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, 2022 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 ...

PPL Corporation (NYSE:PPL) Q4 2022 Earnings Conference Call February 17, 2023 11:00 AM ET Company Participants Andy Ludwig - Vice President, Investor Relations Vince Sorgi - President & Chief Executive Officer Joe Bergstein - Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Durgesh Chopra - Evercore ISI Paul Patterson - Glenrock Associates Angie Storozynski - Seaport David Arcaro - Morgan Stanley Greg Orrill - UBS Paul Zimbardo - Bank of America Neil Kalton - Wells Fa ...

PPL Investor Presentation EEI Financial Conference November 14-15, 2022 Cautionary Statements and Factors That May Affect Future Results Statements made in this presentation about future operating results or other future events, including the anticipated effects of the acquisition of The Narragansett Electric Company (Narragansett) from National Grid, and the impact of the transaction on PPL Corporation, are forward-looking statements under the Safe Harbor provisions of the Private Securities Litigation Ref ...

PPL Corporation (NYSE:PPL) Q3 2022 Results Conference Call November 4, 2022 11:00 AM ET Company Participants Andy Ludwig - Vice President of Investor Relations Vince Sorgi - President and CEO Joe Bergstein - Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Durgesh Chopra - Evercore ISI David Arcaro - Morgan Stanley Michael Lapides - Goldman Sachs Paul Zimbardo - Bank of America Nick Campanella - Credit Suisse Paul Patterson - Glenrock Associates Anthony Crowdell - Miz ...

Financial Performance - Operating revenues for Q3 2022 were $2,134 million, a 41.2% increase from $1,512 million in Q3 2021[82]. - Operating income for the nine months ended September 30, 2022, was $1,038 million, compared to $1,116 million for the same period in 2021, reflecting a decrease of 7.0%[82]. - Net income for the nine months ended September 30, 2022, was $566 million, a significant recovery from a net loss of $1,614 million in the same period of 2021[85]. - Basic earnings per share from continuing operations for Q3 2022 was $0.24, down from $0.27 in Q3 2021[82]. - Cash flows from operating activities for the nine months ended September 30, 2022, were $1,511 million, compared to $1,978 million in 2021, indicating a decrease of 23.5%[85]. - Operating income for the nine months ended September 30, 2022, was $639 million, compared to $557 million for the same period in 2021, indicating a 15% increase[93]. - Net income for the nine months ended September 30, 2022, was $410 million, compared to $335 million for the same period in 2021, reflecting a 22% increase[93]. - Basic EPS for PPL in the nine months ended September 30, 2022, was $0.77, compared to a loss of $2.10 in the same period of 2021[157]. - PPL's net income available to common shareholders for the nine months ended September 30, 2022, was $566 million, a significant recovery from a loss of $1,614 million in 2021[157]. Revenue Growth - Revenues from contracts with customers for PPL totaled $2,177 million for the three months ended September 30, 2022, compared to $1,527 million in the same period of 2021, marking a growth of 42.5%[146]. - PPL Electric's revenues from contracts with customers were $765 million for the three months ended September 30, 2022, an increase from $649 million in the same period of 2021, reflecting a rise of 17.9%[148]. - The Kentucky Regulated segment generated $978 million in revenues from contracts with customers for the three months ended September 30, 2022, compared to $872 million in the same period of 2021, indicating a growth of 12.1%[148]. - For the nine months ended September 30, 2022, total revenues from contracts with customers for PPL were $5,575 million, up from $4,345 million in the same period of 2021, representing an increase of 28.4%[146]. - The Rhode Island Regulated segment contributed $427 million in revenues from contracts with customers for the three months ended September 30, 2022, compared to no revenues in the same period of 2021[148]. Acquisitions and Investments - The company is focused on strategic acquisitions and dispositions, including the acquisition of Narragansett Electric, which may impact future performance[1]. - The acquisition of Narragansett Electric resulted in a cash outflow of $3,674 million, impacting the investing activities significantly[85]. - PPL's acquisition of Narragansett Electric on May 25, 2022, involved approximately $3.8 billion in cash and $1.5 billion of long-term debt assumed[216]. - The total cash consideration paid for Narragansett Electric was funded with proceeds from PPL's 2021 sale of its U.K. utility business[216]. - RIE will incur approximately $408 million in transition costs through June 30, 2024, with $41 million and $142 million expensed for the three and nine months ended September 30, 2022, respectively[223]. Regulatory and Compliance - The company is committed to compliance with environmental regulations, including the Clean Air Act, which influences its operational costs[1]. - PPL is monitoring the effects of climate change and regulatory changes on its business strategy and operational costs[1]. - Pennsylvania's corporate net income tax rate will decrease from 9.99% to 8.99% starting January 1, 2023, with further reductions planned until it reaches 4.99% in 2031[169]. - In Q3 2022, PPL recorded an increase in regulatory liabilities of $274 million for the remeasurement of regulated accumulated deferred tax balances[170]. - The regulatory asset for environmental cost recovery reflects deferred costs associated with remediation activities, with variances deferred for future recovery[180]. Financial Position - Total assets increased to $37,378 million as of September 30, 2022, up from $33,223 million at the end of 2021, representing a growth of 12.9%[86]. - Total current liabilities rose to $3,315 million as of September 30, 2022, compared to $2,323 million at December 31, 2021, marking a 43% increase[87]. - Long-term debt increased to $12,977 million as of September 30, 2022, up from $10,666 million at December 31, 2021, representing a 22% increase[87]. - Total liabilities and equity increased to $37,378 million as of September 30, 2022, from $33,223 million at December 31, 2021, reflecting a 12% increase[87]. - The company had cash and cash equivalents of $303 million at the end of Q3 2022, a decrease from $3,571 million at the end of 2021[86]. Challenges and Risks - The COVID-19 pandemic continues to affect economic conditions and supply chains, posing risks to the company's operations[1]. - PPL is actively managing risks associated with capital market conditions, including interest rates and commodity price volatility[1]. - The company faces challenges related to labor costs and the ability to attract and retain qualified employees, which could impact operational efficiency[1]. Dividends and Shareholder Returns - The company declared dividends of $0.225 per share for the three months ended September 30, 2022, compared to $0.415 per share for the same period in 2021[90]. - PPL declared a quarterly cash dividend of 22.5 cents per share, equivalent to 90.0 cents per annum, payable on October 3, 2022[213]. - PPL repurchased approximately $1 billion of its common shares in 2021, with an authorization for up to $3 billion in share repurchases[212].

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 June 30, 2022 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 N ...

2 nd Quarter Investor Update August 3, 2022 PPL Corporation Cautionary Statements and Factors That May Affect Future Results Statements made in this presentation about future operating results or other future events, including the anticipated effects of the recent sale of PPL Corporation's U.K. business, the acquisition of The Narragansett Electric Company (Narragansett) from National Grid, and the impact of each transaction on PPL Corporation, are forward-looking statements under the Safe Harbor provisions ...

PPL Corporation (NYSE:PPL) Q2 2022 Earnings Conference Call August 3, 2022 11:00 AM ET Company Participants Andy Ludwig - Vice President, Investor Relations Vince Sorgi - President and Chief Executive Officer Joe Bergstein - Chief Financial Officer Greg Dudkin - Chief Operating Officer Conference Call Participants Durgesh Chopra - Evercore ISI Ryan Greenwald - Bank of America Michael Lapides - Goldman Sachs Gregg Orrill - UBS Operator Good morning and welcome to the PPL Corporation’s Second Quarter 2022 Ear ...

PPL Corp, Inc. (NYSE:PPL) Q1 2022 Earnings Conference Call May 5, 2022 11:00 AM ET Company Participants Andrew Ludwig - VP, IR Vincent Sorgi - President, CEO & Director Gregory Dudkin - EVP & COO Joseph Bergstein - EVP & CFO Conference Call Participants Shahriar Pourreza - Guggenheim Securities Nicholas Campanella - Crédit Suisse Steven Fleishman - Wolfe Research Anthony Crowdell - Mizuho Securities Paul Zimbardo - Bank of America Merrill Lynch Michael Lapides - Goldman Sachs Group Operator Good morning, ev ...

PPL 1st Quarter Investor Update | May 5, 2022 Cautionary Statements and Factors That May Affect Future Results Statements made in this presentation about future operating results or other future events, including the anticipated effects of the recent sale of PPL Corporation's U.K. business, the anticipated acquisition of The Narragansett Electric Company (Narragansett) from National Grid, and the impact of each transaction on PPL Corporation, are forward-looking statements under the Safe Harbor provisions o ...