Public Service Enterprise Group Inc. PEG or PSEG reported second-quarter 2017 adjusted operating earnings of 62 cents per share, which exceeded the Zacks Consensus Estimate of 57 cents by 8.8%. Earnings also improved 8.8% on a year-over-year basis.Excluding one–time adjustments, the company reported quarterly earnings of 22 cents per share compared with 37 cents in the second-quarter 2016.Total RevenueRevenues of $2,133 million in the quarter missed the Zacks Consensus Estimate of $2,333 million by 8.6%. However, the figure increased 12% from the year-ago figure of $1,905 million.During the reported quarter, electric sales volume declined 0.8% to 9,583 million kilowatt-hours. But gas sales volume declined 18.1% to 692 million therms.For electric sales, results reflected a 0.8% drop in the commercial and industrial sector, 0.6% decline in residential sector, 9.2% fall in street lighting and 2.3% drop in interdepartmental sector.Total gas sales volume in the reported quarter declined on 24.5% drop in non-firm sales volume of gas and 9.8% decline in firm sales volume of gas.Highlights of the ReleaseDuring the second quarter, the company incurred operating income of $374 million down from $1,174 million in the year-ago quarter. Total operating expenses were $4,351 million, up 30% from the year-ago quarter figure.Interest expenses in the reported quarter were $189 million, in-line with the year-ago level.Segment PerformancePSE&G: Segment earnings were $507 million, up from $441 million in the prior-year quarter. Quarterly results reflect the continuing successful execution of its growth initiatives and control of operating expenses as well as the benefits of its expanded investment program.PSEG Power: The segment suffered a loss of $267 million against earnings of $275 million a year ago. The downside was due to the impact of incremental depreciation and other expenses of $387 million, pre-tax, associated with the decision to retire the Hudson and Mercer coal/gas-fired generating stations announced on Jun 1, 2017.PSEG Enterprise/Other: The segment incurred net loss of $17 million as against operating earnings of $36 million in the second quarter of 2016.Public Service Enterprise Group Incorporated Price, Consensus and EPS Surprise Public Service Enterprise Group Incorporated Price, Consensus and EPS Surprise | Public Service Enterprise Group Incorporated QuoteFinancial UpdateAs of Jun 30, cash and cash equivalents were $430 million compared with $423 million as of Dec 31, 2016.Long-term debt as of Jun 30 was $12,521 million, up from the 2016-end level of $11,395 million.Public Service Enterprise Group generated $1,756 million in cash from operations in the first half of the year, up from the year-ago figure of $1,722.2017 GuidanceThe company maintained its 2017 guidance. Earnings are still projected in the range of $2.80–$3.00.PSE&G’s operating earnings are still expected in the band of $945–$985 million. The company also reiterates PSEG Power operating earnings guidance at the $435–$510 million range.PSEG Enterprise/Other’s operating earnings expectations are reaffirmed at $35 million.Other Utility ReleasesDTE Energy Company DTE reported second-quarter 2017 operating earnings per share (EPS) of $1.07, which surpassed the Zacks Consensus Estimate of 97 cents by 10.3%. Operating earnings also grew 9.2% from the year-ago figure of 98 cents.NextEra Energy, Inc. NEE reported second-quarter 2017 adjusted earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.76 by 5.7%. Reported earnings were also up by 11.4% year over year.WEC Energy Group WEC reported second-quarter 2017 adjusted earnings of 63 cents per share, surpassing the Zacks Consensus Estimate of 59 cents by 6.8% and the year-ago figure of 57 cents by 10.5%.Zacks RankPublic Service Enterprise Group currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Hottest Tech Mega-Trend of AllLast year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WEC Energy Group, Inc. (WEC): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report DTE Energy Company (DTE): Free Stock Analysis Report Public Service Enterprise Group Incorporated (PEG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research