https://assets.capyfin.com/instruments/678fdc13234e27009c5d5893.png avatar
PSEG
🇺🇸 NYSE:PEG
View Company
OverviewEarningsDividends
•
Jun 30, 2020

PSEG Q2 2020 Earnings Report

PSEG's second quarter 2020 results were announced, with net income at $0.89 per share and non-GAAP operating earnings at $0.79 per share.

Key Takeaways

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.

Net Income for the second quarter of 2020 was $451 million, or $0.89 per share.

Non-GAAP Operating Earnings for the second quarter of 2020 were $404 million, or $0.79 per share.

PSEG is exploring strategic alternatives for PSEG Power’s non-nuclear generating fleet.

The company is re-affirming PSEG’s non-GAAP Operating Earnings guidance for full-year 2020 of $3.30 - $3.50 per share.

Total Revenue
$2.05B
Previous year: $2.32B
-11.5%
EPS
$0.79
Previous year: $0.58
+36.2%
Gross Profit
$722M
Previous year: $862M
-16.2%
Cash and Equivalents
$431M
Previous year: $82M
+425.6%
Free Cash Flow
-$183M
Previous year: -$203M
-9.9%
Total Assets
$48.8B
Previous year: $46.3B
+5.4%

PSEG

PSEG

Forward Guidance

PSEG is re-affirming PSEG’s non-GAAP Operating Earnings guidance for full-year 2020 of $3.30 - $3.50 per share.

Company Overview

Full financial data and analysis

View PSEG