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,
	2025				2024
	Basic		Diluted		Basic		Diluted
EPS Numerator (Millions):
Net Income	$	589	$	589	$	532	$	532
EPS Denominator (Millions):
Weighted Average Common Shares Outstanding		498		498		499		499
Effect of Stock Based Compensation Awards		—		2		—		1
Total Shares		498		500		499		500
EPS
Net Income	$	1.18	$	1.18	$	1.07	$	1.06

Dividends



	Three Months Ended
	March 31,
Dividend Payments on Common Stock	2025		2024
Per Share	$	0.63	$	0.60
In Millions	$	314	$	299

On April 22, 2025, PSEG’s Board of Directors approved a $0.63 per share common stock dividend for the second quarter of 2025.