NYSE$PEG
Public Service Enterprise Group Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
PSEG reported a net loss, but non-GAAP operating earnings were up slightly year-over-year, driven by solid utility and nuclear operations and rate base growth.
PSEG reported a net loss of $2 million, or less than $0.01 per share, for the first quarter of 2022. However, non-GAAP operating earnings were $672 million, or $1.33 per share, compared to $650 million, or $1.28 per share in the first quarter of 2021. The net loss reflects $674 million of reconciling items, predominantly mark to market adjustments.
- Net Loss of <$0.01 per share driven by mark to market adjustments
- Non-GAAP Operating Earnings of $1.33 per share
- CEO Leadership Succession to Begin September 1
- Re-Affirms 2022 Non-GAAP Operating Earnings Guidance of $3.35—$3.55 per Share
Headline financials
Revenue & EPS history
PSEG · Revenue · Quarterly
$2.31B
Forward guidance
PSEG re-affirming its 2022 non-GAAP Operating Earnings guidance of $3.35—$3.55 per share.
Tailwinds
- Regulated investment programs are producing predictable utility growth
- The Conservation Incentive Program (CIP) is effectively minimizing variations on electric and gas revenues from the rollout of our energy efficiency programs and other impacts such as weather
- On track to execute PSE&G’s $2.9 billion, 2022 capital spending plan
- Part of PSEG’s five-year, $15 billion to $17 billion capital plan through 2025
- Over 90% directed toward PSE&G
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-0.3%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-0.2%
Avg return
30 days after
44%
32 / 72 earnings
Positive
+5.8%
Q4 2014
Best reaction
-7.9%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | -4.1% | -4.0% | |
| Q4 2025 | -0.2% | -2.3% | -6.1% | |
| Q3 2025 | +0.7% | +3.4% | -0.0% | |
| Q2 2025 | -2.2% | -2.7% | -9.3% | |
| Q1 2025 | -2.1% | -4.0% | -0.7% | |
| Q4 2024 | -1.3% | -3.8% | -4.3% | |
| Q3 2024 | -4.0% | -1.7% | +5.1% | |
| Q1 2024 | +1.7% | +2.6% | +7.7% | |
| Q4 2023 | +1.4% | +2.5% | +9.7% | |
| Q3 2023 | +3.7% | +5.7% | +3.8% | |
| Q2 2023 | +0.0% | -4.0% | -3.2% | |
| Q1 2023 | +0.1% | +1.1% | -5.1% | |
| Q4 2022 | -2.3% | -1.7% | -8.8% | |
| Q3 2022 | -1.9% | +0.8% | +5.4% | |
| Q2 2022 | -0.5% | -1.4% | -1.3% | |
| Q1 2022 | +0.6% | +0.8% | -0.5% | |
| Q4 2021 | +2.0% | +1.4% | +7.5% | |
| Q3 2021 | -1.5% | -0.3% | -1.8% | |
| Q2 2021 | +0.7% | +1.6% | +2.9% | |
| Q1 2021 | -1.0% | +0.1% | -3.0% | |
| Q4 2020 | -1.4% | -3.0% | +6.1% | |
| Q3 2020 | -2.1% | -2.2% | -0.6% | |
| Q2 2020 | +4.0% | +4.2% | -0.4% | |
| Q1 2020 | +0.9% | -1.3% | +6.8% | |
| Q4 2019 | -7.9% | -6.4% | -22.5% | |
| Q3 2019 | -0.4% | -2.1% | -6.2% | |
| Q2 2019 | -3.6% | -4.1% | +1.3% | |
| Q1 2019 | +0.8% | +0.1% | -0.0% | |
| Q4 2018 | +2.6% | +3.9% | +3.6% | |
| Q3 2018 | -3.3% | -4.1% | -1.3% | |
| Q2 2018 | -0.7% | -0.3% | +1.5% | |
| Q1 2018 | +0.6% | +1.1% | +2.3% | |
| Q4 2017 | +2.3% | -1.5% | -2.6% | |
| Q3 2017 | -0.1% | +1.5% | +7.1% | |
| Q2 2017 | +1.4% | +2.2% | +6.7% | |
| Q1 2017 | -1.6% | -1.7% | +0.0% | |
| Q4 2016 | +3.1% | +2.4% | +2.0% | |
| Q3 2016 | +0.8% | -0.3% | +0.7% | |
| Q2 2016 | +0.7% | -0.6% | -5.8% | |
| Q1 2016 | -0.2% | — | — | |
| Q4 2015 | +2.3% | — | — | |
| Q3 2015 | -2.0% | — | — | |
| Q2 2015 | +0.9% | — | — | |
| Q1 2015 | +2.8% | — | — | |
| Q4 2014 | +5.8% | — | — | |
| Q3 2014 | +4.7% | — | — | |
| Q2 2014 | -5.1% | — | — | |
| Q1 2014 | -5.1% | — | — | |
| Q4 2013 | +4.6% | — | — | |
| Q3 2013 | -1.0% | — | — | |
| Q2 2013 | -1.3% | — | — | |
| Q1 2013 | +0.4% | — | — | |
| Q4 2012 | +2.8% | — | — | |
| Q3 2012 | -3.0% | — | — | |
| Q2 2012 | -4.1% | — | — | |
| Q1 2012 | +2.1% | — | — | |
| Q4 2011 | +0.7% | — | — | |
| Q3 2011 | -0.3% | — | — | |
| Q2 2011 | -6.1% | — | — | |
| Q1 2011 | -0.6% | — | — | |
| Q4 2010 | +1.5% | — | — | |
| Q3 2010 | -0.8% | — | — | |
| Q2 2010 | +1.3% | — | — | |
| Q1 2009 | -3.7% | — | — | |
| Q1 2010 | +2.3% | — | — | |
| Q4 2009 | -1.5% | — | — | |
| Q3 2008 | -2.9% | — | — | |
| Q3 2009 | -2.9% | — | — | |
| Q2 2009 | +0.0% | — | — | |
| Q4 2007 | +0.0% | — | — | |
| Q2 2008 | +0.0% | — | — | |
| Q4 2008 | +0.0% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro