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PSEG ANNOUNCES SECOND QUARTER 2024 RESULTS
Prnewswire· 2024-07-30 19:30
文章核心观点 - 公司2024年第二季度净收益为0.87美元/股,非GAAP经营收益为0.63美元/股,符合全年指引 [1][2][4] - 公司重申2024年非GAAP经营收益指引为3.60-3.70美元/股,并维持5-7%的五年非GAAP经营收益增长预期 [4] - 公司电力和天然气业务表现良好,电力业务受益于联邦核电税收抵免,天然气业务受益于投资和成本控制 [6][7] PSE&G业务表现 - PSE&G第二季度净收益为0.60美元/股,非GAAP经营收益为0.60美元/股,同比下降 [6] - 受益于输电投资、系统现代化和能效项目,但受运营维护成本、折旧和利息费用上升的抵消 [6] - 公司在第二季度投资约9亿美元,全年计划投资34亿美元 [6] - 监管机构批准延长PSE&G现有能效项目至2024年12月,并批准收回COVID相关费用 [6] PSEG Power业务表现 - PSEG Power第二季度净收益为0.27美元/股,非GAAP经营收益为0.03美元/股 [7] - 受益于联邦核电税收抵免,但受希望溪核电站大修成本上升的抵消 [7] - 预计大部分2024年毛利增长将在下半年,尤其是第四季度体现 [7]
PSEG Long Island Is Prepared for Summer 2024
Prnewswire· 2024-07-25 23:33
UNIONDALE, N.Y., July 25, 2024 /PRNewswire/ -- Summer has arrived, and PSEG Long Island is prepared for hurricane season and to meet peak demand during extreme heat situations in the coming months.Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9270451-pseg-long-island-prepared-summer-2024/ Storm Hardening Video Storm Hardening Infographic 78314 "Providing reliable electric service to approximately 1.2 million customers is a long-term com ...
PSEG (PEG) to Report Q2 Earnings: Here's What to Expect
ZACKS· 2024-07-24 23:07
Public Service Enterprise Group Incorporated (PEG) , or PSEG, is slated to report second-quarter 2024 results on Jul 30 before market open. The company delivered a negative earnings surprise of 0.76% in the last reported quarter.The company holds a four-quarter average earnings surprise of 7.30%.  Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors at PlayIn the second quarter of 2024, PSEG’s service territories witnessed warmer-than-normal temperatures, resul ...
5 PEG-Based GARP Stocks to Buy Ahead of Elections
ZACKS· 2024-07-17 21:45
Ahead of the U.S. presidential election, investors are quite certain about a probable increase in volatility in the equity space. Considering the diverse focus and agenda of the parties, conditional to the voting outcome, a number of sectors are bound to see growth compared to others. While a few months are still left for investors to clearly understand which sectors to put more money in and which sectors to exit, it will be a prudent idea now to follow a hybrid investment strategy to minimize the risk of t ...
PSEG Declares Regular Quarterly Dividend for the Third Quarter of 2024
Prnewswire· 2024-07-16 02:41
NEWARK, N.J., July 15, 2024 /PRNewswire/ -- The Board of Directors of Public Service Enterprise Group (NYSE:PEG) today declared a $0.60 per share dividend on the outstanding common stock of the company for the third quarter of 2024. All dividends for the third quarter are payable on or before September 30, 2024, to shareholders of record on September 9, 2024. About PSEG Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company focused on a clean energy future. Gu ...
PSE&G's Energy Efficiency Programs Are Now Projected to Save $484M and Avoid Approximately 1.6M Metric Tons of Carbon Emissions Annually
Prnewswire· 2024-07-09 19:30
Over 97,000 Retail Appliance Rebates Provided and Approximately $12 Million on Utility Bills Saved for Business Customers Participating in the PSE&G Small Business Direct Install ProgramNEWARK, N.J., July 9, 2024 /PRNewswire/ -- PSE&G's latest report on its Clean Energy Future Energy Efficiency (CEF-EE) initiatives indicates a continuation of positive results from programs implementation through March 31, 2024. Over 380,000 customers have taken action to save energy and money through PSE&G's suite of energy ...
Here's Why PSEG (PEG) is a Strong Momentum Stock
ZACKS· 2024-07-09 01:47
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Scor ...
PSEG To Announce Second Quarter 2024 Financial Results On July 30
Prnewswire· 2024-07-02 19:30
NEWARK, N.J., July 2, 2024 /PRNewswire/ -- Public Service Enterprise Group Incorporated (PSEG) will host its second quarter 2024 earnings call at 11:00 a.m. ET on Tuesday, July 30, during which management will discuss second quarter financial results, financial guidance, capital investments, regulatory activities, and other important matters.The audio webcast can be accessed at that time, along with accompanying presentation materials, on the Investor News and Events section of PSEG's Investor Relations web ...
4 Best GARP Picks for Your Portfolio Based on Discounted PEG
ZACKS· 2024-07-01 21:35
In the equity market, investments need to be prudently hedged to overcome uncertainties and limit losses related to external shocks. A question that often arises is whether one should resort to a value strategy that seeks discounted stocks or opt for growth investing in times of extreme market instability.The investing track of the Oracle of Omaha over the past few decades and his gradual shift from being a pure-play value investor to a GARP (growth at a reasonable price) investor might give us all the answ ...
PSEG (PEG) Rides on Investments Despite Weak Financial Position
ZACKS· 2024-06-29 01:01
Public Service Enterprise Group, Inc. (PEG) or PSEG’s focus on renewable generation expansion is likely to enhance its performance. Moreover, to enhance customer reliability, the company makes consistent investments in its infrastructure, thereby strengthening its transmission and distribution system's resilience.However, this Zacks Rank #3 (Hold) company faces risks like unfavorable financial position and expenditure to remediate every manufactured gas plant (MGP) site, which act as a headwind.TailwindsPSE ...