PPL Q4 Earnings Fall Shy of Estimates, Revenues Decline Y/Y

www.investing.com/analysis/ppl-q4-earnings-fall-shy-of-estimates-revenues-decline-yy-200561688

By Zacks Investment Research | Feb 18, 2021 12:40AM ET

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PPL Corporation (NYSE:PPL) PPL reported fourth-quarter 2020 adjusted earnings per share of 59 cents, which missed the Zacks Consensus Estimate of 61 cents by 3.3%. However, the bottom line improved 4% year over year.

On a GAAP basis, the company generated earnings per share of 38 cents compared with 48 cents in the year-ago quarter.

Total Revenues

PPL Corp. posted revenues of $1,929 million for the fourth quarter, which dipped 1.3% year over year.

PPL Corporation Price, Consensus and EPS Surprise

PPL Corporation price-consensus-eps-surprise-chart | PPL Corporation Quote

Operational Highlights

PPL Corp.’s total operating expenses fell 2.9% year over year to $1,225 million for the reported quarter.

The company reported operating income of $704 million, up 1.6% from the prior-year quarter.

Interest expenses were up 1.2% to $251 million from the year-ago quarter’s $248 million.

Segment Results

U.K. Regulated: Adjusted earnings dipped 2.9% from the prior-year quarter to 34 cents per share.

Kentucky Regulated: Adjusted earnings were 11 cents per share, up 10% from the year-ago figure.

Pennsylvania Regulated: Adjusted earnings of 16 cents per share were in line with the prior-year number.

Corporate and Other: The segment reported a loss of 2 cents for the quarter, narrower than a loss of 4 cents in the prior-year quarter.

Financial Position

As of Dec 31, 2020, the company had cash and cash equivalents of $708 million compared with $815 million on Dec 31, 2019.

Long-term debt (excluding debts due within a year) was $21,553 million as of Dec 31 compared with $20,721 million at 2019 end.

Net cash provided by operating activities in 2020 was $2,746 million compared with $2,427 million in 2019.

Zacks Rank

Currently, PPL Corp. carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Other Utility Releases

NextEra Energy (NYSE:NEE), Inc. NEE reported fourth-quarter 2020 adjusted earnings of 40 cents per share, which beat the Zacks Consensus Estimate of 39 cents by 2.6%.

Xcel Energy Inc (NASDAQ:XEL). XEL posted fourth-quarter 2020 operating earnings of 54 cents per share, matching the Zacks Consensus Estimate.

WEC Energy Group (NYSE:WEC) WEC delivered fourth-quarter 2020 earnings per share of 76 cents, topping the Zacks Consensus Estimate of 74 cents by 2.7%.

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PPL Q4 Earnings Fall Shy of Estimates, Revenues Decline Y/Y

Total Revenues

PPL Corporation Price, Consensus and EPS Surprise

Operational Highlights

Segment Results

Financial Position

Zacks Rank

Other Utility Releases

Zacks Names “Single Best Pick to Double”

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