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Sep 30, 2020

PPL Q3 2020 Earnings Report

Reported third-quarter earnings and narrowed 2020 earnings forecast range.

Key Takeaways

PPL Corporation announced third-quarter 2020 reported earnings of $281 million, or $0.37 per share, and earnings from ongoing operations of $0.58 per share. The company narrowed its 2020 earnings from ongoing operations forecast range to $2.40 to $2.50 per share.

Third-quarter reported earnings were $0.37 per share, while earnings from ongoing operations were $0.58 per share.

The company narrowed its 2020 earnings from ongoing operations forecast range to $2.40 to $2.50 per share.

COVID-19 and milder weather impacted PPL's ongoing earnings.

PPL is on track to achieve the low end of its earnings guidance.

Total Revenue
$1.89B
Previous year: $1.93B
-2.5%
EPS
$0.58
Previous year: $0.61
-4.9%
Gross Profit
$1.09B
Previous year: $1.11B
-1.8%
Cash and Equivalents
$746M
Previous year: $670M
+11.3%
Free Cash Flow
$176M
Previous year: $95M
+85.3%
Total Assets
$47.9B
Previous year: $44.6B
+7.6%

PPL

PPL

Forward Guidance

PPL narrowed its 2020 earnings from ongoing operations forecast range to $2.40 to $2.50 per share.