Public Service Enterprise's first-quarter profit drags as interest cost weighs [Yahoo! Finance]
Public Service Enterprise Group Incorporated (PEG)
Last public service enterprise group incorporated earnings: 2/26 07:30 am
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Source: Yahoo! Finance
Interest rates in the U.S. have hit multi-decadal highs since the Federal Reserve began hiking rates last year, leading to higher borrowing costs. The Newark, New Jersey-based company's operating and maintenance costs, which include restoration costs due to bad weather, rose 5.4%, while interest expenses climbed about 13.8% to $205 million in the first quarter. New Jersey and other states in the eastern half of the U.S. experienced a massive winter storm at the start of the year which knocked out power for many homes and businesses. "On the operations side, PSE&G met the challenge of quickly restoring service to tens of thousands of customers following a severe rain and windstorm early in the year..." said CEO Ralph LaRossa. The utility's electricity and natural gas distribution segment, PSE&G, posted a revenue of $2.33 billion in the first quarter compared with $2.29 billion last year. Peer FirstEnergy, which also provides electric services to customers in New Jersey and o
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News
- Southern appoints new CEO of nuclear unit [Yahoo! Finance]Yahoo! Finance
- Public Service Enterprise Group (NYSE:PEG) Is Due To Pay A Dividend Of $0.60 [Yahoo! Finance]Yahoo! Finance
- Hurricane Preparedness Week: PSEG Long Island Announces Climate Change Resilience Plan [Yahoo! Finance]Yahoo! Finance
- Hurricane Preparedness Week: PSEG Long Island Announces Climate Change Resilience PlanPR Newswire
- Earnings Miss: Public Service Enterprise Group Incorporated Missed EPS By 16% And Analysts Are Revising Their Forecasts [Yahoo! Finance]Yahoo! Finance
PEG
Earnings
- 4/30/24 - Miss
PEG
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- PEG's page on the SEC website