10:23 AM EST, 02/13/2025 (MT Newswires) -- (Updates with the revised infrastructure investment plan and latest stock move in 6th and 7th paragraphs)

PPL (PPL) reported Q4 earnings from ongoing operations Thursday of $0.34 per diluted share, compared with $0.40 a year earlier.

Analysts surveyed by FactSet expected $0.37.

Operating revenue for the quarter ended Dec. 31 was $2.21 billion, compared with $2.03 billion a year earlier. Analysts surveyed by FactSet expected $2.51 billion.

The energy company expects 2025 earnings from ongoing operations to be in a range of $1.75 to $1.87 per share. Analysts surveyed by FactSet expect $1.82.

PPL also raised its quarterly dividend to $0.2725 from $0.2575, payable April 1 to shareholders of record as of March 10.

Additionally, the company revised its infrastructure investment plan, allocating $20 billion over a period spanning 2025 to 2028, up from $14.3 billion for the prior 2024-2027 plan. It expects a 9.8% average annual rate base growth through 2028 from the updated plan, up from 6.3% over the prior plan period.

PPL shares were edging 0.7% lower in recent trading.

Price: 34.24, Change: -0.28, Percent Change: -0.81