PSEG FY2023 non-GAAP EPS $3.48, at high-end guidance; reaffirms 2024 view $3.60-$3.70, raises dividend

PUBLIC SERVICE ENTERPRISE GROUP INC

2023-FY EPS reported $5.13 revenue$11,237,000,000

Full-year 2023 non-GAAP operating EPS of $3.48, at high-end of guidance range; 19th consecutive year meeting or exceeding guidance.
Net income of $2.56B ($5.13 diluted EPS) vs $1.03B ($2.06) in 2022; Q4 net income $546M ($1.10 EPS).
Reaffirmed 2024 non-GAAP operating EPS guidance of $3.60-$3.70; raised annual dividend rate to $2.40/share.
PSE&G FY2023 non-GAAP operating EPS $3.06; PSEG Power & Other $0.42.
PSE&G filed base rate case seeking recovery of $3B+ investments; first rate case since 2018.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PUBLIC SERVICE ENTERPRISE GROUP INC reported full-year and fourth quarter of 2023 results: net income $2,563, EPS $5.13 per share net income. Guidance reaffirmed.

Period: full-year and fourth quarter of 2023
Net income: $2,563
EPS: $5.13 per share net income
Guidance: reaffirmed
Result: reported results

Exact text from the filing

PSEG ANNOUNCES 2023 RESULTS $5.13 PER SHARE NET INCOME $3.48 PER SHARE NON-GAAP OPERATING EARNINGS Reaffirms 2024 Non-GAAP Operating Earnings Guidance of $3.60 - $3.70 Per Share

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Source: SEC EDGAR

accession 0001193125-24-045482

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