PPL Corp. (PPL) Tops Q2 EPS by 5c; offers guidance
PPL Corp. (NYSE: PPL) reported Q2 EPS of $0.38, $0.05 better than the analyst estimate of $0.33. Revenue for the quarter came in at $1.88 billion versus the consensus estimate of $1.92 billion.
GUIDANCE
PPL's forecast for 2024 earnings from ongoing operations remains $1.63 to $1.75 per share versus the consensus of $1.71
In addition, PPL reaffirmed its projection of 6% to 8% annual earnings and dividend growth through at least 2027 based off the midpoint of its 2024 ongoing earnings forecast range.
The company also reaffirmed its targeted annual operation and maintenance savings of at least $175 million by 2026 from the company's 2021 baseline, with a cumulative $120-$130 million of annual savings planned by the end of 2024.
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