Earnings Per Share (EPS) and Dividends

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Earnings Per Share (EPS) and Dividends

Note 16. Earnings Per Share (EPS) and Dividends

EPS

Basic EPS is calculated by dividing Net Income by the weighted average number of shares of common stock outstanding. Diluted EPS is calculated by dividing Net Income by the weighted average number of shares of common stock outstanding, plus dilutive potential shares related to PSEG’s stock based compensation. The following table shows the effect of these dilutive potential shares on the weighted average number of shares outstanding used in calculating diluted EPS:

	Three Months Ended September 30,								Nine Months Ended September 30,
	2024				2023				2024				2023
	Basic		Diluted		Basic		Diluted		Basic		Diluted		Basic		Diluted
EPS Numerator (Millions):
Net Income	$	520	$	520	$	139	$	139	$	1,486	$	1,486	$	2,017	$	2,017
EPS Denominator (Millions):
Weighted Average Common Shares Outstanding		498		498		498		498		498		498		497		497
Effect of Stock Based Compensation Awards		—		2		—		2		—		2		—		3
Total Shares		498		500		498		500		498		500		497		500
EPS
Net Income	$	1.04	$	1.04	$	0.28	$	0.27	$	2.98	$	2.97	$	4.06	$	4.03

Dividends

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Dividend Payments on Common Stock	2024		2023		2024		2023
Per Share	$	0.60	$	0.57	$	1.80	$	1.71
In Millions	$	299	$	284	$	897	$	853