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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.
PPL
PPL
PPL Revenue by Segment
Revenue by Segment
Kentucky Regulated Revenue
CapyFin.comPennsylvania Regulated Revenue
CapyFin.com 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