Earnings Per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings Per Share

4. Earnings Per Share

(PPL)

Basic EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding during the applicable period. Diluted EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding, increased by the number of incremental shares that would be outstanding if potentially dilutive share-based payment awards were converted to common shares as calculated using the Two-Class Method or Treasury Stock Method. Incremental non-participating securities that have a dilutive impact are detailed in the table below.

Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for the periods ended March 31 used in the EPS calculation are:

	Three Months
	2024		2023
Income (Numerator)
Net income attributable to PPL	$	307	$	285
Less amounts allocated to participating securities	—		1
Net income available to PPL common shareowners - Basic and Diluted	$	307	$	284
Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS	737,512		736,829
Add: Dilutive share-based payment awards (a)	1,308		869
Weighted-average shares - Diluted EPS	738,820		737,698
Basic and Diluted EPS
Net Income available to PPL common shareowners	$	0.42	$	0.39

(a)    The Treasury Stock Method was applied to non-participating share-based payment awards.

For the periods ended March 31, the following shares (in thousands) were excluded from the computations of diluted EPS because the effect would have been antidilutive.

	Three Months
	2024	2023
Stock-based compensation awards	—	534