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Jun 30, 2024
PPL Q2 2024 Earnings Report
Reported a strong second quarter with increased earnings and reaffirmed financial outlook.
Key Takeaways
PPL Corporation announced second-quarter 2024 GAAP earnings of $0.26 per share and non-GAAP earnings of $0.38 per share, compared to $0.15 and $0.29 respectively in the previous year. The company reaffirmed its 2024 ongoing earnings forecast range of $1.63 to $1.75 per share and projected annual earnings per share and dividend growth of 6% to 8% through at least 2027.
Reported second-quarter GAAP earnings per share of $0.26.
Achieved second-quarter ongoing earnings per share of $0.38, up from $0.29 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.
Forward Guidance
PPL reaffirmed its 2024 ongoing earnings forecast range of $1.63 to $1.75 per share, with a midpoint of $1.69 per share, and reaffirmed its projection of 6% to 8% annual earnings and dividend growth through at least 2027.
Positive Outlook
- Reaffirming 2024 ongoing earnings guidance.
- Expecting to achieve at least the midpoint of 2024 forecast.
- Projecting 6% to 8% annual earnings and dividend growth through at least 2027.
- Targeting annual operation and maintenance savings of at least $175 million by 2026 from the company’s 2021 baseline.
- Planning a cumulative $120-$130 million of annual savings by the end of 2024.
Challenges Ahead
- Special items may impact future reported earnings.
- Unable to forecast whether special items will occur or amounts will be reported for future periods.
- Actual results may differ materially from forward-looking statements due to various risks and uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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