Earnings Per Share (EPS) and Dividends

9 Months Ended

Sep. 30, 2023

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,
	2023				2022				2023				2022
	Basic		Diluted		Basic		Diluted		Basic		Diluted		Basic		Diluted
EPS Numerator (Millions):
Net Income	$	139	$	139	$	114	$	114	$	2,017	$	2,017	$	243	$	243
EPS Denominator (Millions):
Weighted Average Common Shares Outstanding	498		498		497		497		497		497		498		498
Effect of Stock Based Compensation Awards	—		2		—		3		—		3		—		3
Total Shares	498		500		497		500		497		500		498		501

EPS
Net Income	$	0.28	$	0.27	$	0.23	$	0.22	$	4.06	$	4.03	$	0.49	$	0.48

Dividends



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Dividend Payments on Common Stock	2023		2022		2023		2022
Per Share	$	0.57	$	0.54	$	1.71	$	1.62
In Millions	$	284	$	269	$	853	$	810