PPL公司（紐約證券交易所代碼：PPL）在報告其2024財年第四季度運營收入增長至22.11億美元后，股價下跌。公司超過了市場普遍預期的20.48億美元。然而，調整後的每股收益爲0.34美元，未達到預期的0.37美元。 電力銷售同比增長1%，其中PA受監管部分同比增長1.4%，KY受監管部分同比增加0.6%。營業收入從去年同期的3.90億美元減少至3.77億美元。 PPL公司的年經營活動提供的淨現金總額爲23.4億美元，而去年爲17.58億美元。公司完成了超過30億美元的基礎設施投資。據首席執行官文森特·索爾吉介紹，公司宣佈將季度普通股股息提高6%，從每股0.2575美元提高至0.2725美元。 此次提高的股息將於2025年4月1日支付給截至2025年3月10日的股東記錄。 展望未來，PPL預計2025年每股收益爲1.75美元至1.87美元，而市場預期爲1.83美元。PPL將其每年每股收益和股息增長目標的6%至8%延長至至少2028年，並預期每股收益增長將在該範圍的上半部分。公司還將其2025-2028年期間的基礎設施投資計劃提高至200億美元，高於此前2024-2027計劃中的143億美元。 這些投資預計將推動到2028年的平均年基數增長率達到9.8%，與之前計劃的6.3%相比。公司計劃在2025年進行43億美元的基礎設施投資。 PPL預計在2025年相較於2021年基準實現至少1.5億美元的年累計運營及維護效率。這一進展基於2023-2024年轉型舉措的成功以及在公司運營中實施的可擴展技術。 投資者可以通過Virtus Reaves Utilities ETF（紐約證券交易所代碼：UTES）和The Advisors Inner Circle Fund II Cullen Enhanced Equity Income ETF（紐約證券交易所代碼：DIVP）來接觸該股。 價格變動：截至週四最後一次檢查，PPL股價下跌1.07%，至34.15美元。

以上內容來自Benzinga Earnings專欄，原文如下：

PPL Corporation (NYSE:PPL) shares are trading lower after the company reported fourth-quarter FY24 operating revenue growth of $2.211 billion.

The company beat the consensus of $2.048 billion. Meanwhile, adjusted EPS was 34 cents and missed the consensus of 37 cents.

Electricity sales rose by 1% year over year (Y/Y), with the PA Regulated segment up 1.4% Y/Y and the KY Regulated segment increased by 0.6% Y/Y.

Operating income decreased to $377 million from $390 million in the prior year quarter. 

PPL’s net cash provided by operating activities in the year, totaled $2.34 billion, versus $1.758 billion a year ago.

PPL completed more than $3 billion in infrastructure investments, according to CEO Vincent Sorgi.

Dividend Boost: PPL disclosed a 6% increase in its quarterly common stock dividend, raising it from $0.2575 to $0.2725 per share.

The higher dividend will be payable on April 1, 2025, to shareholders of record as of March 10, 2025.

Outlook: PPL expects 2025 EPS of $1.75-$1.87 vs. consensus of $1.83.

PPL extended its 6% to 8% annual EPS and dividend growth targets through at least 2028. Company brass expects EPS growth to be in the upper half of the range.

PPL also raised its planned infrastructure investments to $20 billion for the 2025–2028 period. That’s up from the previous $14.3 billion planned for 2024–2027.

These investments are expected to drive an average annual rate base growth of 9.8% through 2028, compared to 6.3% under the prior plan.

The company is targeting $4.3 billion in infrastructure investments for 2025.

PPL anticipates achieving cumulative annual O&M efficiencies of at least $150 million in 2025, compared to its 2021 baseline.

This progress builds on the success of its 2023–2024 transformation initiatives and the implementation of scalable technologies across its operations.

Investors can gain exposure to the stock via Virtus Reaves Utilities ETF (NYSE:UTES) and The Advisors Inner Circle Fund II Cullen Enhanced Equity Income ETF (NYSE:DIVP).

Price Action: PPL shares are down 1.07% at $34.15 at the last check Thursday.

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