Public Service Enterprise (PEG) Tops Q1 EPS by 8c; Provides FY19 EPS Outlook

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PSEG Announces 2019 First Quarter Results

May 2, 2019 7:30 AM EDT

NEWARK, N.J., May 2, 2019 /PRNewswire/ -- Public Service Enterprise Group (NYSE: PEG) reported today Net Income for the first quarter of 2019 of $700 million, or $1.38 per share as compared to Net Income of $558 million, or $1.10 per share, in the first quarter of 2018.  Non-GAAP Operating Earnings for the first quarter of 2019 were $547 million, or $1.08 per share, compared to non-GAAP Operating Earnings for the first quarter of 2018 of $492 million, or $0.97 per share. Non-GAAP results for the first quarter exclude items such as the recognition of net unrealized gains on Nuclear Decommissioning Trust (NDT) equity securities, and Mark to... More