PSEG Q3 2020 Earnings Report

Reported solid third quarter results with net income of $575 million and non-GAAP operating earnings of $0.96 per share.

Key Takeaways

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.

Net Income for the third quarter of 2020 was $575 million, or $1.14 per share.

Non-GAAP Operating Earnings for the third quarter of 2020 were $488 million, or $0.96 per share.

PSE&G was authorized to invest $1 billion over three years in energy efficiency programs.

PSEG is updating and narrowing PSEG’s full-year 2020, non-GAAP Operating Earnings guidance to $3.35 to $3.50 per share.