NYSE$PPL

PPL Corp · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

PPL Corporation reported strong revenue growth in Q4 2024, increasing 8.85% year-over-year. However, adjusted EPS declined by 15.00% due to higher costs and lower earnings from ongoing operations. Net income saw a significant increase of 56.64%, driven by improved operational efficiency and strategic investments in infrastructure.

Headline financials

Total Revenue

$2.21B

Previous: $2.03B+8.9%
EPS (adj)

$0.34

Previous: $0.40-15.0%
PA Retail Delivered (GWh)

8.9K

No prior period
KY Retail Delivered (GWh)

6.8K

No prior period
KY Wholesale (GWh)

134

No prior period
Total Electricity Sales (GWh)

15.9K

No prior period
Capital Expenditures

-$860M

Previous: -$649M-32.5%
Net Income

$177M

Previous: $113M+56.6%
Operating Income

$377M

Previous: $390M-3.3%
Gross Profit

$1.35B

Previous: $1.21B+11.6%

Revenue & EPS history

PPL · Revenue · Quarterly

$2.21B

Q4 2024+8.9%vs Q4 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

PPL expects a strong 2025 with 7.1% EPS growth, increased infrastructure investments, and efficiency improvements.

Tailwinds

  • 2025 EPS guidance midpoint at $1.81, representing 7.1% growth.
  • Planned $4.3 billion infrastructure investments in 2025.
  • Dividend increased by approximately 6%.
  • Annual rate base growth projected at 9.8% through 2028.
  • Continued efficiency gains with targeted O&M savings.

Headwinds

  • Higher interest expenses impacting profitability.
  • Lower earnings from ongoing operations in Q4.
  • Margin pressures due to rising costs.
  • Potential equity needs of $2.5 billion through 2028.
  • Regulatory and economic uncertainties in the energy sector.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.2%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.4%

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 2026-2.3%-3.3%
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 2007+0.4%
Q4 2009+0.4%
Q3 2008-2.1%
Q3 2009-2.1%
Q2 2009-0.3%
Q2 2008-0.3%
Q4 2008-0.3%

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