Public Service Enterprise Group

Halal Rating :
Uncomfortable
Last Price $83.9
Market Cap $52.75b
1D Change

-0.98 %

1 Year Change

30.56 %

Next Earnings Date

Yet to be announced

Company Overview

Public Service Enterprise Group Incorporated operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers. As of December 31, 2021, it had electric transmission and distribution system of 25,000 circuit miles.

Revenue Sources

Pass

Based on analysis of the company's revenue sources from their SEC filings, PEG generates its revenue primarily from utility services - electricity and natural gas distribution and generation. These core business activities are halal as they provide essential services and involve the exchange of real products and services.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $2.64b $2.23b - $227.0m 0.00% 10.19%
June 30, 2024 $2.42b $2.06b - $218.0m 0.00% 10.59%
March 31, 2024 $2.76b $2.28b - $205.0m 0.00% 8.99%
Dec. 31, 2023 $2.6b $2.11b - $198.0m 0.00% 9.38%

Interest expense ratios for the past four quarters range from 8.6% to 10.2% of total expenses. This level of interest expense in proportion to total expenses indicates that interest plays a material role in the company's operations, exceeding acceptable thresholds for halal compliance.

Operational Ethics

Pass

Based on review of company documents and public information, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.

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