PPL Corporation announced third quarter 2022 reported earnings of $174 million, or 24 cents per share, compared with third-quarter 2021 reported earnings of $207 million, or 27 cents per share.

PPL reported earnings of $566 million, or 77 cents per share, for the first nine months of 2022, compared with the reported net loss of $1.61 billion, or $2.10 per share, for the first nine months of 2021.

Adjusting for special items, third-quarter 2022 earnings from ongoing operations) were $305 million, or $0.41 per share, compared with $277 million, or $0.36 per share, a year ago.

Earnings from ongoing operations for the first nine months of 2022 were $832 million, or $1.13 per share, compared with $643 million, or $0.83 per share, for the first nine months of 2021.

“As we execute our strategy to create technology-enabled utilities of the future and deliver the clean energy transition reliably and affordably, we continue to demonstrate strong operational and financial performance,” said PPL President and Chief Executive Officer Vincent Sorgi. “Based on our financial performance year-to-date, we have increased the midpoint of our earnings forecast from $1.37 per share to $1.40 per share.”

PPL also narrowed its 2022 ongoing earnings forecast to a range of $1.35 to $1.45 per share from the prior forecast range of $1.30 to $1.45 per share. As with the prior forecast, PPL’s narrowed 2022 ongoing earnings guidance reflects a partial-year estimate of contributions from Rhode Island Energy, with the acquisition completed by PPL on May 25.