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Public Service Enterprise Group (PEG) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · Public Service Enterprise Group (PEG) Q3 2026 earnings results →

Q3 2026 Revenue down 6% year over year to $3.0B · 12¢ of every $1 of revenue kept as net profit · operating margin 20.6%

Public Service Enterprise Group made $3.0B in Q3 2026 (-6% Y/Y). Operating margin 20.6%, net earnings $376M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.

Revenue$3.0B
Year over year-6%
Operating margin20.6%
Net earnings$376M
Operating cash flow$716M

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Public Service Enterprise Group Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
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What changed this quarter

Revenue was $3.0B in Q3 2026, down 6% year over year and up 18% from the previous quarter.

Operating profit was $0.62B, a 20.6% margin (down 5.9 points year over year). Total costs grew 1% against a revenue fall of 6%. Net earnings were $0.38B, down 40% year over year. The effective tax rate was 0.8%.

Operating cash flow was $0.72B (down 32% year over year), 190% of net earnings. Working capital and other items added $0.34B. Capital expenditures of $0.84B exceeded it, leaving free cash flow of −$0.13B.

Quarterly history

Public Service Enterprise Group revenue by quarterPublic Service Enterprise Group revenue by quarter$3.2BQ1 2025$2.8BQ2 2025$3.2BQ3 2025$2.9BQ4 2025$3.8BQ1 2026$2.6BQ2 2026$3.0BQ3 2026
Public Service Enterprise Group net earnings by quarterPublic Service Enterprise Group net earnings by quarter$589MQ1 2025$585MQ2 2025$622MQ3 2025$315MQ4 2025$741MQ1 2026$334MQ2 2026$376MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 2, 2026$3.0B-6%20.6%$376M$716M
Q2 202610-QAug 4, 2026$2.6B-9%18.1%$334M$550M
Q1 202610-QMay 5, 2026$3.8B+19%27.9%$741M$1.3B
Q4 202510-KFeb 26, 2026$2.9B+18%17.5%$315M$721M
Q3 202510-QNov 3, 2025$3.2B+22%26.5%$622M$1.1B
Q2 202510-QAug 5, 2025$2.8B+16%29.1%$585M$478M
Q1 202510-QApr 30, 2025$3.2B+17%24.7%$589M$1.0B

Charts

Public Service Enterprise Group: revenue growth, year over year and quarter over quarterPublic Service Enterprise Group: revenue growth, year over year and quarter over quarterY/YQ/Q+17%Q1 2025+16%-13%Q2 2025+22%+15%Q3 2025+18%-10%Q4 2025+19%+32%Q1 2026-9%-34%Q2 2026-6%+18%Q3 2026
Latest (Q3 2026): Y/Y -6%, Q/Q +18%.
Public Service Enterprise Group: where the cash came from (+) and went (−), TTM to Q3 2026Public Service Enterprise Group: where the cash came from (+) and went (−), TTM to Q3 2026Capital spending−$3.4BOperating cash flow$3.3BOther financing$2.7BDividends−$1.3BNet borrowing (+) / repaid (−)−$629MCash drawn (+) / kept (−)−$501MOther investing−$99.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Public Service Enterprise Group: profit against cash, quarter by quarterPublic Service Enterprise Group: profit against cash, quarter by quarterNet incomeOperating cash flow$286M$367MQ4 2024$589M$1.0BQ1 2025$585M$478MQ2 2025$622M$1.1BQ3 2025$315M$721MQ4 2025$741M$1.3BQ1 2026$334M$550MQ2 2026$376M$716MQ3 2026
Latest (Q3 2026): Net income $376M, Operating cash flow $716M.
Public Service Enterprise Group: diluted shares by fiscal yearPublic Service Enterprise Group: diluted shares by fiscal year507MFY2020504MFY2021501MFY2022500MFY2023500MFY2024501MFY2025
-1.2% since FY2020: buybacks shrank the count.
Public Service Enterprise Group: long-term debt falling due (FY2025)Public Service Enterprise Group: long-term debt falling due (FY2025)$875M2026$1.1B2027$1.3B2028$1.1B2029$2.2B2030$16.1BLater
Cash $132M, short-term investments —, long-term debt $22.5B at 2025-12-31.
Public Service Enterprise Group in its industry: growth against margin (29 companies, SIC 4931)Public Service Enterprise Group in its industry: growth against margin (29 companies, SIC 4931)revenue growth, year over year →↑ operating marginmedian +7%median 22%DUKPepco Holdings LLCEXCPCGEDXELConsolidated Edison Co of New York IncAEEWECCMSEVRGNorthern States Power CoEvergy Kansas Central, Inc.Public Service Co of ColoradoArizona Public Service CoNILNTSouthwestern Public Service CoWisconsin Public Service CorpNWEAVADPL LLCDayton Power & Light CoNorthern States Power CoMadison Gas & Electric CoGNEUTLCPWRPEG (-6%, 21%)
Electric & Other Services Combined; dot size is quarterly revenue; dashed lines are the industry's medians.

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Public Service Enterprise Group

We were incorporated under the laws of the State of New Jersey in 1985 and our principal executive offices are located at 80 Park Plaza, Newark, New Jersey 07102. We are a public utility holding company that, acting through our wholly owned subsidiaries, is a predominantly regulated electric and gas utility and a nuclear generation business. Our business plan focuses on achieving growth by allocating capital primarily toward regulated investments in an effort to continue to improve the sustainability and predictability of our business and realizing the value of the consistent and reliable carbon-free generation from our nuclear units.

In its own words, from its 10-K, filed Feb 26, 2026.

Public Service Enterprise Group against its Electric & Other Services Combined peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -6% against the peers' median +7%. Operating margin: 20.6% against the peers' median 22.2%.

CompanyQuarterRevenueY/YOp. margin
PEG Public Service Enterprise GroupQ3 2026$3.0B-6%20.6%
DUK Duke EnergyQ3 2026$9.1B+7%30.2%
Pepco Holdings LLCQ3 2026$7.3B+9%18.8%
EXC ExelonQ1 2026$7.2B+8%22.2%
PCG PG&EQ3 2026$6.2B-1%20.2%
ED Consolidated EdisonQ3 2026$4.9B+8%23.8%
XEL Xcel EnergyQ3 2026$4.2B+7%28.5%
Consolidated Edison Co of New YorkQ2 2026$4.1B+13%13.6%
AEE AmerenQ3 2026$2.9B+7%31.2%

Source: Public Service Enterprise Group 10-Q on SEC EDGAR · CIK 788784 · Electric & Other Services Combined

Guidance and outlook

Public Service Enterprise Group: what its forward-looking statements are about (10-K filed 2026-02-26)Public Service Enterprise Group: what its forward-looking statements are about (10-K filed 2026-02-26)Other10Legal & regulation5Costs4Demand4Financing3Capital spending2People1The economy1Buybacks & dividends1
31 statements; tone +0.07 (−1 all cautious, +1 all confident); 9 hedged.
Public Service Enterprise Group: outlook statements against the filing beforePublic Service Enterprise Group: outlook statements against the filing beforeNew11Updated3Dropped8Confident6Cautious4

13F: who owns PEG and who is buying

Largest holders of PEG (13F)Largest holders of PEG (13F)Vanguard Group$5.4BBlackRock$4.4BVanguard Capital Management LLC$2.6BVanguard Portfolio Management LLC$2.5BState Street$2.4BBank of America$1.2BGeode Capital Management, LLC$1.1BCapital Research Global Investors$870MMorgan Stanley$621MInvesco$614M
Funds' net buying of PEG by quarter (13F)Funds' net buying of PEG by quarter (13F)−$192M2024-09−$189M2024-12$200M2025-03$541M2025-06−$74.5M2025-09$486M2025-12$398M2026-03$528M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PEG

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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