Public Service Enterprise Group Incorporated
Public Service Enterprise Group Announces Q4 and Full Year 2024 Financial Results and 2025 Guidance
Summary
Public Service Enterprise Group (PSEG) announced its financial results for the fourth quarter and full year 2024. The company reported a net income of $0.57 per share for Q4 and $3.54 per share for the full year 2024. Non-GAAP Operating Earnings were $0.84 per share for Q4 and $3.68 per share for the full year 2024. PSEG also provided its initial guidance for 2025, projecting non-GAAP Operating Earnings between $3.94 and $4.06 per share, representing an approximate 9% increase over 2024 results. The company expects to increase its annual common dividend by 5% to $2.52 per share. These results and guidance were presented during an earnings call and further detailed in the accompanying slideshow presentation.
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About Public Service Enterprise Group Incorporated
Public Service Enterprise Group Incorporated, commonly referred to as PSEG, is a diversified energy company based in the United States. Its primary function is to generate and supply electricity and gas to a wide range of consumers, including residential, commercial, and industrial clients, predominantly in the Northeastern region. PSEG operates through its main subsidiaries: PSEG Power, which involves the company's energy generation endeavors, and PSE&G, a regulated public utility providing gas and electric service to New Jersey residents. PSEG Power focuses on producing electricity through a mix of environmentally friendly sources, including nuclear, coal, natural gas, and renewable energy, highlighting the company's commitment to sustainable energy solutions. Meanwhile, PSE&G services over 2 million electric customers and nearly 2 million gas customers, placing it among the largest combined electric and gas companies in the U.S. As an integral player in the energy sector, PSEG contributes significantly to the regional infrastructure and economy, emphasizing reliability and innovative customer solutions. Established over a century ago, its consistent focus on modernizing energy generation and distribution positions it as a vital component of the region’s energy landscape.
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