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

PSEG 2024 GAAP net income falls to $1.77 billion; 2025 EPS guidance $3.94-$4.06

Mixed Impact 4 of 5 earnings Written later

Public Service Enterprise Group reported full-year 2024 net income of $1.77 billion ($3.54 per share), down from $2.56 billion ($5.13 per share) in 2023, while non-GAAP operating earnings rose to $3.68 per share from $3.48. Operating revenues fell to $10.29 billion from $11.24 billion, and the company initiated 2025 non-GAAP operating earnings guidance of $3.94 to $4.06 per share, with a raised five-year capital spending plan that matters to shareholders for future earnings growth and dividends.

Key points

  • FY 2024 net income $1.77 billion ($3.54 per share) vs. $2.56 billion ($5.13) in FY 2023; non-GAAP operating EPS $3.68 vs. $3.48
  • FY 2024 operating revenues $10.29 billion vs. $11.24 billion in FY 2023
  • 2025 non-GAAP operating earnings guidance of $3.94 to $4.06 per share; midpoint up about 9% over 2024
  • 2025-2029 capital spending plan raised to $22.5 billion to $26 billion, up $3.5 billion from prior plan; indicative 2025 dividend $2.52 per share, up $0.12

The filing

CompanyPublic Service Enterprise (PEG)
Form8-K, current report
Filed with the SECFeb 25, 2025, 9:00 AM ET
Accession number0001193125-25-034436

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 February 25, 2025.

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.