PSEG Announces 2020 Second Quarter Results

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Go back to PSEG Announces 2020 Second Quarter Results

Public Service Enterprise (PEG) Tops Q2 EPS by 16c; Provides FY20 EPS Mid-Point Guidance Above Consensus

July 31, 2020 7:50 AM EDT

Public Service Enterprise (NYSE: PEG) reported Q2 EPS of $0.76, $0.16 better than the analyst estimate of $0.60. Revenue for the quarter came in at $2.05 billion versus the consensus estimate of $2.3 billion.

$0.89 PER SHARE OF NET INCOMENON-GAAP OPERATING EARNINGS OF $0.79 PER SHARERe-Affirms Non-GAAP Operating Earnings Guidance at $3.30 - $3.50 Per ShareExploring Strategic Alternatives for PSEG Power's Non-Nuclear Fleet

Ralph Izzo, chairman, president and chief executive officer commented, "We are pleased to report solid operating and financial results at both businesses. Our employees continue to effectively respond to the challenges and requirements of providing essential... More