secwatch.observer — SEC 8-K summary
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Issuer:     PUBLIC SERVICE ENTERPRISE GROUP INC (PEG)
CIK:        0000788784
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001193125-23-131492
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788784/000119312523131492/0001193125-23-131492-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81033/000119312523131492/d449942d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-131492

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