylvania, Texas, and Illinois. The company also operates an energy storage business comprising of geographically diverse assets; provides energy management services to commercial and industrial customers; and distributes alternative fuels through branded dispensing sites. Public Service Enterprise Group is headquartered in Newark, New Jersey.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage