10-Q quarterly report · filed Aug 5, 2025

Public Service Enterprise Group (PEG) Q2 2025 10-Q Quarterly Report

Short answer

Public Service Enterprise Group (PEG) filed its Q2 2025 10-Q quarterly report on Aug 5, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $2.8B (up 15.8% year over year) with net income of $585M.

Q2 2025 key financials · XBRL

Revenue
$2.8B
+15.8% YoY · −12.9% QoQ
Net income
$585M
+34.8% YoY · −0.7% QoQ
Operating margin
29.1%
EPS (diluted)
$1.17
+34.5% YoY · −0.8% QoQ

Source: XBRL data from the Public Service Enterprise Group (PEG) Q2 2025 10-Q on SEC EDGAR. USD.

Public Service Enterprise Group Q2 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue PSE&G $332M Q2 2025 vs $302M Q2 2024; PSEG Power & Other $253M vs $132M YoY
  • Net income $585M Q2 2025 vs $434M Q2 2024; net income per share $1.17 vs $0.87
  • Operating focus on regulated investments; PSE&G rate base grew from $30B (end 2023) to $34B (end 2024)
  • Nuclear capacity factor 94.3%; 15.9 TWh generated YTD 2025; PTC-supported generation value at or above phase out level
  • NDT fund gains $65M Q2 2025 vs $8M prior year; non-trading MTM gains $136M vs $114M Q2 2024
  • Regulated capital investment guidance $21B-$24B 2025-2029; CAGR rate base growth target 6%-7.5%
  • Approved PSE&G distribution rate base $17.8B and ROE 9.6% effective Oct 2024; $2.9B CEF-EE II program 2025-2027 funding
  • Near-term growth supported by infrastructure modernization, energy efficiency investments, and nuclear generation economics

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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