PPL Corp. announced first-quarter 2025 reported earnings of $414 million, or 56 cents per share, compared with first-quarter 2024 reported earnings of $307 million, or 42 cents per share.

Adjusting for special items, first-quarter 2025 earnings from ongoing operations were $444 million, or 60 cents per share, compared with $402 million, or 54 cents per share, a year ago.

“We’re off to a strong start in 2025, with year-over-year growth in the first quarter reflecting our continued strong financial discipline and operational execution, along with a return to more typical seasonal weather patterns,” said PPL President and Chief Executive Officer Vincent Sorgi.

“Across PPL, we’re focused on creating utilities of the future and leveraging technology, talent and strategic partnerships to modernize our energy networks, better meet the evolving needs of our customers, and deliver increased value for all stakeholders,” he said.

The company reaffirmed its 2025 ongoing earnings forecast range of $1.75 to $1.87 per share with a midpoint of $1.81 per share.

In addition, the company reaffirmed its projection of 6% to 8% annual earnings per share and dividend growth through at least 2028, with EPS growth expected to be in the top half of the targeted range. The company’s projected growth is based off its 2025 forecast midpoint of $1.81 per share.