PPL Corp. (PPL) Misses Q4 EPS by 2c, Revenues Miss

PPL Corp. (NYSE: PPL) reported Q4 EPS of $0.59, $0.02 worse than the analyst estimate of $0.61. Revenue for the quarter came in at $1.93 billion versus the consensus estimate of $2.12 billion.

"In the face of a global pandemic, PPL demonstrated its resilience, providing electricity and natural gas safely and reliably to first responders and more than 10 million customers, giving them one less thing to worry about in an uncertain world," said PPL President and Chief Executive Officer Vincent Sorgi.

• Announces 2020 reported earnings of $1.91 per share.
• Delivers 2020 earnings from ongoing operations of $2.40 per share, achieving results within original forecast range despite COVID-19 impacts.
• Declares quarterly dividend of $0.4150 per share.

"As the pandemic necessitated changes to the way we work, we responded quickly and effectively, achieving award-winning customer satisfaction, completing more than $3 billion in infrastructure improvements, advancing our clean energy strategy, and supporting COVID-19 relief for individuals and families struggling in our communities.

"In addition, as COVID-19 forced lockdowns and business closures, we positioned PPL to weather the economic downturn and managed the financial impact, achieving our earnings guidance and delivering on our commitment to return capital to shareowners."

For earnings history and earnings-related data on PPL Corp. (PPL) click here.

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