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Jun 30, 2022

PPL Q2 2022 Earnings Report

PPL's second-quarter earnings were reported, demonstrating an increase compared to the previous year, and the 2022 ongoing earnings forecast range was reaffirmed.

Key Takeaways

PPL Corporation reported second-quarter 2022 GAAP earnings of $0.16 per share, compared to $0.03 per share in Q2 2021. The company's ongoing earnings per share for Q2 2022 were $0.30, up from $0.19 in the same period last year. PPL reaffirmed its 2022 ongoing earnings forecast range of $1.30 to $1.45 per share.

Reported earnings (GAAP) of $0.16 per share for the second quarter of 2022.

Ongoing earnings per share for the second quarter of 2022 reached $0.30, compared to $0.19 in 2021.

The 2022 ongoing earnings forecast range of $1.30 to $1.45 per share was reaffirmed.

Acquisition of Rhode Island Energy was completed by PPL on May 25, 2022.

Total Revenue
$1.7B
Previous year: $1.29B
+31.7%
EPS
$0.3
Previous year: $0.19
+57.9%
Gross Profit
$602M
Cash and Equivalents
$336M
Previous year: $7.63B
-95.6%
Free Cash Flow
-$105M
Total Assets
$37.1B

PPL

PPL

Forward Guidance

PPL reaffirmed its 2022 earnings from ongoing operations forecast range of $1.30 to $1.45 per share.