PSEG(US:PEG) ZACKS·2026-02-26 15:46Core Insights - Public Service Enterprise Group Incorporated (PSEG) reported fourth-quarter 2025 adjusted earnings of 72 cents per share, exceeding the Zacks Consensus Estimate of 71 cents by 1.4%, but down 14.3% from 84 cents per share in the prior year [1] - For the full year 2025, adjusted EPS was $4.05, surpassing the Zacks Consensus Estimate of $4.04 and improving from $3.68 in 2024 [2] Revenue Performance - Operating revenues for Q4 2025 totaled $2.92 billion, beating the Zacks Consensus Estimate of $2.58 billion by 12.8% and increasing 18.3% from $2.47 billion in the previous year [3] - Total revenues for 2025 reached $12.17 billion, exceeding the Zacks Consensus Estimate of $11.87 billion and improving from $10.29 billion in 2024 [3] Sales Volume - Electric sales volume for Q4 2025 was 9,340 million kilowatt-hours, a 2% increase year over year, while gas sales volume rose 16% to 1,041 million therms [4] - Residential electric sales volume increased by 4% to 2,920 million kilowatt-hours, and commercial and industrial sales volume grew by 1% to 6,323 million kilowatt-hours [4] Operating Income and Expenses - Operating income for Q4 2025 was $511 million, up 14.8% from $445 million in the prior year [6] - Total operating expenses were $2.40 billion, reflecting a 19% increase from the previous year [6] Segment Performance - The PSE&G segment reported net income of $352 million, down from $378 million in Q4 2024 [7] - Adjusted operating income for the PSEG Power & Other segment was $10 million, compared to $43 million in the prior-year quarter [7] Financial Update - Long-term debt as of December 31, 2025, was $22.55 billion, an increase from $21.11 billion as of December 31, 2024 [9] - Net cash flow from operating activities for 2025 was $3.30 billion, up from $2.13 billion in 2024 [9] Guidance for 2026 - PSEG expects adjusted earnings for 2026 to be in the range of $4.28 to $4.40 per share, with the Zacks Consensus Estimate currently at $4.38 per share [10]