PPL Corporation PPL reported third-quarter 2022 operating earnings per share (EPS) of 41 cents, on par with the Zacks Consensus Estimate. The bottom line also improved by 13.9% from the year-ago earnings of 36 cents per share.On a GAAP basis, PPL Corporation recorded an EPS of 24 cents compared with 27 cents in the year-ago quarter.RevenuesTotal revenues of $2,134 million surpassed the Zacks Consensus Estimate of $1,661 million by 28.5%. The top line improved by 41.1% from the year-ago figure of $1,512 million. PPL Corporation Price, Consensus and EPS Surprise PPL Corporation price-consensus-eps-surprise-chart | PPL Corporation QuoteHighlights of the ReleaseTotal operating expenses for the third quarter amounted to $1,793 million, up 65.9% from the year-ago quarter’s $1,081 million, due to an increase in other operating and maintenance expenses and an increase in fuel and energy purchases.The operating income was $341 million, down 20.9% from the year-ago figure of $431 million.Interest expenses were $136 million, down 25.7% from the year-ago figure of $183 million.Segmental UpdatesKentucky Regulated: Adjusted earnings were 21 cents per share, on par with the year-ago quarter’s figure.Pennsylvania Regulated: Adjusted earnings were 18 cents per share, up 12.5% from the year-ago quarter’s figure.Rhode Island Regulated: Adjusted earnings for the third quarter were 4 cents per share.Corporate and Other: The segment incurred a loss of 2 cents per share for the quarter, wider than the year-ago quarter’s loss of 1 cent per share.Financial PositionAs of Sep 30, 2022, PPL had cash and cash equivalents of $303 million compared with $3,571 million on Dec 31, 2021.The long-term debt was $12,977 million as of Jun 30, 2022 compared with $10,666 million as of Dec 31, 2021.Net cash provided by operating activities in the first nine months of 2022 was $1,511 million compared with $1,978 million in the year-ago period.GuidancePPL Corporation narrowed its 2022 EPS in the range of $1.35-$1.45 from the earlier range of $1.30-$1.45. The Zacks Consensus Estimate for 2022 earnings of $1.40 per share is on par with the midpoint of the guided range.PPL Corporation reiterated its long-term earnings per share and dividend per share guidance in the range of 6% to 8% annually through 2026.Zacks RankPPL Corporation currently has a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other ReleasesNextEra Energy, Inc. NEE reported third-quarter 2022 adjusted earnings of 85 cents per share, beating the Zacks Consensus Estimate of 79 cents by 7.6%.The Zacks Consensus Estimate for NEE’s fourth-quarter earnings per share is 56 cents, implying growth of 36.6% from the year-ago quarter’s reported number.FirstEnergy Corporation FE delivered third-quarter 2022 operating earnings per share (EPS) of 79 cents, beating the Zacks Consensus Estimate of 77 cents by 2.6%.The Zacks Consensus Estimate for FE’s fourth-quarter earnings per share is 53 cents, indicating growth of 3.92% from the year-ago quarter’s reported figure.Dominion Energy Inc. D has reported third-quarter 2022 operating earnings of $1.11 per share, which surpassed the Zacks Consensus Estimate of $1.08 by 2.8%.The Zacks Consensus Estimate for D’s fourth-quarter earnings per share is $1.08, indicating growth of 20% from the year-ago quarter’s reported figure. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >>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 PPL Corporation (PPL): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report FirstEnergy Corporation (FE): Free Stock Analysis Report Dominion Energy Inc. (D): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research