PPL Corp. reports Q2 EPS 32c, consensus 39c

Reports Q2 revenue $2.03B, two estimates $1.99B. The decline was “primarily due to several anticipated factors, including the timing of certain operating costs and true-ups, as well as favorable weather in the second quarter of 2024 and higher interest expense.” “Across PPL, we continue to gain momentum in executing our utility of the future strategy,” said CEO Vincent Sorgi. “We are significantly enhancing the reliability and resiliency of our electric and gas networks to better protect against severe weather. We are advancing a cleaner energy mix while maintaining our unwavering commitment to safety, affordability and reliability. Moreover, we are at the forefront of innovation, integrating cutting-edge technology across all aspects of our business to deliver superior outcomes for our customers and shareowners.”