Public Service Enterprise Group Incorporated

PEG Utilities Utilities Regulated Electric

Public Service Enterprise Group Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $12.2 billion, up 18.3% from fiscal 2024.

Revenue
−6.39%
EPS
−39.1%
Free cash flow
−139.4%
Total debt
+9.69%

Quarter to September 2026, against a year earlier

72.64 0.46 −0.63%
Market cap
$36.4B
P/E
20.5×
Fwd P/E
17.6×
Dividend yield
3.63%
F-score
6/9
Altman Z
1.28
Beneish M
−2.43
Dividend safety
40/100

Public Service Enterprise Group Incorporated 10-Q filed Aug 5, 2025

Fiscal Q2 2025 · Period ended Jun 30, 2025 · Filed · accepted 4:30 PM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Apr 30, 2025: 34 added · 5 removed · 49 modified; 20 with only figures updated; 1 moved without change

  1. Modified · EXECUTIVE OVERVIEW OF 2025 AND FUTURE OUTLOOK

    We are a public utility holding company that, acting through our wholly owned subsidiaries, is a predominantly regulated electric and gas utility and a nuclear generation business. Our business plan focuses on achieving growth by allocating capital primarily toward regulated investments in an effort to continue to improve the sustainability and predictability of our business and realizing the value of the consistent and reliable carbon free generation from our nuclear units. We are focused on investing to meet growing energy demand, modernize our energy infrastructure, improve reliability and resilience, increase EE and deliver clean energy to meet customer expectations and be well aligned with public policy objectives. With these investments and higher working capital recovery approved in the distribution rate case, our regulated rate base increased from approximately $30 billion as of December 31, 2023 to approximately $34 billion as of December 31, 2024. In addition, the passage of our nuclear facilities retain the Inflation Reduction Actdownside price protection of 2022 (IRA) established a production tax credit (PTC) for existing nuclear facilities from 2024 through 2032. The PTC is designed to provide downside price protection for our nuclear generation fleet as the tax credit value is directly linked to a nuclear facility’s gross receipts.