Public Service Enterprise Group (PEG) FY2024 10-K Annual Report
Public Service Enterprise Group (PEG) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 25, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Public Service Enterprise Group FY2024 10-K Analysis
Business Overview
- • Core business model: Energy company focused on electricity generation, transmission, and distribution
- • New emphasis on cybersecurity governance with detailed Board-level oversight structures introduced
Management Discussion & Analysis
- • Operating cash flow $1,725M at PSE&G, up $185M YoY; total operating cash flow down $1,673M due to $131M outflow in net cash collateral at PSEG Power
- • Available liquidity $2.51B as of Dec 31, 2024; credit facilities total $3.825B with $1.314B usage
Risk Factors
- • Inflation Reduction Act 2022 production tax credit for nuclear facilities, effective 2024-2032, supports downside price protection for nuclear generation fleet
- • New Jersey Board of Public Utilities (BPU) approval of $2.9B Clean Energy Future-EE II investment 2025-2027, increasing energy efficiency savings targets
Public Service Enterprise Group FY2024 Key Financial MetricsXBRL
Revenue
$10.3B
▼ -8.4% YoY
Net Income
$1.8B
▼ -30.9% YoY
Operating Margin
22.9%
▼ -993bp YoY
Net Margin
17.2%
▼ -559bp YoY
ROE
11.0%
▼ -556bp YoY
Total Assets
$54.6B
▲ +7.7% YoY
EPS (Diluted)
$3.54
▼ -31.0% YoY
Operating Cash Flow
$2.1B
▼ -44.0% YoY
Source: XBRL data from Public Service Enterprise Group FY2024 10-K filing on SEC EDGAR. All figures in USD.
Other Public Service Enterprise Group Annual Reports
Get deeper insights on Public Service Enterprise Group
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.