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Statement
Assets, liabilities and equity aligned across the annual filing history, in USD millions.
Assets
+5.4% YoYReported for FY 2025
Liabilities
+5.4% YoYReported for FY 2025
Equity
+5.4% YoYReported for FY 2025
Equity mix
+0.0 ppEquity share of the capital base
Table view
Balance sheet, reported dollar amounts — FY 2025
Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Commentary
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated Jun 6, 2026. The filing-backed figures above are the current source of truth.
PUBLIC SERVICE ENTERPRISE GROUP INC showed a steady expansion in its balance sheet over the five-year period, with total assets rising from $48.999 billion in 2021 to $57.576 billion in 2025, a gain of about 17.5%. The growth was strongest from 2022 onward, particularly in 2023–2025, suggesting continued investment in regulated utility infrastructure and related assets. This pattern is broadly consistent with the capital-intensive nature of the utility sector, where asset growth often reflects ongoing rate-base investment and system modernization. Total liabilities also increased materially, from $34.561 billion in 2021 to $40.594 billion in 2025, up about 17.5%, indicating that a meaningful portion of asset growth was financed with debt and other obligations. Stockholders’ equity rose from $14.438 billion to $16.982 billion over the same period, though the path was less smooth: equity dipped in 2022 before recovering in 2023–2025. Overall, the company appears to have maintained a relatively stable capital structure while modestly strengthening equity, with the biggest shift being the step-up in 2023 and continued balance-sheet growth thereafter.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.