Public Service Enterprise Group Incorporated (PSEG) is an energy provider primarily operating through its subsidiaries in the Northeastern and Mid-Atlantic United States. ...
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$2.60 per share
$2.60 per share
Est. EPS $4.37 · Revenue $12.54B · 11 analysts
Est. EPS $4.67 · Revenue $13.08B · 13 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $12.2B | +18.3% | -33.6% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $2.1B | +19.1% | -54.9% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +69.0% | +100.5% | -14.7% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +24.5% | +7.1% | -35.4% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +17.3% | +0.7% | -32.1% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $325.0M | +126.1% | +2048.1% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +2.7% | +122.0% | +3136.5% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 143.5% | +1.0% | +46.7% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.80x | +23.0% | -25.8% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $57.6B | +5.4% | +1.5% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 4.21 vs 4.04 | +4.2% | 0.67 vs 1.32 | -49.2% |
| Revenue Surprise | $12.2B vs $11.8B | +3.2% | $2.6B vs $2.3B | +10.1% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | LaRossa Ralph A | director, officer: Chair, President and CEO | Common Stock | D | 2,083 | $73.46 |
| Aug 11, 2026 | Thigpen Richard T | officer: SVP Corporate Citizenship | Common Stock | D | 8,000 | $74.56 |
| Aug 3, 2026 | LaRossa Ralph A | director, officer: Chair, President and CEO | Common Stock | D | 2,083 | $76.47 |
| Jul 1, 2026 | LaRossa Ralph A | director, officer: Chair, President and CEO | Common Stock | D | 2,083 | $80.51 |
| Jun 24, 2026 | Hanemann Kim C | officer: President and COO - PSE&G | Common Stock | D | 3,035 | $82.00 |
Operator: Ladies and gentlemen, thank you for standing by. My name is Rob, and I'm your event operator today. I would like to welcome everyone to today's conference, Public Service Enterprise Group's Second Quarter 2026 Earnings Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded today, August 4, 2026, and will be available for replay as an audio webcast on the PSEG's Investor Relations website at https://investor.pseg.com. I would now like to turn the conference over to Carlotta Chan. Please go ahead. Carlotta Chan: Good morning, and welcome to PSEG's Second Quarter 2026 Earnings Presentation. On today's call are Ralph LaRossa, Chair, President, and CEO; and Dan Cregg, Executive Vice President and CFO. The press release, attachments, and slides for today's discussion are posted on our IR website at investor.pseg.com, and our 10-Q will be filed later today. PSEG's earnings release and other matters discussed during today's call contain forward-looking statements and estimates that are subject to various risks and uncertainties. We will also discuss non-GAAP operating earnings, which differs from net income or loss, as reported in accordance with generally accepted accounting principles or GAAP in the United States. We include reconciliations of our non-GAAP financial measures and a disclaimer regarding forward-looking statements on our IR website and in today's materials. Following our prepared remarks, we will conduct a 30-minute question-and-answer session. I will now turn the call over to Ralph LaRossa. Ralph LaRossa: Thank you, Carlotta, and thank you for joining us to review PSEG's second quarter 2026 results. Starting with our financial results, PSEG reported net income of $0.67 per share and non-GAAP operating earnings of $0.86 per share, bringing our first-half results to $2.15 per share of net income and $2.41 per share of non-GAAP operating earnings. Our ongoing investments in PSE&G system replacement, reliability and energy efficiency were the main drivers of growth in our financial results in the second quarter. And at PSEG Power, an increase in realized market prices, higher nuclear generation and gas operations, more than offset the absence of the Zero Emission Certificate programs that concluded in May of 2025. With results for the first half of 2026 coming in as expected, we are pleased to reaffirm our full-year non-GAAP operating earnings guidance in the range of $4.28 to $4.40 per share. Now our operational results may have even been better as we successfully managed one of the most challenging storm restorations in our company's history. Over the July 4 holiday weekend, a series of heat waves and successive thunderstorms hit our service area, accompanied by winds of over 70 miles per hour. PSE&G reconnected approximately 380,000 customers, with nearly all customers restored within 24 hours of losing power, demonstrating the value of our system reliability investments and our …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Ralph A. LaRossa | Chair, President & Chief Executive Officer | USD 4,132,581 | Male | 1963 | Active |
Daniel J. Cregg | Executive Vice President & Chief Financial Officer | USD 1,938,003 | Male | 1964 | Active |
Kim C. Hanemann | President & Chief Operating Officer of Public Service Electric & Gas | USD 1,877,585 | Female | 1964 | Active |
Grace H. Park | Executive Vice President & General Counsel | USD 1,503,997 | Female | 1976 | Active |
Carlotta N. Chan | Vice President of Investor Relations | — | Female | — | Active |
Karen Cleeve | Vice President of Corporate Communications | — | Female | — | Active |
Sheila J. Rostiac | Senior VP, Chief Administrative Officer and CHRO | — | Female | 1971 | Active |
Michael K. Hyun | Senior VP and Chief Commercial Officer of Strategic Partnerships | — | Male | — | Active |
Richard T. Thigpen | Senior Vice President of Corporate Citizenship | — | Male | 1961 | Active |
Zeeshan Sheikh | Senior Vice President and Chief Information & Digital Officer | — | Male | — | Active |
I initiate coverage of Sezzle with a strong buy and a price target of $169 per share. My main growth drivers are subscriber growth, higher purchase frequency, SezzleCash, Sezzle Send, enterprise merchant expansion and AI-driven monetization. Together, I have estimated that these drivers can add $2.08 of incremental EPS and take adjusted EPS from management's 2026 guidance of $5.25 to about $7.33 in 2027.
Bank of Nova Scotia bought a new position in Public Service Enterprise Group Incorporated (NYSE: PEG) in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 55,998 shares of the utilities provider's stock, valued at approximately $4,547,000. A number of other large investors
Public Service Enterprise Group Incorporated (NYSE: PEG - Get Free Report) hit a new 52-week low during mid-day trading on Friday after Morgan Stanley lowered their price target on the stock from $93.00 to $91.00. Morgan Stanley currently has an overweight rating on the stock. Public Service Enterprise Group traded as low as $74.12 and last
Allworth Financial LP purchased a new position in shares of Public Service Enterprise Group Incorporated (NYSE: PEG) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 20,061 shares of the utilities provider's stock, valued at approximately $1,628,000. Several other institutional investors and hedge funds have
Advisors Capital Management LLC acquired a new position in shares of Public Service Enterprise Group Incorporated (NYSE: PEG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,833 shares of the utilities provider's stock, valued at approximately
