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AI brief of an SEC Form 8-K · Public Service Enterprise (PEG)

PSEG 2023 net income rises to $5.13 per share; fourth-quarter profit falls

Mixed Impact 3 of 5 earnings Written later

PSEG reported full-year 2023 net income of $2.56 billion, or $5.13 per share, up from $1.03 billion, or $2.06 per share, in 2022. Non-GAAP operating earnings were $3.48 per share, close to the $3.47 reported for 2022, and fourth-quarter results declined from a year earlier. The company reaffirmed its 2024 non-GAAP operating earnings guidance of $3.60 to $3.70 per share.

Key points

  • Full-year 2023 operating revenues were $11.24 billion, compared with $9.80 billion in 2022.
  • Fourth-quarter 2023 net income was $546 million, or $1.10 per share, versus $788 million, or $1.58 per share, in the fourth quarter of 2022.
  • Full-year 2023 non-GAAP operating earnings were $3.48 per share; the company said this came in at the high end of its 2023 guidance range.
  • Management reaffirmed 2024 non-GAAP operating earnings guidance of $3.60 to $3.70 per share and set an indicative 2024 annual common dividend rate of $2.40 per share, up $0.12.

The filing

CompanyPublic Service Enterprise (PEG)
Form8-K, current report
Filed with the SECFeb 26, 2024, 9:02 AM ET
Accession number0001193125-24-045482

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 26, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.