Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from _________ to ___________ | Commission File | Registrant; State of Incorporation; | IRS Employer | | --- | --- | --- | | Number | Address and Telephone ...

PPL CORPORATION 1 st Quarter 2024 Investor Update May 1, 2024 Cautionary Statements and Factors That May Affect Future Results Statements made in this presentation about future operating results or other future events are forward-looking statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the forward-looking statements. A discussion of some of the factors that could cause actual results or events to vary is contained ...

Exhibit 99.1 news release www.pplnewsroom.com Contacts: For news media: Ryan Hill, 610-774-4033 For financial analysts: Andy Ludwig, 610-774-3389 PPL Corporation reports first-quarter 2024 earnings ALLENTOWN, Pa. (May 1, 2024) - PPL Corporation (NYSE: PPL) today announced first-quarter 2024 reported earnings (GAAP) of $307 million, or $0.42 per share, compared with first-quarter 2023 reported earnings of $285 million, or $0.39 per share. Adjusting for special items, first-quarter 2024 earnings from ongoing ...

PPL Corporation (NYSE:PPL) Q4 2023 Earnings Conference Call February 16, 2024 11:00 AM ET Company Participants Andy Ludwig - VP, IR Vince Sorgi - President and CEO Joe Bergstein - CFO Conference Call Participants Shar Pourreza - Guggenheim Partners Durgesh Chopra - Evercore ISI Angie Storozynski - Seaport Paul Zimbardo - Bank of America Anthony Crowdell - Mizuho David Paz - Wolfe Operator Good day, and welcome to the PPL Corporation Fourth Quarter 2023 Earnings Conference Call. All participants will be in a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from _________ to ___________ | Commission File | Registrant; State of Incorporation; | IRS Employer | | --- | --- | --- | | Number | Address and Telephone Numbe ...

Future Results Vince Sorgi President & Chief Executive Officer 4 ✓ Exceeded the midpoint of our 2023 earnings forecast • Achieved 2023 ongoing earnings of $1.60 per share → 8.1% growth from pro forma 2022 earnings per share(3) • Offset over $0.10 per share impact compared to plan from mild weather and storms • Approval of our first ISR filing and Advanced Meter plan (AMF) in Rhode Island (1) Reliability performance based on System Average Interruption Frequency Index (SAIFI). The average number of interrupt ...

| --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------|-----------------------------|-----------------|----------|----------|------------------------|-----------------| | Entity | Facility | Expiration Date | Capacity | Borrowed | LCs & CP Issued (1)(2) | Unused Capacity | | PPL Capital Funding Syndicated Credit Facility | (3) | Dec-2027 | $1,250 | $0 | $75 | $1,175 | | | Bilateral Credit Facility | Mar-2024 | $100 | $0 | $0 | $100 | | | Uncommitted Credit Facility | M ...

PPL Corporation. (NYSE:PPL) Q3 2023 Earnings Conference Call November 2, 2023 ET Company Participants Andy Ludwig - Vice President, Investor Relations Vince Sorgi - President and Chief Executive Officer Joe Bergstein - Chief Financial Officer Conference Call Participants Nicholas Campanella - Barclays David Arcaro - Morgan Stanley Shahriar Pourreza - Guggenheim Partners Agnieszka Storozynski - Seaport Paul Zimbardo - Bank of America Anthony Crowdell - Mizuho Ryan Levine - Citi Operator Good morning, and wel ...

Financial Performance - Operating revenues for Q3 2023 were $2,043 million, a decrease of 4.3% from $2,134 million in Q3 2022[81]. - Net income for Q3 2023 increased to $230 million, up 32.2% from $174 million in Q3 2022[83]. - Earnings per share for Q3 2023 were $0.31, compared to $0.24 in Q3 2022, reflecting a 29.2% increase[81]. - Total operating expenses for Q3 2023 were $1,606 million, down 10.4% from $1,793 million in Q3 2022[81]. - Cash flows from operating activities for the nine months ended September 30, 2023, were $1,648 million, an increase from $1,511 million in the same period of 2022[85]. - Net income for the nine months ended September 30, 2023, was $384 million, down from $410 million in the same period of 2022, representing a decline of 6.3%[94]. - Total operating income for the nine months ended September 30, 2023, was $646 million, slightly up from $639 million in the same period of 2022, reflecting a growth of 1.1%[94]. - Total operating revenues for the Kentucky Regulated segment decreased by 8.6% to $893 million in Q3 2023 from $977 million in Q3 2022[141]. - Net income for the Kentucky Regulated segment increased by 6.7% to $175 million in Q3 2023 compared to $164 million in Q3 2022[141]. Assets and Liabilities - Total assets as of September 30, 2023, were $38,629 million, up from $37,837 million at the end of 2022[86]. - Long-term debt increased to $14,484 million as of September 30, 2023, compared to $12,889 million at the end of 2022[88]. - The company’s regulatory assets increased to $1,787 million as of September 30, 2023, from $1,819 million at the end of 2022[86]. - Total current liabilities decreased from $1,223 million in December 2022 to $972 million in September 2023, a reduction of approximately 20.5%[101]. - Long-term debt increased from $4,146 million in December 2022 to $4,566 million in September 2023, representing a rise of about 10.1%[101]. - Total equity rose from $5,751 million in December 2022 to $6,025 million in September 2023, an increase of approximately 4.8%[104]. Dividends and Shareholder Returns - Dividends declared per share of common stock were $0.240 for the three months ended September 30, 2023, compared to $0.225 for the same period in 2022, indicating a 6.7% increase[91]. - The company declared dividends totaling $72 million in the three months ended September 30, 2023, compared to $235 million in the same period of 2022[104]. - PPL declared a quarterly cash dividend of 24.0 cents per share in August 2023, equivalent to an annual dividend of 96.0 cents per share, payable on October 2, 2023[215]. Regulatory and Compliance - The company is subject to regulations from the Federal Energy Regulatory Commission (FERC) and the Environmental Protection Agency (EPA)[42][43]. - The company has established an Environmental Response Fund to address past obligations related to manufactured gas plants[41]. - The company is entitled to recover costs associated with environmental compliance under the Environmental Cost Recovery (ECR) mechanism[39]. - RIE filed a petition on April 30, 2021, to recognize regulatory assets related to COVID-19 impacts, including increased customer accounts receivable and lost revenue from unassessed late payment charges[176]. - The RIPUC conditionally approved RIE's FY 2023 Gas ISR Plan with a revenue requirement, focusing on the Proactive Main Replacement Program and related capital investments[178]. Strategic Initiatives and Growth - The company is focused on strategic acquisitions and market expansion as part of its growth strategy[76]. - The company is committed to developing new projects and technologies to enhance its service offerings[76]. - The Electric Transportation Initiative aims to facilitate the growth of Electric Vehicle (EV) adoption in Rhode Island, although it has been paused in Rate Year 5[172]. - RIE filed a new Grid Modernization Plan (GMP) to enhance the electric distribution system, aligning with Rhode Island's climate mandates[175]. Risk Management - The company is actively managing risks associated with commodity prices and interest rates through hedging programs[76]. - The FERC ordered LG&E and KU to refund credits previously withheld, resulting in recorded regulatory liabilities of $3 million and $9 million related to potential refunds[188]. Acquisitions and Transactions - PPL Rhode Island Holdings acquired 100% of Narragansett Electric for approximately $3.8 billion on May 25, 2022, which now operates under the name Rhode Island Energy (RIE)[216]. - Transition services agreement costs incurred during the three and nine months ended September 30, 2023, amounted to $59 million and $179 million, respectively, related to the acquisition of Narragansett Electric[219]. - The allocation of the purchase price for Narragansett Electric resulted in a net decrease to goodwill of $1 million, with total goodwill from the acquisition recorded at $1,585 million[222]. Legal and Regulatory Proceedings - PPL is involved in ongoing legal proceedings related to the Talen Energy spinoff, with claims regarding an allegedly fraudulent transfer of approximately $900 million from the sale of hydroelectric assets[236].

2 nd Quarter Investor Update Cautionary Statements and Factors That May Affect Statements made in this presentation about future operating results or other future events are forward-looking statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the forward-looking statements. A discussion of some of the factors that could cause actual results or events to vary is contained in the Appendix of this presentation and in PPL' ...