PSEG (PEG) Q2 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, August 11, 2026 astatine 12:23 PM CDT 44 min read

Image source: The Motley Fool.

DATE

Aug. 4, 2026 astatine 11:00 a.m. ET

CALL PARTICIPANTS

• Chair, President, and CEO - Ralph LaRossa

• Executive Vice President and CFO - Daniel Cregg

• Investor Relations - Carlotta Chan

Full Conference Call Transcript

Operator: Ladies and gentlemen, convey you for lasting by. My sanction is Rob, and I'm your lawsuit relation today. I would similar to invited everyone to today's conference, Public Service Enterprise Group's Second Quarter 2026 Earnings Conference Call and Webcast. [Operator Instructions] As a reminder, this league is being recorded today, August 4, 2026, and volition beryllium disposable for replay arsenic an audio webcast connected the PSEG's Investor Relations website astatine https://investor.pseg.com. I would present similar to crook the league implicit to Carlotta Chan. Please spell ahead.

Carlotta Chan: Good morning, and invited to PSEG's Second Quarter 2026 Earnings Presentation. On today's telephone are Ralph LaRossa, Chair, President, and CEO; and Dan 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. PSEG'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 oregon loss, arsenic reported successful accordance with mostly 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-answer session. I volition present crook the telephone implicit to Ralph LaRossa.

Ralph LaRossa: Thank you, Carlotta, and convey you for joining america to reappraisal PSEG's 2nd 4th 2026 results. Starting with our fiscal results, PSEG reported nett income of $0.67 per stock and non-GAAP operating net of $0.86 per share, bringing our first-half results to $2.15 per stock of nett income and $2.41 per stock of non-GAAP operating earnings. Our ongoing investments successful PSE&G strategy replacement, reliability and vigor ratio were the main drivers of maturation successful our fiscal results successful the 2nd quarter. And astatine PSEG Power, an summation successful realized marketplace prices, higher atomic procreation and state operations, much than offset the lack of the Zero Emission Certificate programs that concluded successful May of 2025.