Direct Answer
Public Service Enterprise Group reports revenue across 2 business segments in its fiscal 2025 Form 10-K. Public Service Electric and Gas Company is the largest, with $9.6 billion of revenue (79% of the total), followed by PSEG Power Other at $3.7 billion (31%).
How Does Public Service Enterprise Group Make Money?
Public Service Electric and Gas Company supplies 79% of revenue, so Public Service Enterprise Group's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, PSEG Power Other grew fastest (+32.6%) and Public Service Electric and Gas Company slowest (+13.1%), so the revenue mix tilts toward PSEG Power Other while that gap lasts.
| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Public Service Electric and Gas Company | $9.6 billion | $8.4 billion | 78.6% | 13.1% |
| PSEG Power Other | $3.7 billion | $2.8 billion | 30.6% | 32.6% |
What the Segment Figures Do Not Show
The rows above add up to 109% of Public Service Enterprise Group's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value Public Service Enterprise Group reported in the segment note and revenue disclosures of its Form 10-K filed February 26, 2026 (accession 0001193125-26-077446), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are Public Service Enterprise Group's business segments?
In its fiscal 2025 Form 10-K, Public Service Enterprise Group reports revenue for Public Service Electric and Gas Company and PSEG Power Other.
Which part of Public Service Enterprise Group brings in the most revenue?
Public Service Electric and Gas Company, with $9.6 billion of revenue in fiscal 2025, or 79% of the total.
Where does Public Service Enterprise Group report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed February 26, 2026, alongside management's discussion of each segment's results.