PSEG Q1 net income $1.29B ($2.58/sh) vs loss year ago; reaffirms FY EPS $3.40-$3.50

PUBLIC SERVICE ENTERPRISE GROUP INC

2023-Q1 EPS reported $2.58 revenue$3,755,000,000

Net income of $1.29B ($2.58 diluted EPS) compared to net loss of $2M in Q1 2022; non-GAAP operating EPS $1.39 vs $1.33.
PSE&G net income $487M (-4% YoY); non-GAAP operating earnings $492M; reaffirms FY 2023 guidance $1.50B-$1.525B.
PSEG Power & Other net income $800M vs loss $511M YoY; non-GAAP operating earnings $203M vs $163M; FY guidance $200M-$225M.
Re-affirms full-year 2023 non-GAAP operating EPS guidance of $3.40-$3.50; utility capex $3.5B in 2023.
PSE&G proposed $2.5B Gas System Modernization Program III to NJ BPU for three-year investment.

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 0.95

PUBLIC SERVICE ENTERPRISE GROUP INC reported first quarter 2023 results: net income $695 million, EPS $1.39.

Period: first quarter 2023
Net income: $695 million
EPS: $1.39
Result: reported results

Exact text from the filing

Non-GAAP Operating Earnings for the first quarter of 2023 were $695 million, or $1.39 per share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PUBLIC SERVICE ENTERPRISE GROUP INC reported full-year 2023 results: EPS $3.40 - $3.50. Guidance reaffirmed.

Period: full-year 2023
EPS: $3.40 - $3.50
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

PSEG is re-affirming its full-year, 2023 non-GAAP Operating Earnings guidance of $3.40 to $3.50 per share.

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Source: SEC EDGAR

accession 0001193125-23-131492

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