Public Service Enterprise Group 3Q Profit Rises as Data Center Energy Demand Surges

Dow Jones11-03

By Nicholas G. Miller

Public Service Enterprise Group reported higher third-quarter revenue and profit as data centers continue to drive up energy prices in New Jersey.

The New Jersey-based utility holding company reported net income of $622 million, or $1.24 a share, compared with $520 million, or $1.04 a share, the year prior.

Adjusted operating earnings were $1.13 a share. Analysts expected $1.02, according to FactSet.

Operating revenues rose to $3.23 billion, up from $2.64 billion the year before. Wall Street expected $2.72 billion.

The company narrowed its full-year adjusted operating earnings guidance to $4 to $4.06 a share, compared with its prior forecast of $3.94 to $4.06 a share. Wall Street sees $4.02 a share.

New Jersey has become a hub for AI data centers, which consume massive amounts of energy. That has contributed to surging energy prices in the state.

Chief Executive Ralph LaRossa said a growing imbalance between energy supply and demand caused summer electric bills to rise nearly 20%.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

November 03, 2025 07:49 ET (12:49 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/PEG\">Public Service Enterprise</a> Group reported higher third-quarter revenue and profit as data centers continue to drive up energy prices in <a href=\"https://laohu8.com/S/NJR\">New Jersey</a>. \n</p>\n<p>\n  The New Jersey-based utility holding company reported net income of $622 million, or $1.24 a share, compared with $520 million, or $1.04 a share, the year prior. \n</p>\n<p>\n  Adjusted operating earnings were $1.13 a share. Analysts expected $1.02, according to FactSet. \n</p>\n<p>\n  Operating revenues rose to $3.23 billion, up from $2.64 billion the year before. Wall Street expected $2.72 billion. \n</p>\n<p>\n  The company narrowed its full-year adjusted operating earnings guidance to $4 to $4.06 a share, compared with its prior forecast of $3.94 to $4.06 a share. 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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/PEG\">Public Service Enterprise</a> Group reported higher third-quarter revenue and profit as data centers continue to drive up energy prices in <a href=\"https://laohu8.com/S/NJR\">New Jersey</a>. \n</p>\n<p>\n  The New Jersey-based utility holding company reported net income of $622 million, or $1.24 a share, compared with $520 million, or $1.04 a share, the year prior. \n</p>\n<p>\n  Adjusted operating earnings were $1.13 a share. Analysts expected $1.02, according to FactSet. \n</p>\n<p>\n  Operating revenues rose to $3.23 billion, up from $2.64 billion the year before. Wall Street expected $2.72 billion. \n</p>\n<p>\n  The company narrowed its full-year adjusted operating earnings guidance to $4 to $4.06 a share, compared with its prior forecast of $3.94 to $4.06 a share. 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Miller \n\n\n \n\n\nPublic Service Enterprise Group reported higher third-quarter revenue and profit as data centers continue to drive up energy prices in New Jersey. \n\n\n  The New Jersey-based utility holding company reported net income of $622 million, or $1.24 a share, compared with $520 million, or $1.04 a share, the year prior. \n\n\n  Adjusted operating earnings were $1.13 a share. Analysts expected $1.02, according to FactSet. \n\n\n  Operating revenues rose to $3.23 billion, up from $2.64 billion the year before. Wall Street expected $2.72 billion. \n\n\n  The company narrowed its full-year adjusted operating earnings guidance to $4 to $4.06 a share, compared with its prior forecast of $3.94 to $4.06 a share. Wall Street sees $4.02 a share. \n\n\n  New Jersey has become a hub for AI data centers, which consume massive amounts of energy. That has contributed to surging energy prices in the state. \n\n\n  Chief Executive Ralph LaRossa said a growing imbalance between energy supply and demand caused summer electric bills to rise nearly 20%. \n\n\n \n\n\n  Write to Nicholas G. 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