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Earnings Per Share (EPS) and Dividends | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Share (EPS) and Dividends | 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 March 31, |
|  |  |  |  |  | 2024 |  | 2023 |
|  |  |  |  |  |  |  |  |  | Basic |  | Diluted |  | Basic |  | Diluted |
| EPS Numerator (Millions): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income |  |  |  |  |  |  |  |  | $ | 532 |  |  | $ | 532 |  |  | $ | 1,287 |  |  | $ | 1,287 |  |
| EPS Denominator (Millions): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Weighted Average Common Shares Outstanding |  |  |  |  |  |  |  |  | 499 |  |  | 499 |  |  | 497 |  |  | 497 |  |
| Effect of Stock Based Compensation Awards |  |  |  |  |  |  |  |  | — |  |  | 1 |  |  | — |  |  | 3 |  |
| Total Shares |  |  |  |  |  |  |  |  | 499 |  |  | 500 |  |  | 497 |  |  | 500 |  |
| EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income |  |  |  |  |  |  |  |  | $ | 1.07 |  |  | $ | 1.06 |  |  | $ | 2.59 |  |  | $ | 2.58 |  |
Dividends
|  |  |  | Three Months Ended |
|  |  |  | March 31, |
| Dividend Payments on Common Stock |  |  |  |  | 2024 |  | 2023 |
| Per Share |  |  |  |  | $ | 0.60 |  |  | $ | 0.57 |  |
| In Millions |  |  |  |  | $ | 299 |  |  | $ | 284 |  |
On April 16, 2024, PSEG’s Board of Directors approved a $0.60 per share common stock dividend for the second quarter of 2024.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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