Public Service Enterprise Group Incorporated Outlook
Description
Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs. As of December 31, 2021, it had electric transmission and distribution system of 25,000 circuit miles and 862,000 poles; 56 switching stations with an installed capacity of 39,353 megavolt-amperes (MVA), and 235 substations with an installed capacity of 9,285 MVA; four electric distribution headquarters and five electric sub-headquarters; and 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 58 natural gas metering and regulating stations. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.
Investors with an interest in Utility - Electric Power stocks have likely encountered both PNM Resources (PNM) and PSEG (PEG). But which of these two stocks offers value investors a better bang for their buck right now?
A full decade of planning and strengthening the electric infrastructure against extreme weather has increased reliability and resilience UNIONDALE, N.Y. , May 3, 2024 /PRNewswire/ -- PSEG Long Island has spent the last decade preparing the utility and the electric grid for hurricanes and other extreme weather.
FORT WORTH, Texas--(BUSINESS WIRE)--PSEG Long Island, which provides electricity to 1.2 million customers in the state of New York, today received the CS Week Expanding Excellence Award for Innovation in Digital Engagement. The award recognizes PSEG Long Island for its highly successful rate modernization effort, which saw the utility lower customer bills by an average of 10 percent and shift 4-5 percent of electricity load out of the peak. By taking a research-driven approach and employing a r.
Although the revenue and EPS for PSEG (PEG) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
PSEG's (PEG) Q1 revenues of $2.76 billion beat the Zacks Consensus Estimate by 4.1%. The top line, however, is down 26.5% from the year-ago quarter's level.
$1.06 PER SHARE NET INCOME $1.31 PER SHARE NON-GAAP OPERATING EARNINGS Reaffirms 2024 Non-GAAP Operating Earnings Guidance of $3.60 - $3.70 Per Share NEWARK, N.J., April 30, 2024 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported the following results for the first quarter of 2024: PSEG Consolidated (unaudited)First Quarter Comparative Results Income Diluted Earnings Per Share ($ millions, except per share amounts) 1Q 2024 1Q 2023 1Q 2024 1Q 2023 Net Income $532 $1,287 $1.06 $2.58 Reconciling Items 125 (592) 0.25 (1.19) Non-GAAP Operating Earnings $657 $695 $1.31 $1.39 Average Shares 500 500 See Attachments 7 and 8 for a complete list of items excluded from Net Income in the determination of non-GAAP Operating Earnings.
PSEG (PEG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
PSEG (PEG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.