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PSEG (PEG) Stock: Q3 Revenue Soars 20% Boosting Positive Outlook for Investors

PSEG (PEG) Stock: Q3 Revenue Soars 20% Boosting Positive Outlook for Investors

Author:

Global Cryptocurrency

Published:

2025-11-03 21:05:02

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BTCCSquare news:

Public Service Enterprise Group (PEG) delivered robust third-quarter results for 2025, with its stock price climbing 1.08% to $81.43. Net income surged to $622 million, up from $520 million year-over-year, reflecting a steady upward trajectory. Earnings per share (EPS) ROSE to $1.24, compared to $1.04 in 2024, while non-GAAP operating earnings jumped 26% to $565 million.

The utility's growth was fueled by strategic investments, rate hikes, and efficient cost management. PSEG Power & Other segments contributed significantly despite higher operational expenses. The company reaffirmed its bullish outlook, targeting a 5-7% earnings increase.

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