PSEG(US:PEG) ZACKS·2025-11-07 16:20Core Insights - Public Service Enterprise Group Incorporated (PSEG) reported third-quarter 2025 adjusted earnings of $1.13 per share, exceeding the Zacks Consensus Estimate of $1.01 by 11.9% and reflecting a 25.6% increase from the prior year's figure of 90 cents per share [1][8] - Total operating revenues reached $3.23 billion, surpassing the Zacks Consensus Estimate of $2.73 billion by 18.2% and increasing 22.1% from $2.64 billion in the previous year [2][8] Revenue and Sales Performance - Electric sales volume totaled 11,804 million kilowatt-hours, a decline of 1% year over year, while gas sales volume decreased by 7% to 404 million therms [3] - Residential electric sales volume was 4,539 million kilowatt-hours, down 2% from the prior year, and commercial and industrial sales volume was 7,181 million kilowatt-hours, reflecting a 1% decline [3] - Other sales amounted to 84 million kilowatt-hours, up 18% from the previous year [4] Financial Highlights - Operating income was $855 million, a 33.4% increase from $641 million in the year-ago period [5] - Total operating expenses rose to $2.37 billion, up 18.5% from the previous year [5] - Interest expenses increased to $253 million, reflecting an 11.5% year-over-year rise [5] Segment Performance - The PSE&G segment reported net income of $515 million, up from $379 million in the third quarter of 2024 [6] - Adjusted operating income for the PSEG Power & Other segment was $107 million, down from $141 million in the prior-year quarter [6] Financial Position - Long-term debt as of September 30, 2025, was $22.54 billion, compared to $21.11 billion as of December 31, 2024 [7] Guidance and Outlook - PSEG narrowed its 2025 EPS guidance to a range of $4.00-$4.06, compared to the previous guidance of $3.94-$4.06, with the Zacks Consensus Estimate currently at $4.03 per share [10]