Filing Flows › Public Service Enterprise Group (PEG) › Q4 2025
Public Service Enterprise Group (PEG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Public Service Enterprise Group (PEG) reported revenue of $2.9B for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -10% from the quarter before. Operating margin was 17.5%, net earnings $315M (10.8% of revenue).
Public Service Enterprise Group, Q4 2025: revenue $2.9B (+18% year over year), operating margin 17.5%, net earnings $315M, operating cash flow $721M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | -10% | +18% |
| Operating profit | $511M | -40% | +15% |
| Net earnings | $315M | -49% | +10% |
| Operating cash flow | $721M | -31% | +96% |
What changed
Revenue was $2.9B in Q4 2025, up 18% year over year and down 10% from the previous quarter.
Operating profit was $0.51B, a 17.5% margin (down 0.5 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, below the 18% margin then. Total costs grew 19% against revenue growth of 18%. The fastest-growing cost line was Cost of revenue (+33%). Net earnings were $0.32B, up 10% year over year. The effective tax rate was -1.3%.
Operating cash flow was $0.72B (up 96% year over year), 229% of net earnings. Working capital and other items added $0.41B. Capital expenditures of $1.1B exceeded it, leaving free cash flow of −$0.41B.
Questions
What was Public Service Enterprise Group's revenue in the fourth quarter 2025?
Public Service Enterprise Group (PEG) reported revenue of $2.9B for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and -10% from the quarter before.
Was Public Service Enterprise Group profitable in the fourth quarter 2025?
Operating profit was $511M (17.5% of revenue) and net earnings $315M.