Strong Revenue Growth
PEG's revenue grew 18.3% year-over-year from $10.29B to $12.17B in FY2025, reflecting meaningful expansion in the company's core utility operations and rate base growth.
Source: 10-K Income Statement, Financial Data
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
PEG delivered strong FY2025 results with revenue surging 18.3% to $12.17B and net income rising 19.1% to $2.11B, driven by robust operating cash flow growth of 54.6% to $3.30B.
Revenue
$12.17B
+18.25% YoY
EPS (Diluted)
$4.22
+19.21% YoY
Operating Income
$2.98B
+26.65% YoY
Source: SEC XBRL
PEG reported FY2025 revenue of $12.17B, up 18.3% year over year. Operating margin was 24.5%, up 1.6 points from 22.9% a year earlier. Operating cash flow was $3.3B, up 54.6% year over year.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.86 | 0.81 | Beat +6.5% |
| Mar 2026 | 1.55 | 1.45 | Beat +6.9% |
| Dec 2025This filing | 0.72 | 0.72 | Beat +0.3% |
| Sep 2025 | 1.13 | 1.03 | Beat +10.1% |
Reported EPS of $0.72 versus the $0.72 analyst consensus — a +0.3% beat for Dec 2025.
Compiled by AI from this SEC filing
PEG's revenue grew 18.3% year-over-year from $10.29B to $12.17B in FY2025, reflecting meaningful expansion in the company's core utility operations and rate base growth.
Source: 10-K Income Statement, Financial Data
Operating margin improved by approximately 1.6 percentage points to 24.5% in FY2025 (from 22.9% in the prior year), as operating income grew 26.6% to $2.98B — outpacing revenue growth and signaling improving operational efficiency.
Source: 10-K Income Statement & Key Ratios, Financial Data
Operating cash flow jumped 54.6% to $3.30B in FY2025 from $2.13B in the prior year, significantly strengthening the company's ability to fund capital expenditures and service its long-term debt obligations.
Source: 10-K Cash Flow Statement, Financial Data
Current liabilities declined 11.8% to $5.74B while current assets rose 8.5% to $4.60B, improving the current ratio from approximately 0.65 to 0.80, though it remains below 1.0, indicating the company still relies on operating cash flows and financing to meet near-term obligations.
Source: 10-K Balance Sheet, Financial Data
Investing cash outflows remained essentially flat at -$3.31B in FY2025 versus -$3.31B in the prior year, consistent with a regulated utility's ongoing infrastructure investment cycle, while long-term debt increased 6.8% to $22.55B to help fund these capital expenditures.
Source: 10-K Cash Flow & Balance Sheet, Financial Data
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
PEG carries $22.55B in long-term debt as of FY2025, up 6.8% year-over-year, representing a significant financial obligation relative to its asset base. With a current ratio below 1.0 (0.80), the company depends on continued strong operating cash flows and capital market access to meet obligations. Rising interest rates could materially increase borrowing costs on refinanced or new debt.
Source: 10-K Balance Sheet & Key Ratios, Financial Data
As a regulated utility, PEG's revenue and profitability are subject to approval by state and federal regulators. Adverse rate case outcomes or delays in recovering capital investments through rates could compress margins and slow earnings growth. The company's ability to sustain its 18.3% revenue growth depends heavily on constructive regulatory decisions.
Source: 10-K Income Statement, Financial Data
PEG invested approximately $3.31B in capital expenditures in FY2025, consistent with the prior year, reflecting the capital-intensive nature of utility infrastructure. Sustained high capex requires ongoing access to debt and equity markets, and any disruption in capital availability could impair growth plans.
Source: 10-K Cash Flow Statement, Financial Data
Cash and equivalents stood at only $132M at year-end FY2025, a modest 5.6% increase from $125M. Given the scale of the company's operations and debt load, this thin cash cushion increases reliance on credit facilities and operating cash generation to manage liquidity.
Source: 10-K Balance Sheet, Financial Data
Financing cash flows collapsed 99.0% to just $12M in FY2025 from $1.23B in the prior year, suggesting significantly reduced net new borrowing or equity issuance activity. If capital needs increase or operating cash flows weaken, the company may need to return to capital markets on potentially less favorable terms.
Source: 10-K Cash Flow Statement, Financial Data
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 12.17 $B | 10.29 $B | +18.25% |
Operating Income $B | 2.98 $B | 2.35 $B | +26.65% |
Net Income $B | 2.11 $B | 1.77 $B | +19.13% |
EPS (Basic) $ | 4.23 $ | 3.56 $ | +18.82% |
EPS (Diluted) $ | 4.22 $ | 3.54 $ | +19.21% |
Answers draw on this SEC filing and the data on this page
PEG's Q2 FY2026 earnings declined sharply due to rising operating expenses, though operating cash flow improved and regulatory developments created a mixed outlook.
PEG delivered strong Q1 FY2026 results with revenue surging 19.4% year-over-year to $3.85B and net income rising 25.8% to $741M, driven by robust operating performance and expanding margins.
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