PSEG(US:PEG) ZACKS·2025-12-03 17:36Core Insights - Public Service Enterprise Group Incorporated (PSEG) reported strong third-quarter 2025 earnings, with adjusted earnings per share (EPS) of $1.13, surpassing estimates by 11.9% and showing a year-over-year increase of 25.6% [3] - Total revenues reached $3.23 billion, exceeding the consensus estimate by 18.2% and reflecting a 22.1% increase from the previous year [4] - The company has revised its 2025 adjusted earnings guidance to a range of $4.00-$4.06 per share, slightly narrowing from the previous range [11] Financial Performance - PSEG's operating income was $855 million, a 33.4% increase from the prior year, while total operating expenses rose by 18.5% to $2.37 billion [7] - The long-term debt as of September 30, 2025, was $22.54 billion, up from $21.11 billion at the end of 2024 [9] - Net cash flow from operating activities for the first nine months of 2025 was $2.58 billion, compared to $1.77 billion in the same period of 2024 [10] Sales Volume - Electric sales volume decreased by 1% year-over-year to 11,804 million kilowatt-hours, with residential sales down 2% and commercial and industrial sales down 1% [5] - Gas sales volume saw a 7% decline to 404 million therms, although total gas sales experienced a 4% increase in firm sales volume [6] Segment Performance - The PSE&G segment reported a net income of $515 million, up from $379 million in the same quarter of the previous year [8] - The PSEG Power & Other segment's adjusted operating income was $107 million, down from $141 million year-over-year [8] Market Outlook - Estimates for PSEG have been trending upward since the earnings release, indicating positive investor sentiment [12] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [14] - In comparison, Edison International, a peer in the electric power industry, reported a year-over-year revenue increase of 10.6% and has a Zacks Rank of 2 (Buy) [15][16]