The financials
Public Service Enterprise Group by the numbers
Public Service Enterprise Group (PEG) reported revenue of $2.55B in Q2 2026 (quarter ended June 30, 2026), down 8.9% from the same quarter a year earlier. That came with a gross margin of 66% and net income of $334M (13% of revenue). For the full year FY2025, revenue was $12.2B (+18% year on year) and net income $2.11B. Its largest product in 2026-Q2 was Electric Distribution Contracts at $1.25B, 58% of the disclosed total, just ahead of Transmission at 21%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $2.55B | $2.81B | −8.9% |
| Gross profit | $1.69B | $1.98B | −15% |
| Operating income | $461M | $817M | −44% |
| Net income | $334M | $585M | −43% |
| Diluted EPS | $0.67 | $1.17 | −43% |
| Product | Revenue | Share |
|---|---|---|
| Electric Distribution Contracts | $1.25B | 58% |
| Transmission | $460M | 21% |
| Gas Distribution Contracts | $343M | 16% |
| Other Contract | $87M | 4.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $2.14B (-30%)
Gas Distribution Contracts grew +8.2% year on yearOther Contract -10% year on year
Segment Latestquarter on quarteryear on year
- Electric Distribution Contracts$1.25B$1.25BQoQ +6.5%year on year +6.5%+6.5%+6.5%
- Transmission$460.0M$460.0MQoQ +1.3%year on year +3.8%+1.3%+3.8%
- Gas Distribution Contracts$343.0M$343.0MQoQ -75%year on year +8.2%-75%+8.2%
- Other Contract$87.0M$87.0MQoQ -6.5%year on year -10%-6.5%-10%
- Electricity and Related Products$0.00$0.00QoQ -year on year ---
- Natural Gas Reserves$0.00$0.00QoQ -year on year ---
Utilities - Regulated Electric
Ranks #9 of 37 by Smart Score