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PPL
🇺🇸 NYSE:PPL
•
Dec 31, 2024

PPL Q4 2024 Earnings Report

Key Takeaways

PPL Corporation reported strong revenue growth in Q4 2024, increasing 8.85% year-over-year. However, adjusted EPS declined by 15.00% due to higher costs and lower earnings from ongoing operations. Net income saw a significant increase of 56.64%, driven by improved operational efficiency and strategic investments in infrastructure.

Total Revenue
$2.21B
Previous year: $2.03B
+8.9%
EPS
$0.34
Previous year: $0.4
-15.0%
Operating Margin
17.06%
Previous year: 19.74%
-13.6%
Gross Margin
17.06%
Previous year: 19.74%
-13.6%
Free Cash Flow
$2.34B
Gross Profit
$1.35B
Previous year: $1.21B
+11.6%
Cash and Equivalents
$339M
Previous year: $331M
+2.4%
Free Cash Flow
-$349M
Previous year: -$539M
-35.3%
Total Assets
$41.1B
Previous year: $39.2B
+4.7%

PPL Revenue

PPL EPS

PPL Revenue by Segment

Forward Guidance

PPL expects a strong 2025 with 7.1% EPS growth, increased infrastructure investments, and efficiency improvements.

Positive Outlook

  • 2025 EPS guidance midpoint at $1.81, representing 7.1% growth.
  • Planned $4.3 billion infrastructure investments in 2025.
  • Dividend increased by approximately 6%.
  • Annual rate base growth projected at 9.8% through 2028.
  • Continued efficiency gains with targeted O&M savings.

Challenges Ahead

  • Higher interest expenses impacting profitability.
  • Lower earnings from ongoing operations in Q4.
  • Margin pressures due to rising costs.
  • Potential equity needs of $2.5 billion through 2028.
  • Regulatory and economic uncertainties in the energy sector.

Revenue & Expenses

Visualization of income flow from segment revenue to net income