PSEG Surprises with Strong Q3 Earnings, Reaches New Record

Public Service Enterprise Group (PSEG) has delivered a strong third-quarter financial performance exceeding market expectations. The company’s robust results include a $1.24 earnings per share (EPS), surpassing forecasts of $1.03. Driven by increased power pricing and successful rate case settlements, PSEG’s net income climbed 20% year-over-year, reaching $622 million in the third quarter of 2025. This positive trend is expected to continue as PSEG tightens its 2025 non-GAAP operating earnings guidance range to between $4.00 and $4.06 per share.