Published August 20. 2022 08:02AM
PPL Corporation announced second-quarter 2022 reported earnings of $119 million, or 16 cents per share, compared with second-quarter 2021 reported earnings of $19 million, or 3 cents per share.
PPL reported earnings of $392 million, or 53 cents per share, for the first six months of 2022, compared with the reported net loss of $1.82 billion, or $2.37 per share, for the first six months of 2021.
Adjusting for special items, second-quarter 2022 earnings from ongoing operations were $222 million, or 30 cents per share, compared with $147 million, or 19 cents per share, a year ago.
Earnings from ongoing operations for the first six months of 2022 were $527 million, or 71 cents per share, compared with $366 million, or 47 cents per share, for the first six months of 2021.
Special items in the second quarter of 2022 primarily included integration expenses associated with the acquisition of Rhode Island Energy.
Special items in 2021 included a noncash net loss from discontinued operations associated with PPL’s former U.K. utility business.