PPL Corporation (PPL) on Thursday (5/2) announced first-quarter 2019 reported earnings (GAAP) of $466 million, or $0.64 per share, compared with first-quarter 2018 reported earnings of $452 million, or $0.65 per share.

Adjusting for special items, first-quarter 2019 earnings from ongoing operations (non-GAAP) were $508 million, or $0.70 per share, compared to $517 million, or $0.74 per share, a year ago. The decrease in ongoing earnings per share was driven by lower earnings at PPL's U.S. segments, partially offset by higher earnings in the U.K.

"We remain on track to deliver on our 2019 earnings forecast, as well as our 2019 plan to invest $3.3 billion in infrastructure that benefits both customers and shareowners," said William H. Spence, PPL's chairman, president and chief executive officer.

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