PSEG sees FY24 adjusted EPS $3.60-$3.70, consensus $3.69

The midpoint of the company’s 2024 guidance represents earnings growth of approximately 6% from the midpoint of its 2023 non-GAAP Operating Earnings guidance of $3.40 to $3.50 per share. “Consistent with an improved business mix and a platform for predictable growth, PSEG has introduced 2024 non-GAAP Operating Earnings guidance that follows our existing long-term outlook for compound annual earnings growth in the range of 5% to 7% for 2023 through 2027,” said Ralph LaRossa, PSEG’s chair, president, and CEO. “Guidance for 2024 is presented on a consolidated basis and reflects the estimated earnings contributions of both Public Service Electric and Gas and PSEG Power & Other. PSEG continues to execute on our plan to increase the predictability of our business, which is built on a foundation of operational excellence, disciplined investment, and the continuation of financial strength,” LaRossa added.