Filing Flows › Public Service Enterprise Group (PEG) › Q3 2025
Public Service Enterprise Group (PEG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Public Service Enterprise Group (PEG) reported revenue of $3.2B for the third quarter 2025 (Q3 2025), +22% from a year earlier and +15% from the quarter before. Operating margin was 26.5%, net earnings $622M (19.3% of revenue).
Public Service Enterprise Group, Q3 2025: revenue $3.2B (+22% year over year), operating margin 26.5%, net earnings $622M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | +15% | +22% |
| Operating profit | $855M | +5% | +33% |
| Net earnings | $622M | +6% | +20% |
| Operating cash flow | $1.1B | +120% | +69% |
| Free cash flow | $322M | — | — |
What changed
Revenue was $3.2B in Q3 2025, up 22% year over year and up 15% from the previous quarter.
Operating profit was $0.85B, a 26.5% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 37% reached operating profit, above the 24% margin then. Total costs grew 18% against revenue growth of 22%. The fastest-growing cost line was Cost of revenue (+26%). Net earnings were $0.62B, up 20% year over year. The effective tax rate was 13.6%.
Operating cash flow was $1.1B (up 69% year over year), 169% of net earnings. Working capital and other items added $0.43B. Capital expenditures of $0.73B left free cash flow of $0.32B.
Questions
What was Public Service Enterprise Group's revenue in the third quarter 2025?
Public Service Enterprise Group (PEG) reported revenue of $3.2B for the third quarter 2025 (Q3 2025), +22% from a year earlier and +15% from the quarter before.
Was Public Service Enterprise Group profitable in the third quarter 2025?
Operating profit was $855M (26.5% of revenue) and net earnings $622M.