Strong Revenue Growth
Revenue increased 19.4% year-over-year from $3.22B to $3.85B in Q1 FY2026, reflecting solid demand across PEG's utility operations and favorable rate conditions.
Source: 10-Q Income Statement, Q1 FY2026
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
PEG delivered strong Q1 FY2026 results with revenue surging 19.4% year-over-year to $3.85B and net income rising 25.8% to $741M, driven by robust operating performance and expanding margins.
Revenue
$3.85B
+19.43% YoY
EPS (Diluted)
$1.48
+25.42% YoY
Operating Income
$1.07B
+34.88% YoY
Source: SEC XBRL
PEG reported Q1 FY2026 revenue of $3.85B, up 19.4% year over year. Operating margin was 27.9%, up 3.2 points from 24.7% a year earlier. Operating cash flow was $1.27B, up 21.2% year over year. PEG's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.86 | 0.81 | Beat +6.5% |
| Mar 2026This filing | 1.55 | 1.45 | Beat +6.9% |
| Dec 2025 | 0.72 | 0.72 | Beat +0.3% |
| Sep 2025 | 1.13 | 1.03 | Beat +10.1% |
Adjusted (non-GAAP) EPS of $1.55 versus the $1.45 analyst consensus — a +6.9% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $1.48.
Compiled by AI from this SEC filing
Revenue increased 19.4% year-over-year from $3.22B to $3.85B in Q1 FY2026, reflecting solid demand across PEG's utility operations and favorable rate conditions.
Source: 10-Q Income Statement, Q1 FY2026
Operating margin expanded approximately 320 basis points year-over-year from 24.7% to 27.9%, indicating improved cost efficiency and operating leverage within the business.
Source: 10-Q Income Statement, Q1 FY2026
Operating cash flow grew 21.2% year-over-year to $1.27B, outpacing revenue growth and demonstrating strong cash conversion from earnings, which supports ongoing capital investment programs.
Source: 10-Q Cash Flow Statement, Q1 FY2026
Current liabilities declined 21.8% year-over-year to $4.55B, improving the near-term liability profile, though the current ratio remains slightly below 1.0 at 0.97, indicating current liabilities still modestly exceed current assets.
Source: 10-Q Balance Sheet, Q1 FY2026
Investing cash outflows increased 19.1% year-over-year to -$736M, consistent with a regulated utility's ongoing infrastructure investment and capital expenditure programs to support grid modernization and reliability.
Source: 10-Q Cash Flow Statement, Q1 FY2026
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
PEG carries $23.09B in long-term debt, representing a substantial leverage position relative to its asset base of $57.95B. Rising interest rates could increase refinancing costs and pressure future earnings. Sustained capital investment needs may require additional debt issuance.
Source: 10-Q Balance Sheet, Q1 FY2026
The current ratio stands at 0.97, meaning current liabilities of $4.55B slightly exceed current assets of $4.41B. Cash and equivalents declined sharply by 54.8% year-over-year to just $404M, reducing the immediate liquidity buffer available to the company.
Source: 10-Q Balance Sheet, Q1 FY2026
As a regulated utility, PEG's revenue and profitability are subject to rate decisions by state and federal regulators. Unfavorable rate outcomes or delays in rate case approvals could limit revenue growth and compress margins in future periods.
Source: 10-Q Income Statement, Q1 FY2026
Investing cash outflows of -$736M in Q1 FY2026 reflect significant ongoing infrastructure spending. Continued high capex requirements may constrain free cash flow and necessitate external financing, increasing financial risk over time.
Source: 10-Q Cash Flow Statement, Q1 FY2026
Financing cash flow swung dramatically from +$345M in Q1 FY2025 to -$263M in Q1 FY2026, a 176.2% change, suggesting a shift from net debt/equity issuance to net repayments or dividend outflows that could tighten available capital.
Source: 10-Q Cash Flow Statement, Q1 FY2026
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 3.85 $B | 3.22 $B | +19.43% |
Operating Income $B | 1.08 $B | 0.80 $B | +34.88% |
Net Income $M | 741.00 $M | 589.00 $M | +25.81% |
EPS (Basic) $ | 1.48 $ | 1.18 $ | +25.42% |
EPS (Diluted) $ | 1.48 $ | 1.18 $ | +25.42% |
Answers draw on this SEC filing and the data on this page
PEG's Q2 FY2026 earnings declined sharply due to rising operating expenses, though operating cash flow improved and regulatory developments created a mixed outlook.
PEG delivered strong FY2025 results with revenue surging 18.3% to $12.17B and net income rising 19.1% to $2.11B, driven by robust operating cash flow growth of 54.6% to $3.30B.
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