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Mar 31, 2020
PPL Q1 2020 Earnings Report
Reported earnings and earnings from ongoing operations were announced.
Key Takeaways
PPL Corporation reported first-quarter GAAP earnings of $554 million, or $0.72 per share, compared to $466 million, or $0.64 per share, in the first quarter of 2019. Non-GAAP earnings were $514 million, or $0.67 per share, compared to $508 million, or $0.70 per share, a year ago.
Announced first-quarter reported earnings of $0.72 per share and earnings from ongoing operations of $0.67 per share.
Is well-positioned to manage challenges of COVID-19 and to continue to deliver electricity and gas safely and reliably to customers.
Has not changed 2020 earnings forecast range of $2.40 to $2.60 per share; will discuss financial risks and sensitivities related to COVID-19 during first-quarter earnings webcast.
Pledged more than $1.6 million in donations to coronavirus relief funds and programs that help customers with financial hardships.
Revenue by Segment
Forward Guidance
PPL has not changed its 2020 earnings forecast range of $2.40 to $2.60 per share and maintained its 2021 guidance range of $2.40 to $2.60 per share.
Positive Outlook
- Strong liquidity profile
- Manageable near-term debt maturities
- Confidence in its ability to refinance debt when needed
- Flexible capital plan with no major project risks
- No material equity needs through 2021
Challenges Ahead
- Pandemic's full scope
- Pandemic's duration
- Economic impact
- Weather conditions affecting customer energy usage
- Operating costs
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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