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Public Service Enterprise Group Inc. (PEG)

Public Service Enterprise Group was incorporated in New Jersey in 1985 and is headquartered in Newark. It is a public utility holding company that, through its wholly owned subsidiaries, is a predominantly regulated electric and gas utility and a nuclear generation business. Its business plan is to allocate capital primarily toward regulated investments and to realise the value of what the filing calls the consistent and reliable carbon-free generation from its nuclear units. The two main subsidiaries are PSE&G, the regulated utility, and PSEG Power. Its agreements with all six unions remain in place until 2027.

Public Service Enterprise Group Inc.

Public Service Enterprise Group was incorporated in New Jersey in 1985 and is headquartered in Newark. It is a public utility holding company that, through its wholly owned subsidiaries, is a predominantly regulated electric and gas utility and a nuclear generation business. Its business plan is to allocate capital primarily toward regulated investments and to realise the value of what the filing calls the consistent and reliable carbon-free generation from its nuclear units. The two main subsidiaries are PSE&G, the regulated utility, and PSEG Power. Its agreements with all six unions remain in place until 2027.

PSE&G

A New Jersey corporation incorporated in 1924 and a franchised public utility in the state, PSE&G provides electric transmission and electric and natural gas distribution to residential, commercial and industrial customers, and is also the provider of last resort for gas and electric commodity service in its territory. It distributes to 2.4 million electric customers and 1.9 million gas customers across approximately 2,600 square miles running diagonally across New Jersey, an area where approximately 6.8 million people, or about 74 percent of the state's population, live, including its six largest cities and approximately 300 suburban and rural communities. It also offers appliance services and repairs across the territory and invests in regulated solar generation, energy efficiency and related programmes.

Transmission, the movement of electricity at high voltage from generating plants to substations and transformers where it is stepped down for distribution, is billed under tariffs approved by the Federal Energy Regulatory Commission. Distribution, the delivery of electricity and gas to the customer's home, business or industrial facility, is billed under tariffs approved by the New Jersey Board of Public Utilities. The commodity itself is managed by separate basic generation service and basic gas supply service suppliers, priced by the state board as a pass-through, which produces no margin for the utility.

Transmission uses formula rates, under which the owner annually determines its requirements through a fixed formula covering operating costs and a return of and on capital investment, with rates going into effect each January based upon the company's own annual projection and trued up later to actual expenses and capital expenditure. Transmission earnings are not affected by sales volumes. The current approved transmission rates include a 50 basis point adder for the company's membership in PJM as a regional transmission organisation. Distribution rates are set in periodic rate cases before the state board, and the order settling the most recent electric and gas distribution base rate case took effect on 15 October 2024.

Under a Conservation Incentive Program implemented after a 2021 regulatory approval, distribution margin is trued up to a rate case-approved baseline per customer for the majority of customers, so over 90 percent of electric and gas distribution margin now varies only with the number of customers. Electric sales were 40,561 GWh in 2025 and gas sales 2,633 million therms, with commercial customers taking 57 percent of electric and 38 percent of gas volumes. The filing says load has modestly decreased in the past because of a decline in larger industrial customers and greater energy efficiency, and that a significant increase is anticipated from electric vehicle adoption, the expansion of data centres and other large users, customer growth and other electrification.

The state board has approved a series of infrastructure, energy efficiency, electric vehicle and renewable energy investment programmes with cost recovery through various clause mechanisms. Those in progress include a $2.9 billion energy efficiency programme approved in 2024 for six years, a $1.6 billion predecessor approved in 2020, a $1.4 billion third phase of the gas system modernisation programme approved in 2025, a $902 million extension of its second phase, a $511 million infrastructure advancement programme and a $166 million electric vehicle programme.

PSEG Power

A Delaware limited liability company formed in 1999 out of the deregulation and restructuring of the New Jersey electric power industry. It earns primarily by selling energy and capacity from its nuclear units and by selling wholesale natural gas under a full-requirements contract with PSE&G, and it also enters bilateral energy, gas and other contracts to optimise the value of its generating assets and gas supply obligations. Where natural gas is available beyond PSE&G's actual daily needs it sells that gas to other customers and shares the proceeds with PSE&G's customers.

Nuclear capacity was 3,758 MW at the end of 2025, all of it in New Jersey and Pennsylvania and all within the PJM regional transmission organisation. The filing describes this generation as base load: units that run the most and are typically called to operate whenever available, with low variable operating costs from efficient operations and relatively lower-cost fuels, measured by capacity factor. Nuclear fuel comes under long-term contracts covering uranium purchase, conversion, enrichment and the fabrication of fuel assemblies.

Federal law established a production tax credit for nuclear electricity generation that began on 1 January 2024 and runs through 2032, at a rate of up to $15 per MWh subject to adjustment for a facility's gross receipts and prevailing wage rules. PSEG recorded no such credits for any of its nuclear units in 2025 because gross receipts exceeded the level at which they would be received. Its Salem 1, Salem 2 and Hope Creek plants were also awarded zero emission certificates by the state board through May 2025, worth approximately $10 per MWh from the New Jersey electric distribution companies.

The other subsidiaries

PSEG Long Island has operated the Long Island Power Authority's electric transmission and distribution system in New York since 2014 under a 12-year operating services agreement that expired on 31 December 2025, and a five-year extension was approved in 2025. A competitor in the bidding process sued the authority over the process; the authority's motion to dismiss was granted by the New York Supreme Court in December 2025 and the competitor appealed in January 2026. Under the agreement PSEG Long Island acts as the authority's agent, is prefunded for pass-through operating expenditures, receives a fixed management fee and is eligible for an incentive fee contingent on meeting performance metrics.

Energy Holdings primarily holds legacy lease investments and competitively bid, federally regulated transmission. A services company provides management, administrative and general services to the group at cost.

From Public Service Enterprise Group's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Public Service Enterprise Group became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 2 November 2026
Revenue
$3.0 billion
-6.4% on the year · +18.2% on the quarter
Q4 FY2024Q3 FY2026
Net income
$376 million
-39.5% on the year · +12.6% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.76
-38.7% on the year · +13.4% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 26 February 2026
Revenue
$12.2 billion
+18.3% on the year
FY2018FY2025
Net income
$2.1 billion
+19.1% on the year
FY2018FY2025
Diluted EPS
$4.22
+19.2% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsPublic Service Enterprise Group (PEG) reported revenue of $12.2 billion for fiscal 2025, the year ended 31 December 2025, up 18.3% on the year before. Net income was $2.1 billion and diluted earnings per share $4.22. Revenue was $10.3 billion in fiscal 2024, $11.2 billion in fiscal 2023, $9.8 billion in fiscal 2022 and $9.7 billion in fiscal 2021. Net income in the same years was $1.8 billion, $2.6 billion, $1.0 billion and a loss of $648 million. Over the twelve months to 30 September 2026, Public Service Enterprise Group reported revenue of $12.3 billion and net income of $1.8 billion. Revenue grew 4.8% a year, compounded, over the five years to fiscal 2025. Public Service Enterprise Group declared $2.64 a share in dividends over the last four quarters and had 499 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of Public Service Enterprise Group was $36.2 billion, 20.5 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE10.2%
ROCE6.2%
Operating margin21.6%
Net margin14.3%
FCF margin-1.4%
Interest cover2.5x
Debt to equity1.48x
Cash conversion1.84x
Share count, last 12 months-0.1%
Sales CAGR, 3 years7.5%
Profit CAGR, 3 years27.0%
EPS, TTM$3.54

At the close of 6 November 2026

Price$72.60
Market cap$36.2 billion
Stock P/E20.5x
Price to book2.1x
EV / EBITDAn/a
Dividend yield3.6%
Market cap / sales2.9x
52-week high$86.95
52-week low$66.56
Price, 1 year-11.9%
Price CAGR, 3 years5.2%
Price CAGR, 5 years2.5%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Public Service Enterprise Group Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
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Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue3,0562,3132,0762,2723,1393,7552,4212,4562,6052,7602,4232,6422,4653,2222,8053,2262,9153,8482,5543,020
Cost of revenue1,0041,2457651,0129961,0826048317439977328997651,1868261,1331,0141,5078661,125
Gross profit2,0521,0681,3111,2602,1432,6731,8171,6251,8621,7631,6911,7431,7002,0361,9792,0931,9012,3411,6881,895
Gross margin67%46%63%55%68%71%75%66%71%64%70%66%69%63%71%65%65%61%66%63%
Operating income902-52.02961739641,6487945516926855826414457978178555111,075461622
Operating margin30%-2%14%8%31%44%33%22%27%25%24%24%18%25%29%27%18%28%18%21%
Interest expense134137150163178180185185198205218227232241248253263272269280
Pre-tax income631-15498.055.01,0031,58574465.0687629437559200617726720311848398379
Tax rate29%n/a-34%-107%21%19%21%-114%21%15%1%7%-43%5%19%14%-1%13%16%1%
Net income445-2.01311147881,287591139546532434520286589585622315741334376
Net margin15%-0%6%5%25%34%24%6%21%19%18%20%12%18%21%19%11%19%13%12%
Diluted EPS$0.88$0.00$0.26$0.22$1.58$2.58$1.18$0.27$1.10$1.06$0.87$1.04$0.57$1.18$1.17$1.24$0.63$1.48$0.67$0.76
Operating cash flow558472-1163458021,8375726877106614826233671,0494781,0507211,271550716
Capital expenditure6736866057978007397059169657978377689786287877281,129693766843
Free cash flow-115-214-721-4522.01,098-133-229-255-136-355-145-611421-309322-408578-216-127
Buybacks0.05000.00.00.00.00.00.00.0n/an/an/an/an/an/an/an/an/an/an/a
Dividends paid258271270269269284285284284299299299299314315314315334334334
Shares outstanding504m499m499m499m497m499m499m498m498m498m498m498m498m499m499m499m498m498m498m499m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008 †FY2009 †FY2010FY2011FY2012FY2013FY2014 †FY2015FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue12,67712,60912,03511,79311,0799,7819,96810,88610,4158,9669,0849,69610,0769,6039,7229,80011,23710,29012,16812,337
Cost of revenuen/an/an/an/an/an/an/an/an/a2,9012,7783,2253,3723,0563,4994,0183,2603,3934,1594,512
Gross profitn/an/an/an/an/an/an/an/an/a6,0656,3066,4716,7046,5476,2235,7827,9776,8978,0097,825
Gross marginn/an/an/an/an/an/an/an/an/a67.6%69.4%66.7%66.5%68.2%64.0%59.0%71.0%67.0%65.8%63.4%
Operating income2,8462,4843,1162,9372,7422,2782,2992,6232,9621,5981,4292,2981,9432,270-8561,3813,6852,3532,9802,669
Operating margin22.5%19.7%25.9%24.9%24.7%23.3%23.1%24.1%28.4%17.8%15.7%23.7%19.3%23.6%-8.8%14.1%32.8%22.9%24.5%21.6%
Interest expense7275665214724754234023893933853914765696005716287488821,0051,084
Pre-tax incomen/an/an/an/an/an/a2,0552,4562,6801,2981,2681,8551,9502,301-1,0891,0023,0811,8252,3741,936
Income tax1,0648881,0421,0599777368129381,001411-306417257396-441-29.051853.0263170
Effective tax raten/an/an/an/an/an/a39.5%38.2%37.4%31.7%-24.1%22.5%13.2%17.2%n/a-2.9%16.8%2.9%11.1%8.8%
Net income1,3351,1881,5921,5641,5031,2751,2431,5181,6798871,5741,4381,6931,905-6481,0312,5631,7722,1111,766
Net margin10.5%9.4%13.2%13.3%13.6%13.0%12.5%13.9%16.1%9.9%17.3%14.8%16.8%19.8%-6.7%10.5%22.8%17.2%17.3%14.3%
Diluted EPS$2.62$2.34$3.14$3.08$2.96$2.51$2.45$2.99$3.30$1.75$3.10$2.83$3.33$3.76-$1.29$2.06$5.13$3.54$4.22$3.54
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2011 to FY2024, 3 years left out

FY2011FY2012FY2013FY2014FY2016FY2017FY2018FY2019FY2020FY2023FY2024Share
of the parts, latest year
Public Service Electric and Gas Companyn/an/an/an/an/a6,3246,4716,5596,5997,5178,15875.3%
PSEG Power & Othern/an/an/an/an/an/an/an/an/a2,8402,68224.7%
Consolidation Items Domain-2,248n/an/an/an/an/an/an/an/an/an/an/a
Other-14910352455370466571n/an/an/an/an/a
PSE&G7,3266,6266,6556,7666,303n/an/an/an/an/an/an/a
PSEG Power LLCn/an/an/an/an/a3,8604,1463,6663,147n/an/an/a
Power6,1504,8735,0635,4343,861n/an/an/an/an/an/an/a
Intersegment Eliminationsn/a-1,821-1,802-1,769-1,568-1,556-1,492n/an/an/an/an/a
Not assigned to a part in the filingn/an/an/an/an/an/an/an/an/a880n/an/a
Sales between segments, taken outn/an/an/an/an/an/an/an/an/an/a-550n/a
Public Service Electric and Gas Company FY2017 to FY2024PSEG Power & Other FY2023 to FY2024PSEG Power LLC FY2017 to FY2020Other FY2012 to FY2018PSE&G FY2011 to FY2016Power FY2011 to FY2016
13.5FY201111.8FY201310.5FY201611.2FY20189.7FY202010.8FY2024

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Intersegment Eliminations, Not assigned to a part in the filing and Sales between segments, taken out are the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart. Consolidation Items Domain is below zero in FY2011 as the 10-K filed it, so it has no share or block for that year. Other is below zero in FY2011 as the 10-K filed it, so it has no share or block for that year.

Profit by segment FY2011 to FY2024, 3 years left out

The net income each segment reports. Costs Public Service Enterprise Group does not charge to a segment are left out, so the segments can add up to more than the company's own net income.

FY2011FY2012FY2013FY2014FY2016FY2017FY2018FY2019FY2020FY2023FY2024Margin
FY2024
Public Service Electric and Gas Companyn/an/an/an/an/a9731,0671,2501,3271,5151,54719.0%
PSEG Power & Othern/an/an/an/an/an/an/an/an/a1,0482258.4%
Consolidation Items Domain0n/an/an/an/an/an/an/an/an/an/an/a
Other-12781-1333-201226-25-16n/an/an/a
PSE&G521528612725889n/an/an/an/an/an/an/a
PSEG Power LLCn/an/an/an/an/a479365468594n/an/an/a
Power1,10966664476018n/an/an/an/an/an/an/a
Public Service Electric and Gas Company FY2017 to FY2024PSE&G FY2011 to FY2016PSEG Power & Other FY2023 to FY2024PSEG Power LLC FY2017 to FY2020Power FY2011 to FY2016Other FY2011 to FY2020
1,503FY20111,243FY2013887FY20161,438FY20181,905FY20201,772FY2024

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2024Share of salesShare of profit
Public Service Electric and Gas Company75%87%
PSEG Power & Other25%13%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has a net income figure. A margin is a segment's net income over its own sales.

Cash flow

FY2007FY2008 †FY2009 †FY2010FY2011FY2012FY2013FY2014 †FY2015FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow1,9212,3451,8552,1643,5572,7873,1583,1603,9193,3113,2612,9133,3793,1021,7361,5033,8062,1333,2983,258
Capital expenditure1,3481,7711,7942,1602,0832,5742,8112,8203,8634,1994,1903,9123,1662,9232,7192,8883,3253,3803,2723,431
Free cash flow57357461.04.01,47421334734056.0-888-929-999213179-983-1,385481-1,24726.0-173
Free cash flow margin4.5%4.6%0.5%0.0%13.3%2.2%3.5%3.1%0.5%-9.9%-10.2%-10.3%2.1%1.9%-10.1%-14.1%4.3%-12.1%0.2%-1.4%
Cash from investing9.0-775-792-1,669-1,269-2,625-2,801-2,892-3,942-4,248-4,256-3,916-3,145-2,676-2,244-1,101-2,958-3,306-3,308-3,530
Cash from financing-1,650-1,629-1,034-565-1,734-617-243-35915.0966885887-257-30.0799-754-1,2601,22812.0773
Depreciation and amortisation8027938389749821,0541,1781,2271,2141,4761,9861,158n/an/an/an/an/an/an/an/a
Share-based compensationn/a1.01.01.01.01.01.01.01.01.031.030.033.035.028.029.018.040.043.0n/a
Buybacks0.092.00.00.0n/an/an/an/an/an/an/an/an/a0.00.05000.00.0n/an/a
Dividends paid5946556736936937187287487898308709109509911,0311,0791,1371,1961,2581,317
Dividend per share$1.17$1.29$1.33$1.37$1.37$1.42$1.44$1.48$1.56$1.64$1.72$1.80$1.88$1.96$2.04$2.16$2.28$2.40$2.52n/a
Diluted shares, weighted509m508m507m507m507m507m508m508m508m508m507m507m507m507m504m501m500m500m501m499m
Shares outstanding at period endn/an/a506m506m506m506m506m506m505m505m505m504m504m504m504m497m498m498m498m499m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008 †FY2009 †FY2010FY2011FY2012FY2013FY2014 †FY2015FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity7,3057,7718,7889,63310,27010,78011,60812,18513,06613,13013,84714,37715,08915,98414,43813,72915,47716,11416,98217,362
Non-controlling interestn/a11.010.08.02.01.01.01.01.00.0n/an/an/an/an/an/an/an/an/an/a
Debtn/a9,0388,1668,9408,0947,9398,6439,0989,93211,78313,06814,46216,22317,24319,43820,27020,23322,70724,07425,634
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a0.0273252191169173153128131
Other liabilitiesn/a12,22911,76611,32811,45513,00512,27014,04914,53615,15715,80116,48716,14516,57114,93214,55014,85815,66616,39217,190
Total liabilities and equityn/a29,04928,73029,90929,82131,72532,52235,33337,53540,07042,71645,32647,73050,05048,99948,71850,74154,64057,57660,317
Owned
Fixed assetsn/a14,43315,440n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Goodwilln/a16.016.016.016.016.016.016.016.016.016.016.00.0n/an/an/an/an/an/an/a
Intangible assetsn/a53.012313613134.033.084.010298.011414314915820.014.0n/an/an/an/a
Investmentsn/a2,6952,1811,7831,3031,3241,3131,3071,2331,050932896812536541624295263372494
Cash and equivalents38032135028083437949340239442331317714754381846554.0125132837
Receivablesn/a1,3981,2241,3879671,0691,2031,2541,0681,1611,3481,4351,3131,4101,8591,9441,4821,5971,8881,925
Inventoryn/a317n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Other assetsn/a9,8169,39626,30726,57028,90329,46432,27034,72237,32239,99342,65945,30947,40345,76145,67148,91052,65555,18457,061
Total assetsn/a29,04928,73029,90929,82131,72532,52235,33337,53540,07042,71645,32647,73050,05048,99948,71850,74154,64057,57660,317
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded1.6%4.8%7.5%5.3%
Profit growth, compounded2.3%2.1%27.0%-15.2%
Return on equity, average9.4%8.6%13.3%12.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Public Service Enterprise Group's revenue in fiscal 2025?

Public Service Enterprise Group (PEG) reported revenue of $12.2 billion for fiscal 2025, the year ended 31 December 2025, up 18.3% on the year before.

How much did Public Service Enterprise Group earn in fiscal 2025?

Net income was $2.1 billion for fiscal 2025, and diluted earnings per share $4.22.

What is Public Service Enterprise Group's P/E ratio?

At the close of 6 November 2026, Public Service Enterprise Group traded at 20.5 times its earnings over the twelve months to 30 September 2026.

What is Public Service Enterprise Group's market cap?

The market cap of Public Service Enterprise Group was $36.2 billion at the close of 6 November 2026.

Does Public Service Enterprise Group pay a dividend?

Yes. Public Service Enterprise Group declared $2.64 a share in dividends over the four quarters to 30 September 2026.

Peers: Utilities

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Duke Energy Corp. DUK$99.7 billion18.719.7%28.5%6.8%1.683.3%
Xcel Energy Inc. XEL$50.6 billion18.5710.5%21.7%4.5%1.592.9%
Exelon Corp. EXC$47.2 billion17.708.8%19.8%6.7%1.773.6%
Consolidated Edison Inc. ED$44.0 billion18.988.7%18.7%9.0%1.05n/a
WEC Energy Group, Inc. WEC$38.1 billion21.0412.1%23.5%8.1%1.523.2%
Public Service Enterprise Group Inc. PEG$36.2 billion20.5110.2%21.6%5.3%1.483.6%
Ameren Corp. AEE$31.2 billion19.6211.3%25.2%-0.3%1.552.6%
Pg&E Corp. PCG$28.6 billion9.618.6%20.2%4.1%1.88n/a
CMS Energy Corp. CMS$21.7 billion24.719.0%13.8%8.2%2.063.3%
Nisource Inc. NI$21.2 billion22.649.8%27.4%10.0%1.912.7%
Evergy, Inc. EVRG$20.5 billion19.499.7%27.4%8.5%1.473.2%
Alliant Energy Corp. LNT$18.9 billion20.2512.0%22.6%5.4%1.612.9%
All 96 in Utilities
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
NextEra Energy Inc. NEE$182.3 billion15.6718.9%30.0%9.6%1.852.8%
Southern Co. SO$107.5 billion21.1311.1%24.7%7.9%1.653.2%
Duke Energy Corp. DUK$99.7 billion18.719.7%28.5%6.8%1.683.3%
Constellation Energy Corp. CEG$88.7 billion24.3410.8%14.7%26.0%0.770.7%
National Grid plc NGG *$86.4 billion19.038.2%30.7%-3.8%1.192.5%
Williams Companies, Inc. WMB$80.1 billion25.2319.9%37.5%8.8%2.023.2%
Enterprise Products Partners L.P. EPD$79.8 billion12.26n/a12.7%21.5%n/an/a
American Electric Power Co. Inc. AEP$68.9 billion20.6710.2%23.4%11.1%1.603.0%
Kinder Morgan, Inc. KMI$66.7 billion18.4911.4%29.0%11.7%1.053.9%
TC Energy Corporation TRP *$64.5 billion26.4412.9%52.7%10.7%2.203.9%
Dominion Energy, Inc. D$60.4 billion22.799.1%22.5%21.5%1.663.9%
Cheniere Energy, Inc. LNG$56.8 billion19.4046.3%28.1%22.5%3.680.8%
Targa Resources Corp. TRGP$56.7 billion23.4164.1%22.5%4.7%5.201.7%
ONEOK Inc. OKE$53.7 billion13.2317.4%14.2%36.8%1.225.0%
Entergy Corp. ETR$52.8 billion25.4110.3%24.6%10.3%1.752.3%
Sempra SRE$51.1 billion16.759.2%n/a-0.9%1.123.3%
Xcel Energy Inc. XEL$50.6 billion18.5710.5%21.7%4.5%1.592.9%
Exelon Corp. EXC$47.2 billion17.708.8%19.8%6.7%1.773.6%
Consolidated Edison Inc. ED$44.0 billion18.988.7%18.7%9.0%1.05n/a
Vistra Corp. VST$41.9 billion21.0440.5%18.5%3.8%3.570.7%
WEC Energy Group, Inc. WEC$38.1 billion21.0412.1%23.5%8.1%1.523.2%
Public Service Enterprise Group Inc. PEG$36.2 billion20.5110.2%21.6%5.3%1.483.6%
Ameren Corp. AEE$31.2 billion19.6211.3%25.2%-0.3%1.552.6%
American Water Works Company, Inc. AWK$29.9 billion26.059.5%37.0%5.4%1.372.3%
Atmos Energy Corp. ATO$29.3 billion20.679.2%37.0%6.5%0.682.0%
Venture Global, Inc. VG$28.8 billion9.0838.9%37.6%100.7%4.880.3%
Pg&E Corp. PCG$28.6 billion9.618.6%20.2%4.1%1.88n/a
DTE Energy Co. DTE$28.2 billion20.5810.8%13.1%12.4%2.253.3%
Cheniere Energy Partners, L.P. CQP$27.8 billionn/an/a34.2%13.2%n/an/a
Centerpoint Energy Inc. CNP$27.0 billion23.259.8%24.4%7.8%2.122.3%
PPL Corp. PPL$27.0 billion20.478.6%24.5%7.5%1.333.1%
Firstenergy Corp. FE$26.9 billion22.339.3%14.9%12.2%2.323.8%
Eversource Energy ES$26.3 billion18.438.7%21.5%4.6%1.764.5%
Edison International EIX$22.8 billion6.3220.3%31.8%2.6%2.335.9%
CMS Energy Corp. CMS$21.7 billion24.719.0%13.8%8.2%2.063.3%
Nisource Inc. NI$21.2 billion22.649.8%27.4%10.0%1.912.7%
Evergy, Inc. EVRG$20.5 billion19.499.7%27.4%8.5%1.473.2%
Alliant Energy Corp. LNT$18.9 billion20.2512.0%22.6%5.4%1.612.9%
NRG Energy, Inc. NRG$18.6 billion22.9217.5%6.1%12.8%4.822.1%
Western Midstream Partners, LP WES$16.5 billion12.91n/a38.5%22.3%n/an/a
Talen Energy Corp. TLN$16.0 billionn/a-16.1%2.0%71.9%6.06n/a
Essential Utilities, Inc. WTRG$13.0 billion22.847.9%72.4%9.2%1.223.2%
Pinnacle West Capital Corp. PNW$12.6 billion19.598.8%20.7%7.5%1.533.5%
DT Midstream, Inc. DTM$11.6 billion24.759.8%49.4%13.4%0.683.0%
OGE Energy Corp. OGE$10.5 billion19.0310.6%25.8%2.4%1.123.4%
Antero Midstream Corp. AM$9.0 billion13.3730.5%81.3%7.3%1.424.7%
Entergy Arkansas, LLC EAI$8.7 billion4.1910.3%24.6%n/a1.7513.4%
Idacorp Inc. IDA$8.6 billion22.519.2%23.5%4.5%0.952.4%
UGI Corp. UGI$7.9 billion12.3912.9%16.2%-0.5%1.354.0%
Kinetik Holdings Inc. KNTK$7.9 billion16.31n/a12.2%15.8%n/a6.6%
Clearway Energy, Inc. CWEN$7.0 billion44.271.7%13.4%9.9%1.665.4%
National Fuel Gas Co. NFG$7.0 billion10.2117.2%40.3%15.1%0.912.9%
Southwest Gas Holdings, Inc. SWX$6.6 billionn/an/an/an/a0.862.8%
Black Hills Corp. BKH$6.5 billion20.418.0%24.3%2.8%1.133.3%
Txnm Energy Inc. TXNM$6.4 billion28.076.3%24.4%10.0%1.652.9%
Ormat Technologies, Inc. ORA$5.7 billion42.745.1%16.7%28.6%0.600.5%
New Jersey Resources Corp. NJR$5.5 billion15.0113.9%24.8%6.4%1.403.5%
Portland General Electric Co. POR$5.5 billion19.736.3%14.4%1.2%1.164.6%
Spire Inc. SR$5.2 billion9.9015.3%19.7%4.1%2.033.7%
NorthWestern Energy Group, Inc. NWE$5.1 billion31.225.7%18.1%10.1%1.273.2%
One Gas, Inc. OGS$5.1 billion17.258.3%21.1%-1.9%1.003.3%
Archrock, Inc. AROC$4.8 billion14.2021.4%n/a3.7%1.473.2%
Kodiak Gas Services, Inc. KGS$4.2 billion49.563.7%27.4%8.2%1.264.6%
MDU Resources Group Inc. MDU$4.0 billion20.026.5%17.1%-0.7%0.873.0%
American States Water Co. AWR$3.6 billion24.6512.6%32.2%11.1%0.792.3%
Chesapeake Utilities Corp. CPK$3.4 billion22.129.0%27.2%13.9%1.042.0%
Avista Corp. AVA$3.4 billion13.498.7%18.9%-1.4%1.194.9%
Otter Tail Corp. OTTR$3.3 billion18.719.2%15.2%0.0%0.652.9%
California Water Service Group CWT$3.2 billion22.797.2%19.4%4.8%0.862.6%
H2O America HTO$3.0 billion24.704.8%20.7%4.2%0.952.8%
MGE Energy Inc. MGEE$3.0 billion18.5510.9%22.5%8.0%0.632.3%
Fervo Energy Co. FRVO$2.7 billionn/an/an/an/a0.08n/a
Northwest Natural Holding Co. NWN$2.2 billion17.138.3%22.9%3.2%1.843.8%
Centuri Holdings, Inc. CTRI$2.1 billion36.326.0%3.1%31.5%0.90n/a
NGL Energy Partners LP NGL$1.9 billionn/an/a1.9%18.0%n/an/a
NextDecade Corp. NEXT$1.6 billionn/a-83.8%n/an/a107.19n/a
Hawaiian Electric Industries Inc. HE$1.5 billion6.3912.8%10.5%13.6%1.28n/a
New Fortress Energy Inc. NFE$1.3 billionn/an/a-84.3%-36.9%n/an/a
Excelerate Energy, Inc. EE$1.2 billion25.252.1%23.8%16.2%0.460.9%
Middlesex Water Co. MSEX$1.1 billion21.639.5%30.5%8.9%0.802.4%
Unitil Corp. UTL$1.0 billion18.318.6%18.6%21.1%1.543.3%
Xplr Infrastructure, LP XIFR$689 million4.601.4%6.4%-1.1%0.57n/a
York Water Co. YORW$530 million19.678.5%37.9%13.7%0.652.8%
Hallador Energy Co. HNRG$476 million505.00-0.5%3.7%6.5%0.23n/a
Genie Energy Ltd. GNE$462 million16.1810.9%5.2%1.7%0.031.7%
Consolidated Water Co. Ltd. CWCO$436 million27.527.2%12.3%-1.2%0.002.1%
Clean Energy Fuels Corp. CLNE$421 millionn/a-13.6%-4.0%6.3%0.39n/a
Montauk Renewables, Inc. MNTK$388 million54.203.0%0.6%4.3%0.57n/a
Artesian Resources Corp. ARTNA$354 million15.049.2%25.0%5.9%0.723.7%
Cadiz Inc. CDZI$300 millionn/a-789.7%-236.1%-21.3%18.65n/a
Summit Midstream Corp. SMC$288 millionn/a-0.6%14.6%20.9%2.07n/a
Pure Cycle Corp. PCYO$262 million17.859.7%37.7%22.9%0.09n/a
RGC Resources Inc. RGCO$241 million17.2911.4%17.3%13.8%1.213.7%
Global Water Resources, Inc. GWRS$219 million81.112.6%12.6%9.8%1.414.1%
Stabilis Solutions, Inc. SLNG$67 millionn/a-15.0%-19.4%-30.3%0.14n/a
Ocean Power Technologies, Inc. OPTT$4 millionn/an/a-1,088.8%-25.8%1.17n/a
15 companies share its SEC industry code (Electric & Other Services Combined); the rest are the names nearest in size in its wider industry, Utilities, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on PEG

Dividends$2.64 a share over the four quarters to 30 September 2026, a 3.64% yield
Filings25 in twelve months: 10 current reports (8-K), about 6 regulation FD disclosure; 4 results of operations; 2 officer or director change; 1 other events; 1 shareholder vote
Planned insider sales6 Form 144 notices in twelve months, $2.8 million; latest 1 October 2026
Options tapeput/call 0.18 by open interest at the 6 November 2026 close; the straddle prices a 3.8% move to 20 November 2026
13F holders1,315 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading14 sales and 0 purchases on Form 4 in twelve months
Congress2 House trades disclosed in six months
Short interest8.8 million shares short, 1.74 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 20262 November 2026EDGAR
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 20253 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 202530 April 2025EDGAR
10-K31 December 202425 February 2025EDGAR
10-Q30 September 20244 November 2024EDGAR
10-Q30 June 202430 July 2024EDGAR

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