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PSEG's Q3 adjusted EPS of $1.13 beat estimates and rose 25.6% year over year.
Operating revenues reached $3.23 billion, up 22.1% from the prior-year quarter.
PSEG narrowed 2025 EPS guidance to $4.00-$4.06, reflecting improved performance.
Public Service Enterprise Group Incorporated (PEG - Free Report) , or PSEG, reported third-quarter 2025 adjusted earnings of $1.13 per share, which beat the Zacks Consensus Estimate of $1.01 by 11.9%. Earnings improved 25.6% from the prior-year reported figure of 90 cents per share.
The company reported GAAP earnings per share (EPS) of $1.24 compared with $1.04 in the corresponding period of 2024.
PEG’s Total Revenues
Operating revenues totaled $3.23 billion, which beat the Zacks Consensus Estimate of $2.73 billion by 18.2%. The top line also increased 22.1% from the year-ago figure of $2.64 billion.
Public Service Enterprise Group Incorporated Price, Consensus and EPS Surprise
Electric sales volume totaled 11,804 million kilowatt-hours, which declined 1% year over year. On the other hand, gas sales volume decreased 7% to 404 million therms.
Under electric sales, residential sales volume totaled 4,539 million kilowatt-hours, down 2% from the prior-year figure. Its commercial and industrial sales volume totaled 7,181 million kilowatt-hours, reflecting a year-over-year decline of 1%.
Other sales amounted to 84 million kilowatt-hours, up 18% from the year-ago recorded number.
Total gas sales witnessed year-over-year growth of 4% in firm sales volume. Non-firm gas sales volume declined 16%.
Highlights of PEG’s Earnings Release
The operating income totaled $855 million compared with $641 million in the year-ago period, reflecting a year-over-year increase of 33.4%.
Total operating expenses were $2.37 billion, up 18.5% from the year-ago figure.
Interest expenses amounted to $253 million, which increased 11.5% year over year.
Segmental Performance of PEG
PSE&G: This segment’s net income was $515 million, up from $379 million in the third quarter of 2024.
PSEG Power & Other: Adjusted operating income for this unit amounted to $107 million compared with $141 million in the prior-year quarter.
Financial Update of PEG
The long-term debt (including the current portion of the long-term debt) as of Sept. 30, 2025, was $22.54 billion compared with $21.11 billion as of Dec. 31, 2024.
The net cash flow from operating activities was $2.58 billion during the first nine months of 2025 compared with $1.77 billion during the first nine months of 2024.
PEG’s 2025 Guidance
PEG now expects adjusted earnings to be in the range of $4.00-$4.06 per share, narrower than its previous guidance of $3.94-$4.06 per share. The Zacks Consensus Estimate for earnings is currently pegged at $4.03 per share, which lies just below the midpoint of the company’s guided range.
FirstEnergy Corp. (FE - Free Report) reported third-quarter 2025 operating earnings of 83 cents per share, which beat the Zacks Consensus Estimate of 76 cents by 9.2%.
FE’s long-term (three to five years) earnings growth is pegged at 6.46%. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $2.53, indicating a year-over-year decline of 3.8%.
NextEra Energy (NEE - Free Report) posted third-quarter 2025 adjusted earnings of $1.13 per share, which surpassed the Zacks Consensus Estimate of $1.04 by 8.65%.
NEE’s long-term earnings growth is currently pegged at 8.04%. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $3.68, indicating year-over-year growth of 7.29%.
NiSource Inc. (NI - Free Report) reported third-quarter 2025 operating earnings per share of 19 cents, which missed the Zacks Consensus Estimate of 20 cents by 5%.
NI’s long-term earnings growth is currently pegged at 7.72%. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $1.88, indicating year-over-year growth of 7.43%.
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PEG Q3 Earnings Surpass Estimates, Revenues Increase Y/Y
Key Takeaways
Public Service Enterprise Group Incorporated (PEG - Free Report) , or PSEG, reported third-quarter 2025 adjusted earnings of $1.13 per share, which beat the Zacks Consensus Estimate of $1.01 by 11.9%. Earnings improved 25.6% from the prior-year reported figure of 90 cents per share.
The company reported GAAP earnings per share (EPS) of $1.24 compared with $1.04 in the corresponding period of 2024.
PEG’s Total Revenues
Operating revenues totaled $3.23 billion, which beat the Zacks Consensus Estimate of $2.73 billion by 18.2%. The top line also increased 22.1% from the year-ago figure of $2.64 billion.
Public Service Enterprise Group Incorporated Price, Consensus and EPS Surprise
Public Service Enterprise Group Incorporated price-consensus-eps-surprise-chart | Public Service Enterprise Group Incorporated Quote
Sales Volume of PEG
Electric sales volume totaled 11,804 million kilowatt-hours, which declined 1% year over year. On the other hand, gas sales volume decreased 7% to 404 million therms.
Under electric sales, residential sales volume totaled 4,539 million kilowatt-hours, down 2% from the prior-year figure. Its commercial and industrial sales volume totaled 7,181 million kilowatt-hours, reflecting a year-over-year decline of 1%.
Other sales amounted to 84 million kilowatt-hours, up 18% from the year-ago recorded number.
Total gas sales witnessed year-over-year growth of 4% in firm sales volume. Non-firm gas sales volume declined 16%.
Highlights of PEG’s Earnings Release
The operating income totaled $855 million compared with $641 million in the year-ago period, reflecting a year-over-year increase of 33.4%.
Total operating expenses were $2.37 billion, up 18.5% from the year-ago figure.
Interest expenses amounted to $253 million, which increased 11.5% year over year.
Segmental Performance of PEG
PSE&G: This segment’s net income was $515 million, up from $379 million in the third quarter of 2024.
PSEG Power & Other: Adjusted operating income for this unit amounted to $107 million compared with $141 million in the prior-year quarter.
Financial Update of PEG
The long-term debt (including the current portion of the long-term debt) as of Sept. 30, 2025, was $22.54 billion compared with $21.11 billion as of Dec. 31, 2024.
The net cash flow from operating activities was $2.58 billion during the first nine months of 2025 compared with $1.77 billion during the first nine months of 2024.
PEG’s 2025 Guidance
PEG now expects adjusted earnings to be in the range of $4.00-$4.06 per share, narrower than its previous guidance of $3.94-$4.06 per share. The Zacks Consensus Estimate for earnings is currently pegged at $4.03 per share, which lies just below the midpoint of the company’s guided range.
Zacks Rank
PEG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Releases
FirstEnergy Corp. (FE - Free Report) reported third-quarter 2025 operating earnings of 83 cents per share, which beat the Zacks Consensus Estimate of 76 cents by 9.2%.
FE’s long-term (three to five years) earnings growth is pegged at 6.46%. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $2.53, indicating a year-over-year decline of 3.8%.
NextEra Energy (NEE - Free Report) posted third-quarter 2025 adjusted earnings of $1.13 per share, which surpassed the Zacks Consensus Estimate of $1.04 by 8.65%.
NEE’s long-term earnings growth is currently pegged at 8.04%. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $3.68, indicating year-over-year growth of 7.29%.
NiSource Inc. (NI - Free Report) reported third-quarter 2025 operating earnings per share of 19 cents, which missed the Zacks Consensus Estimate of 20 cents by 5%.
NI’s long-term earnings growth is currently pegged at 7.72%. The Zacks Consensus Estimate for 2025 earnings per share is pegged at $1.88, indicating year-over-year growth of 7.43%.