PPL CORPORATION 2 nd Quarter 2024 Investor Update August 2, 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 contain ...

PPL (PPL) reported $1.88 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 3.2%. EPS of $0.38 for the same period compares to $0.29 a year ago. The reported revenue represents a surprise of -1.71% over the Zacks Consensus Estimate of $1.91 billion. With the consensus EPS estimate being $0.31, the EPS surprise was +22.58%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their nex ...

PPL (PPL) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 22.58%. A quarter ago, it was expected that this energy and utility holding company would post earnings of $0.52 per share when it actually produced earnings of $0.54, delivering a surprise of 3.85%. Over the last four quarter ...

Earnings Performance - PPL Corporation reported second-quarter 2024 earnings of $190 million, or $0.26 per share, a 70% increase from $112 million, or $0.15 per share in Q2 2023[2]. - Ongoing earnings per share for Q2 2024 were $0.38, up 31% from $0.29 in Q2 2023, with ongoing earnings from operations totaling $282 million[2][4]. - For the first six months of 2024, reported earnings were $497 million, or $0.67 per share, a 25% increase from $397 million, or $0.54 per share in the same period of 2023[2][4]. - Reported earnings for the second quarter of 2024 were $190 million, with ongoing operations earnings of $282 million after accounting for special items[23]. - The company reported earnings per share of $0.26 for the second quarter of 2024, with ongoing operations earnings per share of $0.38[24]. - Year-to-date earnings from ongoing operations as of June 30, 2024, were $684 million, reflecting a strong performance across segments[25]. - Reported earnings for the year-to-date June 30, 2023, totaled $397 million, with earnings from ongoing operations at $567 million[29]. Special Items and Adjustments - The second quarter of 2024 included net special-item after-tax charges of $92 million, or $0.12 per share, compared to $103 million, or $0.14 per share in Q2 2023[7]. - Special items reduced total earnings by $187 million year-to-date, primarily due to acquisition integration costs and strategic corporate initiatives[25]. - Special items reduced total earnings by $170 million, with significant impacts from acquisition integration costs of $134 million and other non-recurring charges[29]. - Special items for the 2024 forecast are expected to total $0.25 per share, primarily due to acquisition integration and strategic corporate initiatives[31]. Revenue and Sales Growth - Operating revenues for Q2 2024 were $1,881 million, an increase from $1,823 million in Q2 2023, representing a growth of 3.2%[20]. - Total electricity sales for the company increased by 7.2% year-over-year for the three months ended June 30, 2024, amounting to 15,875 GWh[22]. - Retail electricity sales in the PA regulated segment increased by 6.2% year-over-year for the three months ended June 30, 2024, reaching 8,587 GWh[22]. - KY regulated segment retail electricity sales rose by 8.1% year-over-year for the same period, totaling 7,158 GWh[22]. - The company experienced a 36.8% increase in wholesale electricity sales in the KY regulated segment for the three months ended June 30, 2024, totaling 130 GWh[22]. Cost Management and Savings - PPL aims for annual operation and maintenance savings of at least $175 million by 2026, with cumulative savings of $120-$130 million planned by the end of 2024[2]. - Total operating expenses for Q2 2024 were $1,491 million, a decrease from $1,518 million in Q2 2023, showing a reduction of 1.8%[20]. Future Outlook and Forecast - PPL reaffirmed its 2024 ongoing earnings forecast range of $1.63 to $1.75 per share, with a midpoint of $1.69 per share[2][13]. - The company expects annual earnings and dividend growth of 6% to 8% through at least 2027, based on the midpoint of its 2024 ongoing earnings forecast[2][13]. - The forecast for reported earnings in 2024 is set at a midpoint of $1.44 per share, with a range between $1.38 and $1.50[31]. - The company anticipates earnings from ongoing operations in 2024 to be between $1.63 and $1.75 per share[31]. Capital Expenditures and Investments - Capital expenditures for property, plant, and equipment were $1,266 million for the six months ended June 30, 2024, up from $1,090 million in the same period of 2023, representing a rise of 16.1%[21]. - PPL's infrastructure investments are projected at $14.3 billion through 2027, focusing on enhancing energy networks and deploying smart grid technology[2]. Financial Position - The company reported a net cash provided by operating activities of $1,048 million for the six months ended June 30, 2024, compared to $842 million for the same period in 2023, indicating a 24.5% increase[21]. - The total assets of PPL Corporation as of June 30, 2024, were $39,839 million, an increase from $39,236 million at the end of 2023, reflecting a growth of 1.5%[19]. - Long-term debt increased to $15,756 million as of June 30, 2024, compared to $14,611 million at the end of 2023, marking an increase of 7.8%[19]. - The company’s cash and cash equivalents at the end of the period were $324 million, a slight decrease from $327 million at the end of June 2023[21]. - PPL Corporation's regulatory assets increased to $335 million as of June 30, 2024, from $293 million at the end of 2023, indicating a growth of 14.3%[19]. Strategic Initiatives - The company is focused on strategic corporate initiatives and acquisition integration to enhance operational efficiency and market position[27]. - The integration costs associated with the acquisition of Rhode Island Energy are a significant factor in both current and future earnings[31]. - User data indicates a stable performance across regions, with Kentucky reporting earnings of $263 million and Pennsylvania $254 million[29].

In the latest trading session, PPL (PPL) closed at $29.17, marking a +1.39% move from the previous day. The stock outpaced the S&P 500's daily loss of 2.32%. Elsewhere, the Dow lost 1.25%, while the tech-heavy Nasdaq lost 3.64%. Analysts and investors alike will be keeping a close eye on the performance of PPL in its upcoming earnings disclosure. The company's earnings report is set to go public on August 2, 2024. It is anticipated that the company will report an EPS of $0.31, marking a 6.9% rise compared t ...

PPL (PPL) closed the most recent trading day at $29, moving +1.33% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 1.08%. Elsewhere, the Dow gained 0.32%, while the tech-heavy Nasdaq added 1.58%. The energy and utility holding company's shares have seen an increase of 2.36% over the last month, surpassing the Utilities sector's gain of 0.61% and the S&P 500's gain of 0.43%. The investment community will be paying close attention to the earnings perform ...

Core Insights - Utility companies in the U.S. are enhancing their infrastructure for electricity generation, transmission, distribution, storage, and sales to customers [1] Industry Overview - The utility sector benefits from favorable factors such as new electric rates, customer additions, cost management, and energy-efficiency programs [3] - Demand for utility services remains steady across economic cycles, barring major weather variations [4] - The U.S. electric power sector is transitioning towards cleaner energy sources, with renewable energy expected to account for 23% of electricity generation in 2024 and 25% in 2025 [13] Company Comparisons - A comparative analysis of NiSource (NI) and PPL Corporation (PPL) indicates both are strong picks for investment [2][11] - NiSource has a market capitalization of $13.75 billion, while PPL's market cap is $21.19 billion [14] Financial Performance - The Zacks Consensus Estimate for PPL's 2024 earnings is $1.71 per share on revenues of $8.77 billion, reflecting a 6.9% growth in earnings and a 5.5% increase in revenue year-over-year [6] - NiSource's 2024 earnings estimate is $1.72 per share on revenues of $5.6 billion, indicating a 7.5% growth in earnings and a 1.7% revenue increase year-over-year [15] - NiSource's shares have risen 9.3% in the past month, while PPL's shares increased by 2.4% [7] Key Ratios - NiSource has a Return on Equity (ROE) of 9.56%, while PPL's ROE is 8.8%, both above the sector average of 9.53% [17] - The times interest earned (TIE) ratio for NiSource is 2.7, and for PPL, it is 2.4, indicating both companies can meet near-term debt obligations [8] - PPL's current ratio is 1.28, surpassing the industry average of 0.85, while NiSource's current ratio is 0.66 [9] - The debt-to-capital ratios for NiSource and PPL are 56.98% and 53.3%, respectively, compared to the industry's 60.61% [18] Dividend Information - NiSource has a dividend yield of 3.46%, while PPL's yield is 3.59%, both higher than the S&P 500 composite average of 1.25% [10]

ALLENTOWN, Pa., July 16, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) will release consolidated second-quarter 2024 earnings results on Friday, August 2. For those who are unable to listen to the live webcast, a replay with slides will be accessible at www.pplweb.com/investors for 90 days after the call. PPL Corporation (NYSE:PPL), based in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.5 million cu ...

The most recent trading session ended with PPL (PPL) standing at $27.97, reflecting a -1.65% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.28% gain on the day. On the other hand, the Dow registered a gain of 0.53%, and the technology-centric Nasdaq increased by 0.4%. The upcoming earnings release of PPL will be of great interest to investors. It is anticipated that the company will report an EPS of $0.31, marking a 6.9% rise compared to the same quarter of the previous y ...

Utilities continue to benefit from various favorable factors, such as new electric rates, customer additions, cost management and the implementation of energy-efficiency programs. Also, the ongoing investments to improve the resiliency of electric infrastructure against extreme weather conditions and the ongoing transition to costeffective, renewable energy sources to produce electricity aid the power industry. Regardless of economic cycles, there is a relatively constant demand for the services offered by ...