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PSEG
🇺🇸 NYSE:PEG
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Sep 30, 2024

PSEG Q3 2024 Earnings Report

PSEG reported solid operating and financial results for Q3 2024, leading to a narrowed full-year non-GAAP operating earnings guidance.

Key Takeaways

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.

PSE&G Distribution Base Rate Case Settlement was approved and implemented.

PSE&G’s Energy Efficiency Programs were expanded and extended.

PSEG posted solid operating and financial results for the third quarter and year-to-date period.

PSEG narrowed its original 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.

Total Revenue
$2.64B
Previous year: $2.46B
+7.6%
EPS
$0.9
Previous year: $0.85
+5.9%
Rate Base
$17.8B
Previous year: $6
+296666666566.7%
Gross Profit
$641M
Previous year: $833M
-23.0%
Cash and Equivalents
$203M
Previous year: $57M
+256.1%
Free Cash Flow
-$145M
Previous year: -$229M
-36.7%
Total Assets
$54.1B
Previous year: $49.6B
+9.1%

PSEG

PSEG

Forward Guidance

PSEG narrowed its original 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.

Company Overview

Full financial data and analysis

View PSEG