Printer Friendly

PUBLIC SERVICE ENTERPRISE GROUP REVISES JANUARY 1993 EARNINGS TO 36 CENTS PER SHARE OF COMMON STOCK

 NEWARK, N.J., Feb. 25 /PRNewswire/ -- Public Service Enterprise Group Incorporated (NYSE: PEG) announced today that it has revised consolidated earnings for January 1993, to $85.2 million or 36 cents per share of common stock, based on 235.4 million average shares outstanding. Enterprise originally reported consolidated earnings of $92.2 million or 39 cents per share.
 Enterprise said the revision stemmed from an increase in natural gas expenses following the discovery of a computational error which underreported gas sendout costs for the month of January.
 The revised consolidated earnings for the 12 month-period ended January 1993, are $537.1 million or $2.30 per share of common stock, based on 233.0 million average shares outstanding. Enterprise originally reported consolidated earnings for the 12-month period of $544.1 million or $2.33 per share.
 By way of comparison, consolidated results for January 1992, were $52.2 million or 23 cents per share of common stock, based on 226.7 million average shares outstanding. Consolidated results for the 12-month period ended January 1992, were $528.9 million or $2.36 per share, based on 224.3 million average shares outstanding.
 -0- 2/25/93
 /CONTACT: Neil Brown, corporate communications of Public Service Enterprise Group, 201-430-6017/
 (PEG)


CO: Public Service Enterprise Group ST: New Jersey IN: UTI SU: ERN

TS-PS -- NY011 -- 0243 02/25/93 08:51 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 25, 1993
Words:228
Previous Article:DUKE POWER CO. TO REDEEM TWO SERIES OF BONDS
Next Article:WASHINGTON MUTUAL RECEIVES APPROVAL FOR PACIFIC FIRST ACQUISITION AND PLANS TO COMPLETE PIONEER BANK MERGER
Topics:


Related Articles
SOUTHERN COMPANY ANNOUNCES EARNINGS
PUBLIC SERVICE ENTERPRISE GROUP REPORTS EARNINGS
PUBLIC SERVICE ENTERPRISE GROUP REPORTS RESULTS
SOUTHERN COMPANY ANNOUNCES JANUARY EARNINGS
FLORIDA PROGRESS CORPORATION REPORTS 14.3 PERCENT INCREASE IN FIRST QUARTER EARNINGS
PUBLIC SERVICE ENTERPRISE GROUP ANNOUNCES FIRST QUARTER, 1993 EARNINGS: 91 CENTS PER SHARE OF COMMON STOCK
IPALCO ENTERPRISES, INC., REPORTS FINANCIAL RESULTS FOR SECOND QUARTER 1993
PEI REPORTS 2ND QUARTER EARNINGS
PUBLIC SERVICE ENTERPRISE GROUP REPORTS 1994 EARNINGS OF $2.78 PER SHARE OF COMMON STOCK
FIRST AND FINAL ADD -- NY078 -- PUBLIC SERVICE ENTERPRISE GROUP

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters