$4.22 PER SHARE NET INCOME $4.05 PER SHARE NON-GAAP OPERATING EARNINGS Initiates 2026 non-GAAP Operating Earnings Guidance of $4.28-$4.40 per share, up 7% over 2025 Increases Regulated 5-Year Capital Spending Plan to $22.5 billion - $25.5 billion through 2030 Extends Rate Base CAGR of 6% - 7.5% through 2030, from a ~7% Higher YE-2025 Balance Updates PSEG's Long-Term, non-GAAP Operating Earnings Growth Target to 6% - 8% NEWARK, N.J., Feb. 26, 2026 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported the following results for the full year and fourth quarter 2025: PSEG Consolidated (unaudited) Full Year Comparative Results Income Earnings Per Share ($ millions, except per share amounts) FY 2025 FY 2024 FY 2025 FY 2024 Net Income $2,111 $1,772 $4.22 $3.54 Reconciling Items (82) 67 (0.17) 0.14 Non-GAAP Operating Earnings $2,029 $1,839 $4.05 $3.68 Average Shares Outstanding (Diluted) 501 500 PSEG Consolidated (unaudited)Fourth Quarter Comparative Results Income Earnings Per Share ($ millions, except per share amounts) 4Q 2025 4Q 2024 4Q 2025 4Q 2024 Net Income $315 $286 $0.63 $0.57 Reconciling Items 47 135 0.09 0.27 Non-GAAP Operating Earnings $362 $421 $0.72 $0.84 Average Shares Outstanding (Diluted) 501 500 The tables above provide a reconciliation of PSEG's Net Income to non-GAAP Operating Earnings for the full year and fourth quarter.