1st Quarter Investor Update
ppl 1st Quarter Highlights
Reported Q1 2023 GAAP results of $0.39 per share and ongoing earnings
of $0.48 per share
Reaffirmed 2023 ongoing earnings forecast range of $1.50 to $1.65 per
share and midpoint of $1.58 per share
Provided strong Q1 storm response to our customers
➤ Continued progress on integration of Rhode Island Energy
➤ Advanced regulatory proceedings in Rhode Island and Kentucky
Successfully executed financing plan and reduced interest rate exposure
On track to complete ~$2.5 billion of capital investments in 2023;
Reaffirmed $12 billion capital investment plan through 2026
Reaffirmed annual earnings per share and dividend growth of 6% - 8%
through at least 2026
(1)
Note: See Appendix for the reconciliation of reported earnings to earnings from ongoing operations.
(1) Refers to PPL's projected earnings per share growth from 2023 to 2026 and targeted dividend per share growth in line with EPS.
Rhode Island
Energy
a PPL company
4
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