PPL Q3 reported EPS falls to $0.29 from $0.31; 2024 earnings forecast narrowed to $1.67-$1.73
PPL reported third-quarter 2024 GAAP earnings of $214 million, or $0.29 per share, down from $0.31 a year earlier, while ongoing earnings were $0.42 per share versus $0.43. The company narrowed its 2024 ongoing earnings forecast to $1.67 to $1.73 per share, raising the midpoint by a penny to $1.70, and reaffirmed 6% to 8% annual earnings and dividend growth through at least 2027.
Key points
- Q3 2024 revenue was $2,066 million, up from $2,043 million in Q3 2023; Q3 reported net income was $214 million versus $230 million.
- Nine-month 2024 ongoing earnings were $994 million, or $1.34 per share, compared with $1.20 per share in the first nine months of 2023.
- 2024 ongoing earnings forecast narrowed to $1.67 to $1.73 per share from $1.63 to $1.75; midpoint rose to $1.70 from $1.69.
- Special items, primarily Rhode Island Energy integration costs, reduced Q3 reported earnings by $96 million after tax, or $0.13 per share.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.