ADVFN - Advanced Financial Network.
HOME» NYSE » P » PPL Stock Price » PPL Stock News

Ppl Share News

 Ppl Corp Stock Price
PPL Stock Price
 Ppl Corp Stock Chart
PPL Stock Chart
 Ppl Corp Stock News
PPL Stock News
 Ppl Corp Company Information
PPL Company Information
 Ppl Corp Stock Trades
PPL Stock Trades

PPL 4Q Net Up 13% As Revenue Doubles; Raises Dividend

DOW JONES NEWSWIRES PPL Corp.'s (PPL) fourth-quarter earnings rose 13% as revenue more than doubled and the operator of utilities and power plants raised its dividend by 2.9%. PPL closed deals totaling more than $14 billion last year to purchase two Kentucky utilities and a U.K. electric distribution business in an effort to boost its exposure to regulated power markets, which have generated more robust returns of late. The company's merchant power business, which for now remains PPL's main top-line contributor, has seen its results under pressure as the price of natural gas languishes. PPL reported a profit of $401 million, up from $355 million a year earlier. On a per-share basis, earnings fell to 69 cents from 73 cents, due to more shares outstanding in the most-recent quarter. Excluding items such as acquisition and integration costs, earnings fell to 70 cents from 83 cents. Revenue soared to $4.22 billion from $1.86 billion a year earlier. Analysts polled by Thomson Reuters had most recently forecast earnings of 62 cents on revenue of $3.04 billion. Operating margin fell to 20.4% from 34.5%. The company increased its quarterly dividend to 36 cents from 35 cents. PPL also forecast full-year earnings of $2.15 to $2.45 a share, which reflects its expected decline in margins at its competitive-market supply segment. Analysts surveyed by Thomson Reuters were expecting $2.41 a share. PPL said higher-value hedge contracts executed amid higher commodity prices are expiring and being replaced by hedge contracts at lower prices. Shares closed Thursday at $27.71 and were inactive premarket. The stock has fallen 5.8% so far this year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283;

Stock News for Ppl (PPL)
11/23/201516:13:28Current Report Filing (8-k)
11/20/201508:58:00PPL to Pay Quarterly Stock Dividend Jan. 4
11/19/201510:45:00New PPL Electric Utilities Rates Will Fund More Work to Cut Outages
11/06/201511:21:44Current Report Filing (8-k)
11/02/201512:48:00PPL Presentation to be Webcast from 50th Edison Electric Institute...
10/29/201509:12:00PPL Corp Posts Profit Decline Following Spinoff
10/29/201508:32:48Current Report Filing (8-k)
10/29/201506:55:00PPL Corporation Reports Third-Quarter Earnings
10/28/201517:40:00Runaway Military Blimp Lands in Pennsylvania
10/28/201516:30:00PPL Electric Utilities Seeks Approval for First Segment Of Proposed...
10/28/201516:21:00PPL Electric Utilities assessing apparent damage from runaway...
10/26/201521:59:19The DGI Plan Third Quarter 2015 Review
10/19/201510:24:00PPL Corporation to Conduct Webcast on 2015 Third-Quarter Earnings...
10/18/201520:15:00Paringa Contracts Future Coal Sales Totaling US$220 Million With...
10/08/201509:10:00Talen Energy to Sell Three Power Plants
10/08/201508:46:00Talen Energy to Sell Three Power Plants
10/05/201513:04:03Statement of Changes in Beneficial Ownership (4)
10/05/201512:49:31Statement of Changes in Beneficial Ownership (4)
10/05/201512:48:34Statement of Changes in Beneficial Ownership (4)
10/05/201512:48:34Statement of Changes in Beneficial Ownership (4)

Ppl and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations