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Sure, direct the output to a file and then manipulate the file with Python. See "REPORTOUTPUT" , "PROGRESSOUTPUT", etc., for how to direct the output to files and then back to PSSE console (you can do this in the GUI, see "I/O Control").
You might also want to learn how to use regular expression to process the texts.
Some advanced usange would involve composing the text into CSV files and then get a Excel workbook out of them.
The possiblity is boundless.