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Public Service Enterprise Group Incorporated's published Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $33.9B | |
|---|---|---|
| Revenue (ttm) | 12.5B | |
| Net income (ttm) | 2B | |
| EPS (ttm) | $4.02 | |
| Shares out | 498.4M | |
| P/E (trailing) | 18.0x | |
| P/E (forward) | 15.0x | |
| Dividend | $2.68 (3.70%) | |
| Volume | 1,471,434 | |
| Beta | 0.52 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $9.72B | $9.80B | $11.24B | $10.29B | $12.17B | +5.8% |
| Gross profit | $3.00B | $2.60B | $4.83B | $3.54B | $8.40B | +29.4% |
| Operating income | $-856.0M | $1.38B | $3.69B | $2.35B | $2.98B | — |
| Net income | $-648.0M | $1.03B | $2.56B | $1.77B | $2.11B | — |
| EPS (diluted) | $-1.29 | $2.06 | $5.13 | $3.54 | $4.22 | — |
| EBITDA | $814.0M | $2.85B | $5.09B | $4.04B | $4.64B | +54.5% |
| R&D | — | — | — | — | — | — |
| SG&A | $328.0M | $376.0M | $218.0M | $40.0M | $43.0M | -39.8% |
Recent company headlines from major financial publishers.
Modal path reflecting steady execution of the $22.5B to $25.5B regulated capital program at PSE&G, driving 6.0% to 7.5% rate-base growth and compounding EPS at 6.0% to 8.0% per year. Revenue expands from $12,168M in FY2025 to consensus $12,846M in FY2026 and $13,161M in FY2027. Operating margins hold stable at 24.5% to 24.8%, supported by carbon-free nuclear baseload output at a 92% capacity factor and federal PTC protection, while annual PSE&G capex reaches approximately $4.2B in 2026 funded without equity dilution.
Accelerated regional data center demand and electrification across PJM sustain capacity auction clearing prices at or near the $325/MW-day collar cap, while PSEG Nuclear signs long-term bilateral clean power contracts at premium margins. Simultaneously, PSE&G executes the upper end of its capital plan ($28B total), compounding rate base at 7.5% annually with favorable BPU rate case outcomes and top-of-tier authorized ROEs. EPS growth accelerates toward the high end of the 6% to 8% target, driving valuation rerating toward premium utility peers trading at 17.5x forward earnings.
| Ke ↓ / g → | 2.0% | 2.3% | 2.5% | 2.8% | 3.0% |
|---|---|---|---|---|---|
| 6.0% | $101 | $105 | $110 | $116 | $122 |
| 6.5% | $92.3 | $95.6 | $99.2 | $103 | $108 |
| 7.0% | $85.1 | $87.6 | $90.5 | $93.7 | $97.3 |
| 7.5% | $79.1 | $81.2 | $83.4 | $86.0 | $88.8 |
| 8.0% | $74.0 | $75.7 | $77.6 | $79.6 | $81.9 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
