PPL Corporation (PPL - Free Report) 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.
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, Inc. (NEE - Free Report) 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. (XEL - Free Report) posted fourth-quarter 2020 operating earnings of 54 cents per share, matching the Zacks Consensus Estimate.
WEC Energy Group (WEC - Free Report) 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 Corporation (PPL - Free Report) 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.
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, Inc. (NEE - Free Report) 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. (XEL - Free Report) posted fourth-quarter 2020 operating earnings of 54 cents per share, matching the Zacks Consensus Estimate.
WEC Energy Group (WEC - Free Report) delivered fourth-quarter 2020 earnings per share of 76 cents, topping the Zacks Consensus Estimate of 74 cents by 2.7%.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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