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PSEG Reports Strong 2024 Earnings and Reliability Awards

Story Highlights
  • PSEG reported strong financial results for 2024, with net income of $3.54 per share.
  • PSEG received awards for service reliability and customer satisfaction, maintaining a high nuclear capacity factor.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PSEG Reports Strong 2024 Earnings and Reliability Awards

The latest announcement is out from Public Service Enterprise ( (PEG) ).

On February 25, 2025, PSEG conducted an earnings call to discuss its financial results for the fourth quarter and full year of 2024. The company reported a net income of $0.57 per share for Q4 and $3.54 per share for the full year. Non-GAAP operating earnings were $0.84 per share for Q4 and $3.68 per share for the full year, marking the 20th consecutive year PSEG met or exceeded its non-GAAP operating earnings guidance. PSEG received the 2024 PA Consulting ReliabilityOne® Award for outstanding service reliability in the Mid-Atlantic region for the 23rd consecutive year and was recognized by J.D. Power for customer satisfaction in residential electric and gas service. The company’s nuclear capacity factor was approximately 90% for 2024, and it successfully executed around $3.6 billion in investments.

More about Public Service Enterprise

Public Service Enterprise Group (PSEG) operates in the energy industry, providing electricity and gas services. It focuses on energy generation, distribution, and transmission, with a significant emphasis on nuclear power generation.

YTD Price Performance: -0.87%

Average Trading Volume: 2,250,327

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $42.03B

See more insights into PEG stock on TipRanks’ Stock Analysis page.

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