PSEG Q2 net income $434M ($0.87 EPS); reaffirms FY2024 non-GAAP guidance $3.60-$3.70

PUBLIC SERVICE ENTERPRISE GROUP INC

2024-Q2 EPS reported $1.93 revenue$5,183,000,000

Q2 2024 net income $434M ($0.87 diluted EPS) vs $591M ($1.18) in Q2 2023.
Non-GAAP operating earnings $313M ($0.63/share) vs $351M ($0.70) year ago.
Full-year 2024 non-GAAP operating EPS guidance reaffirmed at $3.60-$3.70.
PSE&G segment net income $302M; capital spending $0.9B in Q2, on track for $3.4B full-year.
PSEG Power net income $132M; nuclear PTC benefit offset by Hope Creek refueling outage costs.

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