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PEG · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue fell 8.9% y/y to $2.55B, operating margin 18.1% vs 29.1%, net income $334M (−42.9% y/y).
Net income
$334M
down 42.9% y/y
Operating revenues
$2,554M
down 8.9% y/y
Operating income
$461M
down 43.6% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Operating revenues | $2,554 · −8.9% |
| Energy Costs | $866 · +4.8% |
| Operation and Maintenance | $906 · +6.1% |
| Depreciation and Amortization | $321 · +4.2% |
| Operating income | $461 · −43.6% · 18.1% margin |
| Net Gains (Losses) on Trust Investments | $144 · +51.6% |
| Net Other Income | $41 · −10.9% |
| Net Non-Operating Pension and Other Postretirement Benefit Credits | $21 · +31.3% |
| Interest Expense | $269 · +8.5% |
| Income before income taxes | $398 · −45.2% |
| Income Tax Expense | $64 · −54.6% · 16.1% effective rate |
| Net income | $334 · −42.9% · $0.67/sh · 13.1% margin |
Verdict: revenue fell 8.9% y/y to $2.55B, operating margin 18.1% vs 29.1%, net income $334M (−42.9% y/y).
Source and notation
Source: Public Service Enterprise Form 10-Q filed 08/04/2026 (SEC EDGAR); results date from the 8-K of 08/04/2026. The press release has no income statement, so every figure was matched against the income statement in the 10-Q and checked against SEC XBRL.
Open as an image: PEG, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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<figure> <a href="https://whoreportstoday.com/t/peg/q2-2026"><img src="https://whoreportstoday.com/t/peg/q2-2026/sankey.png" alt="PEG Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/peg/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/peg/q2-2026">PEG Q2 2026 earnings chart (Who Reports Today)</a>
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- Operating income was $461M, a 18.1% margin vs 29.1% a year earlier.
- The effective tax rate was 16.1% vs 19.4% a year earlier.
- Diluted EPS was $0.67 vs $1.17 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
PEG — an energy holding company based in New Jersey.
Its two segments are PSE&G, a regulated utility that transmits electricity and distributes electricity and natural gas to homes and businesses in the state, and PSEG Power & Other, which sells energy and capacity from nuclear plants and wholesale gas and includes PSEG Long Island, which operates the Long Island Power Authority's grid. · Source: annual report (Form 10-K, SEC)
Heads-up
- net income fell 43% y/y in Q2 2026
- revenue fell 9% y/y in Q2 2026
Net income for Q2 2026: $334M, −43% y/y. In the report's figures: revenue −9% y/y. Based on the Q2 2026 report.
The company's report ↗Revenue for Q2 2026: $2,554M, −9% y/y. Based on the Q2 2026 report.
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