Filing Flows › Public Service Enterprise Group (PEG) › Q1 2025
Public Service Enterprise Group (PEG) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Public Service Enterprise Group (PEG) reported revenue of $3.2B for the first quarter 2025 (Q1 2025), +17% from a year earlier and +31% from the quarter before. Operating margin was 24.7%, net earnings $589M (18.3% of revenue).
Public Service Enterprise Group, Q1 2025: revenue $3.2B (+17% year over year), operating margin 24.7%, net earnings $589M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | +31% | +17% |
| Operating profit | $797M | +79% | +16% |
| Net earnings | $589M | +106% | +11% |
| Operating cash flow | $1.0B | +186% | +59% |
| Free cash flow | $421M | — | — |
What changed
Revenue was $3.2B in Q1 2025, up 17% year over year and up 31% from the previous quarter.
Operating profit was $0.80B, a 24.7% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, below the 25% margin then. Total costs grew 17% against revenue growth of 17%. The fastest-growing cost line was Cost of revenue (+19%). Net earnings were $0.59B, up 11% year over year. The effective tax rate was 4.5%.
Operating cash flow was $1.0B (up 59% year over year), 178% of net earnings. Working capital and other items added $0.46B. Capital expenditures of $0.63B left free cash flow of $0.42B.
Questions
What was Public Service Enterprise Group's revenue in the first quarter 2025?
Public Service Enterprise Group (PEG) reported revenue of $3.2B for the first quarter 2025 (Q1 2025), +17% from a year earlier and +31% from the quarter before.
Was Public Service Enterprise Group profitable in the first quarter 2025?
Operating profit was $797M (24.7% of revenue) and net earnings $589M.