NYSE$PPL

PPL Corp · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

PPL Corporation reported first-quarter earnings with GAAP EPS of $0.42 and non-GAAP EPS of $0.54, reaffirming its 2024 ongoing earnings forecast.

PPL Corporation announced first-quarter 2024 reported earnings of $307 million, or $0.42 per share. Earnings from ongoing operations (non-GAAP) were $402 million, or $0.54 per share. The company reaffirmed its 2024 ongoing earnings forecast range of $1.63 to $1.75 per share.

  • Reported earnings (GAAP) per share of $0.42 in Q1 2024.
  • Ongoing earnings per share of $0.54 in Q1 2024, a 12.5% increase from $0.48 in 2023.
  • Reaffirmed 2024 ongoing earnings forecast range of $1.63 to $1.75 per share.
  • Reaffirmed projected annual earnings per share and dividend growth of 6% to 8% through at least 2027.

Headline financials

Total Revenue

$2.3B

Previous: $2.42B-4.6%
EPS (adj)

$0.54

Previous: $0.48+12.5%
PA Retail Delivered (GWh)

9.6B

No prior period
KY Retail Delivered (GWh)

7.5B

No prior period
KY Wholesale (GWh)

167.0M

No prior period
Total Electricity Sales (GWh)

17.2B

No prior period
Capital Expenditures

-$596M

Previous: $499M-219.4%
Net Income

$307M

Previous: $285M+7.7%
Operating Income

$545M

Previous: $498M+9.4%
Gross Profit

$649M

Previous: $921M-29.5%

Revenue & EPS history

PPL · Revenue · Quarterly

$2.3B

Q1 2024-4.6%vs Q1 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

PPL's 2024 earnings from ongoing operations forecast range is $1.63 to $1.75 per share, with a midpoint of $1.69 per share.

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 2024

Historical avgQ1 2024

+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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