PPL (PPL) closed the most recent trading day at $32.46, moving +1.56% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.72%, while the techheavy Nasdaq added 0.65%. The the stock of energy and utility holding company has risen by 3.16% in the past month, lagging the Utilities sector's gain of 4.65% and the S&P 500's gain of 4.86%. The investment community will be closely monitoring the performance of PPL in its forthcoming earnings report. T ...

ALLENTOWN, Pa., Sept. 12, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) announced today it has executed an agreement with the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) for an award up to $72 million to help fund a groundbreaking carbon dioxide (CO₂) capture research and development project at the company's natural gas combined-cycle generation facility in Louisville, Kentucky. OCED awarded PPL with the first tranche of funding – $4.9 million – to begin Phase 1 activitie ...

PPL Corp.'s (PPL) shares have rallied 20% year to date, compared with its industry's growth of 13%. The company continues to provide electricity and natural gas to its 3.5 million customers across the United States. In the same time period, PPL has outperformed its sector and the S&P 500. PPL plans to invest $14.3 billion through 2027 to strengthen its infrastructure and prevent outages. The company is also working to lower emissions from electricity production and develop a net-zero energy system by 2050. ...

ALLENTOWN, Pa., Aug. 23, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) declared a quarterly common stock dividend on Friday, Aug. 23, 2024, of $0.2575 per share, payable Oct. 1, 2024, to shareowners of record as of Sept. 10, 2024. About PPL PPL Corporation (NYSE: PPL), headquartered 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 customers in the U.S. PPL's high-performing, award-winning ...

Financial Data and Key Metrics Changes - PPL Corporation reported second quarter GAAP earnings of $0.26 per share, an increase from $0.15 per share in Q2 2023. Adjusted ongoing earnings were $0.38 per share, up $0.09 from the previous year [22][3][4] - Year-to-date GAAP earnings reached $0.67 per share compared to $0.54 per share in the same period last year. Adjusted ongoing earnings for the first half of 2024 totaled $0.92 per share, an improvement of $0.15 per share compared to the first half of 2023 [22][23] Business Line Data and Key Metrics Changes - The Kentucky segment's results increased by $0.05 per share compared to Q2 2023, driven by higher sales volumes and lower operating costs [24] - The Pennsylvania Regulated segment also saw an increase of $0.05 per share, attributed to higher transmission revenues and increased usage per customer [24] - The Rhode Island segment's results improved by $0.01 per share, mainly due to higher distribution and transmission revenues, offset by increased operating costs [25] Market Data and Key Metrics Changes - PPL has over 17 gigawatts of interconnection requests in Pennsylvania, with nearly 5 gigawatts in advanced planning stages, up from 3 gigawatts previously discussed [13] - The company estimates that for every 1 gigawatt of data center demand connected to the grid, residential customers could save about 10% on the transmission portion of their bill, translating to approximately $3 monthly savings [14] Company Strategy and Development Direction - PPL's "Utility of the Future" strategy aims for a net zero energy system by 2050 while ensuring reliability and affordability [6][7] - The company plans to invest $14.3 billion in infrastructure improvements from 2024 to 2027, focusing on decarbonization and enhancing grid reliability [5][6] - PPL is actively pursuing partnerships for R&D in low-carbon technologies, including advanced nuclear and carbon capture [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2024 ongoing earnings forecast of $1.63 to $1.75 per share, with a focus on maintaining a strong balance sheet to support investment needs [3][26] - The company is positioned to achieve annual earnings per share and dividend growth of 6% to 8% through at least 2027 [5][26] Other Important Information - PPL is on track to complete approximately $3.1 billion in infrastructure improvements in 2024 [4] - The Pennsylvania PUC approved modifications to PPL's long-term infrastructure improvement plan, allowing for $200 million of reliability investments to be classified as capital eligible for recovery [18] Q&A Session Summary Question: Insights on transmission side and capacity auction implications - Management acknowledged the need for generation and transmission investments in PJM, indicating potential opportunities for additional transmission solutions [29][30] Question: Impact of PJM auction results on customer bills - Management estimated that higher prices could increase the generation portion of the bill by about $10 to $15 per month for average customers starting in 2025 [37] Question: Balance sheet capacity and CapEx considerations - Management confirmed a strong balance sheet and indicated that capital needs would be assessed in light of various factors, including interest rates and inflation [39][40] Question: Kentucky IRP and potential new generation needs - Management stated that a comprehensive load forecast would be conducted to determine if new generation is necessary, with results expected in October [43][44] Question: Data center demand and associated CapEx - Management indicated that formal announcements regarding data center demand would likely come at the end of the year or early next year [56][57]

Core Viewpoint - PPL Corporation reported strong second-quarter 2024 operating earnings, exceeding expectations, while total revenues slightly missed estimates, indicating a mixed performance in financial results. Financial Performance - Operating earnings per share (EPS) for Q2 2024 were 38 cents, surpassing the Zacks Consensus Estimate of 31 cents by 22.6% and increasing 31% from 29 cents in the same quarter last year [1] - Total revenues amounted to $1.88 billion, missing the Zacks Consensus Estimate of $1.91 billion by 1.7%, but reflecting a 3.2% increase from $1.82 billion year-over-year [2] - Operating income reached $390 million, up 27.9% from $305 million in the prior year [3] Segment Performance - Pennsylvania Regulated segment reported adjusted EPS of 21 cents, a 40% increase from 15 cents year-over-year, driven by higher sales volumes and transmission revenues [5] - Kentucky Regulated segment achieved adjusted EPS of 18 cents, up 50% from 12 cents, attributed to increased sales volumes due to weather and lower operating costs [5] - Rhode Island Regulated segment maintained adjusted EPS at 1 cent, with higher distribution revenues offset by increased operating costs [6] Expenses and Financial Position - Total operating expenses decreased to $1.49 billion, down 1.8% from $1.52 billion year-over-year, primarily due to reduced energy purchase expenses [3] - Interest expense rose to $182 million, a 10.3% increase from $165 million in Q2 2023 [4] - As of June 30, 2024, cash and cash equivalents were $282 million, down from $331 million at the end of 2023, while long-term debt increased to $15.8 billion from $14.6 billion [7] Guidance and Future Outlook - PPL reiterated its 2024 EPS guidance of $1.63-$1.75, with the Zacks Consensus Estimate at $1.70, slightly above the midpoint of the guidance [8] - The company expects a long-term annual earnings growth rate of 6-8% through 2027 [8] - Capital expenditure for 2024 to 2027 is restated at $14.3 billion, with anticipated O&M savings of at least $175 million by 2026 [9] Market Position - PPL currently holds a Zacks Rank 2 (Buy), indicating a favorable market position [10]

Financial Performance - Operating revenues for Q2 2024 were $1,881 million, an increase from $1,823 million in Q2 2023, representing a growth of 3.2%[38] - Operating income for the first half of 2024 was $935 million, compared to $803 million in the same period of 2023, reflecting a 16.4% increase[38] - Net income for Q2 2024 was $190 million, up from $112 million in Q2 2023, marking a significant increase of 69.6%[38] - Earnings per share (EPS) for Q2 2024 were $0.26, compared to $0.15 in Q2 2023, indicating a growth of 73.3%[38] - For the six months ended June 30, 2024, net income was $497 million, up from $397 million in the same period last year, reflecting a 25% growth[42] - Net income for the six months ended June 30, 2024, was $299 million, an increase from $248 million for the same period in 2023, representing a growth of 20.6%[54] - Net income for the three months ended June 30, 2024, was $62 million, compared to $45 million for the same period in 2023, showing a growth of 37.8%[65] - Net income for the Kentucky Regulated segment increased to $134 million for the three months ended June 30, 2024, compared to $91 million for the same period in 2023, representing a growth of 47.3%[97] - The total net income for PPL Electric was $190 million for the three months ended June 30, 2024, compared to $112 million for the same period in 2023, representing a significant increase of 69.6%[97] - Net income for the six months ended June 30, 2024, increased to $155 million, up from $131 million in the same period last year, representing a growth of approximately 18.3%[69] Operating Expenses - Total operating expenses decreased to $1,491 million in Q2 2024 from $1,518 million in Q2 2023, a reduction of 1.8%[38] - Total operating expenses for the three months ended June 30, 2024, were $437 million, down from $474 million in the same period of 2023, indicating a decrease of 7.8%[50] - Total Operating Expenses for Q2 2024 were $338 million, slightly down from $340 million in Q2 2023[79] - Total operating expenses decreased to $265 million from $273 million year-over-year, a reduction of 2.9%[65] Cash Flow and Investments - Cash provided by operating activities for the six months ended June 30, 2024, was $1,048 million, compared to $842 million for the same period in 2023, indicating a 24% increase[42] - Cash provided by operating activities for the six months ended June 30, 2024, was $353 million, up from $236 million in the same period in 2023, marking a growth of 49.8%[54] - The company’s net cash used in investing activities for the six months ended June 30, 2024, was $1,020 million, compared to $398 million in the same period of 2023, indicating a significant increase in investment outflows[54] - Cash provided by Operating Activities for the six months ended June 30, 2024, was $352 million, an increase from $298 million in the same period last year[82] Assets and Liabilities - Total assets as of June 30, 2024, amounted to $39,839 million, an increase from $39,236 million at the end of 2023[44] - Current liabilities decreased to $2,515 million as of June 30, 2024, from $3,340 million at the end of 2023, showing a reduction of 25%[45] - 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 8% rise[45] - Total equity rose to $14,065 million as of June 30, 2024, up from $13,933 million at the end of 2023, reflecting a 1% increase[45] - Total assets increased to $15,229 million as of June 30, 2024, up from $14,294 million at December 31, 2023, representing a growth of 6.5%[55] - Current assets rose significantly to $1,430 million, compared to $869 million at the end of 2023, marking a 64.5% increase[55] - Long-term debt increased to $5,212 million from $4,567 million, reflecting a rise of 14.1%[57] - Total equity grew to $6,698 million, up from $5,903 million, indicating an increase of 13.5%[57] Regulatory and Compliance - The company is focused on enhancing its energy efficiency programs and exploring new technologies to support sustainable growth[33] - The company is currently reviewing IRS Revenue Procedure 2023-15 to assess its impact on financial statements, which may affect accounting for expenses related to natural gas transmission and distribution property[120] - PPL does not anticipate a material impact on financial statements regarding prior or future credit transfers under the Inflation Reduction Act, as per the final regulations effective July 1, 2024[122] - The allowed return on equity (ROE) rate for Rhode Island activities is set at 9.275% based on a common equity ratio of approximately 51%[127] Debt and Financing - The company issued $649 million in long-term debt during the six months ended June 30, 2024, compared to $1,329 million in the same period of 2023[54] - PPL issued $650 million of 4.85% First Mortgage Bonds due 2034 in January 2024, receiving proceeds of $644 million for general corporate purposes[155] - The total capacity of PPL Capital Funding's syndicated credit facility is $1.25 billion, with $280 million in commercial paper outstanding as of June 30, 2024[152] - LG&E and KU's credit facilities include a $500 million syndicated credit facility expiring in December 2028, with $490 million unused capacity as of June 30, 2024[151] Revenue Sources - Total Operating Revenues for Q2 2024 reached $464 million, a 6.7% increase from $435 million in Q2 2023[79] - PPL's operating revenues for the six months ended June 30, 2024, were $4,238 million, compared to $4,269 million for the same period in 2023, reflecting a decrease of approximately 0.7%[104] - Revenues from contracts with customers for PPL Electric in the first six months of 2024 were $1,558 million, consistent with the same period in 2023[104] - PPL's residential revenues for the first six months of 2024 were $1,927 million, down from $2,079 million in 2023, a decrease of about 7.3%[106] - The Kentucky Regulated segment's revenues for the first six months of 2024 were $1,810 million, compared to $1,733 million in 2023, indicating an increase of about 4.4%[107] Environmental and Regulatory Costs - Storm damage costs accounted for $38 million as of June 30, 2024, up from $12 million in December 2023, showing a significant rise of 216.7%[123] - PPL Electric recorded a liability of $8 million for environmental remediation activities as of June 30, 2024[175] - PPL reported a recorded liability of $99 million for RIE's environmental remediation activities, expected to be incurred over approximately 30 years[177] - RIE has recovered amounts from certain insurers and may seek additional recovery, but the success of these efforts is uncertain[177] Miscellaneous Income and Expenses - Other Income (Expense) - net for the three months ended June 30, 2024, was $32 million, compared to $5 million in the same period of 2023, representing a significant increase[192] - Interest income for the six months ended June 30, 2024, decreased to $15 million from $17 million in 2023, reflecting a decline of approximately 11.76%[192] - Other Income (Expense) - net for the six months ended June 30, 2024, totaled $54 million, up from $35 million in 2023, indicating a rise of 54.29%[192] - Miscellaneous income for the three months ended June 30, 2024, was $1 million, compared to $(10) million in the same period of 2023, showing a turnaround[192]

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 ...