PSEG Q3 net income rises to $520 million; narrows 2024 earnings guidance
Public Service Enterprise Group reported third-quarter 2024 net income of $520 million, or $1.04 per share, up from $139 million, or $0.27 per share, a year earlier. Non-GAAP operating earnings were $0.90 per share, compared with $0.85 in the prior-year quarter, and the company narrowed its full-year 2024 non-GAAP operating earnings guidance to $3.64 to $3.68 per share from $3.60 to $3.70.
Key points
- Net income of $520 million ($1.04 per share) for the quarter, versus $139 million ($0.27 per share) in Q3 2023
- Non-GAAP operating earnings of $448 million ($0.90 per share), versus $425 million ($0.85 per share)
- Full-year 2024 non-GAAP operating earnings guidance narrowed to $3.64 to $3.68 per share from $3.60 to $3.70
- New Jersey Board of Public Utilities approved an additional $505 million in annual PSE&G revenues, effective October 15
The filing
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 November 04, 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.