PSEG Earnings Reports

PSEG delivered solid Q3 2025 performance, with notable increases in net income and adjusted EPS. Results were supported by the impact of new electric and gas rates, continued investment in New Jersey’s energy infrastructure, and reliable output from its nuclear fleet.

PSEG reported $585 million in net income for Q2 2025, a 35% increase YoY, supported by higher earnings at both PSE&G and Power segments. Non-GAAP operating EPS rose to $0.77, with continued investments in grid reliability and nuclear operations positioning the company well for the future.

Public Service Enterprise Group delivered a solid performance in Q1 2025, driven by peak winter demand and high operational reliability, resulting in increased revenue, net income, and EPS.

Public Service Enterprise Group (PSEG) reported Q4 2024 revenue of $2.47 billion, with net income reaching $286 million. Adjusted EPS came in at $0.84, reflecting strong operational results. PSE&G saw increased earnings from infrastructure investments, while PSEG Power & Other benefited from improved energy margins.

PSEG announced its Q3 2024 results, with a net income of $1.04 per share and non-GAAP operating earnings of $0.90 per share. The company has narrowed its full-year 2024 non-GAAP Operating Earnings guidance from $3.60 to $3.70 per share to a range of $3.64 to $3.68 per share.

PSEG reported a net income of $434 million, or $0.87 per share, for the second quarter of 2024. Non-GAAP operating earnings were $313 million, or $0.63 per share. The company reaffirmed its full-year 2024 non-GAAP operating earnings guidance range of $3.60 to $3.70 per share.

PSEG reported a net income of $532 million, or $1.06 per share, for the first quarter of 2024. Non-GAAP operating earnings were $657 million, or $1.31 per share. The company reaffirms its 2024 non-GAAP operating earnings guidance of $3.60 to $3.70 per share.

PSEG's Q4 2023 results showed a net income of $546 million, or $1.10 per share. Non-GAAP operating earnings were $271 million, or $0.54 per share. The company reaffirmed its 2024 non-GAAP operating earnings guidance of $3.60 to $3.70 per share.

PSEG announced third quarter 2023 results, with a Net Income of $0.27 per share and Non-GAAP Operating Earnings of $0.85 per share. The company re-affirmed its full-year 2023 Non-GAAP Operating EPS guidance range of $3.40 - $3.50.

Public Service Enterprise Group (PSEG) reported a strong second quarter in 2023, with Net Income of $591 million, or $1.18 per share, and Non-GAAP Operating Earnings of $351 million, or $0.70 per share. The company reaffirmed its full-year 2023 non-GAAP Operating Earnings guidance of $3.40 to $3.50 per share.

PSEG's first quarter 2023 results showed a strong improvement in net income, reaching $1,287 million, and solid non-GAAP operating earnings of $695 million. The company reaffirmed its full-year non-GAAP operating EPS guidance, driven by regulated operations growth and cost reduction efforts.

PSEG reported a net income of $788 million, or $1.58 per share, for the fourth quarter of 2022, compared to $445 million, or $0.88 per share, in the fourth quarter of 2021. Non-GAAP Operating Earnings for the fourth quarter of 2022 were $318 million, or $0.64 per share, compared to $352 million, or $0.69 per share in 2021.

Public Service Enterprise Group (PSEG) reported a Net Income of $114 million, or $0.22 per share, for the third quarter of 2022. Non-GAAP Operating Earnings for the third quarter of 2022 were $429 million, or $0.86 per share. The company narrowed its 2022 non-GAAP operating earnings guidance to $3.40 - $3.50 per share.

Public Service Enterprise Group (PSEG) reported a net income of $131 million, or $0.26 per share, for Q2 2022, compared to a net loss of $177 million, or $0.35 per share, in Q2 2021. Non-GAAP operating earnings for Q2 2022 were $320 million, or $0.64 per share, compared to $356 million, or $0.70 per share, in Q2 2021. The company re-affirmed its 2022 non-GAAP operating earnings guidance of $3.35—$3.55 per share.

PSEG reported a net loss of $2 million, or less than $0.01 per share, for the first quarter of 2022. However, non-GAAP operating earnings were $672 million, or $1.33 per share, compared to $650 million, or $1.28 per share in the first quarter of 2021. The net loss reflects $674 million of reconciling items, predominantly mark to market adjustments.

PSEG reported a net income of $445 million, or $0.88 per share, for the fourth quarter of 2021. Non-GAAP operating earnings for the fourth quarter were $352 million, or $0.69 per share.

PSEG reported a net loss of $1,564 million, or $3.10 per share, due to a pre-tax impairment loss related to the Fossil sale. However, non-GAAP operating earnings were $495 million, or $0.98 per share. The company raised its full-year non-GAAP operating earnings guidance to $3.55 - $3.70 per share.

PSEG reported a Net Loss of $177 million, or $0.35 per share, for the second quarter of 2021. However, Non-GAAP Operating Earnings for the second quarter of 2021 were $356 million, or $0.70 per share. The company also raised the bottom end of its full-year 2021 non-GAAP operating earnings guidance range to $3.40 – $3.55 per share.

Public Service Enterprise Group (PSEG) reported a strong first quarter in 2021, with net income rising to $648 million, or $1.28 per share, compared to $448 million, or $0.88 per share, in the first quarter of 2020. Non-GAAP Operating Earnings also increased to $650 million, or $1.28 per share, from $520 million, or $1.03 per share, in the same period last year. The company is reaffirming its non-GAAP Operating Earnings guidance for the full year 2021, projecting $3.35 - $3.55 per share.

PSEG announced its 2020 results, with a Q4 Net Income of $431 million, or $0.85 per share. Non-GAAP Operating Earnings for the fourth quarter of 2020 were $329 million. The company's full-year 2020 non-GAAP Operating Earnings rose by 4.6% over 2019 results.

PSEG reported a strong third quarter with Net Income of $575 million, or $1.14 per share, compared to $403 million, or $0.79 per share, in Q3 2019. Non-GAAP Operating Earnings were $488 million, or $0.96 per share, compared to $495 million, or $0.98 per share, in Q3 2019. The company also narrowed its Non-GAAP Operating Earnings Guidance to $3.35 - $3.50 Per Share.

PSEG reported a solid second quarter with Net Income of $451 million, or $0.89 per share, compared to Net Income of $153 million, or $0.30 per share, in the second quarter of 2019. Non-GAAP Operating Earnings for the second quarter of 2020 were $404 million, or $0.79 per share, compared to non-GAAP Operating Earnings for the second quarter of 2019 of $294 million, or $0.58 per share. The company is re-affirming its non-GAAP Operating Earnings guidance for full-year 2020 of $3.30 - $3.50 per share.

PSEG reported a Net Income of $448 million, or $0.88 per share, for the first quarter of 2020, compared to $700 million, or $1.38 per share, in the first quarter of 2019. Non-GAAP Operating Earnings for the first quarter of 2020 were $520 million, or $1.03 per share, compared to $547 million, or $1.08 per share, in the first quarter of 2019.

PSEG reported a Q4 2019 Net Income of $437 million, or $0.86 per share, compared to a Net Income of $199 million, or $0.39 per share in Q4 2018. Non-GAAP Operating Earnings for Q4 2019 were $330 million, or $0.64 per share, compared to $284 million, or $0.56 per share for Q4 2018.