PSEG backs FY23 adjusted EPS view $3.40-$3.50, consensus $3.45

“PSEG’s year-to-date financial results are on track, enabling us to re-affirm our full-year, 2023 non-GAAP Operating Earnings guidance of $3.40 to $3.50 per share,” said Ralph LaRossa, PSEG’s chair, president and CEO. “As anticipated, growth in regulated operations, the realization of higher average hedged prices and effective cost controls across the business are offsetting the known headwinds of higher interest rates and lower pension income. Electric and natural gas infrastructure, reliability and clean energy investments drive PSE&G’s full-year 2023 capital spending budget of $3.5 billion – supporting both our rate base growth trajectory of 6% to 7.5% through 2027 – and our long-term, non-GAAP Operating Earnings growth rate of 5% to 7% over the same period.”