Friday 6 November 2026 Export PEG’s income statement to Excel — free account

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

73.03 0.19 −0.26%

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Market cap: $36.4B
P/E: 20.7×
Fwd P/E: 17.6×
Dividend yield: 3.61%
F-score: 6/9
Altman Z: 1.28
Beneish M: −2.43
Dividend safety: 40/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Public Service Enterprise Group Incorporated (PEG) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Public Service Electric and Gas Company	9,558	78.55%
PSEG Power & Other	3,722	30.59%
Gross margin		65.82%
Operating margin		24.49%
Pre-tax margin		19.51%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Public Service Electric and Gas Company	9,558 78.55%	8,449 82.11%	7,807 69.48%	7,935 80.97%	7,122 73.26%	6,608 68.81%	6,471 66.74%	6,324 69.54%	6,303 70.30%	6,636 63.72%	6,766 62.15%	6,655 66.76%	6,626 67.74%	7,326 66.13%
PSEG Power & Other	3,722 30.59%	2,807 27.28%	4,533 40.34%	3,266 33.33%	3,767 38.75%	4,229 44.04%	—	—	—	—	—	—	—	—
PSEG Power LLC	—	—	—	—	—	—	4,146 42.76%	3,860 42.45%	3,861 43.06%	4,928 47.32%	5,434 49.92%	5,063 50.79%	4,873 49.82%	6,150 55.51%
Corporate and Other	—	—	—	—	—	—	571 5.89%	466 5.12%	370 4.13%	462 4.44%	455 4.18%	52 0.52%	103 1.05%	(149) (1.34%)
Intersegment Eliminations	—	—	—	—	—	—	—	(1,556) (17.11%)	(1,568) (17.49%)	—	—	—	(1,821) (18.62%)	(2,248) (20.29%)
Eliminations	(1,112) (9.14%)	(966) (9.39%)	(1,103) (9.82%)	(1,401) (14.30%)	(1,167) (12.00%)	(1,234) (12.85%)	(1,492) (15.39%)	—	—	(1,611) (15.47%)	(1,769) (16.25%)	(1,802) (18.08%)	—	—
Consolidated	—	—	—	—	—	—	—	—	—	—	—	—	9,781	11,079
Revenue	12,168	10,290	11,237	9,800	9,722	9,603	9,696	9,094	8,966	10,415	10,886	9,968	9,781	11,079

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Public Service Electric and Gas Company	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
PSEG Power & Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
PSEG Power LLC	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Intersegment Eliminations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Commercial & Industrial	Q3 FY2026	105.0M	106.0M	−0.94%
Commercial & Industrial	Q3 FY2026	233.0M	209.0M	+11.48%
Commercial & Industrial	Q3 FY2026	7.2B	7.2B	+0.31%
Degree Days - Actual	Q3 FY2026	27.00	—	—
Degree Days - Normal	Q3 FY2026	20.00	21.00	−4.76%
Nuclear generation	Q3 FY2026	8.2K	7.9K	+3.40%
Nuclear - NJ	Q3 FY2026	5.4K	5.2K	+4.20%
Nuclear - PA	Q3 FY2026	2.8K	2.7K	+1.88%
Other	Q3 FY2026	72.0M	84.0M	−14.29%
Residential	Q3 FY2026	4.6B	4.5B	+1.85%
Residential Sales	Q3 FY2026	89.0M	89.0M	0.00%
THI Hours - Actual	Q3 FY2026	12.7K	12.5K	+1.90%
THI Hours - Normal	Q3 FY2026	13.1K	12.9K	+1.17%
Total	Q3 FY2026	11.9B	11.8B	+0.80%
Total Firm Sales	Q3 FY2026	194.0M	195.0M	−0.51%
Total Non-Firm Sales	Q3 FY2026	233.0M	209.0M	+11.48%
Total Sales	Q3 FY2026	427.0M	404.0M	+5.69%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q4 FY2023	Q3 FY2023
Commercial & Industrial	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Commercial & Industrial	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Commercial & Industrial	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Degree Days - Actual	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Degree Days - Normal	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Nuclear generation	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Nuclear - NJ	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Nuclear - PA	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Residential	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Residential Sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
THI Hours - Actual	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
THI Hours - Normal	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total Firm Sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total Non-Firm Sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total Sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.