Dividend Spark & Long-Term Glow: PPL Outshines Q4 Estimates

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PPL Corp (NYSE:PPL) reported fourth-quarter FY23 operating revenue growth of $2.03 billion, beating the consensus of $1.90 billion.

Electricity Sales dropped by 5.0% Y/Y, with the PA Regulated segment down 4.2% and KY Regulated segment down by 5.9%.

Operating income increased to $390 million from $336 million in the prior year quarter. Adjusted EPS was $0.40, beating the consensus of $0.38.

PPL’s net cash provided by operating activities in the year, totaled $1.76 billion, versus $1.73 billion a year ago.

PPL President and Chief Executive Officer Vincent Sorgi said, “Despite …

Full story available on Benzinga.com


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