PPL Corporation PPL reported third-quarter 2019 earnings per share of 61 cents, which matched the Zacks Consensus Estimate. The figure rose 3% year over year, primarily on strong operational performance from its Kentucky utilities.On a GAAP basis, the company generated EPS of 65 cents compared with 62 cents in the year-ago quarter. The difference between GAAP and operating earnings stemmed from benefits in the U.K. Regulated segment.Total RevenuesThe company generated revenues worth $1,933 million in the third quarter, which improved 3.3% year over year from the year-ago quarter’s figure of $1,872 million.PPL Corporation Price, Consensus and EPS Surprise PPL Corporation price-consensus-eps-surprise-chart | PPL Corporation QuoteSegment ResultsU.K. Regulated: Adjusted earnings were 28 cents per share, down 2 cents from the prior-year quarter’s figure. Dilution of shares and lower sales volumes adversely impacted third-quarter earnings of the segment.Kentucky Regulated: Adjusted earnings were 20 cents, up from 17 cents in the year-ago quarter. The upside can be primarily attributed to higher retail rates.Pennsylvania Regulated: Adjusted earnings were 16 cents, flat year over year. The results benefited from return on additional capital investments in transmission offset by higher operation and maintenance expenses.Corporate and Other: The segment incurred a loss of 3 cents in the quarter compared with 4 cents incurred in the year-ago quarter.Operational HighlightsPPL Corp’s total operating expenses increased 1.8% year over year to $ 1,207 million in the quarter.The company generated operating income of $726 million, improving 5.8% from $686 million in the prior-year quarter.Interest expenses increased 6.2% to $259 million from the year-ago quarter’s figure of $244 million.Financial PositionAs of Sep 30, 2019, the company had cash and cash equivalents of $670 million compared with $621 million as of Dec 31, 2018.Long-term debt (excluding debts due within a year) was $21,547 million as of Sep 30, 2019 compared with $20,069 million as of Dec 31, 2018.Net cash flow from operating activities in the first nine months of 2019 was $1,888 million compared with $2,210 million in the year-ago period.GuidancePPL Corp tightened its earnings per share guidance for 2019. The company now expects earnings in the range of $2.35-$2.45 per share compared with the earlier range of $2.30-$2.50. The midpoint of the new earnings guidance is $2.40. The projected figure is lower than the current Zacks Consensus Estimate of $2.43.Zacks RankCurrently, PPL Corp carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other ReleasesDominion Energy D reported third-quarter 2019 operating earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.16 by 1.7%.Entergy ETR reported third-quarter 2019 adjusted earnings of $2.52 per share, which surpassed the Zacks Consensus Estimate of $2.31 by 9.1%.Public Service Enterprise PEG reported third-quarter 2019 adjusted operating earnings of 98 cents per share, which beat the Zacks Consensus Estimate of 95 cents by 3.2%.More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.Click here for the 6 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Public Service Enterprise Group Incorporated (PEG): Free Stock Analysis Report Dominion Energy Inc. (D): Free Stock Analysis Report Entergy Corporation (ETR): Free Stock Analysis Report PPL Corporation (PPL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research