# PSEG Posts $1.15 in Q3 Operating EPS, Missing One Estimate By John Kim Canonical URL: https://www.tokenpost.com/news/business/46499 Published: 2026-11-02T14:07:02.000Z Updated: 2026-11-02T14:07:02.000Z Section: Business > Revenue totaled $3.02 billion, and the company reaffirmed its 2026 non-GAAP operating earnings guidance of $4.28 to $4.40 per share. Public Service Enterprise Group (PSEG) posted third-quarter non-GAAP operating earnings of $1.15 per diluted share Monday, below one pre-report estimate, as quarterly revenue declined from a year earlier. PSEG issued its results Monday, Nov. 2, at 7:30 a.m. ET (12:30 UTC) for the quarter ended Sept. 30. Operating revenue was $3.02 billion, down from $3.226 billion a year earlier. Non-GAAP operating earnings were $574 million, or $1.15 per diluted share, compared with $565 million, or $1.13 per share, in the year-earlier quarter. The estimate shortfall depends on the benchmark. Against one pre-report estimate of $1.19 per share and $3.25 billion in revenue, earnings were 4 cents lower and revenue was $230 million lower. Other estimates put earnings per share at $1.21 and revenue at $3.19 billion or $3.29 billion. Across those revenue figures, the shortfall ranges from $170 million to $270 million; the earnings gap is 4 cents to 6 cents per share. The results update PSEG’s [Oct. 30 earnings preview](), which covered expectations ahead of the company’s release. The reported figures show revenue lower than a year earlier while non-GAAP operating earnings rose slightly. GAAP net income was $376 million, or $0.76 per share, compared with $622 million, or $1.24 per share, a year earlier. PSEG’s non-GAAP operating earnings measure excludes gains or losses associated with its nuclear decommissioning trust, mark-to-market accounting and other material infrequent items. The company describes the measure as a complement to GAAP net income, not a replacement for it, so the two figures reflect different calculations. PSEG reaffirmed its 2026 guidance for non-GAAP operating earnings of $4.28 to $4.40 per share. “Our financial results for the third quarter and year-to-date period align with our expectations for the full-year, and we are reaffirming PSEG's 2026 guidance for non-GAAP Operating Earnings in the range of $4.28 to $4.40 per share,” said PSEG Chair, President and CEO Ralph LaRossa. ## Links in this article - [Oct. 30 earnings preview](https://www.tokenpost.com/news/business/44953)