Public Service Enterprise Group, Inc. (PEG) or PSEG's focus on renewable generation expansion is likely to bolster its footprint in the clean energy market. To enhance customer reliability, the company makes consistent investments in its infrastructure, strengthening its transmission and distribution system's resilience. However, this Zacks Rank #3 (Hold) company faces risks like an unfavorable financial position and expenditure to remediate every manufactured gas plant (MGP) site, which acts as a headwind. ...

In the equity market, investments need to be prudently hedged to overcome uncertainties and limit losses related to external shocks. A question that often arises is whether one should resort to a value strategy that seeks discounted stocks or opt for growth investing in times of extreme market instability. The investing track of the Oracle of Omaha over the past few decades and his gradual shift from being a pureplay value investor to a GARP (growth at a reasonable price) investor might give us all the answ ...

Revenues Unrelated to Contracts with Customers Revenues from Contracts with Customers NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) PSEG Power has entered into long-term contracts with LIPA for energy management and fuel procurement services. Revenue is recognized over time as services are rendered. Revenues Unrelated to Contracts with Customers PSEG Power's revenues unrelated to contracts with customers include electric, gas and certain energy-related transactions accounted for in accord ...

PSEG Leadership Policies & Goals Recognition & Memberships Glossary of Terms Public Service Enterprise Group Incorporated - Consolidated Operating Earnings (non-GAAP) Reconciliation Lease Related Activity, pre-tax - - (0.01) - Reconciliation of Non-GAAP Operating Earnings A 18 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------|-------|---------------------------|----------|------------------------------------|------- ...

Public Service Enterprise Group Incorporated (NYSE:PEG) Q2 2024 Earnings Conference Call July 30, 2024 11:00 AM ET Company Participants Carlotta Chan - Investor Relations Ralph LaRossa - Chair, President and Chief Executive Officer Dan Cregg - Executive Vice President and Chief Financial Officer Conference Call Participants Julien Dumoulin-Smith - Jefferies Shar Pourreza - Guggenheim Michael Sullivan - Wolfe Research Nick Campanella - Barclays Jeremy Tonet - JP Morgan David Arcaro - Morgan Stanley Carly Dav ...

Under electric sales, residential sales volumes totaled 3,369 million kilowatt-hours, up 20% from the prior-year quarter's figure. Its commercial and industrial sales volumes accounted for 6,377 million kilowatt-hours, registering a year-over-year improvement of 8%. Highlights of the Release The operating income totaled $582 million in the second quarter compared with $794 million in the year-ago period. This indicated a year-over-year decline of 26.7%. Interest expenses amounted to $218 million in the seco ...

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PSEG (PEG) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -1.56%. A quarter ago, it was expected that this parent company of PSEG Power and Public Service Electric & Gas Co. Would post earnings of $1.32 per share when it actually produced earnings of $1.31, delivering a surprise of - ...

Exhibit 99 $0.63 PER SHARE NON-GAAP OPERATING EARNINGS "PSEG's financial results for the second quarter and first half are in line with our expectations for the full year, enabling us to reaffirm our full-year 2024 non-GAAP Operating Earnings guidance range of $3.60 to $3.70 per share," said Ralph LaRossa, PSEG's chair, president and CEO. "PSEG responded well to the extreme conditions we experienced during the quarter, which included an early summer heat wave and one of the strongest earthquakes in New Jers ...

$0.87 PER SHARE NET INCOME Reaffirms Full-Year 2024 Non-GAAP Operating Earnings Guidance PSEG Consolidated (unaudited) Second Quarter Comparative Results See Attachments 8 and 9 for a complete list of items excluded from Net Income in the determination of non-GAAP Operating Earnings. PSEG Results by Segment | --- | --- | --- | |----------------------------------------|---------|---------| | | | | | ($ millions, except per share amounts) | 2Q 2024 | 2Q 2023 | | Net Income | $302 | $336 | | Net Income Per Sha ...