Loading...
•
Jun 30, 2025
PSEG Q2 2025 Earnings Report
PSEG delivered strong Q2 2025 earnings growth driven by higher net income and robust nuclear generation.
Key Takeaways
PSEG reported $585 million in net income for Q2 2025, a 35% increase YoY, supported by higher earnings at both PSE&G and Power segments. Non-GAAP operating EPS rose to $0.77, with continued investments in grid reliability and nuclear operations positioning the company well for the future.
Q2 2025 net income rose to $585 million, up from $434 million in Q2 2024
Non-GAAP EPS for Q2 2025 was $0.77, compared to $0.63 in Q2 2024
Nuclear generation reached 7.5 TWh, up 0.5 TWh YoY
Summer peak load hit 10,229 MW, highest since 2013
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
PSEG reaffirmed its full-year 2025 non-GAAP operating earnings guidance of $3.94–$4.06 per share, underpinned by stable utility performance and nuclear optimization.
Positive Outlook
- Maintains full-year non-GAAP earnings guidance of $3.94–$4.06 per share
- Executing on $3.8B regulated investment program for 2025
- Hope Creek nuclear unit outage to extend fuel cycle to 24 months
- Cleared 3,500 MW of nuclear capacity in PJM 2026/2027 auction
- Federal tax law changes support nuclear tax credits and bonus depreciation
Challenges Ahead
- Electric sales declined 4% YoY in Q2 due to milder weather
- Nuclear generation faces scheduled fall outage at Hope Creek
- Higher O&M and energy costs offset some rate case benefits
- Weather conditions led to higher system demand and strain
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...