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Mar 31, 2023

PPL Q1 2023 Earnings Report

Reported first-quarter earnings and reaffirmed 2023 ongoing earnings forecast.

Key Takeaways

PPL Corporation reported GAAP earnings of $0.39 per share and non-GAAP earnings of $0.48 per share, surpassing the previous year's figures. The company reaffirmed its 2023 ongoing earnings forecast of $1.50 to $1.65 per share and remains on track with its infrastructure investment plans.

Reported earnings (GAAP) per share of $0.39 for the first quarter of 2023.

Ongoing earnings per share reached $0.48 in Q1 2023, compared to $0.41 in 2022.

Reaffirmed 2023 ongoing earnings forecast of $1.50 to $1.65 per share.

Projected annual earnings per share and dividend growth of 6% to 8% through at least 2026 remains on track.

Total Revenue
$2.42B
Previous year: $1.78B
+35.5%
EPS
$0.48
Previous year: $0.41
+17.1%
Gross Profit
$921M
Previous year: $785M
+17.3%
Cash and Equivalents
$460M
Previous year: $4.25B
-89.2%
Free Cash Flow
-$69M
Previous year: $75M
-192.0%
Total Assets
$38.3B
Previous year: $34.1B
+12.3%

PPL

PPL

Forward Guidance

PPL's 2023 earnings from ongoing operations forecast range is $1.50 to $1.65, with a midpoint of $1.58 per share.