earnings
confidence high
sentiment neutral
materiality 0.70
PSEG Q3 2023 EPS $0.27 GAAP, $0.85 non-GAAP; reaffirms FY guidance $3.40-$3.50
PUBLIC SERVICE ENTERPRISE GROUP INC
2023-Q3 EPS reported
$4.03
revenue$8,632,000,000
- Net income $139M ($0.27/sh) vs $114M ($0.22/sh) YoY; non-GAAP operating earnings $425M ($0.85/sh).
- Reaffirmed FY2023 non-GAAP operating EPS guidance of $3.40-$3.50.
- PSE&G net income $401M ($0.80/sh) flat; PSEG Power & Other net loss $262M.
- Completed pension lift-out (~$1B obligations) with $332M pre-tax settlement charge; sold Kalaeloa fossil unit in July.
- NJ BPU approved GSMP II extension through 2025 for ~$900M; YTD capex $2.7B, FY2023 expected $3.7B.