PPL said reported earnings (GAAP) were $307 million, or $0.42 per share, for Q1 2024, compared with $285 million, or $0.39 per share, for Q1 2023. Ongoing earnings (non-GAAP) were $402 million, or $0.54 per share, compared with $352 million, or $0.48 per share, a year earlier.

1. 01

   PPL said reported earnings (GAAP) were $307 million, or $0.42 per share, for Q1 2024, compared with $285 million, or $0.39 per share, for Q1 2023. Ongoing earnings (non-GAAP) were $402 million, or $0.54 per share, compared with $352 million, or $0.48 per share, a year earlier.

2. 02

   The company said special items, net of tax, were a charge of $95 million, or $0.12 per share, in Q1 2024, compared with a charge of $67 million, or $0.09 per share, in Q1 2023. It said special items in both periods were primarily integration and related expenses associated with the acquisition of Rhode Island Energy.

3. 03

   The company reported net cash provided by operating activities of $282 million for Q1 2024, lower than $430 million for Q1 2023. Over the same period, expenditures for property, plant and equipment were $596 million, compared with $499 million a year earlier.

4. 04

   The company said it reaffirmed its 2024 ongoing earnings outlook range of $1.63 to $1.75 per share, with a midpoint of $1.69. It also reaffirmed its projected annual earnings and dividend growth of 6% to 8% through 2027, based on the midpoint of its 2024 outlook range.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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