Edwyn
Over the five-year period, Public Service Enterprise Group’s revenue remained relatively stable with modest growth from US$9,603 million in 2020 to US$9,722 million in 2021, before gradually increasing to US$11,237 million in 2023 and then declining to US$10,290 million in 2024. The company’s gross profit and operating income, however, experienced significant volatility. In 2020, gross profit was strong at US$6,547 million, but in 2021 it plunged to –US$856 million—a swing exceeding 100%—indicating major disruptions or nonrecurring issues that impacted core profitability. Fortunately, by 2022, gross profit recovered to US$1,381 million and continued its upward trajectory in 2023 with a notable increase to US$3,685 million, before moderating to US$2,353 million in 2024. Net income follows a similar trend; after a healthy US$1,905 million in 2020, it fell to –US$648 million in 2021 and then rebounded to US$1,031 million in 2022. This recovery continued with net income reaching US$2,563 million in 2023, though it declined to US$1,772 million in 2024. The marked negative performance in 2021 suggests potential operational challenges or market disruptions during that year, while the strong recovery through 2022 and 2023 indicates a resilient turnaround in the company’s core operations. Despite the slight revenue and profit contraction in 2024, Public Service Enterprise Group appears to have regained operational momentum, supporting a generally steady financial platform within the competitive and regulation-intensive utility sector.
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.