The earnings call highlights strong financial performance and significant infrastructure and data center development, while facing challenges in new generation costs and operational expenses. The overall outlook remains positive with planned investments and growth strategies.
Company Guidance
During the PPL Corporation's Q3 2024 earnings call, the company provided updated guidance, narrowing its ongoing earnings forecast for 2024 to a range of $1.67 to $1.73 per share from the previous $1.63 to $1.75 per share, setting the midpoint at $1.70 per share. This adjustment reflects the company's strong year-to-date performance, with third quarter GAAP earnings reported at $0.29 per share and ongoing operations earnings at $0.42 per share. PPL is on track to meet its annual operations and maintenance savings target of $120 million to $130 million, compared to its 2021 baseline, and anticipates achieving 6% to 8% annual earnings per share and dividend growth through at least 2027. Furthermore, the company plans to complete approximately $3.1 billion in infrastructure improvements in 2024, with a larger $14.3 billion investment slated from 2024 to 2027.
Strong Financial Performance
Third quarter GAAP earnings were $0.29 per share, with ongoing operations earnings at $0.42 per share. The 2024 ongoing earnings forecast was narrowed to $1.67 to $1.73 per share and the midpoint increased to $1.70 per share.
Infrastructure and Investment Achievements
PPL is on track to complete $3.1 billion in infrastructure improvements in 2024 and is positioned to achieve 6% to 8% annual earnings per share and dividend growth through at least 2027.
Data Center Development
There is over 39 gigawatts of potential data center load in Pennsylvania with 8 gigawatts in advanced stages, representing $600 million to $700 million in incremental capital needs.
Integration Success
Completed the integration of Rhode Island Energy into PPL, exiting over 130 transition services since May 2022.
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PPL (PPL) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PPL Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 01, 2024
$32.31
$31.31
-3.10%
Aug 02, 2024
$29.84
$30.16
+1.07%
May 01, 2024
$26.78
$27.31
+1.98%
Feb 16, 2024
$25.56
$25.74
+0.70%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ppl Corp. (PPL) report earnings?
Ppl Corp. (PPL) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is Ppl Corp. (PPL) earnings time?
Ppl Corp. (PPL) earnings time is at Feb 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.