Public Service Enterprise Group Incorporated (NYSE:PEG) Q2 2024 Earnings Conference Call July 30, 2024 11:00 AM ET
Company Participants
Carlotta Chan - Investor Relations
Ralph LaRossa - Chair, President and Chief Executive Officer
Dan Cregg - Executive Vice President and Chief Financial Officer
Conference Call Participants
Julien Dumoulin-Smith - Jefferies
Shar Pourreza - Guggenheim
Michael Sullivan - Wolfe Research
Nick Campanella - Barclays
Jeremy Tonet - JP Morgan
David Arcaro - Morgan Stanley
Carly Davenport - Goldman Sachs
Ryan Levine - Citi
Andrew Weisel - Scotiabank
Anthony Crowdell - Mizuho Securities
Bill Appicelli - UBS
Operator
Ladies and gentlemen, thank you for standing by. My name is Rob and I'm your event operator today. I'd like to welcome everyone to today's conference, Public Service Enterprise Group's Second Quarter 2024 Earnings Conference Call and Webcast. At this time, all participants are in listen-only mode. Later, we'll conduct a question-and-answer session for members of the financial community. [Operator Instructions]
As a reminder, this conference is being recorded today, July 30th, 2024 and will be available for replay as an audio webcast on PSEG's investor relations website at https:\\investor.pseg.com. I would now like to turn the conference over to Carlotta Chan. Carlotta, please go ahead.
Carlotta Chan
Good morning, and welcome to PSEG's second quarter 2024 earnings presentation. On today's call are Ralph LaRossa, Chair, President and CEO; and Dan Cregg, Executive Vice President and CFO. The press release, attachments and slides for today's discussion are posted on our IR website at investor.pseg.com and our 10-Q will be filed later today.
PSEG's earnings release and other matters discussed during today's call contain forward-looking statements and estimates that are subject to various risks and uncertainties. We will also discuss non-GAAP operating earnings, which differs from net income as reported in accordance with Generally Accepted Accounting Principles or GAAP in the United States.
We include reconciliations of our non-GAAP financial measures and a disclaimer regarding forward-looking statements on our IR website and in today's material. Following the prepared remarks, we will conduct a 30 minute question-and-answer session.
I will now turn the call over to Ralph LaRossa.
Ralph LaRossa
Thank you, Carlotta. Good morning to everyone and thanks for joining us to review PSEG's second quarter results. PSEG reported net income of $0.87 per share for the second quarter of 2024, bringing results for the first half of 2024 to $1.93 per share.
This compares to net income of $1.18 per share and $3.76 per share for the second quarter and first half of 2023, respectively. The 2023 GAAP earnings have reflected higher mark-to-market gains that benefited those earnings. Our results for the quarter and year-to-date periods are summarized on Slides 7 and 9 in the webcast slides.