April 30, 2025
— Jeff Ward, Lehigh Valley News Briefs
PPL, the Allentown-based energy company, reported first-quarter adjusted earnings of 60 cents per share and affirmed its 2025 earnings forecast
The adjusted EPS beat the 53-cent consensus of five Wall Street analysts compiled by Zacks Investment. The company will discuss results during an 11 a.m. conference call today.
First-quarter profit based on GAAP (Generally Accepted Accounting Principles) was $414 million or 56 cents per share. GAAP results do not include adjustments for one-time items.
PPL Chief Executive and President Vincent Sorgi said the company is still seeing “strong interest from data center developers in Pennsylvania and Kentucky,” in a company statement.
PPL reaffirmed its 2025 ongoing (adjusted) earnings forecast range of $1.75 to $1.87 per share with a midpoint of $1.81 per share.
Also in today’s earnings report, “the company reaffirmed its projection of 6% to 8% annual earnings per share (EPS) and dividend growth through at least 2028, with EPS growth expected to be in the top half of the targeted range. The company’s projected growth is based off its 2025 forecast midpoint of $1.81 per share.”
PPL shares (NYSE:PPL) closed Tuesday at $36.39 per share. In the last 52 weeks, PPL has traded as high as $36.66 and as low as $27.24.
The company serves about 3.6 million customers in Pennsylvania, Rhode Island and Kentucky.
— Disclosure: I own shares of PPL.
Lehigh Valley News Briefs 