PPL (PPL) 10-K Summary — Year Ended Dec 31, 2024
PPL Corporation is a utility holding company serving electricity and natural gas customers in multiple states. The company reported continued revenue growth over the most recent fiscal years.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
PPL Corporation is a utility holding company serving electricity and natural gas customers in multiple states. The company reported continued revenue growth over the most recent fiscal years.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$8.4B
Revenue reported for the fiscal year.
Operating income
$1.7B
Income from operations reported for the year.
Net income
$888M
Net income reported for the year.
Operating cash flow
$2.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $5.8B | n/a |
| Dec 31, 2022 | $7.8B | +33.4% |
| Dec 31, 2023 | $8.3B | +6.5% |
| Dec 31, 2024 | $8.4B | +1.9% |
Business overview
PPL, through its regulated utility subsidiaries, delivers electricity in Pennsylvania, Kentucky, Virginia, and Rhode Island, and natural gas in Kentucky and Rhode Island. It also generates electricity from power plants in Kentucky. The company's principal subsidiaries include PPL Electric, LG&E, KU, and RIE.
Financial performance
Revenue increased in each of the last three fiscal years. Operating income, net income, and operating cash flow were all positive for the most recent annual period.
Material risks
The filing includes a section on risk factors, but the specific risks are not provided in the supplied context. Therefore, no material risks can be identified from the available information.
Liquidity and capital
The supplied filing does not include details on liquidity or capital allocation. No themes can be derived from the available context.
What to watch
Investors should monitor the company's revenue trend in the next filing.