PSEG ANNOUNCES 2024 RESULTS
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Public Service Enterprise Group (PSEG) reported its 2024 financial results, showing a net income of $3.54 per share and non-GAAP operating earnings of $3.68 per share. The company has initiated 2025 non-GAAP operating earnings guidance of $3.94 - $4.06 per share, representing a midpoint increase of approximately 9% over 2024 results. PSEG also announced an increase in its 2025-2029 capital spending plan to $22.5 billion - $26 billion, up by $3.5 billion from the previous plan.
February 25, 2025 | 12:45 pm
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PSEG reported 2024 net income of $3.54 per share and non-GAAP operating earnings of $3.68 per share. The company has set 2025 guidance at $3.94 - $4.06 per share, indicating a positive outlook. Capital spending plans have been increased significantly.
PSEG's 2024 results show stable earnings with a positive outlook for 2025, as indicated by the increased guidance and capital spending plans. This suggests potential growth and investment in the company's future, likely leading to a positive short-term impact on the stock price.
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