PEG

MKT CAP:$40B

Public Service Enterprise Group Incorporated

Market Cap

$40B

Utilities·Regulated Electric·🇺🇸 United States·NYSE

Utilities·Regulated Electric·🇺🇸·NYSE

Stock Price

$80.58-$0.41 (-0.51%)

Apr 24, 2026

Company Details

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. The PSE&G segment tr...

CEO

Ralph A. LaRossa

IPO Date

Jan 2, 1980

Website

investor.pseg.com

Key Metrics TTM

Revenue

$11.1B

+8.7% YoY

Net Income

$2.0B

EPS (Diluted)

$3.96

Free Cash Flow

-$644M

Revenue / Share

$22.27

Gross Margin

35.4%

Operating Margin

24.3%

Net Margin

17.8%

FCF Margin

-5.8%

P/S

3.6x

P/E

20.4x

Earnings Reports

Q3 2025

Apr 29, 2026

PENDING

FY 2025

Feb 26, 2026

$12.2B+18.3%EPS $4.21

Q2 2025

Aug 5, 2025

$2.8B+15.8%EPS $1.17

Q1 2025

Apr 30, 2025

$3.2B+16.7%EPS $1.18

FY 2024

Feb 25, 2025

$10.3B-8.4%EPS $3.54

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$1.9B	$236M	-$2.2B
Q4 21	$3.1B	$1.2B	$902M
Q1 22	$2.3B	$274M	-$52M
Q2 22	$2.1B	$560M	$296M
Q3 22	$2.3B	$495M	$173M
Q4 22	$3.1B	$1.3B	$964M
Q1 23	$3.8B	$1.9B	$1.6B
Q2 23	$2.4B	$1.1B	$794M
Q3 23	$2.5B	$833M	$551M
Q4 23	$2.6B	$991M	$692M
Q1 24	$2.8B	$980M	$685M
Q2 24	$2.4B	$867M	$582M
Q3 24	$2.6B	$935M	$641M
Q4 24	$2.5B	$759M	$445M
Q1 25	$3.2B	$1.1B	$797M
Q2 25	$2.8B	$1.1B	$817M

Valuation

Quarter	P/S	P/E
Q3 21	3.4x	—
Q4 21	3.4x	—
Q1 22	3.8x	—
Q2 22	3.3x	—
Q3 22	3.0x	41.8x
Q4 22	3.2x	30.6x
Q1 23	2.7x	13.1x
Q2 23	2.7x	11.3x
Q3 23	2.3x	9.7x
Q4 23	2.8x	12.1x
Q1 24	3.2x	18.4x
Q2 24	3.6x	22.2x
Q3 24	4.3x	21.9x
Q4 24	4.1x	23.7x
Q1 25	3.8x	22.5x
Q2 25	3.8x	21.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	$129M	-$614M
Q4 21	$558M	-$130M
Q1 22	$472M	-$214M
Q2 22	-$116M	-$721M
Q3 22	$345M	-$452M
Q4 22	$802M	$2M
Q1 23	$1.8B	$1.1B
Q2 23	$572M	-$133M
Q3 23	$687M	-$229M
Q4 23	$710M	-$255M
Q1 24	$661M	-$136M
Q2 24	$482M	-$355M
Q3 24	$623M	-$145M
Q4 24	$367M	-$611M
Q1 25	$1.0B	$421M
Q2 25	$478M	-$309M

Capital Expenditures

Quarter	CapEx
Q3 21	$743M
Q4 21	$688M
Q1 22	$686M
Q2 22	$605M
Q3 22	$797M
Q4 22	$800M
Q1 23	$739M
Q2 23	$705M
Q3 23	$916M
Q4 23	$965M
Q1 24	$797M
Q2 24	$837M
Q3 24	$768M
Q4 24	$978M
Q1 25	$628M
Q2 25	$787M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	-19.7%	+136.5%
Q4 21	+27.2%	+9.4%
Q1 22	-19.9%	+10.1%
Q2 22	+10.8%	-17.9%
Q3 22	+19.4%	-48.9%
Q4 22	+2.7%	+1.0%
Q1 23	+62.3%	-10.9%
Q2 23	+16.6%	-8.6%
Q3 23	+8.1%	-9.2%
Q4 23	-17.0%	-12.0%
Q1 24	-26.5%	-1.5%
Q2 24	+0.1%	+13.2%
Q3 24	+7.6%	+5.0%
Q4 24	-5.4%	+5.6%
Q1 25	+16.7%	+16.9%
Q2 25	+15.8%	+8.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q4 24	$37M

Revenue Segments

Quarter	Gas Distribution Contracts	Natural Gas	Other Contract Revenues	Public Service Electric and Gas Company	Transmission
Q3 22	$160M	$144M	$251M	$1.3B	$400M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.6B	$0	$1.6B
Q2 22	$2.2B	$0	$2.2B
Q3 22	$377M	$0	$377M
Q4 22	$465M	$0	$465M
Q1 23	$1.2B	$0	$1.2B
Q2 23	$547M	$0	$547M
Q3 23	$57M	$0	$57M
Q4 23	$54M	$0	$54M
Q1 24	$1.2B	$0	$1.2B
Q2 24	$113M	$0	$113M
Q3 24	$203M	$0	$203M
Q4 24	$125M	$0	$125M
Q1 25	$894M	$0	$894M
Q2 25	$186M	$0	$186M
Q3 25	$339M	$0	$339M
Q4 25	$135M	$0	$135M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	504M	0.0%	-0.6%
Q4 21	508M	+0.8%	0.0%
Q1 22	501M	-1.4%	-1.2%
Q2 22	500M	-0.2%	-0.8%
Q3 22	500M	0.0%	-0.8%
Q4 22	500M	0.0%	-1.6%
Q1 23	500M	0.0%	-0.2%
Q2 23	500M	0.0%	0.0%
Q3 23	500M	0.0%	0.0%
Q4 23	500M	0.0%	0.0%
Q1 24	500M	0.0%	0.0%
Q2 24	500M	0.0%	0.0%
Q3 24	500M	0.0%	0.0%
Q4 24	500M	0.0%	0.0%
Q1 25	500M	0.0%	0.0%
Q2 25	500M	0.0%	0.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$148.8K	13K
Q4 21	$240.9K	13K
Q1 22	$182.4K	13K
Q2 22	$163.7K	13K
Q3 22	$179.1K	13K
Q4 22	$250.6K	13K
Q1 23	$299.8K	13K
Q2 23	$193.3K	13K
Q3 23	$196.1K	13K
Q4 23	$207.7K	13K
Q1 24	$220.0K	13K
Q2 24	$193.2K	13K
Q3 24	$210.6K	13K
Q4 24	$188.9K	13K
Q1 25	$247.0K	13K
Q2 25	$215.0K	13K

Revenue / Employee