PPL Q1 2021 Earnings Report
Key Takeaways
PPL Corporation reported a first-quarter net loss of $1.84 billion, or $2.39 per share, but achieved earnings from ongoing operations of $219 million, or $0.28 per share. The net loss was primarily due to a net loss from discontinued operations associated with the U.K. utility business. The company is on track to close the sale of WPD by the end of July and expects to close the Narragansett Electric acquisition by March of next year.
Reported net loss (GAAP) of $2.39 per share, reflecting a $2.65 per share net loss from discontinued operations.
Achieved earnings from ongoing operations of $0.28 per share.
Advanced strategic repositioning of company; transactions remain on track to close.
On track to close the WPD sale by the end of July and expects to close the Narragansett Electric acquisition by March of next year.
PPL
PPL
Forward Guidance
PPL is on track to close the WPD sale by the end of July and expects to close the Narragansett Electric acquisition by March of next year.