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

PSEG Q1 net income falls to $532 million; 2024 operating earnings guidance reaffirmed

Negative Impact 3 of 5 earnings Written later

PSEG reported first-quarter 2024 net income of $532 million, or $1.06 per diluted share, down from $1,287 million, or $2.58, a year earlier. Non-GAAP operating earnings were $657 million, or $1.31 per share, compared with $695 million, or $1.39, and operating revenues fell to $2,760 million from $3,755 million. The company reaffirmed 2024 non-GAAP operating earnings guidance of $3.60 to $3.70 per share.

Key points

  • Net income was $532 million ($1.06 per share) versus $1,287 million ($2.58 per share) in the first quarter of 2023.
  • Non-GAAP operating earnings were $657 million ($1.31 per share) versus $695 million ($1.39 per share).
  • PSEG Power & Other operating earnings were $169 million ($0.33 per share) versus $203 million ($0.40); PSE&G was $488 million ($0.98 per share) versus $492 million ($0.99).
  • PSEG reaffirmed 2024 non-GAAP operating earnings guidance of $3.60 to $3.70 per share and declared a first-quarter dividend of $0.60 per share.

The filing

CompanyPublic Service Enterprise (PEG)
Form8-K, current report
Filed with the SECApr 30, 2024, 9:01 AM ET
Accession number0001193125-24-123861

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

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing 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 April 30, 2024.

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