Public Service Enterprise Group
80.29-0.98 (-1.21%)
Oct 29, 4:00:02 PM EDT · NYSE · PEG · USD
Key Stats
Market Cap
40.07BP/E (TTM)
20.28Basic EPS (TTM)
3.96Dividend Yield
0.03%Recent Filings
8-K
PSEG Q2 earnings beat expectations
PSEG reported Q2 2025 net income of $1.17 per share, up from $0.87, driven by higher nuclear output and new PSE&G distribution rates, yet non-GAAP operating earnings rose to $0.77 per share from $0.63 amid storm resilience. The company reaffirmed full-year non-GAAP guidance of $3.94-$4.06 per share, signaling 9% growth at midpoint, while advancing a $3.8 billion regulated investment plan. PSE&G handled peak loads of 10,229 MW flawlessly.
10-Q
Q2 FY2025 results
PSEG posted solid Q2 results, with operating revenues climbing 16% year-over-year to $2.805B, fueled by higher delivery and commodity sales at PSE&G alongside stronger nuclear output at PSEG Power. Operating income jumped 40% to $817M, while diluted EPS held steady at $1.17 amid stable 500M shares; net income rose 35% to $585M, reconciling neatly to shares without dilution quirks. Key drivers included PSE&G's rate case settlement boosting revenues by $160M quarterly and nuclear capacity factors hitting 94.3%, though ZEC sales wrapped up in May. Liquidity stays robust with $186M cash and $3.5B credit availability, supporting $1.4B capex; free cash flow (derived) of $112M reflects operating cash minus investments. Yet regulatory shifts in capacity markets pose pricing risks.
8-K
PSEG Q1 earnings rise
PSEG reported Q1 2025 net income of $1.18 per share, up from $1.06 last year, driven by higher PSE&G revenues from new base rates and winter demand spikes that tested grid reliability. Non-GAAP operating earnings hit $1.43 per share, bolstered by nuclear output at a 99.9% capacity factor amid cold snaps. The company maintained 2025 guidance of $3.94-$4.06 per share while hiking its dividend 5% to $2.52 annually. Solid execution, yet weather volatility lingers.
10-Q
Q1 FY2025 results
PSEG kicked off 2025 with solid momentum, posting net income of $589 million, up from $532 million a year ago, driven by PSE&G's regulated investments and a lighter hit from mark-to-market swings. Revenues climbed 17% to $3,222 million year-over-year, fueled by higher delivery and commodity volumes, while operating income rose to $797 million from $685 million, with gross margins holding steady amid elevated energy costs. Cash from operations surged to $1,049 million, supporting $628 million in capex and boosting cash to $894 million; free cash flow (derived) came in at $421 million after $628 million capex. Debt grew to $22,998 million with fresh issuances, but liquidity remains robust at $3.7 billion available. No M&A or major impairments noted. Yet regulatory shifts in transmission planning pose a balanced risk.
8-K
PSEG annual meeting outcomes
Public Service Enterprise Group held its annual stockholder meeting on April 22, 2025, electing all 11 management-nominated directors to the board with strong majorities exceeding 90% support in most cases. Shareholders approved the advisory vote on executive compensation and ratified Deloitte & Touche as 2025 auditor, yet rejected proposed amendments to eliminate supermajority voting requirements for business combinations, director removals, and by-law changes, falling short of the 80% threshold. This preserves entrenched governance hurdles, potentially limiting activist influence.
IPO
Employees
Sector
Industry
CNP
CenterPoint Energy, Inc (Holdin
38.95-0.57
ETR
Entergy Corporation
95.46+0.44
FE
FirstEnergy Corp.
45.80-0.36
KEP
Korea Electric Power Corporatio
15.99+0.42
MGEE
MGE Energy Inc.
82.99-2.27
PCG
Pacific Gas & Electric Co.
15.76-0.36
POR
Portland General Electric Co
45.75-0.12
PPL
PPL Corporation
36.48-0.43
WEC
WEC Energy Group, Inc.
114.58-0.64
WELPM
Wisconsin Electric Power Co.
122.91+0.00