Public Service Enterprise (PEG) Misses Q1 EPS by 2c, Offers FY Guidance

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Go back to Public Service Enterprise (PEG) Misses Q1 EPS by 2c, Offers FY Guidance

PSEG Announces 2018 First Quarter Results

April 30, 2018 7:30 AM EDT

NEWARK, N.J., April 30, 2018 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported today Net Income for the first quarter of 2018 of $558 million, or $1.10 per share as compared to Net Income of $114 million, or $0.22 per share, in the first quarter of 2017.  Non-GAAP Operating Earnings for the first quarter of 2018 were $492 million, or $0.97 per share, compared to non-GAAP Operating Earnings for the first quarter of 2017 of $466 million, or $0.92 per share. Prior year results included costs related to the early retirement of the Hudson and Mercer generating stations and a reserve for the impairment of leveraged leases.... More