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Sep 30, 2024

PPL Q3 2024 Earnings Report

Reported third-quarter earnings and narrowed 2024 ongoing earnings forecast range.

Key Takeaways

PPL Corporation announced third-quarter 2024 reported earnings (GAAP) of $214 million, or $0.29 per share, and narrowed its 2024 ongoing earnings forecast range to $1.67 to $1.73 per share, increasing the midpoint to $1.70 per share.

Announced 2024 third-quarter reported earnings (GAAP) per share of $0.29.

Achieved 2024 third-quarter ongoing earnings per share of $0.42 vs. $0.43 in 2023.

Narrowed 2024 ongoing earnings forecast range to $1.67 to $1.73 per share and increases midpoint to $1.70 per share.

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

Total Revenue
$2.07B
Previous year: $2.04B
+1.1%
EPS
$0.42
Previous year: $0.43
-2.3%
Gross Profit
$840M
Previous year: $851M
-1.3%
Cash and Equivalents
$542M
Previous year: $353M
+53.5%
Free Cash Flow
$102M
Previous year: $155M
-34.2%
Total Assets
$40.5B
Previous year: $38.6B
+4.8%

PPL

PPL

Forward Guidance

PPL narrowed its 2024 earnings from ongoing operations forecast range to $1.67 to $1.73 per share from a prior forecast range of $1.63 to $1.75 per share, increasing the midpoint to $1.70 per share from $1.69 per share.