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 ...

Core Points - PPL Corporation reported 2024 earnings of $888 million, or $1.20 per share, a 20% increase from 2023 earnings of $740 million, or $1.00 per share [1] - Adjusted earnings from ongoing operations for 2024 were $1.25 billion, or $1.69 per share, compared to $1.18 billion, or $1.60 per share in 2023, reflecting a 6% increase [1][2] - The company achieved its targeted earnings per share and dividend growth, completing over $3 billion in infrastructure investments [3][5] Financial Performance - Fourth-quarter 2024 reported earnings were $177 million, or $0.24 per share, up 57% from $113 million, or $0.15 per share in the fourth quarter of 2023 [2] - Adjusted fourth-quarter earnings from ongoing operations were $256 million, or $0.34 per share, down from $299 million, or $0.40 per share in the same quarter of 2023 [2][21] - The company achieved cumulative annual O&M savings of $120-$130 million in 2024, building on $75 million in savings from 2023 [6][12] Strategic Initiatives - PPL completed $3.1 billion in planned capital investments in 2024 to enhance grid resilience and advance a cleaner energy mix [5][10] - The company successfully integrated Rhode Island Energy into its operations, completing the transition services established during the acquisition [7] - PPL's updated business plan includes a forecasted earnings range of $1.75 to $1.87 per share for 2025, representing a 7% increase over the 2024 forecast midpoint [8][29] Growth Projections - PPL extended its annual EPS and dividend growth targets of 6% to 8% through at least 2028, with EPS growth expected in the top half of the range [9][11] - Planned infrastructure investments were increased to $20 billion from 2025 to 2028, resulting in an average annual rate base growth of 9.8% [10] - The company anticipates maintaining a strong balance sheet with projected equity needs of $2.5 billion over the plan period [11][12] Segment Performance - The Kentucky Regulated segment reported earnings of $0.83 per share in 2024, up from $0.75 in 2023 [16] - The Pennsylvania Regulated segment also saw an increase in earnings, reporting $0.78 per share in 2024 compared to $0.70 in 2023 [22] - The Rhode Island Regulated segment's earnings increased to $0.15 per share in 2024 from $0.13 in 2023, driven by higher distribution and transmission revenue [24]

Core Viewpoint - PPL Corporation is expected to report an increase in revenues but a decrease in earnings for the fourth quarter of 2024, with earnings estimates indicating a decline of 7.5% year-over-year while revenues are projected to grow by 3.1% [1][2]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for PPL's fourth-quarter revenues is $2.09 billion, reflecting a growth of 3.1% compared to the previous year [2]. - The earnings estimate for the fourth quarter is set at 37 cents per share, which represents a decline of 7.5% from the same quarter last year [2]. Earnings Surprise History - PPL has consistently beaten the Zacks Consensus Estimate in the last four quarters, with an average surprise of 9.85% [3][4]. Earnings Prediction Model - The current model does not predict a likely earnings beat for PPL this quarter, as the Earnings ESP is -0.67% and the Zacks Rank is 2 (Buy) [5][4]. Factors Influencing Earnings - PPL is experiencing load growth driven by increased demand for data centers in Pennsylvania and Kentucky, which is expected to positively impact fourth-quarter earnings [9]. - The company is implementing cost-saving initiatives, reducing Operation & Maintenance expenses by an average of 2.5% per year, which is likely to contribute to earnings growth [10]. Stock Performance and Valuation - PPL's shares have increased by 30.2% over the past year, outperforming the industry average of 20.8% [11]. - The company is currently valued at a premium compared to its industry on a forward 12-month P/E basis [14]. Regulatory Environment and Investment Recovery - PPL operates in a favorable regulatory environment, with over 60% of its capital investment plan subject to "contemporaneous recovery," which mitigates the impact of regulatory lag on earnings [15]. - The quick recovery of capital expenditures allows PPL to fund long-term projects more effectively [15]. Research and Development Initiatives - PPL is engaged in over 175 research and development projects in collaboration with more than 30 industry and academic partners, focusing on low-carbon energy technologies and enhancing network resiliency [16]. Financial Health - Credit rating agencies have upgraded PPL's credit ratings to positive, and as of September 30, 2024, the company had nearly $3 billion in unused credit capacity, enhancing its liquidity [17]. - The times-interest-earned ratio was 2.4 at the end of the third quarter of 2024, indicating strong capability to meet interest obligations [17]. Investment Consideration - PPL is positioned to benefit from rising energy demand, cost-saving initiatives, and effective capital expenditure recovery mechanisms, making it a potential addition to investment portfolios [18].

Core Viewpoint - Wall Street analysts anticipate a quarterly earnings per share (EPS) of $0.37 for PPL, reflecting a year-over-year decline of 7.5%, while revenues are projected to be $2.09 billion, representing a 3.1% increase from the previous year [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate has been revised upward by 2.8% over the last 30 days, indicating analysts' reassessment of their initial forecasts [1] - Analysts forecast 'Revenues- Pennsylvania Regulated' to reach $742.64 million, marking a 4.2% increase from the year-ago quarter [4] - 'Revenues- Rhode Island Regulated' is expected to be $509.35 million, indicating a 2.7% increase from the prior-year quarter [4] - 'Revenues- Kentucky Regulated' is projected to reach $850.25 million, reflecting a 3.6% increase from the year-ago quarter [4] Group 2: Stock Performance and Market Outlook - PPL shares have increased by 7.6% in the past month, outperforming the Zacks S&P 500 composite, which saw a 2.1% increase [4] - With a Zacks Rank 2 (Buy), PPL is expected to outperform the overall market performance in the near term [4]

ALLENTOWN, Pa., Feb. 7, 2025 /PRNewswire/ -- PPL Corporation (NYSE: PPL) announced today that the company's 2025 Annual Meeting of Shareowners will be held virtually. The Annual Meeting will convene live via the internet on Friday, May 16, 2025, at 9 a.m. Eastern time. Shareowners of record as of March 4, 2025, are eligible to vote and participate in the Annual Meeting. Instructions on how to join the meeting will be included in proxy materials that will be provided to shareowners. About PPLPPL Corporation, ...