PSEG reports FY2022 net income $1.03B vs loss; narrows 2023 EPS guidance to $3.40-$3.50

PUBLIC SERVICE ENTERPRISE GROUP INC

2022-FY EPS reported $2.06 revenue$9,800,000,000

Full-year 2022 Net Income $1,031M ($2.06 EPS) vs Net Loss $648M ($1.29 EPS) in 2021.
Non-GAAP Operating Earnings $1,739M ($3.47 EPS) vs $1,853M ($3.65 EPS) in 2021.
PSE&G Net Income rose 8.2% to $1,565M; rate base $26.4B, up 7.7% YoY.
2023 non-GAAP EPS guidance narrowed to $3.40-$3.50 from $3.35-$3.55; dividend set at $2.28/share.
Sale of 25% Ocean Wind 1 stake to Ørsted expected to close H1 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PUBLIC SERVICE ENTERPRISE GROUP INC reported the three and twelve months ended December 31, 2022 results: net income $1,031 million, or $2.06 per share, EPS $2.06 per share.

Period: the three and twelve months ended December 31, 2022
Net income: $1,031 million, or $2.06 per share
EPS: $2.06 per share
Result: reported results

Exact text from the filing

PSEG announced financial results for the three and twelve months ended December 31, 2022.

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Source: SEC EDGAR

accession 0001193125-23-043043

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