PEG Q3 Earnings Surpass Estimates, Revenues Increase Y/Y

Public Service Enterprise Group Incorporated PEG, 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 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 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 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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This article originally published on Zacks Investment Research (zacks.com).

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