NYSE$PPL

PPL Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported a net loss due to discontinued operations, but achieved earnings from ongoing operations.

PPL Corporation reported a first-quarter net loss of $1.84 billion, or $2.39 per share, but achieved earnings from ongoing operations of $219 million, or $0.28 per share. The net loss was primarily due to a net loss from discontinued operations associated with the U.K. utility business. The company is on track to close the sale of WPD by the end of July and expects to close the Narragansett Electric acquisition by March of next year.

  • Reported net loss (GAAP) of $2.39 per share, reflecting a $2.65 per share net loss from discontinued operations.
  • Achieved earnings from ongoing operations of $0.28 per share.
  • Advanced strategic repositioning of company; transactions remain on track to close.
  • On track to close the WPD sale by the end of July and expects to close the Narragansett Electric acquisition by March of next year.

Headline financials

Total Revenue

$1.5B

Previous: $2.05B-27.1%
EPS (adj)

$0.28

Previous: $0.67-58.2%
Capital Expenditures

-$471M

Previous: -$826M+43.0%
Free Cash Flow

-$2.31B

Previous: -$272M-749.6%
Net Income

-$1.84B

Previous: $554M-432.1%
Operating Income

$415M

Previous: $817M-49.2%
Gross Profit

$1.32B

Previous: $1.89B-30.1%
Cash & Equivalents

$421M

Previous: $915M-54.0%
Total Assets

$47.8B

Previous: $46.3B+3.1%

Revenue & EPS history

PPL · Revenue · Quarterly

$1.5B

Q1 2021-27.1%vs Q1 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

PPL is on track to close the WPD sale by the end of July and expects to close the Narragansett Electric acquisition by March of next year.

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 2021

Historical avgQ1 2021

+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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