NYSE$PPL

PPL Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported earnings and earnings from ongoing operations were announced.

PPL Corporation reported first-quarter GAAP earnings of $554 million, or $0.72 per share, compared to $466 million, or $0.64 per share, in the first quarter of 2019. Non-GAAP earnings were $514 million, or $0.67 per share, compared to $508 million, or $0.70 per share, a year ago.

  • Announced first-quarter reported earnings of $0.72 per share and earnings from ongoing operations of $0.67 per share.
  • Is well-positioned to manage challenges of COVID-19 and to continue to deliver electricity and gas safely and reliably to customers.
  • Has not changed 2020 earnings forecast range of $2.40 to $2.60 per share; will discuss financial risks and sensitivities related to COVID-19 during first-quarter earnings webcast.
  • Pledged more than $1.6 million in donations to coronavirus relief funds and programs that help customers with financial hardships.

Headline financials

Total Revenue

$2.05B

Previous: $2.08B-1.2%
EPS (adj)

$0.67

Previous: $0.70-4.3%
Capital Expenditures

-$826M

Previous: -$729M-13.3%
Free Cash Flow

-$272M

Previous: -$263M-3.4%
Net Income

$554M

Previous: $466M+18.9%
Operating Income

$817M

Previous: $781M+4.6%
Gross Profit

$1.89B

Previous: $1.89B+0.3%
Cash & Equivalents

$915M

Previous: $518M+76.6%
Total Assets

$46.3B

Previous: $44.6B+4.0%
Stock-Based Comp

$6M

Previous: $14M-57.1%

Revenue & EPS history

PPL · Revenue · Quarterly

$2.05B

Q1 2020-1.2%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

PPL has not changed its 2020 earnings forecast range of $2.40 to $2.60 per share and maintained its 2021 guidance range of $2.40 to $2.60 per share.

Tailwinds

  • Strong liquidity profile
  • Manageable near-term debt maturities
  • Confidence in its ability to refinance debt when needed
  • Flexible capital plan with no major project risks
  • No material equity needs through 2021

Headwinds

  • Pandemic's full scope
  • Pandemic's duration
  • Economic impact
  • Weather conditions affecting customer energy usage
  • Operating costs

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.1%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.3%

Avg return

30 days after

50%

36 / 72 earnings

Positive

+4.8%

Q2 2020

Best reaction

-4.7%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.6%-3.3%-2.8%
Q4 2025+1.5%+3.5%-1.1%
Q3 2025+0.3%+1.6%-6.6%
Q1 2025+0.3%-0.3%-4.5%
Q4 2024-0.3%-0.9%+1.1%
Q3 2024-1.5%-0.0%+7.3%
Q2 2024-0.9%+0.6%+5.3%
Q1 2024+1.7%+2.3%+6.8%
Q4 2023-0.1%+1.6%+0.7%
Q3 2023+2.7%+5.0%+7.2%
Q2 2023-2.0%-1.5%-7.0%
Q1 2023+0.9%+0.2%-6.9%
Q4 2022-2.2%-2.6%-5.7%
Q3 2022+0.8%+0.4%+9.8%
Q2 2022-1.7%-3.3%-0.5%
Q1 2022+1.2%-2.1%+3.3%
Q4 2021-4.7%-7.2%-5.2%
Q3 2021-2.0%-1.9%-2.2%
Q2 2021+2.8%+1.7%+5.8%
Q1 2021+1.1%+1.5%+0.2%
Q4 2020-1.4%-2.1%+5.4%
Q3 2020-1.1%+6.5%+2.5%
Q2 2020+4.8%+7.0%+2.2%
Q1 2020+4.0%+1.1%+23.7%
Q4 2019-1.0%-3.3%-24.4%
Q3 2019-0.5%+0.7%+2.5%
Q2 2019+2.8%+1.4%+3.9%
Q1 2019+0.4%-0.4%-4.3%
Q4 2018-1.5%-0.7%+5.9%
Q3 2018+1.4%+2.0%+0.6%
Q2 2018-1.6%-0.7%+6.5%
Q1 2018+0.9%-4.3%-6.0%
Q4 2017+0.8%-3.1%-9.9%
Q3 2017-1.8%-2.8%-3.4%
Q2 2017-0.4%-0.3%+0.4%
Q1 2017+1.4%+1.0%+5.5%
Q4 2016+1.3%+1.1%+5.3%
Q3 2016-1.3%-0.9%-3.6%
Q2 2016-1.7%-1.0%-4.6%
Q1 2016+2.1%
Q4 2015-1.4%
Q3 2015+2.9%
Q2 2015-0.9%
Q1 2015+1.6%
Q4 2014-1.7%
Q3 2014+3.6%
Q2 2014+0.0%
Q1 2014+1.4%
Q4 2013+0.8%
Q3 2013-0.1%
Q2 2013+0.5%
Q1 2013-1.6%
Q4 2012-0.2%
Q3 2012+1.3%
Q2 2012+3.7%
Q1 2012+0.4%
Q4 2011-0.6%
Q3 2011-0.3%
Q2 2011-0.6%
Q1 2011-0.1%
Q4 2010+0.3%
Q3 2010-0.5%
Q2 2010+1.8%
Q1 2009+0.2%
Q1 2010+1.4%
Q4 2009+0.4%
Q4 2007+0.4%
Q3 2008-2.1%
Q3 2009-2.1%
Q4 2008-0.3%
Q2 2008-0.3%
Q2 2009-0.3%

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