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Dec 31, 2022

PPL Q4 2022 Earnings Report

PPL reported Q4 2022 earnings, which included earnings from ongoing operations of $0.28 per share.

Key Takeaways

PPL Corporation reported Q4 2022 earnings of $190 million, or $0.26 per share, compared to $134 million, or $0.18 per share in Q4 2021. Adjusting for special items, earnings from ongoing operations were $209 million, or $0.28 per share, compared to $163 million, or $0.22 per share in the prior year.

Announced 2022 reported earnings (GAAP) of $1.02 per share.

Exceeded 2022 forecast midpoint, achieving earnings from ongoing operations of $1.41 per share.

Reaffirmed 2023 earnings forecast range of $1.50 to $1.65 per share, with midpoint of $1.58 per share.

Increased quarterly common stock dividend to $0.24 per share.

Total Revenue
$2.29B
Previous year: $1.49B
+54.2%
EPS
$0.28
Previous year: $0.22
+27.3%
Gross Profit
$747M
Previous year: $634M
+17.8%
Cash and Equivalents
$356M
Previous year: $3.57B
-90.0%
Free Cash Flow
-$421M
Previous year: -$221M
+90.5%
Total Assets
$37.8B
Previous year: $33.2B
+13.9%

PPL

PPL

Forward Guidance

PPL reaffirmed its 2023 earnings forecast range of $1.50 to $1.65 per share, with a midpoint of $1.58 per share.