PPL Corp

Latest Results (17.12.2024):

Reported Earnings

PPL Corp reported its GAAP earnings for the third quarter of 2024 at $0.29 per share. The ongoing earnings, which exclude special items, were reported at $0.42 per share. This reflects a slight decrease from the ongoing earnings of $0.43 per share in the third quarter of 2023.

Ongoing Earnings Forecast

PPL Corp has narrowed its ongoing earnings forecast range for 2024 to $1.67 - $1.73 per share, with an increased midpoint of $1.70 per share. This adjustment reflects a more focused outlook compared to the previous range of $1.63 - $1.75 per share.

Capital Expenditure and Savings

The company remains on track to execute its $3.1 billion capital expenditure plan for 2024, aimed at providing safe, reliable, and affordable energy. Additionally, PPL Corp is set to achieve a cumulative $120 - $130 million in annual operations and maintenance savings by the end of the year, compared to its 2021 baseline.

Long-term Financial Targets

PPL Corp has reaffirmed its long-term financial targets, which include a 6% - 8% annual growth in earnings per share and dividends through at least 2027. The company also plans a $14.3 billion capital investment through 2027 and aims for operations and maintenance savings of at least $175 million by 2026 from the 2021 baseline.

Segment Performance

In the third quarter of 2024, PPL Corp's ongoing earnings per share were distributed across its segments as follows: $0.24 from Kentucky Regulated, $0.19 from Pennsylvania Regulated, $0.04 from Rhode Island Regulated, and a loss of $0.05 from Corporate and Other. This distribution highlights the varied performance across its operational regions.