Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
PEGPublic Service Enterprise Group Inc
The four financial statements
Every company that sells shares in the US files four statements with the SEC. Together they show whether Public Service Enterprise Group made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Public Service Enterprise Group filed it, with what each one means in plain English.
As filed with the SEC on Feb 26, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Did it make money?
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
- People usually check: Are sales growing compared with a year earlier?
- People usually check: How much of each dollar of sales is left at each step (the margins)?
- People usually check: Is profit growing faster or slower than sales?
Point at or tap a bar to see the lines inside it.
Out of every $100 of sales
- costs of running the business: $76
- other income and costs: $5
- income tax: $2
- kept as profit: $17.3
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| $12.2B▲ 18% | $10.3B | $11.2B | |
| OPERATING EXPENSES | |||
| $4.2B▲ 23% | $3.4B | $3.3B | |
| $3.8B▲ 12% | $3.4B | $3.2B | |
| $1.3B▲ 6.3% | $1.2B | $1.1B | |
| $9.2B▲ 16% | $7.9B | $7.6B | |
| $3.0B▲ 27% | $2.4B | $3.7B | |
| $189.0M▲ 49% | $127.0M | $189.0M | |
| $145.0M▼ 5.8% | $154.0M | $173.0M | |
| $65.0M▼ 11% | $73.0M | −$218.0M | |
| −$1.0B▼ 14% | −$882.0M | −$748.0M | |
| $2.4B▲ 30% | $1.8B | $3.1B | |
| −$263.0M▼ 396% | −$53.0M | −$518.0M | |
| $2.1B▲ 19% | $1.8B | $2.6B | |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | |||
| 499.0M shares▲ 0.2% | 498.0M shares | 498.0M shares | |
| 501.0M shares▲ 0.2% | 500.0M shares | 500.0M shares | |
| NET INCOME PER SHARE | |||
| $4.23▲ 19% | $3.56 | $5.15 | |
| $4.22▲ 19% | $3.54 | $5.13 | |
Split by Public Service Electric and Gas Company
| Public Service Electric and Gas Company | |||
|---|---|---|---|
| Sales (OPERATING REVENUES) | $9.6B | $8.4B | $7.8B |
| Wear and tear (depreciation and amortization) (Energy Costs) | $3.8B | $3.2B | $3.0B |
| Other item (Operation and Maintenance) | $2.3B | $1.9B | $1.8B |
| Wear and tear (depreciation and amortization) (Depreciation and Amortization) | $1.1B | $1.0B | $980.0M |
| Total costs (Total Operating Expenses) | $7.2B | $6.2B | $5.8B |
| Profit from the main business (operating income) (OPERATING INCOME) | $2.4B | $2.3B | $2.0B |
| Other income and costs (Net Other Income (Deductions)) | $64.0M | $64.0M | $80.0M |
| Pensions (Net Non-Operating Pension and Other Postretirement Benefit (OPEB) (Costs) Credits) | $70.0M | $77.0M | $114.0M |
| Interest paid on debt (Interest Expense) | −$644.0M | −$582.0M | −$493.0M |
| Profit before tax (INCOME BEFORE INCOME TAXES) | $1.9B | $1.8B | $1.7B |
| Income tax (Income Tax Expense) | −$152.0M | −$298.0M | −$160.0M |
| Profit (net income) (NET INCOME) | $1.7B | $1.5B | $1.5B |
Every line as the company filed it (USD ($), shares in Millions, $ in Millions), shown in full dollars. See this statement on SEC.
Extra: What other gains and losses were there?Statement of comprehensive income: Profit, plus gains and losses that skip the income statement.
Some value changes don't count as profit yet: currency moves on businesses abroad, rises or falls in investments it hasn't sold, and some hedges and pension changes. They are added to profit here to give comprehensive income, and they build up in shareholders' equity.
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| $2.1B | $1.8B | $2.6B | |
| Other Comprehensive Income (Loss), net of tax | |||
| $34.0M | −$13.0M | $41.0M | |
| −$12.0M | $33.0M | $6.0M | |
| $20.0M | $26.0M | $324.0M | |
| $42.0M | $46.0M | $371.0M | |
| $2.2B | $1.8B | $2.9B | |
Split by Public Service Electric and Gas Company
| Public Service Electric and Gas Company | |||
|---|---|---|---|
| Profit (net income) (NET INCOME) | $1.7B | $1.5B | $1.5B |
| Value changes on investments not yet sold (Unrealized Gains (Losses) on Available-for-Sale Securities, net of tax (expense) benefit) | $1.0M | $0 | $1.0M |
| Other gains and losses not in profit (other comprehensive income) (Other Comprehensive Income (Loss), net of tax) | $1.0M | – | $1.0M |
| Partners' share (non-controlling interest) (COMPREHENSIVE INCOME) | $1.7B | $1.5B | $1.5B |