earnings
confidence high
sentiment positive
materiality 0.80
PSEG Q1 GAAP EPS $1.18, non-GAAP $1.43; maintains FY25 guidance $3.94-$4.06; dividend raised 5%
PUBLIC SERVICE ENTERPRISE GROUP INC
2025-Q1 EPS reported
$1.18
revenue$3,222,000,000
- Net income $589M ($1.18 EPS) vs $532M ($1.06) YoY; non-GAAP operating earnings $718M ($1.43) vs $657M ($1.31).
- Maintains 2025 non-GAAP OE guidance $3.94-$4.06 per share; reaffirms 5-7% CAGR outlook through 2029.
- Q1 dividend raised 5% to $0.63/share ($2.52 annualized), reflecting continued financial strength.
- PSE&G net income $546M, benefiting from new base rates and seasonal gas revenue; large load inquiries exceed 6,400 MW.
- PSEG Nuclear achieved 99.9% capacity factor, generating 8.4 TWh; cold weather boosted realized prices.