https://assets.capyfin.com/instruments/678fdc13234e27009c5d5893.png avatar
PSEG
🇺🇸 NYSE:PEG
View Company
OverviewEarningsDividends
•
Dec 31, 2021

PSEG Q4 2021 Earnings Report

PSEG reported strong operating and financial results for 2021, with Q4 net income of $445 million.

Key Takeaways

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 Q4 2021 net income of $445 million, or $0.88 per share.

Q4 2021 non-GAAP operating earnings were $352 million, or $0.69 per share.

For 2021, PSE&G Net Income increased by 9% above 2020 results, to $2.85 per share and contributed approximately 80% of PSEG’s consolidated non-GAAP Operating Earnings.

PSEG Power has completed the Fossil sale to ArcLight Capital Partners, LLC.

Total Revenue
$3.06B
Previous year: $2.4B
+27.2%
EPS
$0.69
Previous year: $0.65
+6.2%
Gross Profit
$1.19B
Previous year: $761M
+56.9%
Cash and Equivalents
$863M
Previous year: $543M
+58.9%
Free Cash Flow
-$115M
Previous year: -$246M
-53.3%
Total Assets
$49B
Previous year: $50.1B
-2.1%

PSEG

PSEG

Forward Guidance

PSEG is narrowing the range of its existing 2022 full-year guidance for non-GAAP Operating Earnings to $3.35 to $3.55 per share, from the $3.30 to $3.60 per share initiated in September 2021.

Positive Outlook

  • PSE&G Net Income for 2022 is forecasted at $1,510 million – $1,560 million
  • PSE&G reflects the benefit of contemporaneously recovered investments
  • PSE&G reflects the full-year benefit of the CIP.
  • PSEG’s 2022 Operating Earnings guidance excludes results from operations related to the Fossil assets held for sale.
  • PSEG is narrowing the range of its existing 2022 full-year guidance for non-GAAP Operating Earnings to $3.35 to $3.55 per share

Company Overview

Full financial data and analysis

View PSEG