PSEG Q3 net income $1.04/share; narrows FY2024 non-GAAP EPS guidance to $3.64-$3.68

PUBLIC SERVICE ENTERPRISE GROUP INC

2024-Q3 EPS reported $2.97 revenue$7,825,000,000

Q3 2024 net income $520M ($1.04 per share) vs $139M ($0.27) in Q3 2023; non-GAAP operating earnings $0.90 vs $0.85.
Full-year 2024 non-GAAP operating EPS guidance narrowed to $3.64-$3.68 from prior $3.60-$3.70 range.
PSE&G base rate case approved: $505M annual revenue increase; distribution rate base $17.8B, ROE 9.6%, equity ratio 55%.
PSE&G CEF-EE II approved: $1.9B energy efficiency investment program plus $1B customer on-bill repayment, both rate base.
Five-year capital plan $19B-$22.5B funded without equity issuance; nuclear production tax credit benefiting results.

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