Public Service Enterprise Q2 Profit Rises 22% Beats Estimates

Public Service Enterprise Group (PSEG) reported strong financial results for the second quarter of 2025, with net income rising to $585 million, or $1.17 per share, significantly surpassing the previous year's $434 million and $0.87 per share. Adjusted earnings per share of $0.77 also exceeded analyst expectations of $0.70, reflecting a 22.2% improvement year-over-year. The company’s operating revenues increased 15.8% to $2.81 billion, beating estimates by nearly 20%, driven by solid performance in regulated utilities, nuclear power generation, and investments in clean energy and grid modernization. While electric sales volume declined slightly, gas sales volume rose 28%, and operating income grew 40.4% to $817 million. PSEG reaffirmed its 2025 adjusted operating earnings guidance, supported by robust second-quarter and first-half results. CEO Ralph LaRossa highlighted the company’s focus on regulated utility investments, safe nuclear operations, and adapting to evolving energy demands as key to sustaining growth.