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Sep 30, 2022

PPL Q3 2022 Earnings Report

PPL's third-quarter earnings were reported, with ongoing EPS exceeding the previous year and the earnings forecast midpoint being raised.

Key Takeaways

PPL Corporation reported GAAP earnings of $0.24 per share and non-GAAP earnings of $0.41 per share, compared to $0.27 and $0.36 respectively in the third quarter of 2021. The company raised the midpoint of its 2022 ongoing earnings forecast to $1.40 per share.

PPL reported third-quarter GAAP earnings per share of $0.24.

Third-quarter ongoing earnings per share reached $0.41, compared to $0.36 in 2021.

The midpoint of the 2022 ongoing earnings forecast was raised to $1.40 per share from $1.37.

The 2022 ongoing earnings forecast range was narrowed to $1.35 to $1.45 per share.

Total Revenue
$2.13B
Previous year: $1.51B
+41.1%
EPS
$0.41
Previous year: $0.36
+13.9%
Gross Profit
$753M
Previous year: $757M
-0.5%
Cash and Equivalents
$303M
Previous year: $4.77B
-93.6%
Free Cash Flow
$26M
Previous year: -$34M
-176.5%
Total Assets
$37.4B
Previous year: $34.2B
+9.4%

PPL

PPL

Forward Guidance

PPL narrowed its 2022 earnings from ongoing operations forecast to a range of $1.35 to $1.45 per share from a prior forecast range of $1.30 to $1.45 per share, increasing the midpoint to $1.40 per share.