PPL(PPL)
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PPL(PPL) - 2022 Q1 - Quarterly Report
2022-05-05 15:58
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, 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 Number | Identific ...
PPL(PPL) - 2021 Q4 - Earnings Call Transcript
2022-02-18 20:36
PPL Corporation (NYSE:PPL) Q4 2021 Earnings Conference Call February 18, 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 Shar Pourreza - Guggenheim Partners Paul Zimbardo - Bank of America Durgesh Chopra - Evercore ISI Paul Patterson - Glenrock Associates Michael Lapides - Goldman Sachs Steve Fleishman - Wolfe Re ...
PPL(PPL) - 2021 Q4 - Annual Report
2022-02-18 17:06
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, 2021 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(PPL) - 2021 Q3 - Earnings Call Presentation
2021-11-22 11:15
PPL 3rd Quarter Investor Update | November 4, 2021 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 provisi ...
PPL(PPL) - 2021 Q3 - Earnings Call Transcript
2021-11-04 18:32
Financial Data and Key Metrics Changes - The company reported third quarter earnings of $0.27 per share, reflecting special items of $0.09 per share related to debt extinguishment losses [38] - Adjusted earnings from ongoing operations were $0.36 per share, up from $0.30 per share a year ago, bringing year-to-date earnings to $0.83 per share [38][39] Business Line Data and Key Metrics Changes - The Pennsylvania regulated segment recorded earnings of $0.16 per share, a decrease of $0.01 per share compared to the previous year, primarily due to higher operations and maintenance expenses [39] - The Kentucky regulated segment reported earnings of $0.21 per share, an increase of $0.04 per share compared to Q3 2020, driven by higher base retail rates and lower interest expenses [39] Market Data and Key Metrics Changes - The company continues to focus on grid modernization and resilience, with plans for at least $1 billion in incremental capital investments in Pennsylvania and Kentucky through 2025 [12][13] - The company has allocated an additional $500 million for share repurchases, expecting to repurchase approximately $1 billion of common stock by year-end [13][14] Company Strategy and Development Direction - The company is advancing its Clean Energy strategy with a goal of net-zero carbon emissions by 2050, including renewable power purchase agreements and partnerships for carbon capture technology [15][16][19] - The acquisition of Narragansett Electric is a key strategic move, with four out of five necessary regulatory approvals secured [6][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in emerging as a leading U.S. energy company post-transformation, focusing on delivering utilities of the future and driving long-term value [41] - The company anticipates a competitive EPS growth rate of 4% to 8%, with most expectations in the tighter range of 5% to 7% [76] Other Important Information - The company has been recognized for its customer service and innovation, with awards for vegetation management and dynamic line rating technology [28][30] - A significant economic development announcement includes plans for a $6 billion electric battery complex in Kentucky, expected to have a positive impact on local communities [32][33] Q&A Session Summary Question: Allocation of $1 billion in new CapEx - Management indicated that the allocation will focus on grid modernization and resilience, with a balanced approach across Pennsylvania and Kentucky [46][49] Question: Thoughts on remaining unallocated portion between CapEx and buybacks - Management emphasized that investing in utilities is a priority, and they aim to fund capital needs without issuing equity [52][54] Question: Clarification on utility CapEx and equity content - Management clarified that the announced CapEx is primarily asset-based, and they are focused on maintaining financial strength to execute robust business plans [60][110] Question: EPS growth trajectory - Management reiterated expectations for a competitive EPS growth rate of 4% to 8%, with a tighter range of 5% to 7% anticipated [76] Question: Impact of supply chain issues on CapEx implementation - Management acknowledged some extended lead times on materials but does not expect significant delays in current projects [100]
PPL(PPL) - 2021 Q3 - Quarterly Report
2021-11-04 16:28
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 September 30, 2021 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 Number | Ident ...
PPL(PPL) - 2021 Q2 - Earnings Call Presentation
2021-08-06 19:26
PPL 2nd Quarter Investor Update | August 5, 2021 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 provision ...
PPL(PPL) - 2021 Q2 - Earnings Call Transcript
2021-08-05 18:47
PPL Corporation (NYSE:PPL) Q2 2021 Earnings Conference Call August 5, 2021 11:00 AM ET Company Participants Vincent Sorgi - President and Chief Executive Officer Andy Ludwig - Vice President, Investor Relations Joseph Bergstein - Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Durgesh Chopra - Evercore ISI Julien Dumoulin - Bank of America Paul Patterson - Glenrock Associates Steve Fleishman - Wolfe Research Operator Good day, and welcome to the PPL Corporation Secon ...
PPL(PPL) - 2021 Q2 - Quarterly Report
2021-08-05 15:59
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, 2021 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 Number | Identifica ...
PPL(PPL) - 2021 Q1 - Earnings Call Presentation
2021-05-07 23:53
PPL 1st Quarter Earnings Call | May 6, 2021 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 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 of the Private Securities ...