PEGPublic Service Enterprise Group

Utilities · Electric & Gas Utilities · NYSE

We were incorporated under the laws of the State of New Jersey in 1985 and our principal executive offices are located at 80 Park Plaza, Newark, New Jersey 07102. 10-K, Item 1

Headquarters: Newark, NJ
CEO: Ralph A. LaRossa
Next results: around Feb 25, 2027

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The biggest changes in the 10-K filed 2026-02-26, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Cash from operations

+54.6% Big change FY to 2025-12-31 vs 2024-12-31

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Net income

+19.1% Big change FY to 2025-12-31 vs 2024-12-31

“Our increase in Net Income for 2025 as compared to 2024 was driven primarily by”
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“Net Other Income (Deductions) decreased $11 million due primarily to an increase in donations, partially offset by higher NDT dividend income.”
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Revenue

+18.3% Big change FY to 2025-12-31 vs 2024-12-31

“Operating Revenues increased $1,109 million due to changes in delivery, clause, commodity and other operating revenues.”
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“Clause Revenues decreased $94 million due primarily to a $186 million decrease in Tax Adjustment Credits (TAC) and Green Program Recovery Charge (GPRC) deferrals, offset by $91 million in higher Societal Benefits Clause (SBC) collections.”
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Operating margin

22.9% → 24.5% (+1.6 pts) Big change FY to 2025-12-31 vs 2024-12-31

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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