Public Service Enterprise (PEG) Tops Q4 EPS by 1c; Offers FY19 EPS Mid-Point Guidance Above Consensus

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Go back to Public Service Enterprise (PEG) Tops Q4 EPS by 1c; Offers FY19 EPS Mid-Point Guidance Above Consensus

PSEG Announces 2018 Results

February 27, 2019 7:30 AM EST

NEWARK, N.J., Feb. 27, 2019 /PRNewswire/ -- Public Service Enterprise Group (PSEG) reported 2018 Net Income of $1,438 million, or $2.83 per share, as compared to Net Income of $1,574 million, or $3.10 per share, for 2017.  Non-GAAP Operating Earnings for the year 2018 were $1,582 million, or $3.12 per share, compared to $1,488 million, or $2.93 per share for 2017.  The Net Income comparison for the full year reflects the absence of one-time items including the favorable impact of the Tax Cut and Jobs Act (Tax Act) in 2017, charges in 2017 related to the early retirement of the Hudson and Mercer generating units and higher charges in 2017 related to the... More