PEG Public Service Enterprise Group Inc

By Dave Sebastian

Public Service Enterprise Group Inc. on Wednesday set its financial outlook for 2020 as it reported higher fourth-quarter profit and revenue.

The energy company said it expects adjusted operating earnings to grow about 4% at its midpoint guidance of $3.30 a share to $3.50 a share.

For PSE&G, it sees adjusted earnings of $1.31 billion to $1.37 billion. It expects earnings at PSEG Power of $345 million to $435 million and a loss of $5 million at the PSEG Enterprise and other segment.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

February 26, 2020 08:07 ET (13:07 GMT)

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