PSEG FY2025 non-GAAP EPS $4.05; initiates FY2026 guidance $4.28-$4.40; dividend raised 6% to $2.68

PUBLIC SERVICE ENTERPRISE GROUP INC

2025-FY EPS reported $4.22 revenue$12,168,000,000

FY2025 net income $2,111M ($4.22 diluted EPS); non-GAAP operating earnings $2,029M ($4.05 EPS) vs $1,839M ($3.68) in FY2024.
Q4 2025 net income $315M ($0.63 EPS); non-GAAP operating earnings $362M ($0.72 EPS) vs $421M ($0.84) in Q4 2024.
2026 non-GAAP operating earnings guidance $4.28-$4.40 per share, up ~7% at midpoint; 2026 regulated capex ~$4.2B (+13.5%).
5-year regulated capital plan raised to $22.5B-$25.5B through 2030; rate base CAGR 6%-7.5% from ~$36B YE2025.
Annual common dividend increased $0.16 to $2.68 per share, marking 15th consecutive annual raise.

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