PSEG reports Q1 adjusted EPS $1.43, consensus $1.43

Reports Q1 revenue $3.22B, consensus $3.14B. “PSEG (PEG) delivered a solid operating and financial performance to begin the year. Our service territory experienced multiple cold spells in January and February with temperatures remaining below 20 degrees F for several days in a row, prompting the highest winter peak load for both gas and electric in the last six years. During these challenging conditions, our electric and gas operations maintained high levels of reliability and efficient customer response times,” said Ralph LaRossa, PSEG’s chair, president and CEO.