PPL Corporation (PPL), headquartered in Allentown, Pennsylvania, is an energy company that provides electricity and natural gas to more than 3.5 million customers in the U.S. Valued at $21.39 billion by market cap, the company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island. It also delivers natural gas to customers in Kentucky and Rhode Island and generates electricity from power plants in Kentucky. The electricity and natural gas utility is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Friday, Aug. 2.
Ahead of the event, analysts expect PPL to report a profit of $0.31 per share on a diluted basis, up 6.9% from $0.29 per share in the year-ago quarter. The company beat the consensus estimates in two of the last four quarters while missing on two other occasions.
