PUBLIC SERVICE ENTERPRISE GROUP INC

PEG 10-K · Q4 2025

PEG Q4 2025 request

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Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Revenue 2,915 2,465 +18.3%
Show Business Segments breakouts
PSEG Power & Other · Operating Segments 961 667 +44.1%
Public Service Electric and Gas Company [Member] · Operating Segments 2,328 2,114 +10.1%
Show Legal Entity breakouts
Long Island ServCo [Member] 170 143 +18.9%
Public Service Electric and Gas Company [Member] 2,328 2,114 +10.1%
Show Consolidation Items breakouts
Intersegment Elimination -374 -316 -18.4%
Cost Of Goods And Service Excluding Depreciation Depletion And Amortization 1,014 765 +32.5%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 915 739 +23.8%
Utilities Operating Expense Maintenance And Operations 1,072 947 +13.2%
Show Legal Entity breakouts
Long Island ServCo [Member] 170 143 +18.9%
Public Service Electric and Gas Company [Member] 630 554 +13.7%
Cost Of Goods And Services Sold Depreciation And Amortization 318 308 +3.2%
Show Business Segments breakouts
PSEG Power & Other · Operating Segments 34 41 -17.1%
Public Service Electric and Gas Company [Member] · Operating Segments 284 267 +6.4%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 284 267 +6.4%
Total Costs & Expenses 2,404 2,020 +19.0%
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Public Service Electric and Gas Company [Member] 1,829 1,560 +17.2%
Operating Income 511 445 +14.8%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 499 554 -9.9%
Gain Loss On Investments 24 -64 +137.5%
Show Trust Investment Type of Trust [Axis] breakouts
Nuclear Decommissioning Trust (NDT) Fund [Member] 23 -64 +135.9%
Other Non-Operating Income (Expense) 23 35 -34.3%
Show Legal Entity breakouts
PSEG Power 23 35 -34.3%
PSEG Power & Other 7 21 -66.7%
Public Service Electric and Gas Company [Member] 16 14 +14.3%
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component 16 18 -11.1%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 18 19 -5.3%
Interest Expense -263 -232 -13.4%
Show Business Segments breakouts
PSEG Power & Other · Operating Segments -99 -81 -22.2%
Public Service Electric and Gas Company [Member] · Operating Segments -164 -152 -7.9%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] -164 -152 -7.9%
Show Consolidation Items breakouts
Intersegment Elimination 0 1 -100.0%
Income Before Taxes 311 200 +55.5%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 369 435 -15.2%
Income Tax Expense (Benefit) 4 86 -95.3%
Show Business Segments breakouts
PSEG Power & Other · Operating Segments 21 143 -85.3%
Public Service Electric and Gas Company [Member] · Operating Segments -17 -57 +70.2%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] -17 -57 +70.2%
Net Income 315 286 +10.1%
Show Business Segments breakouts
PSEG Power & Other · Operating Segments -37 -92 +59.8%
Public Service Electric and Gas Company [Member] · Operating Segments 352 378 -6.9%
Show Equity Components breakouts
Retained Earnings 315 286 +10.1%
Retained Earnings · Public Service Electric and Gas Company [Member] 352 378 -6.9%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 352 378 -6.9%
Wtd Avg Shares (Basic) 0 0
Wtd Avg Shares (Diluted) 0 0
EPS (Basic) 0.63 0.58 +8.6%
EPS (Diluted) 0.63 0.57 +10.5%
Interest Income 4 2 +100.0%
Show Business Segments breakouts
PSEG Power & Other · Operating Segments 0 0
Public Service Electric and Gas Company [Member] · Operating Segments 4 3 +33.3%
Show Consolidation Items breakouts
Intersegment Elimination 0 -1 +100.0%
Revenue From Contract With Customer Including Assessed Tax 3,023 2,463 +22.7%
Show Product Lines breakouts
Electric Distribution [Member] 929 807 +15.1%
Electric Distribution [Member] · Public Service Electric and Gas Company [Member] 929 807 +15.1%
Electric Transmission 448 441 +1.6%
Electric Transmission · Public Service Electric and Gas Company [Member] 448 441 +1.6%
Electricity and Related Products · Intersegment Elimination 0 -27 +100.0%
Electricity and Related Products · PSEG Power & Other 0 27 -100.0%
Electricity and Related Products · PSEG Power & Other 405 219 +84.9%
Electricity and Related Products · Third Party Sales 405 219 +84.9%
Gas Distribution [Member] 840 674 +24.6%
Gas Distribution [Member] · Public Service Electric and Gas Company [Member] 840 674 +24.6%
Natural Gas Reserves · Intersegment Elimination -373 -287 -30.0%
Natural Gas Reserves · PSEG Power & Other 373 287 +30.0%
Natural Gas Reserves · PSEG Power & Other 101 51 +98.0%
Natural Gas Reserves · Third Party Sales 101 51 +98.0%
Other Revenues from Contracts with Customers [Member] 300 271 +10.7%
Other Revenues from Contracts with Customers [Member] · Intersegment Elimination -1 -2 +50.0%
Other Revenues from Contracts with Customers [Member] · PSEG Power & Other 196 168 +16.7%
Other Revenues from Contracts with Customers [Member] · Public Service Electric and Gas Company [Member] 105 105 0.0%
Show Business Segments breakouts
PSEG Power & Other · Operating Segments 1,075 752 +43.0%
Public Service Electric and Gas Company [Member] · Operating Segments 2,322 2,027 +14.6%
Show Consolidation Items breakouts
Intersegment Elimination -374 -316 -18.4%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 2024 YoY
Current Assets
Cash & Cash Equivalents 132 125 +5.6%
Show Legal Entity breakouts
PSEG Power & Other 35 46 -23.9%
Public Service Electric and Gas Company [Member] 97 79 +22.8%
Accounts Receivable 1,888 1,597 +18.2%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] · Nonrelated Party 1,431 1,189 +20.4%
Income Taxes Receivable 406 394 +3.0%
Unbilled Receivables Current 381 313 +21.7%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 381 313 +21.7%
Fuel 282 232 +21.6%
Inventory Raw Materials And Supplies 873 892 -2.1%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 613 642 -4.5%
Prepaid Expense Current 75 117 -35.9%
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Public Service Electric and Gas Company [Member] 17 28 -39.3%
Derivative Assets Current 11 33 -66.7%
Show Derivative Risk breakouts
Energy Related Derivative · Nondesignated 782 403 +94.0%
Show Legal Entity breakouts
PSEG Power 11 33 -66.7%
Regulatory Assets Current 537 516 +4.1%
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Public Service Electric and Gas Company [Member] 537 516 +4.1%
Other Assets Current 11 16 -31.2%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 11 15 -26.7%
Total Current Assets 4,596 4,235 +8.5%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 3,087 2,782 +11.0%
Non-Current Assets
Regulatory Assets Noncurrent 6,431 6,125 +5.0%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 6,431 6,125 +5.0%
Public Service Electric and Gas Company [Member] · Pension Ratemaking deferral 140 103 +35.9%
Operating Lease Right-of-Use Assets 138 162 -14.8%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 84 93 -9.7%
Long Term Investments 372 263 +41.4%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 199 90 +121.1%
Public Service Electric and Gas Company [Member] · CEF-EE II On-Bill Repayment (OBR) Program (A) [Member] 131
Public Service Electric and Gas Company [Member] · Life Insurance And Supplemental Benefits [Member] 59 67 -11.9%
Public Service Electric and Gas Company [Member] · Solar Loan Investment [Member] 9 23 -60.9%
Show Investment Type breakouts
Leases [Member] 138 150 -8.0%
Other Investments 9 2 +350.0%
Partnerships And Corporate Joint Ventures [Member] 26 21 +23.8%
Decommissioning Fund Investments 2,915 2,670 +9.2%
Accounts Receivable Net Noncurrent 520 558 -6.8%
Assets Held In Trust Noncurrent 162 165 -1.8%
Show Legal Entity breakouts
PSEG Power & Other · Rabbi Trust [Member] 133 135 -1.5%
Public Service Electric and Gas Company [Member] 29 30 -3.3%
Public Service Electric and Gas Company [Member] · Rabbi Trust [Member] 29 30 -3.3%
Show Trust Investment Type of Trust [Axis] breakouts
Rabbi Trust [Member] 162 165 -1.8%
Derivative Assets Noncurrent 6 51 -88.2%
Show Derivative Risk breakouts
Energy Related Derivative · Nondesignated 871 375 +132.3%
Interest Rate Swap · Designated As Hedging Instrument 4 32 -87.5%
Show Legal Entity breakouts
PSEG Power 2 19 -89.5%
Other Non-Current Assets 372 347 +7.2%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 209 204 +2.5%
Deferred Costs And Other Assets 10,916 10,341 +5.6%
Show Retirement Plan Type breakouts
Pension Plans Defined Benefit 118 134 -11.9%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 6,952 6,544 +6.2%
Total Assets 57,576 54,640 +5.4%
Show Business Segments breakouts
PSEG Power & Other · Operating Segments 9,067 8,673 +4.5%
Public Service Electric and Gas Company [Member] · Operating Segments 49,024 46,364 +5.7%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 49,024 46,364 +5.7%
Show Consolidation Items breakouts
Intersegment Elimination -515 -397 -29.7%
Other Assets
Public Utilities Property Plant And Equipment Plant In Service 53,920 51,207 +5.3%
Show Legal Entity breakouts
PSEG Power & Other 5,168 5,009 +3.2%
Public Service Electric and Gas Company [Member] 48,752 46,198 +5.5%
Public Utilities Property Plant And Equipment Accumulated Depreciation -11,856 -11,143 -6.4%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] -9,767 -9,160 -6.6%
Public Utilities Property Plant And Equipment Net 42,064 40,064 +5.0%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 38,985 37,038 +5.3%
Current Liabilities
Current Portion of Long-Term Debt 875 2,150 -59.3%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 875 350 +150.0%
Commercial Paper 1,529 1,593 -4.0%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 325 444 -26.8%
Public Service Electric and Gas Company [Member] · Revolving Credit Facility 325
Show Consolidated Entities breakouts
Parent Company · Revolving Credit Facility 704
Accounts Payable 1,489 1,136 +31.1%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] · Nonrelated Party 866 704 +23.0%
Public Service Electric and Gas Company [Member] · PSEG Parent 142 37 +283.8%
Public Service Electric and Gas Company [Member] · PSEG Power 228 209 +9.1%
Public Service Electric and Gas Company [Member] · PSEG Services 102 116 -12.1%
Public Service Electric and Gas Company [Member] · Related Party 472 362 +30.4%
Derivative Liabilities Current 65 5 +1200.0%
Show Derivative Risk breakouts
Energy Related Derivative · Nondesignated 850 448 +89.7%
Show Legal Entity breakouts
PSEG Power 65 5 +1200.0%
Interest Payable Current 265 219 +21.0%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 197 174 +13.2%
Taxes Payable Current 95 10 +850.0%
Clean Energy Program Current 145 145 0.0%
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Public Service Electric and Gas Company [Member] 145 145 0.0%
Customer Collateral Liabilities 106 93 +14.0%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 106 93 +14.0%
Regulatory Liability Current 484 555 -12.8%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 484 555 -12.8%
Other Liabilities Current 687 599 +14.7%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 324 371 -12.7%
Total Current Liabilities 5,740 6,505 -11.8%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 3,794 3,198 +18.6%
Non-Current Liabilities
Deferred Income Taxes And Other Tax Liabilities Noncurrent 7,930 7,248 +9.4%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 7,074 6,477 +9.2%
Regulatory Liability Noncurrent 2,048 2,271 -9.8%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 2,048 2,271 -9.8%
Public Service Electric and Gas Company [Member] · Excess Deferred Income Taxes excluding amounts from previously realized repair deductions [Member] 1.7
Operating Lease Liabilities 128 153 -16.3%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 73 83 -12.0%
Asset Retirement Obligations Noncurrent 1,381 1,500 -7.9%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 457 457 0.0%
Other Postretirement Defined Benefit Plan Liabilities Noncurrent (Q)
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 126 164 -23.2%
Show Consolidated Entities breakouts
Consolidated Entity Excluding Variable Interest Entities VIE 242 292 -17.1%
Variable Interest Entity Primary Beneficiary 501 510 -1.8%
Defined Benefit Pension Plan Liabilities Noncurrent (Q)
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 164 305 -46.2%
Show Consolidated Entities breakouts
Consolidated Entity Excluding Variable Interest Entities VIE 305 488 -37.5%
Accrued Environmental Loss Contingencies Noncurrent 225 225 0.0%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 160 159 +0.6%
Derivative Liabilities Noncurrent 21 4 +425.0%
Show Derivative Risk breakouts
Energy Related Derivative · Nondesignated 975 408 +139.0%
Show Legal Entity breakouts
PSEG Power 21 4 +425.0%
Liability For Uncertain Tax Positions Noncurrent 141 130 +8.5%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 7
Other Non-Current Liabilities 262 205 +27.8%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 188 157 +19.7%
Liabilities Noncurrent 13,184 13,057 +1.0%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 10,297 10,073 +2.2%
Long-Term Debt 21,670 18,964 +14.3%
Show Legal Entity breakouts
PSEG Power · Parent Company 1,238
Public Service Electric and Gas Company [Member] 15,117 14,648 +3.2%
Show Consolidated Entities breakouts
Parent Company 5,315 4,316 +23.1%
Long-Term Debt 22,545 21,114 +6.8%
Show Legal Entity breakouts
PSEG Power 1,238 1,250 -1.0%
Public Service Electric and Gas Company [Member] 15,992 14,998 +6.6%
Show Consolidated Entities breakouts
Parent Company 5,315 4,866 +9.2%
Other Liabilities
Capitalization Longterm Debt And Equity 38,652 35,078 +10.2%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 34,933 33,093 +5.6%
Stockholders' Equity
Common Stock 5,062 5,057 +0.1%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 892 892 0.0%
Treasury Stock Common Value -1,435 -1,403 -2.3%
Contributed Capital (Q)
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 2,156 2,156 0.0%
Retained Earnings 13,446 12,593 +6.8%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 16,771 15,401 +8.9%
Accumulated Other Comprehensive Income -91 -133 +31.6%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] -3 -4 +25.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 16,982 16,114 +5.4%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -56 -76 +26.3%
Accumulated Gain Loss Net Cash Flow Hedge Parent 24 36 -33.3%
Accumulated Net Unrealized Investment Gain Loss -59 -93 +36.6%
Accumulated Other Comprehensive Income -91 -133 +31.6%
Accumulated Other Comprehensive Income · Public Service Electric and Gas Company [Member] -3 -4 +25.0%
Common Stock 5,062 5,057 +0.1%
Common Stock · Public Service Electric and Gas Company [Member] 892 892 0.0%
Contributed Capital [Member] · Public Service Electric and Gas Company [Member] 2,156 2,156 0.0%
Retained Earnings 13,446 12,593 +6.8%
Retained Earnings · Public Service Electric and Gas Company [Member] 16,771 15,401 +8.9%
Treasury Stock Common -1,435 -1,403 -2.3%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 19,816 18,445 +7.4%
Total Liabilities & Equity 57,576 54,640 +5.4%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 49,024 46,364 +5.7%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Amortization Of Nuclear Fuel 48 46 +4.3%
Deferred Income Taxes And Tax Credits 37 -20 +285.0%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 96 68 +41.2%
Pension And Other Postretirement Benefit Expense 19 19 0.0%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 11 10 +10.0%
Realized Unrealized Gain Loss On Derivatives And Commodity Contracts 92 134 -31.3%
Cost Of Removal -39 -33 -18.2%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] -39 -33 -18.2%
Amortization Of Energy Efficiency Program Expenditures 47 35 +34.3%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 47 35 +34.3%
Increase Decrease In Regulatory Assets And Liabilities -32 -192 +83.3%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] -32 -192 +83.3%
Net Realized Gains Losses And Income Expense From Nuclear Decommissioning Trust Funds -43 48 -189.6%
Increase Decrease In Accounts And Other Receivables (Q)
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] -241 -219 -10.0%
Increase Decrease In Materials And Supplies (Q)
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 5 1 +400.0%
Increase Decrease In Prepaid Expense (Q)
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 133 111 +19.8%
Increase Decrease In Income Taxes Receivable -4 -246 +98.4%
Increase Decrease In Margin Deposits Outstanding -115 -128 +10.2%
Change in Accounts Payable (Q)
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 56 85 -34.1%
Increase Decrease In Accounts Payable Related Parties (Q)
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 122 184 -33.7%
Increase Decrease In Accrued Taxes Payable -11 -5 -120.0%
Increase Decrease In Other Current Assets And Liabilities Net 58 4 +1350.0%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 102 57 +78.9%
Pension And Other Postretirement Benefit Contributions -63 -12 -425.0%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] -43 -6 -616.7%
Increase Decrease In Other Noncurrent Assets And Liabilities Net 31 136 -77.2%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 22 7 +214.3%
Net Cash from Operations 721 367 +96.5%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 840 606 +38.6%
Investing Activities
Capital Expenditures -1,129 -978 -15.4%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] -838 -764 -9.7%
Proceeds From Sale Maturity And Collections Of Investments 305 281 +8.5%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 1 2 -50.0%
Show Trust Investment Type of Trust [Axis] breakouts
Nuclear Decommissioning Trust (NDT) Fund [Member] 299 273 +9.5%
Rabbi Trust [Member] 6 8 -25.0%
Payments To Acquire Investments -310 -269 -15.2%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 0 -1 +100.0%
Other Investing Activities -114 23 -595.7%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] -131 11 -1290.9%
Net Cash from Investing -1,248 -943 -32.3%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] -968 -752 -28.7%
Financing Activities
Proceeds From Repayments Of Commercial Paper 600 646 -7.1%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 325 444 -26.8%
Proceeds From Issuance Of Other Long Term Debt 0 0
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 0 0
Repayments Of Long Term Debt 0 -250 +100.0%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 0 -250 +100.0%
Payments Of Dividends Common Stock -315 -299 -5.4%
Proceeds From Payments For Other Financing Activities -62 5 -1340.0%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 0 0
Net Cash from Financing 323 502 -35.7%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] -50 44 -213.6%
Supplemental
Income Taxes Paid (Q)
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 15 29 -48.3%
Interest Paid 241 234 +3.0%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] 101 110 -8.2%
Unpaid Capital Expenditures -147 -182 +19.2%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] -8 -92 +91.3%
Other Cash Flow
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect -204 -74 -175.7%
Show Legal Entity breakouts
Public Service Electric and Gas Company [Member] -178 -102 -74.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 156 154 +1.3%
Show Legal Entity breakouts
PSEG Power & Other 35 46 -23.9%
Public Service Electric and Gas Company [Member] 121 108 +12.0%

Values in millions USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

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