Public Service Enterprise GroupPEGEarnings & Financial Report
The Public Service Enterprise Group, Inc. (PSEG) is a publicly traded energy company based in Newark, New Jersey, where it has been based since its founding. It was founded in 1985, with its roots tracing back to 1903.
Revenue
$3.2B
Gross Profit
N/A
Operating Profit
$797.0M
Net Profit
$589.0M
Gross Margin
N/A
Operating Margin
24.7%
Net Margin
18.3%
YoY Growth
16.7%
EPS
$1.18
Financial Flow
Public Service Enterprise Group Q1 2025 Financial Summary
Public Service Enterprise Group reported revenue of $3.2B (up 16.7% YoY) for Q1 2025, with a net profit of $589.0M (up 10.7% YoY) (18.3% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $3.2B |
|---|---|
| Net Profit | $589.0M |
| Gross Margin | N/A |
| Operating Margin | 24.7% |
| Report Period | Q1 2025 |
Revenue Breakdown
Public Service Enterprise Group Q1 2025 revenue of $3.2B breaks down across 5 segments, led by PSEG Power Other at $1.3B (40.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| PSEG Power Other | $1.3B | 40.5% |
| Gas Distribution Contracts | $1.1B | 35.5% |
| Transmission | $439.0M | 13.6% |
| Other | $245.0M | 7.6% |
| Other Contract Revenues | $91.0M | 2.8% |
Public Service Enterprise Group Revenue by Segment — Quarterly Trend
Public Service Enterprise Group revenue by segment across the last 4 reported quarters, showing how each business line (such as PSEG Power Other and Gas Distribution Contracts) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| PSEG Power Other | $1.1B | $698.0M | $675.0M | $1.3B |
| Gas Distribution Contracts | $840.0M | $161.0M | $317.0M | $1.1B |
| Transmission | — | $449.0M | $443.0M | $439.0M |
| Other | $71.0M | — | $99.0M | $245.0M |
| Other Contract Revenues | — | $92.0M | $97.0M | $91.0M |
Public Service Enterprise Group Annual Revenue by Year
Public Service Enterprise Group annual revenue history includes year-by-year totals (for example, 2025 revenue was $12.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $12.2B |
| 2024 | $10.3B |
| 2023 | $11.2B |
| 2022 | $9.8B |
Public Service Enterprise Group Quarterly Revenue & Net Profit History
Public Service Enterprise Group results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $2.9B | +18.3% | $315.0M | 10.8% |
| Q3 2025 | $3.2B | +22.1% | $622.0M | 19.3% |
| Q2 2025 | $2.8B | +15.8% | $585.0M | 20.9% |
| Q1 2025 | $3.2B | +16.7% | $589.0M | 18.3% |
| Q4 2024 | $2.5B | -5.4% | $286.0M | 11.6% |
| Q3 2024 | $2.6B | +7.6% | $520.0M | 19.7% |
| Q2 2024 | $2.4B | +0.1% | $434.0M | 17.9% |
| Q1 2024 | $2.8B | -26.5% | $532.0M | 19.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.76B | $2.42B | $2.64B | $2.46B | $3.22B | $2.81B | $3.23B | $2.92B |
| YoY Growth | -26.5% | 0.1% | 7.6% | -5.4% | 16.7% | 15.8% | 22.1% | 18.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $52.39B | $52.38B | $54.08B | $54.64B | $55.58B | $56.02B | $56.91B | $57.58B |
| Liabilities | $36.67B | $36.56B | $37.98B | $38.53B | $39.20B | $39.35B | $39.90B | $40.59B |
| Equity | $15.72B | $15.82B | $16.09B | $16.11B | $16.37B | $16.67B | $17.01B | $16.98B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $661.0M | $482.0M | $623.0M | $367.0M | $1.05B | $478.0M | $1.05B | $721.0M |