---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-131492"
form_type: "8-K"
ticker: "PEG"
cik: "0000788784"
company_name: "PUBLIC SERVICE ENTERPRISE GROUP INC"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T04:14:04.243124+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-131492
- form_type: 8-K
- ticker: PEG
- cik: 0000788784
- company_name: PUBLIC SERVICE ENTERPRISE GROUP INC
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/788784/000119312523131492/0001193125-23-131492-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/81033/000119312523131492/d449942d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-131492
- JSON: https://secwatch.observer/filing/0001193125-23-131492.json
- Plain text: https://secwatch.observer/filing/0001193125-23-131492.txt

## Key facts
- Earnings Releases
  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
  source text: Non-GAAP Operating Earnings for the first quarter of 2023 were $695 million, or $1.39 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/788784/000119312523131492/0001193125-23-131492-index.htm
- Earnings Releases
  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
  source text: PSEG is re-affirming its full-year, 2023 non-GAAP Operating Earnings guidance of $3.40 to $3.50 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/788784/000119312523131492/0001193125-23-131492-index.htm

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