Public Service Enterprise Group Inc.
PEG
Market Cap$40.97B
Close$
Earnings Call Q1 2025
April 30, 2025 - AI Summary
Strong Q1 Performance: PSEG reported net income of $1.18 per share for Q1 2025, up from $1.06 in 2024, and non-GAAP operating earnings of $1.43 per share, increasing from $1.31 per share YOY. PSE&G’s net income was $546 million in Q1 2025 versus $488 million in Q1 2024, positively impacted by regulatory recovery and increased gas revenues due to cold weather.
Forecast for 2025: The company reiterated its full-year non-GAAP operating earnings guidance of $3.94 to $4.06 per share, representing approximately 9% growth over 2024. Additionally, PSEG expects a 5% to 7% CAGR (Compound Annual Growth Rate) for non-GAAP operating earnings through 2029, underpinned by a regulated capital spending program of $21 billion to $24 billion.
Regulatory Challenges and Customer Bill Increases: Starting June 1, residential electric bills are expected to rise by 17% due to higher energy supply costs attributed to earlier capacity auction results. The New Jersey Board of Public Utilities is working with electric companies to mitigate the impacts, which poses a risk of customer dissatisfaction and potential pushback.
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$-47.52
157.4% downside
Current Fair Value
157.4% downsideOvervalued by 157.4% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $40.97 Billion |
|---|---|
| Enterprise Value | $63.47 Billion |
| Dividend Yield | $2.46 (2.99634591961023%) |
| Earnings per Share | $3.56 |
| Beta | 0.5 |
| Outstanding Shares | 498,000,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 22.35 |
|---|---|
| PEG | 208.64 |
| Price to Sales | 3.94 |
| Price to Book Ratio | 0.75 |
| Enterprise Value to Revenue | 6.03 |
| Enterprise Value to EBIT | 34.14 |
| Enterprise Value to Net Income | 34 |
| Total Debt to Enterprise | 0.37 |
| Debt to Equity | 1.43 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Public Service Enterprise Group Inc.
12,945 employees
CEO: Ralph Izzo Public Service Enterprise Group Inc. (PSEG) is a publicly traded diversified energy company with approximately 13,000 employees. Headquartered in Newark, N.J., PSEG's principal operating subsidiaries are: Public Service Electric and Gas...