PPL Corp. has announced third-quarter 2024 reported earnings of $214 million, or 29 cents per share, compared with third-quarter 2023 reported earnings of $230 million, or 31 cents per share.

PPL reported earnings of $711 million, or 96 cents per share, for the first nine months of 2024, compared with reported earnings of $627 million, or 85 cents per share, for the first nine months of 2023.

Adjusting for special items, third-quarter 2024 earnings from ongoing operations (non-GAAP) were $310 million, or 42 cents per share, compared with $317 million, or 43 cents per share, a year ago.

Earnings from ongoing operations for the first nine months of 2024 were $994 million, or $1.34 per share, compared with $884 million, or $1.20 per share, for the first nine months of 2023.

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

“Based on our strong year-to-date financial performance and continued execution of our business plan, we’ve narrowed our 2024 ongoing earnings forecast range,” said Vincent Sorgi, president and chief executive officer of PPL Corp.

“As we work to close out the year, we are firmly on track to achieve our 2024 priorities,” Sorgi said. “This includes investing more than $3 billion in infrastructure improvements to make the grid more resilient to future storms and advance a safe, reliable, affordable and cleaner energy future. In addition, it includes achieving our targeted O&M savings to keep energy affordable for our customers.”

In third-quarter highlights, PPL completed the integration of Rhode Island Energy.

PPL subsidiaries Louisville Gas and Electric and Kentucky Utilities filed their triennial Integrated Resource Plan with the Kentucky Public Service Commission.

Other highlights included strong storm response in Kentucky to the remnants of Hurricane Helene, demonstrating the benefits of LG&E and KU’s continued investments in smart grid technology.