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Mar 31, 2024

PPL Q1 2024 Earnings Report

PPL Corporation reported first-quarter earnings with GAAP EPS of $0.42 and non-GAAP EPS of $0.54, reaffirming its 2024 ongoing earnings forecast.

Key Takeaways

PPL Corporation announced first-quarter 2024 reported earnings of $307 million, or $0.42 per share. Earnings from ongoing operations (non-GAAP) were $402 million, or $0.54 per share. The company reaffirmed its 2024 ongoing earnings forecast range of $1.63 to $1.75 per share.

Reported earnings (GAAP) per share of $0.42 in Q1 2024.

Ongoing earnings per share of $0.54 in Q1 2024, a 12.5% increase from $0.48 in 2023.

Reaffirmed 2024 ongoing earnings forecast range of $1.63 to $1.75 per share.

Reaffirmed projected annual earnings per share and dividend growth of 6% to 8% through at least 2027.

Total Revenue
$2.3B
Previous year: $2.42B
-4.6%
EPS
$0.54
Previous year: $0.48
+12.5%
Gross Profit
$649M
Previous year: $921M
-29.5%
Cash and Equivalents
$276M
Previous year: $460M
-40.0%
Free Cash Flow
-$314M
Previous year: -$69M
+355.1%
Total Assets
$39.6B
Previous year: $38.3B
+3.5%

PPL

PPL

PPL Revenue by Segment

Forward Guidance

PPL's 2024 earnings from ongoing operations forecast range is $1.63 to $1.75 per share, with a midpoint of $1.69 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income