Core Insights - PPL reported $2.21 billion in revenue for Q4 2024, an 8.9% year-over-year increase, but EPS decreased to $0.34 from $0.40 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate by 5.59%, while the EPS fell short by 8.11% [1] Revenue Performance - Pennsylvania Regulated revenues were $717 million, slightly below the average estimate of $742.64 million, reflecting a 0.6% year-over-year increase [4] - Rhode Island Regulated revenues reached $631 million, significantly above the average estimate of $509.35 million, marking a 27.2% year-over-year increase [4] - Kentucky Regulated revenues were $864 million, slightly above the average estimate of $850.25 million, with a year-over-year increase of 5.2% [4] Stock Performance - PPL shares have returned 7.5% over the past month, outperforming the Zacks S&P 500 composite's 3.9% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Financial Data and Key Metrics Changes - PPL Corporation reported ongoing earnings of $1.69 per share for 2024, slightly below the increased guidance of $1.70 per share due to mild weather in December [10][37] - GAAP earnings for Q4 2024 were $0.24 per share, compared to $0.15 per share in Q4 2023, while annual GAAP earnings for 2024 were $1.20 per share, up from $1.00 per share in 2023 [36][37] - The company achieved cumulative annual O&M savings of $130 million from a 2021 baseline, with expectations to reach at least $175 million through 2026 [11][16] Business Line Data and Key Metrics Changes - Kentucky segment results were flat compared to Q4 2023, driven by higher sales volumes offset by increased operating costs [38] - Pennsylvania segment results were also flat, with higher transmission revenues countered by increased operating costs, including vegetation management [39] - Rhode Island segment results decreased by $0.03 per share due to lower transmission and distribution revenues [40] Market Data and Key Metrics Changes - The company anticipates a 7% growth in ongoing earnings forecast for 2025, with a range of $1.75 to $1.87 per share [12] - The updated capital plan includes $20 billion in expected infrastructure investments from 2025 to 2028, compared to $14.3 billion in the prior plan [13][14] - The company expects average annual rate base growth of 9.5% to 10% through 2028, up from 6.3% in the previous plan period [14][52] Company Strategy and Development Direction - PPL Corporation is focused on becoming more efficient and keeping energy affordable, with a strategy to balance reliability and cost for customers [9][15] - The company has restructured its business to enhance operational efficiencies and drive continuous improvement [18] - A significant emphasis is placed on advancing a cleaner energy mix while maintaining reliability and affordability [14][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the updated business plan, which supports long-term earnings and dividend growth [12][60] - The company remains focused on improving operational efficiency to support customer affordability, with expectations that average bill increases will remain within the rate of inflation [101][102] - Management highlighted the importance of regulatory developments in Pennsylvania and Kentucky for future growth and resource adequacy [90][104] Other Important Information - A quarterly common stock dividend of 27.25 cents per share was announced, representing a 6% increase from the previous dividend [17][58] - The company is committed to supporting economic development in its service territories, particularly through data center growth [23][34] Q&A Session Summary Question: Update on Kentucky CPCN and capital investment - Management confirmed that the updated capital plan includes $2.5 billion for generation, with CPCN filings expected by the end of Q1 and a decision anticipated by Q4 [66][70] Question: Equity issuance timing and structure - Management indicated flexibility in timing equity issuances, estimating $400 to $500 million this year, with potential for other equity-like financing structures [73][76] Question: Resource adequacy in Pennsylvania - Management discussed ongoing legislative efforts and the potential for utilities to invest in generation resources, emphasizing the importance of energy policy [90][92] Question: Customer bills and affordability - Management reiterated a focus on affordability, stating that operational efficiencies will help keep average bill increases within inflation rates [101][102] Question: Rate base growth and earnings trajectory - Management explained that while rate base growth is accelerating, earnings growth may not immediately reflect this due to equity financing needs [126][127]

PPL Corporation (PPL) reported fourth-quarter 2024 operating earnings per share (EPS) of 34 cents, which missed the Zacks Consensus Estimate of 37 cents by 8.1%. In the year-ago quarter, earnings were 40 cents per share.On a GAAP basis, PPL recorded EPS of 24 cents compared with 15 cents in the year-ago quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.PPL’s RevenuesTotal revenues of $2.21 billion surpassed the Zacks Consensus Estimate of $2.09 billion by 5.6%. The top line incr ...

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, 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 Numbe ...

Management utilizes non-GAAP financial measures such as "earnings from ongoing operations" or "ongoing earnings" in this presentation. For additional information on non-GAAP financial measures and reconciliations to the appropriate GAAP measure, refer to the Appendix of this presentation and PPL's SEC filings. 2 Business Update Vince Sorgi President & Chief Executive Officer 4 th QUARTER 2024 INVESTOR UPDATE 4 th Quarter 2024 Investor Update February 13, 2025 PPL CORPORATION Cautionary Statements and Factor ...

PPL (PPL) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.11%. A quarter ago, it was expected that this energy and utility holding company would post earnings of $0.39 per share when it actually produced earnings of $0.42, delivering a surprise of 7.69%.Over the last four quarters, ...

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 2024 earnings results; updates business plan and extends growth targets through 2028 ALLENTOWN, Pa. (Feb. 13, 2025) – PPL Corporation (NYSE: PPL) today announced 2024 reported earnings (GAAP) of $888 million, or $1.20 per share, compared with 2023 reported earnings of $740 million, or $1.00 per share. Adjusting for special items, 2024 earni ...

Announces 2024 reported earnings (GAAP) of $1.20 per share. Achieves earnings from ongoing operations of $1.69 per share. Extends 6% to 8% annual EPS and dividend growth targets through at least 2028; expects to achieve EPS growth in the top half of targeted growth range. Increases capital plan to $20 billion from 2025 through 2028, resulting in average annual rate base growth of 9.8% over the period. Announces approximately 6% increase in quarterly common stock dividend. ALLENTOWN, Pa., Feb. 13, 2025 /PR ...

PPL Corporation (PPL) is expected to report an improvement in its top line and a decline in bottom line when it reports 2024 results on Feb. 13, before market open.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for PPL’s fourth-quarter revenues is pegged at $2.09 billion, indicating growth of 3.1% from the year-ago reported figure.The Zacks Consensus Estimate for earnings is pegged at 37 cents per share. The Zacks Consensus Estimate for PPL’s fourth- ...

Wall Street analysts expect PPL (PPL) to post quarterly earnings of $0.37 per share in its upcoming report, which indicates a year-over-year decline of 7.5%. Revenues are expected to be $2.09 billion, up 3.1% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 2.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to ...