NYSE$PEG
Public Service Enterprise Group Inc · Q2 2024 earnings
Q2 2024 earnings · · Before market open · Investor relations
Briefing
Public Service Enterprise Group Inc reported Q2 2024 earnings with operating revenues of $2.423 billion and net income of $434 million.
PSEG reported consolidated operating revenues of $2.423 billion for the three months ended June 30, 2024, essentially flat year-over-year. Net income was $434 million, down from $591 million in the prior-year quarter, primarily due to changes in mark-to-market and nuclear decommissioning trust fund results. PSE&G delivered strong regulated performance with revenue growth from higher volumes and transmission investments.
- Consolidated operating revenues reached $2.423 billion for Q2 2024.
- Net income totaled $434 million ($0.87 per share) versus $591 million ($1.18 per share) in Q2 2023.
- PSE&G operating revenues grew 12% to $1.863 billion driven by higher delivery and commodity revenues.
- PSEG Power & Other revenues declined due to mark-to-market losses and lower ZEC revenues.
Headline financials
Revenue & EPS history
PSEG · Revenue · Quarterly
$2.42B
Revenue by segment
PSEG · $2.55B total across 2 segments · Q2 2024
- PSE&G$1.86B—73.1%
- PSEG Power & Other$685M—26.9%
Forward guidance
PSEG expects 2024-2028 regulated capital investments of $18-21 billion, supporting 6-7.5% compound annual rate base growth.
Tailwinds
- Continued focus on T&D modernization and clean energy programs
- Nuclear fleet supported by federal PTC through 2032
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-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 |
|---|---|---|---|---|
| Q2 2024 | — | — | — | |
| 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% | — | — |
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