PEG Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, May 5, 2026 astatine 11:46 AM CDT 40 min read

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Date

Tuesday, May 5, 2026 astatine 11 a.m. ET

Call participants

• Chair, President, and CEO — Ralph A. LaRossa

• Executive Vice President and CFO — Daniel J. Cregg

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Full Conference Call Transcript

Ralph A. LaRossa, Chair, President and CEO, and Daniel J. Cregg, Executive Vice President and CFO. The property release, attachments, and slides for today's treatment are posted connected our IR website astatine investor.pseg.com, and our 10-Q volition beryllium filed aboriginal today. Public Service Enterprise Group Incorporated's net merchandise and different matters discussed during today's telephone incorporate forward-looking statements and estimates that are taxable to assorted risks and uncertainties. We volition besides sermon non-GAAP operating earnings, which differs from nett income arsenic reported successful accordance with Generally Accepted Accounting Principles, oregon GAAP, successful the United States. We see reconciliations of our non-GAAP fiscal measures and a disclaimer regarding forward-looking statements connected our IR website and successful today's materials.

Following our prepared remarks, we volition behaviour a 30-minute question and reply session. I volition present crook the telephone implicit to Ralph A. LaRossa.

Ralph A. LaRossa: Thank you, Carlotta, and convey you for joining america to reappraisal Public Service Enterprise Group Incorporated's archetypal 4th 2026 results. Starting with our fiscal results, Public Service Enterprise Group Incorporated reported nett income of $1.48 per stock and non-GAAP operating net of $1.55 per share. Our archetypal 4th results bespeak continued concern successful inferior infrastructure, focused connected reliability and cost-saving vigor ratio programs astatine PSE&G. At PSEG Power, higher state measurement and capableness revenues person much than offset the lack of the zero emanation certificate programme that concluded past May. With this coagulated commencement to 2026, we are maintaining our full-year non-GAAP operating net guidance successful the scope of $4.28 to $4.40 per share.

On the operations front, I americium precise pleased to study that our inferior and atomic operations delivered fantabulous reliability during 1 of the harshest winters successful decades. In mentation for these utmost upwind events that included precocious snowfall accumulation, ice, and arctic aerial temperatures, PSE&G initiated its wintertime upwind readiness procedures and ensured capable staffing for timely tempest response. Starting successful January with Winter Storm Fern, done Winter Storm Hernando successful precocious February that dropped 30 inches of snowfall connected parts of bluish New Jersey, PSE&G systems held up good during aggravated conditions. For the comparatively tiny radical of customers that were affected by the weather, PSE&G was capable to reconstruct work to virtually each customers wrong 24 hours.