---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-273334"
form_type: "8-K"
ticker: "PEG"
cik: "0000788784"
company_name: "PUBLIC SERVICE ENTERPRISE GROUP INC"
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T22:08:15.717410+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PSEG Q3 Non-GAAP EPS $0.86 vs $0.98 YoY; narrows 2022 guidance to $3.40-$3.50

## Summary
- GAAP net income $114M ($0.22 EPS) vs net loss $1,564M ($3.10 loss) in Q3 2021 due to fossil impairment.
- Non-GAAP operating earnings $429M ($0.86 EPS) vs $495M ($0.98 EPS) YoY; Q3 electric gross margin declined $0.29/sh.
- Narrowed 2022 non-GAAP EPS guidance to $3.40-$3.50 from $3.35-$3.55, midpoint affirmed; PSE&G net income forecast raised to $1,545-1,575M.
- PSE&G revised 2022 capex to $3B; filed FERC formula rate update for $69M increase effective Jan 1, 2023.
- Nuclear Q3 output 8 TWh; 94.3% YTD capacity factor; hedged 95-100% of 2023 output at $30/MWh; net cash collateral postings $1.7B.

## SEC filing metadata
- accession: 0001193125-22-273334
- form_type: 8-K
- ticker: PEG
- cik: 0000788784
- company_name: PUBLIC SERVICE ENTERPRISE GROUP INC
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788784/000119312522273334/0001193125-22-273334-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/81033/000119312522273334/d408496d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-273334
- JSON: https://secwatch.observer/filing/0001193125-22-273334.json
- Plain text: https://secwatch.observer/filing/0001193125-22-273334.txt

## Key facts
- Earnings Releases
  PUBLIC SERVICE ENTERPRISE GROUP INC reported the three months ended September 30, 2022 results: net income $114 million, EPS $0.22 per share. Guidance reaffirmed.
  - Period: the three months ended September 30, 2022
  - Net income: $114 million
  - EPS: $0.22 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Public Service Enterprise Group (NYSE: PEG) reported Net Income of $114 million, or $0.22 per share for the third quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/788784/000119312522273334/0001193125-22-273334-index.htm
- Earnings Releases
  PUBLIC SERVICE ENTERPRISE GROUP INC updated its the nine months ended September 30, 2022 guidance (reaffirmed).
  - Period: the nine months ended September 30, 2022
  - Guidance: reaffirmed
  - Result: reported results
  source text: PSEG announced financial results for the three and nine months ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788784/000119312522273334/0001193125-22-273334-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.