PEG Stock Recent News

First Base Rate Increase in Six Years, an Annual Increase of About One Percent NEWARK, N.J. , Oct. 9, 2024 /PRNewswire/ -- Today, the New Jersey Board of Public Utilities (BPU) approved a settlement agreement that PSE&G had reached with BPU staff, the New Jersey Division of Rate Counsel and other parties to PSE&G's electric and gas distribution base rate case filed in December 2023.

PEG is expected to benefit from renewable expansion and its systematic investment plan despite the effects of elevated costs to remediate all MGP sites.

Less volatile commodity prices and solid cost management enabling decrease for customers NEWARK, N.J. , Sept. 26, 2024 /PRNewswire/ -- PSE&G announced today it is lowering gas bills for its residential customers by about 5%, effective Oct. 1, 2024, managing to keep costs down while improving the reliability of our gas system.

PSEG (PEG) reported earnings 30 days ago. What's next for the stock?

PEG is expected to benefit from renewable expansion and its systematic investment plan despite the effects of elevated costs to remediate all MGP sites.

Ralph Larossa, PSEG CEO, joins 'Closing Bell Overtime' to talk energy demand, nuclear power investments, and more.

PSEG's (PEG) second-quarter earnings lag estimates, while revenues surge year over year. The company's 2024 EPS outlook remains unchanged.

Although the revenue and EPS for PSEG (PEG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

PSEG (PEG) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.70 per share a year ago.

$0.87 PER SHARE NET INCOME $0.63 PER SHARE NON-GAAP OPERATING EARNINGS Reaffirms Full-Year 2024 Non-GAAP Operating Earnings Guidance NEWARK, N.J., July 30, 2024 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported the following results for the second quarter of 2024: PSEG Consolidated (unaudited)Second Quarter Comparative Results Income Diluted Earnings Per Share ($ millions, except per share amounts) 2Q 2024 2Q 2023 2Q 2024 2Q 2023 Net Income $434 $591 $0.87 $1.18   Reconciling Items (121) (240) (0.24) (0.48) Non-GAAP Operating Earnings $313 $351 $0.63 $0.70   Average Shares 500 500 See Attachments 8 and 9 for a complete list of items excluded from Net Income in the determination of non-GAAP Operating Earnings.