Company Reports

Public Service Enterprise Group announced earnings per share of $0.86 on an adjusted basis for the second quarter, up from $0.77 in the second quarter of 2025. Results are on track to meet our full-year estimate.

Public Service Enterprise Group announced that it earned $1.55 per share on an adjusted basis during the first quarter, up from $1.43 in the first quarter of 2025. Results are on track to meet our full-year estimate.

Public Service Enterprise Group is one of the few US utilities with a diversified business mix that includes wholesale nuclear generation and a rate-regulated distribution utility. Even though the nuclear plants have been grabbing a lot of attention recently, the core utility in New Jersey remains the bulk of earnings and growth.

Public Service Enterprise Group announced that it earned $4.05 per share on an adjusted basis for full-year 2025, up from $3.68 in 2024 and in line with our earnings outlook.

Public Service Enterprise Group is one of the few US utilities with a diversified business mix that includes wholesale nuclear generation and a rate-regulated distribution utility. Even though the nuclear plants have been grabbing a lot of attention recently, the core utility in New Jersey remains the bulk of earnings and growth.

Public Service Enterprise Group announced that it earned $1.13 per share on an adjusted basis during the third quarter of 2025, up from $0.90 in the third quarter of 2024 and on track to meet our full-year earnings outlook.

Public Service Enterprise Group is one of the few US utilities that has a diversified business mix that includes wholesale nuclear generation and a rate-regulated utility. Even though the nuclear plants have been grabbing a lot of attention recently, the core utility in New Jersey remains the bulk of earnings and growth.

Public Service Enterprise Group announced that it earned $0.77 per share on an adjusted basis during the second quarter of 2025, up from $0.63 in the second quarter of 2024 and on track to meet our full-year earnings outlook.

Public Service Enterprise Group announced it earned $1.43 per share on an adjusted basis during the first quarter of 2025, up from $1.31 in the first quarter of 2024 and on track to meet our full-year earnings outlook.

Utilities have limited direct exposure to tariffs announced by the Donald Trump administration, but falling energy demand or regulatory pushback to utilities' investment plans could slow earnings growth if economic conditions deteriorate.

Public Service Enterprise Group is one of the few US utilities that has a diversified business mix that includes wholesale nuclear generation and a rate-regulated utility. Even though the nuclear plants have been grabbing a lot of attention recently, the core utility in New Jersey remains the bulk of earnings and growth.

PSEG announced it earned $3.68 per share in 2024, in line with our outlook and management's $3.64-$3.68 EPS guidance. Earnings were up 6% year over year, in line with our long-term growth outlook.

PSEG is on track to meet our full-year 2024 earnings outlook and management's $3.64-$3.68 EPS guidance range after reporting $0.90 per share of earnings during the third quarter, up from $0.85 during the third quarter of 2023.

We reaffirm our fair value estimates and economic moat ratings for US utilities as we assess how they might be affected by renewed interest in nuclear power, particularly small modular reactors. This comes after Google and Amazon announced SMR partnerships this week.

Public Service Enterprise Group announced they reached an electric and gas base rate settlement, confirming our view that shareholders should benefit in the long run from New Jersey's constructive ratemaking regulation.

For the first time in more than two decades, almost all of Public Service Enterprise Group's earnings are from its regulated transmission and distribution businesses in New Jersey, giving it a risk profile similar to most US utilities.

We reaffirm our fair value estimates and economic moat ratings for US utilities as we assess potential partnerships between data centers and nuclear plants.

For the first time in more than two decades, almost all of Public Service Enterprise Group's earnings are from its regulated transmission and distribution businesses in New Jersey, giving it a risk profile similar to most US utilities.

We are reaffirming our $67 per share fair value estimate for Public Service Enterprise Group after the company reported earning $0.63 per share on an adjusted basis during the second quarter, down slightly from the second quarter last year, but on track to meet our full-year outlook. We are maintaining our narrow moat rating.

For the first time in more than two decades, almost all of Public Service Enterprise Group's earnings are from its regulated transmission and distribution businesses in New Jersey, giving it a risk profile similar to most US utilities.