PSEG Earnings Reports

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.