PPL - PPL Corporation (PPL) Q4 2023 Earnings Call Transcript

2024-02-16 15:16:03 ET

PPL Corporation (PPL)

Q4 2023 Earnings Conference Call

February 16, 2024 11:00 AM ET

Company Participants

Andy Ludwig - VP, IR

Vince Sorgi - President and CEO

Joe Bergstein - CFO

Conference Call Participants

Shar Pourreza - Guggenheim Partners

Durgesh Chopra - Evercore ISI

Angie Storozynski - Seaport

Paul Zimbardo - Bank of America

Anthony Crowdell - Mizuho

David Paz - Wolfe

Presentation

Operator

Good day, and welcome to the PPL Corporation Fourth Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Andy Ludwig, Vice President of Investor Relations. Please go ahead.

Andy Ludwig

Good morning everyone and thank you for joining the PPL Corporation conference call on fourth quarter and full year 2023 financial results. We have provided slides for this presentation on the Investors section of our website.

We begin today’s call with updates from Vince Sorgi, PPL President and CEO; and Joe Bergstein, Chief Financial Officer and conclude with a Q&A session following our prepared remarks.

Before we get started, I’ll draw your attention to Slide 2 and a brief cautionary statement. Our presentation today contains forward-looking statements about future operating results or other future events. Actual results may differ materially from these forward-looking statements. Please refer to the appendix of this presentation and PPL’s SEC filings for a discussion of some of the factors that could cause actual results to differ from the forward-looking statements.

We will also refer to non-GAAP measures including earnings from ongoing operations or ongoing earnings on this call. For reconciliations to the comparable GAAP measures, please refer to the appendix.

I’ll now turn the call over to Vince.

Vince Sorgi

Thank you, Andy and good morning everyone. Welcome to our fourth quarter and year end investor update. I'm excited for today's call as we closed out 2023 in strong fashion and our future continues to look very bright. And I look forward to highlighting why that is on today's call.

Turning to Slide 4. I'm very proud of what our PPL team was able to accomplish in 2023. In short, it was a year of challenges met and promises kept. Most importantly, we delivered electricity and natural gas safely and reliably to our more than 3.5 million customers....

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