Public Service Enterprise Group reports Q1 net income of $741 million, up from $589 million a year earlier, and declares a $0.67 dividend.
Public Service Enterprise Group (PEG) declared a quarterly dividend of $0.67 per share, payable June 30, 2026, to shareholders of record by June 9, 2026. The move follows strong first-quarter results, with net income rising to $741 million, or $1.48 per share, from $589 million, or $1.18 per share, in the same period last year.
The earnings growth reflects investments in energy efficiency, gas system modernization, and transmission, alongside an expanding customer base. The company now serves 2.4 million electric and 1.9 million gas customers. Higher operating costs, depreciation, and interest expenses partially offset gains.
PEG operates as a regulated utility holding company, managing New Jersey’s largest electric and gas utility and a fleet of carbon-free nuclear plants.