The chart below shows how PPL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PPL sees a -1.30% change in stock price 10 days leading up to the earnings, and a +1.65% change 10 days following the report. On the earnings day itself, the stock moves by -0.01%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Earnings Performance Overview: Third quarter GAAP earnings of $0.29 per share, with ongoing operations earnings of $0.42 per share, reflecting strong year-to-date performance.
Earnings Forecast Adjustment: The 2024 ongoing earnings forecast was narrowed to $1.67 to $1.73 per share, an increase from the previous range of $1.63 to $1.75 per share.
Infrastructure Improvement Investment: We are on track to complete approximately $3.1 billion in infrastructure improvements this year to advance a reliable, resilient, affordable, and cleaner energy future for our customers.
Earnings and Dividend Growth: We are well positioned to achieve our projected 6% to 8% annual earnings per share and dividend growth through at least 2027.
Capital Improvement Plan: We are executing our capital plan, which includes $14.3 billion in infrastructure improvements from 2024 to 2027, with continued potential upside driven by data center connections.
Negative
Earnings Per Share Decline: Third quarter GAAP earnings were $0.29 per share, a decrease from $0.31 per share in Q3 2023.
Earnings Per Share Decline: Third quarter earnings from ongoing operations were $0.42 per share, a decrease of $0.01 per share compared to Q3 2023.
Rising Operating Costs: Operating costs increased due to higher storm costs, increased vegetation management, and an increase in uncollectibles.
Kentucky Segment Performance: Kentucky segment results were flat compared to the third quarter of 2023, driven by higher operating costs in several areas.
Segment Results Decline: Pennsylvania regulated segment results decreased by $0.01 per share compared to the same period last year, primarily due to higher operating costs.
PPL Corporation (PPL) Q3 2024 Earnings Call Transcript
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