Public Service Enterprise Group Inc

PEG

Equity

ISIN null / Valor 964270

New York Stock Exchange, Inc (2025-11-18)

USD 82.36-0.13%

Public Service Enterprise Group Inc
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About company

Public Service Enterprise Group Inc, commonly known as PSE&G, is a diversified energy company with a long history dating back to its formation in 1903. Initially established through the merger of over 400 gas, electric, and transportation companies in New Jersey, PSE&G has evolved significantly over the years. The company underwent restructuring in the early 20th century, consolidating its various interests into Public Service Electric and Gas for its utility operations and Public Service Coordinated Transport for its transportation ventures, the latter eventually becoming Transport of New Jersey. Regulatory pressures in the mid-20th century led to further organizational changes, culminating in the company's re-establishment as a standalone entity in 1943 and its renaming to Public Service Electric and Gas Company in 1948. Today, PSE&G focuses on providing a range of energy services, including gas and electric utilities, to customers, leveraging its historical roots and extensive experience in the energy sector to meet the needs of its clientele in New Jersey and beyond.

Summarized from source with an LLMView SourceSector: Energy

Strong Net Income Growth

PSEG reported a net income of $585 million for the second quarter of 2025, up from $434 million in the same period last year. Earnings per share increased to $1.17 from $0.87, highlighting the company's effective financial management and growth strategies.

Maintained Earnings Guidance

The company maintained its 2025 non-GAAP operating earnings guidance of $3.94 to $4.06 per share, reflecting confidence in its ongoing projects and market position. This guidance represents a 9% increase at the midpoint compared to 2024 results.

Operational Excellence

PSEG successfully navigated extreme weather conditions, including three consecutive days of 100°F temperatures and intense storms, ensuring reliable service and infrastructure stability. The company's proactive measures and investment in system reliability were pivotal in maintaining customer trust and service continuity.

Strategic Investments and Growth

The company is focused on optimizing its nuclear operations, including an upcoming refueling outage at the Hope Creek nuclear unit, which will extend its fuel cycle from 18 to 24 months. Additionally, PSEG continues to pursue opportunities to grow its non-GAAP operating earnings outlook through strategic investments and potential multi-year agreements.

Customer Support Initiatives

PSE&G implemented a Summer Relief Initiative to assist residential customers with deferred billing during high usage months and extended shut-off protections for income-qualified customers. These initiatives demonstrate PSEG's commitment to affordability and customer support.

Summarized from source with an LLMView Source

Key figures

-7.91%1Y

42.8%3Y

42.4%5Y

Performance

22.9%1Y

20.5%3Y

20.7%5Y

Volatility