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PSEG combines rate-regulated electric and gas operations with nuclear generation, producing a durable earnings base alongside exposure to generation-related and accounting volatility. Its multi-year results show a capital-intensive model in which investment often consumes most operating cash, leaving free cash flow around breakeven or negative.
The latest trailing cash results remained consistent with that profile: operating cash flow was close to capital spending, leaving free cash flow slightly negative and similar to the prior-year trailing period. The quarter-to-quarter movement does not by itself indicate a change in the underlying model.
Whether operating cash flow keeps pace with the regulated network investment program over subsequent reporting periods.
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 9B | 9.1B | 9.7B | 10.1B | 9.6B | 9.7B | 9.8B | 11.2B | 10.3B | 12.2B | |
| (7.4B) | (7.7B) | (7.4B) | (7.7B) | (7.5B) | (7.9B) | (8.3B) | (7.5B) | (7.9B) | (9.2B) | |
| — | — | — | — | (35m) | (28m) | (29m) | (18m) | (40m) | (43m) | |
| (1.5B) | (2B) | (1.2B) | (1.2B) | (1.3B) | (1.2B) | (1.1B) | (1.1B) | (1.2B) | (1.3B) | |
| (3B) | (2.9B) | (3B) | (3.1B) | (3.1B) | (3.2B) | (3.1B) | (3.1B) | (3.3B) | (3.7B) | |
| (2.9B) | (2.8B) | (3.2B) | (3.4B) | (3.1B) | (3.5B) | (4B) | (3.3B) | (3.4B) | (4.2B) | |
| 1.6B | 1.4B | 2.3B | 2.3B | 2.1B | 1.8B | 1.5B | 3.7B | 2.4B | 3B | |
| (315m) | (177m) | (534m) | (222m) | (266m) | (289m) | (807m) | (483m) | (641m) | (694m) | |
| 385m | 391m | 476m | 569m | 600m | 571m | 628m | 748m | 882m | 1B | |
| — | — | — | (402m) | 123m | (2.9B) | (123m) | (7m) | (6m) | — | |
| 15m | 16m | 91m | 229m | 297m | 354m | 428m | (121m) | 113m | 88m | |
| 1.3B | 1.3B | 1.9B | 2B | 2.3B | (1.1B) | 1B | 3.1B | 1.8B | 2.4B | |
| (411m) | (439m) | (417m) | (257m) | (396m) | 441m | 29m | (518m) | (53m) | (263m) | |
| 887m | 829m | 1.4B | 1.7B | 1.9B | (648m) | 1B | 2.6B | 1.8B | 2.1B | |
| 887m | 1.6B | 1.4B | 1.7B | 1.9B | (648m) | 1B | 2.6B | 1.8B | 2.1B | |
| 1.75 | 3.10 | 2.84 | 3.34 | 3.76 | (1.29) | 2.06 | 5.13 | 3.54 | 4.21 |
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Stock intrinsic value is the real worth of a company's stock, based on its financial health and performance.
Instead of looking at the stock's current market price, which can change due to people's opinions and emotions, intrinsic value helps us understand if a stock is truly a good deal or not.
By focusing on the company's actual financial strength, like its earnings and debts, we can make better decisions about which stocks to buy and when.
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