earnings
confidence high
sentiment neutral
materiality 0.65
PSEG Q1 2024 non-GAAP operating EPS $1.31; reaffirms 2024 guidance $3.60-$3.70; dividend raised
PUBLIC SERVICE ENTERPRISE GROUP INC
2024-Q1 EPS reported
$1.06
revenue$2,760,000,000
- Q1 2024 non-GAAP operating earnings $657M ($1.31/share) vs $695M ($1.39/share) in Q1 2023.
- Q1 2024 net income $532M ($1.06/share) vs $1.287B ($2.58/share), impacted by prior-year $592M one-time gain.
- Reaffirmed full-year 2024 non-GAAP operating earnings guidance of $3.60-$3.70 per share.
- Declared quarterly dividend of $0.60/share, an annualized increase of $0.12 per share for 2024.
- PSE&G invested $0.8B in Q1; on track for planned 2024 regulated capital investments of $3.4B.