PPL - Electric Company PPL Powers Past Q1 Estimates Eyes Bright Future | Benzinga
PPL Corporation (NYSE:PPL) shares are trading higher after first-quarter FY24 operating revenue growth of $2.304 billion, beating the consensus of $2.062 billion.
Electricity sales rose by 4.4% Y/Y, with the PA Regulated segment up 2.0% Y/Y and the KY Regulated segment increased by 7.6% Y/Y.
Operating income increased to $545 million from $498 million in the prior year quarter. Adjusted EPS was $0.54, beating the consensus of $0.50.
PPL's net cash provided by operating activities ...