PEG
Public Service Enterprise Group Incorporated79.93
-0.67-0.83%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
39.90BP/E (TTM)
19.21Basic EPS (TTM)
4.16Dividend Yield
0.03%Recent Filings
8-K
10-Q
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 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
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.
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