PPL Corporation announced second-quarter 2023 reported earnings of $112 million, or 15 cents per share, compared with second-quarter 2022 reported earnings of $119 million, or 16 cents per share.

PPL reported earnings of $397 million, or $0.54 per share, for the first six months of 2023, compared with the reported earnings of $392 million, or $0.53 per share, for the first six months of 2022.

Adjusting for special items, second-quarter 2023 earnings from ongoing operations were $215 million, or 29 cents per share, compared with $222 million, or 30 cents per share, a year ago.

Earnings from ongoing operations for the first six months of 2023 were $567 million, or 77 cents per share, compared with $527 million, or 71 cents per share, for the first six months of 2022.

Special items in the second quarters of 2023 and 2022 primarily included integration and related expenses associated with the acquisition of Rhode Island Energy.

“While mild weather and increased storm activity in our service territories have impacted year-to-date financial results, we remain confident in our ability to deliver on our 2023 ongoing earnings forecast as we expect to offset these impacts through several areas,” said PPL Corporation President and Chief Executive Officer Vincent Sorgi. “This includes higher distribution rider revenues in Pennsylvania, better than expected execution of our Rhode Island Energy integration, lower interest costs due to our convertible issuance earlier this year, and additional savings through effective O & M management.”

PPL reaffirmed its 2023 ongoing earnings forecast range of $1.50 to $1.65 per share, with a midpoint of $1.58 per share.