PPL Corporation ( (PPL) ) has released its Q4 earnings. Here is a breakdown of the information PPL Corporation presented to its investors.
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PPL Corporation, headquartered in Allentown, Pennsylvania, is a prominent U.S. energy company engaged in the safe and reliable provision of electricity and natural gas to approximately 3.5 million customers, focusing on building advanced power grids and offering sustainable energy solutions.
In its latest earnings report, PPL Corporation disclosed a reported earnings of $1.20 per share for 2024, showing an increase from the previous year. The company also highlighted its ongoing operations earnings of $1.69 per share and announced a promising business plan that extends its growth targets through 2028.
Key financial metrics from the report indicate a 20% increase in reported earnings, reaching $888 million compared to $740 million in the previous year. PPL achieved a 6% increase in earnings from ongoing operations, alongside the completion of $3.1 billion in infrastructure investments aimed at strengthening the grid. Additionally, the company announced a 6% increase in its quarterly common stock dividend.
Looking forward, PPL Corporation projects a 2025 earnings range of $1.75 to $1.87 per share, with a midpoint representing a 7% increase over the previous year’s forecast. It plans to invest $20 billion from 2025 through 2028, boosting its infrastructure development and aiming for significant rate base growth.
PPL Corporation’s management remains optimistic about the future, maintaining a focus on creating advanced, cleaner utilities and ensuring value for customers and shareholders through strategic investments and operational efficiencies.
