Public Service Enterprise Group Sets 2020 Guidance

Date : 02/26/2020 @ 1:22PM
Source : Dow Jones News
Stock : Public Service Enterprise Group Inc (PEG)
Quote : 44.91  0.0 (0.00%) @ 9:00AM

Public Service Enterprise Group Sets 2020 Guidance

Public Service Enterprise (NYSE:PEG)
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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


(END) Dow Jones Newswires

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

Copyright (c) 2020 Dow Jones & Company, Inc.

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