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Power firm PPL Company (NYSE: PPL) Friday introduced monetary outcomes for the fourth quarter of 2023, reporting a lower in working revenues.
- Working revenues decreased to $2.03 billion within the last three months of 2023 from $2.29 billion a 12 months earlier
- Fourth-quarter web earnings declined to $113 million or $0.15 per share from $190 million or $0.26 per share in This fall 2022
- At $390 million, This fall working earnings was up 16% year-over-year
- The corporate elevated its capital plan to greater than $14 billion by 2027, elevating charge base development to six.3%
- PPL’s board of administrators introduced a 7.3% improve in quarterly dividend — from $0.24 per share to $0.2575 per share
- Wanting forward, the corporate expects full-year 2024 earnings to be within the vary of $1.63 per share to $1.75 per share
- The administration prolonged its aggressive 6-8% annual EPS and dividend development targets by no less than 2027
- The corporate raised deliberate infrastructure investments to $14.3 billion from 2024 to 2027, vs. $11.9 billion from 2023 to 2026