earnings
confidence high
sentiment positive
materiality 0.80
PSEG Q3 net income $622M ($1.24 EPS); narrows 2025 guidance to $4.00-$4.06
PUBLIC SERVICE ENTERPRISE GROUP INC
2025-Q3 EPS reported
$3.59
revenue$9,253,000,000
- GAAP net income $622M vs $520M YoY; non-GAAP operating earnings $565M ($1.13 EPS) vs $448M ($0.90 EPS).
- 2025 non-GAAP EPS guidance narrowed to $4.00-$4.06 from $3.94-$4.06; 5-7% growth outlook through 2029 reaffirmed.
- PSE&G net income $515M (up 36% YoY) driven by new electric/gas rates from Oct 2024 base rate case settlement.
- Five-year capex plan $22.5B-$26B funded without new equity; LIPA contract extended through 2030.
- Hope Creek unit ran 499 days continuous; fuel cycle extended to 24 months for higher output.