Sector: Utilities|Industry: Utilities - Regulated Electric|Market Cap: $41.34B|Employees: 12.5K
Public Service Enterprise Group (PSEG) is a public utility holding company with operations primarily in the regulated electric and gas utility sector and a nuclear generation business. Through its subsidiaries, PSEG delivers electricity and natural gas to customers in New Jersey and generates power through nuclear facilities in New Jersey and Pennsylvania. The company's market position is supported by its regulated utility operations and its nuclear generation assets.
Operating revenues decreased from $3,755 million to $2,760 million YoY, a 26% decrease. This is a significant change and indicates a potential issue with the company's ability to generate revenue.
Net income decreased from $1,287 million to $532 million YoY. This decrease indicates a significant drop in profitability.
Basic EPS decreased from $2.59 to $1.07 and diluted EPS decreased from $2.58 to $1.06 YoY. This substantial decline in EPS reflects the decrease in net income.