PPL Corporation announced second-quarter 2024 reported earnings of $190 million, or 26 cents per share, compared with second-quarter 2023 reported earnings of $112 million, or 15 cents per share.

PPL reported earnings of $497 million, or 67 cents per share, for the first six months of 2024, compared with the reported earnings of $397 million, or 54 cents per share, for the first six months of 2023.

Adjusting for special items, second-quarter 2024 earnings from ongoing operations were $282 million, or 38 cents per share, compared with $215 million, or 29 cents per share, a year ago.

Earnings from ongoing operations for the first six months of 2024 were $684 million, or 92 cents per share, compared with $567 million, or 77 cents per share, for the first six months of 2023.

Special items in the second quarters and first six months of 2024 and 2023 primarily included integration and related expenses associated with the acquisition of Rhode Island Energy.

PPL’s forecast for 2024 earnings from ongoing operations remains $1.63 to $1.75 per share, with a midpoint of $1.69 per share.

In addition, PPL reaffirmed its projection of 6% to 8% annual earnings and dividend growth through at least 2027 based off the midpoint of its 2024 ongoing earnings forecast range.

The company also reaffirmed its targeted annual operation and maintenance savings of at least $175 million by 2026 from the company’s 2021 baseline, with a cumulative $120 million to $130 million of annual savings planned by the end of 2024.