, /PRNewswire/ -- PPL Corporation today announced it has signed the White House's Ratepayer Protection Pledge, reaffirming the company's long-standing commitment to affordability, reliability and responsible growth.
The pledge, previously signed by many of the nation's largest technology companies, defines voluntary principles to help ensure that data centers appropriately fund energy and infrastructure associated with serving them and that existing customers are protected as demand grows.
"The customer-protection principles reflected in the Ratepayer Protection Pledge are consistent with our approach to responsible growth," said Vincent Sorgi, president and chief executive officer of PPL Corporation.
"In fact, PPL and its utilities were early movers in establishing new rate classes and regulator-approved, enforceable tariffs designed to protect existing customers and help ensure that large energy users, including data centers, pay their fair share of the costs of infrastructure needed to serve them," said Sorgi.
"Ultimately, we believe economic growth and customer protection can go hand in hand, and this pledge reflects that important balance."
Advancing customer protections
PPL believes many of the principles reflected in the Ratepayer Protection Pledge are already embedded in regulator-approved tariffs and rate structures serving large energy users in its Pennsylvania and Kentucky service territories.
In Pennsylvania, PPL Electric Utilities' recently approved LP-6 rate establishes protections ─ including long-term service commitments, minimum billing obligations, revenue protections, up-front payments for directly assignable upgrades, financial security requirements and other measures ─ all designed to ensure costs associated with new demand are paid by customers creating that demand and not shifted to others.
Louisville Gas and Electric Company and Kentucky Utilities Company earlier this year implemented similar regulator-approved customer protections through their Extremely High Load Factor (EHLF) tariff.
As data centers and other large-load customers connect under these enforceable commitments, they can improve system utilization and potentially lower costs for non-data center customers over time.
These approaches demonstrate how economic growth, customer protection and infrastructure investment can advance together through regulator-approved, enforceable mechanisms tailored to the needs of individual states and electric systems.
Supporting needed infrastructure
Apart from establishing enforceable protections around cost allocation, PPL's utilities are also very focused on protecting grid reliability.
Large customer connections are planned carefully, detailed engineering and reliability studies are completed up front, high-demand interconnections are subject to regulatory oversight, and any necessary upgrades are made before service begins, helping to ensure the grid remains safe and reliable for all customers.
Additional generation resources will also be needed to support economic growth, strengthen national security, maintain reliability and promote long-term customer affordability. This is why PPL has consistently advocated for policies that encourage investment in new generation resources and energy infrastructure while helping to ensure the costs of serving new demand are appropriately assigned.
It's also why PPL created its joint venture with Blackstone Infrastructure ─ to build, own and operate new generation resources needed to serve new data center demand in PJM, particularly in Pennsylvania. The initiative is intended to support reliability, power economic development and help improve the supply-demand balance across the region in an effort to reduce upward pressure on wholesale electricity prices over time.
Powering demand that's critical to our nation's economy
PPL recognizes that data centers are an essential part of modern life, supporting everything from digital services and business operations to innovation, economic competitiveness and national security. The company's role is to serve this new demand in a way that maintains reliability, protects customers and supports the communities it serves.
"At PPL, we are focused on supporting data center growth the right way," said Sorgi. "Reliability comes first. Growth pays for growth. Costs are fair and transparent. Infrastructure is planned with discipline and purpose. And decisions are grounded in clear, coordinated planning.
"Ultimately, we believe this growth can deliver significant long-term benefits to the communities we serve. Moving forward, we will continue working with regulators, policymakers and local stakeholders to meet these growing energy needs while keeping energy safe, reliable and affordable for our customers."
About PPL
PPL Corporation (NYSE: PPL), headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.6 million customers in the U.S. PPL's high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions. For more information, visit www.pplweb.com.
PPL (PPL - Free Report) closed the most recent trading day at $36.10, moving +1.95% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.14%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 0.57%.
Prior to today's trading, shares of the energy and utility holding company had lost 2.42% lagged the Utilities sector's gain of 0.68% and the S&P 500's gain of 0.25%.
Investors will be eagerly watching for the performance of PPL in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 7, 2026. The company's upcoming EPS is projected at $0.35, signifying a 9.38% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.18 billion, indicating a 7.5% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.94 per share and revenue of $9.78 billion. These totals would mark changes of +7.18% and +8.21%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for PPL. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.22% downward. PPL presently features a Zacks Rank of #4 (Sell).
In terms of valuation, PPL is currently trading at a Forward P/E ratio of 18.21. This indicates a premium in contrast to its industry's Forward P/E of 18.02.
One should further note that PPL currently holds a PEG ratio of 2.42. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Utility - Electric Power industry stood at 2.66 at the close of the market yesterday.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 102, placing it within the top 42% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Key Takeaways PPL cut first-quarter 2026 O&M expenses to $579 million from $598 million a year earlier. PPL targets $175 million in 2026 O&M savings versus 2021 to help fund its $23 billion plan. PPL expects 2026 EPS of $1.90-$1.98 and 6-8% annual EPS growth through 2029. PPL Corporation (PPL - Free Report) is benefiting from a disciplined cost management strategy that helps control operating expenses and improve efficiency. These efforts support financial stability and create greater flexibility to invest in infrastructure.
The company has steadily improved efficiency across its businesses, helping control operating and maintenance (O&M) expenses while maintaining reliable service. PPL Electric has kept O&M increases about 25% below the inflation rate over the past decade, demonstrating the benefits of its cost-control efforts.
In the first quarter of 2026, consolidated O&M expenses decreased to $579 million from $598 million in the year-ago quarter. O&M expenses also decreased across the company’s regulated operations in Kentucky and Rhode Island. However, Pennsylvania O&M expenses increased due to higher storm and power restoration costs, underscoring that weather-related events remain a risk.
The need for cost control is increasing as PPL expands its investment program. The company plans to invest $23 billion through 2029 to modernize networks and support demand growth. As per the company’s management, every $1 of O&M savings can support about $8 of capital investment without increasing customer bills. PPL achieved $170 million in annual run-rate O&M savings in 2025 and is targeting a $175-million reduction in O&M in 2026 compared with 2021.
These savings could help offset higher depreciation, interest and operating costs while supporting 2026 earnings per share (EPS) guidance of $1.90-$1.98 and 6-8% annual EPS growth through 2029. Therefore, continued O&M efficiency, combined with strong rate-base growth and regulatory recovery, could support sustained earnings growth and shareholder returns.
Efficient Cost Management Fuels Long-Term Utility GrowthUtilities that optimize operations, embrace digitalization and control spending can expand margins, fund infrastructure upgrades and keep customer rates affordable. Efficient cost management strengthens financial flexibility, enabling utilities to fund infrastructure investments, improve operations and support sustainable long-term earnings growth.
Duke Energy (DUK - Free Report) recently finalized initiatives expected to generate more than $5 billion in customer savings through utility consolidation, operational efficiencies and tax-credit monetization. These efforts can strengthen long-term earnings growth while helping maintain customer affordability.
NiSource (NI - Free Report) continues to enhance operating efficiency through its multiyear Project Apollo, which targets sustainable cost savings and streamlined operations. These initiatives can improve customer service and support long-term earnings growth.
The Zacks Rundown on PPLPPL’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 earnings per share indicates a year-over-year increase of 7.73% and 8.06%, respectively.
Image Source: Zacks Investment Research
Debt to CapitalPPL's debt-to-capital ratio currently stands at 57.40%, lower than the Zacks Utility - Electric Power industry’s 60.71%.
Image Source: Zacks Investment Research
PPL’s Stock Price PerformanceIn the past month, the company’s shares have risen 0.7% compared with the industry’s 0.9% growth.
PPL Corporation (NYSE:PPL – Get Free Report) Director Kristen Robinson sold 37,107 shares of PPL stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $25.05, for a total transaction of $929,530.35. Following the completion of the transaction, the director owned 222,897 shares in the company, valued at approximately $5,583,569.85. This trade represents a 14.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
PPL Price Performance Shares of NYSE:PPL opened at $35.83 on Friday. PPL Corporation has a one year low of $33.17 and a one year high of $40.10. The stock has a fifty day moving average of $35.87 and a 200-day moving average of $36.79. The company has a market capitalization of $26.96 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 2.45 and a beta of 0.57. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.88 and a current ratio of 1.00.
PPL (NYSE:PPL – Get Free Report) last released its quarterly earnings data on Friday, May 8th. The utilities provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.51 billion. PPL had a return on equity of 9.41% and a net margin of 13.09%.The company’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS. As a group, equities analysts anticipate that PPL Corporation will post 1.95 EPS for the current fiscal year.
PPL Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th were paid a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.14 dividend on an annualized basis and a yield of 3.2%. PPL’s dividend payout ratio (DPR) is currently 69.51%.
Hedge Funds Weigh In On PPL Several institutional investors and hedge funds have recently bought and sold shares of the business. Reaves W H & Co. Inc. lifted its position in shares of PPL by 2.0% in the fourth quarter. Reaves W H & Co. Inc. now owns 4,424,814 shares of the utilities provider’s stock worth $154,957,000 after purchasing an additional 88,531 shares in the last quarter. SG Americas Securities LLC grew its position in PPL by 905.7% during the fourth quarter. SG Americas Securities LLC now owns 523,756 shares of the utilities provider’s stock valued at $18,342,000 after purchasing an additional 471,679 shares in the last quarter. Roffman Miller Associates Inc. PA grew its position in PPL by 7.8% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 348,335 shares of the utilities provider’s stock valued at $12,199,000 after purchasing an additional 25,172 shares in the last quarter. Miller Howard Investments Inc. NY increased its stake in PPL by 5.8% in the 4th quarter. Miller Howard Investments Inc. NY now owns 344,670 shares of the utilities provider’s stock valued at $12,070,000 after buying an additional 18,840 shares during the period. Finally, State of Tennessee Department of Treasury increased its stake in PPL by 3.8% in the 2nd quarter. State of Tennessee Department of Treasury now owns 249,204 shares of the utilities provider’s stock valued at $8,446,000 after buying an additional 9,118 shares during the period. Hedge funds and other institutional investors own 76.99% of the company’s stock.
Analyst Upgrades and Downgrades Several research analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of PPL from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday. BMO Capital Markets cut their price target on shares of PPL from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Jefferies Financial Group boosted their price target on shares of PPL from $40.00 to $48.00 and gave the company a “buy” rating in a report on Monday, April 13th. Mizuho upgraded shares of PPL to a “hold” rating in a research report on Friday, July 3rd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of PPL in a research note on Tuesday, April 21st. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, PPL currently has an average rating of “Moderate Buy” and a consensus price target of $41.92.
View Our Latest Stock Report on PPL
About PPL (Get Free Report)
PPL Corporation is an energy company that owns and operates electric transmission and distribution infrastructure and provides related customer services. The company’s core business centers on delivering electricity to residential, commercial and industrial customers through regulated utility operations, maintaining grid reliability, responding to outages and managing customer billing and account services.
PPL’s activities include construction and maintenance of distribution and transmission lines, meter and grid management, and programs to support energy efficiency and the interconnection of distributed resources.
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, /PRNewswire/ -- PPL Corporation (NYSE:PPL) will release consolidated second-quarter 2026 earnings results on Friday, Aug. 7.
Vincent Sorgi, PPL president and chief executive officer, and other members of PPL's executive team will discuss quarterly results and the company's general business outlook during a conference call with financial analysts beginning at 11 a.m. Eastern time.
The call will be webcast live, in audio format, along with slides of the presentation. Interested individuals can access the webcast link at www.pplweb.com/investors under Events and Presentations or join the live conference call by telephone at 1-844-512-2926. International participants should call 1-412-317-6300. Participants will need to enter the following "Elite Entry" number to join the conference: 4896257.
For those who are unable to listen to the live webcast, a replay with slides will be accessible at www.pplweb.com/investors for 90 days after the call.
About PPL
PPL Corporation (NYSE: PPL), headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.6 million customers in the U.S. PPL's high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions. For more information, visit www.pplweb.com.
Contacts: For news media: Ryan Hill, 610-774-4033
For financial analysts: Andy Ludwig, 610-774-3389
PPL (PPL - Free Report) closed at $35.71 in the latest trading session, marking a -1.08% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.38%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq gained 0.62%.
The stock of energy and utility holding company has fallen by 0.77% in the past month, lagging the Utilities sector's gain of 1.54% and the S&P 500's gain of 1.61%.
Investors will be eagerly watching for the performance of PPL in its upcoming earnings disclosure. In that report, analysts expect PPL to post earnings of $0.36 per share. This would mark year-over-year growth of 12.5%. Alongside, our most recent consensus estimate is anticipating revenue of $2.18 billion, indicating a 7.5% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.95 per share and revenue of $9.78 billion, indicating changes of +7.73% and +8.21%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for PPL. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.02% downward. PPL presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, PPL is holding a Forward P/E ratio of 18.54. This valuation marks a premium compared to its industry average Forward P/E of 18.41.
We can additionally observe that PPL currently boasts a PEG ratio of 2.47. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Utility - Electric Power was holding an average PEG ratio of 2.73 at yesterday's closing price.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 159, positioning it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Key Takeaways PPL plans $23 billion in grid upgrades to strengthen reliability and support long-term earnings growth.The plan includes $8 billion for transmission and $7.2 billion for distribution investments. PPL targets 10.3% annual rate base growth and 6-8% yearly EPS growth through 2029. PPL Corporation (PPL - Free Report) benefits from the expansion and modernization of its widespread transmission and distribution network, which strengthens grid reliability and supports dependable electricity delivery across its service territories. The company is investing in a stronger, smarter electricity and gas network to provide reliable service and reduce outages.
The company plans to invest $23 billion, including $8 billion in transmission and $7.2 billion in distribution, focusing on grid hardening, outage reduction and faster, automated power restoration. These infrastructure investments support customer growth and regulated earnings, driving 10.3% average annual rate base growth and 6-8% annual EPS growth through 2029.
Recently, PPL’s regulated electric distribution unit, PPL Electric Utilities, received approval for new rates effective July 1, 2026, supporting investments in transmission and distribution infrastructure, smart-grid technology and vegetation management. Rhode Island Energy also received approval for more than $330 million in annual infrastructure, safety and reliability investments, providing another source of future rate base growth.
PPL serves more than 3.5 million customers through its regulated utilities across Kentucky, Pennsylvania and Rhode Island. The company operates an extensive network of more than 90,000 miles of electric and gas transmission and distribution lines. It continues to invest in expanding and modernizing its infrastructure to meet rising regional energy demand.
Overall, PPL's extensive regulated T&D network, constructive regulatory environment and disciplined capital investment strategy provide a strong foundation for sustained rate base expansion, stable cash flows and long-term earnings growth.
Utilities Benefits Through Grid ModernizationGrid modernization helps utilities upgrade transmission and distribution systems with smart technologies, improving service reliability by reducing outages. It also helps utilities meet rising electricity demand, expand their regulated rate base and support long-term earnings growth.
NextEra Energy (NEE - Free Report) continues to invest in transmission, distribution and smart-grid infrastructure. In July 2026, its Century Oaks Energy Center began operations, improving grid reliability and helping meet growing customer electricity demand for Huron County and the state of Michigan.
Duke Energy (DUK - Free Report) plans to invest $103 billion in 2026-2030, with most investments directed toward grid modernization, transmission upgrades and distribution infrastructure to support AI-driven electricity demand.
PPL’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 earnings per share indicates a year-over-year increase of 7.73% and 8.06%, respectively.
Image Source: Zacks Investment Research
Debt to CapitalPPL's debt-to-capital ratio currently stands at 57.40%, lower than the electric power industry’s 60.71%.
Image Source: Zacks Investment Research
PPL’s Stock Price PerformanceIn the past year, the company’s shares have risen 2.7% compared with the industry’s 20.3% growth.
Key Takeaways PPL plans to invest $23 billion from 2026 to 2029, supporting annual rate base growth of about 10.3%.Data center demand has climbed to 28.3 GW in Pennsylvania, while Kentucky's pipeline reached 12.9 GW.PPL trades at 17.74X forward earnings, while its trailing ROE of 9.41% remains below the industry average. PPL Corporation’s (PPL - Free Report) shares are trading at a premium to the Zacks Utility -Electric Power industry. Its 12-month forward price-to-earnings of 17.74X is higher than the industry average of 15.6X and the broader Zacks Utility sector’s 15.45X.
PPL Corporation is well-positioned to capitalize on increasing electricity demand from data centers, particularly in Pennsylvania and Kentucky, where the rapid expansion of these energy-intensive facilities is driving long-term load growth.
However, PPL faces rising competition in the transmission business, which could pressure operations, while unforeseen operational disruptions may adversely affect its financial performance.
PPL Trading at a Premium Valuation
Image Source: Zacks Investment Research
Other operators in this space, Duke Energy (DUK - Free Report) and Ameren Corporation (AEE - Free Report) , are trading at P/EF12M of 18.28 and 20.3, respectively, a premium to the industry.
PPL’s shares have lost 8.4% in the past three months, wider than the Zacks Utility-Electric Power industry’s decrease of 1.5%.
Price Performance (Three Months)
Image Source: Zacks Investment Research
Despite trading at a premium valuation, PPL Corporation's recent share price weakness may have investors wondering whether now is an opportune time to buy. Let’s explore the key factors that will help determine if the stock merits consideration at current levels.
Factors Supporting PPL’s Earnings GrowthPPL continues to benefit from economic expansion and robust data center demand across its service territories. In Pennsylvania, advanced-stage data center demand has increased to nearly 28.3 gigawatts (“GW”) from 25.2 GW, while Kentucky's economic development pipeline now indicates potential load growth of 12.9 GW through 2032, up from the earlier estimate of 8.5 GW.
To capitalize on these opportunities, PPL plans to invest approximately $23 billion between 2026 and 2029, supporting an average annual rate base growth of about 10.3% through 2029. The company's investments in generation, transmission and distribution infrastructure, coupled with ongoing grid modernization initiatives, are enhancing system reliability and reducing customer outages.
A key advantage is that more than 60% of PPL's capital investment program qualifies for contemporaneous recovery, mitigating the effects of regulatory lag on earnings. This framework enables the company to recover capital investments more quickly, strengthening cash flows and supporting the timely execution of its long-term growth strategy.
Additionally, it remains committed to disciplined cost management, creating value for both the company and customers. Since 2021, PPL has reduced total operating expenses by $170 million as of 2025. Continued focus on cost-control initiatives is expected to support margin expansion, improve profitability and reinforce the company's long-term financial performance.
Headwinds for PPL StockPPL continues to encounter competition in Pennsylvania's transmission market. Moreover, adverse weather conditions, cybersecurity incidents, equipment outages and fuel supply interruptions could disrupt operations and pressure the company's earnings and profitability.
PPL Stock’s Earnings Estimate Moving UpPPL expects 2026 earnings to be in the range of $1.90-$1.98 per share. The Zacks Consensus Estimate for PPL’s 2026 and 2027 earnings per share indicates year-over-year growth of 7.73% and 8.06%, respectively.
Image Source: Zacks Investment Research
The same for DUK’s 2026 and 2027 earnings per share indicates year-over-year growth of 6.34% and 6.41%, respectively.
PPL Raises Shareholders' ValuePPL has a long history of returning value to shareholders through regular dividend payments and expects to increase its annual dividend by 4-6% over the long term, subject to board approval. The company currently pays a quarterly dividend of 28.5 cents per share, translating to an annualized dividend of $1.14. With a dividend yield of 3.19%, PPL offers a more attractive income stream than the S&P 500's average yield of 1.35%.
PPL has raised dividends for its shareholders four times in the past five years. Check PPL’s dividend history here.
Ameren also distributes dividends to its shareholders. The current annual dividend rate of Ameren is $3 per share, reflecting a dividend yield of 2.66%.
PPL’s Return Is Lower Than the IndustryReturn on equity (“ROE”) is a financial ratio that measures how well a company uses its shareholders’ equity to generate profits. The current ROE of the company indicates that it is using shareholders’ funds more efficiently than peers.
PPL’s trailing 12-month ROE is 9.41%, lower than the industry average of 11.21%.
Image Source: Zacks Investment Research
PPL’s Debt to CapitalUtility operations are capital-intensive and companies in this sector often need to borrow to fund long-term projects when internal resources are insufficient. The company is also borrowing funds to meet its capital requirements.
PPL’s current debt to capital is 55.88% compared with its industry average of 52.69%. This shows the company is utilizing lower debts than peers to run its operations.
Image Source: Zacks Investment Research
Summing UpPPL is benefiting from accelerating data center-driven electricity demand and timely rate recovery mechanisms, which enable it to efficiently finance the long-term growth initiatives. The company is also enhancing grid reliability through significant investments in infrastructure, IT modernization and an expanded $23 billion capital investment plan, positioning it to meet rising electricity demand across the service territories.
However, PPL is currently trading at a premium valuation, generates returns below the industry average and carries a higher debt burden than many of its peers. Given these factors, existing investors may continue holding this Zacks Rank #3 (Hold) stock, while prospective investors should wait for a more attractive entry point before initiating a position in PPL.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways PPL's balanced energy portfolio supports stable cash flows and future earnings growth. PPL is evaluating nuclear and pumped-storage hydro projects for reliable, carbon-free power.PPL plans $23B in investments through 2029 to drive rate base growth and EPS gains. PPL Corporation (PPL - Free Report) benefits from a diversified energy portfolio, reducing fossil fuel dependence and generating stable cash flows through regulated utility operations. Its Kentucky operations include a balanced mix of coal, natural gas, hydro and solar generation, while its regulated utilities in Pennsylvania and Rhode Island provide reliable electricity and natural gas delivery services. This balanced approach allows PPL to support decarbonization without sacrificing a dependable electricity supply, creating a strong foundation for future earnings growth.
The company is also evaluating advanced nuclear technology with X-energy and a 266-megawatt pumped-storage hydro project with Rye Development to support future demand for reliable, carbon-free electricity. If approved, these projects could expand PPL's regulated asset base and strengthen long-term earnings growth.
The company's portfolio benefits from rising electricity demand driven by AI data centers and industrial expansion. Its Pennsylvania segment registered nearly 28.3 gigawatts (GW) of potential data center demand, while Kentucky's development pipeline totals 12.9 GW, largely driven by data center projects.
PPL's planned $23 billion investment through 2029 will modernize infrastructure, expand clean energy generation, support 10.3% annual rate base growth and drive upper-end 6-8% EPS growth. The company's diversified utilities, capital investments and balanced energy portfolio support steady earnings growth and long-term shareholder value.
Balanced Energy Mix Supports Utility GrowthA balanced mix of regulated, renewable and natural gas generation supports rising electricity demand while ensuring grid reliability. This diversified portfolio reduces fuel price risk, supports stable earnings and positions utilities for long-term growth through cleaner and more resilient power generation.
Xcel Energy (XEL - Free Report) benefits from a balanced energy portfolio, expanding wind, solar, nuclear, natural gas and battery storage. It is strengthening generation and grid infrastructure to reliably meet rising data center and electrification demand.
NextEra Energy, Inc. (NEE - Free Report) benefits from a diversified generation mix led by renewable energy, alongside natural gas, nuclear power and other energy sources, supporting reliable operations, lower emissions and long-term earnings growth.
PPL’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 earnings per share indicates a year-over-year increase of 7.73% and 8.13%, respectively.
Image Source: Zacks Investment Research
Debt to CapitalPPL's debt-to-capital ratio currently stands at 57.40%, lower than the electric power industry’s 60.71%.
Image Source: Zacks Investment Research
PPL’s Stock Price PerformanceIn the past month, the company’s shares have risen 4.2% compared with the industry’s 4.5% growth.
Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
Hunting for 'earnings whispers' or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn't make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool.
The Zacks Earnings ESP, ExplainedThe Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.
Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank.
Should You Consider BCE?Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. BCE (BCE - Free Report) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $0.63 a share, just 30 days from its upcoming earnings release on August 6, 2026.
By taking the percentage difference between the $0.63 Most Accurate Estimate and the $0.5 Zacks Consensus Estimate, BCE has an Earnings ESP of +25.17%. Investors should also know that BCE is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
BCE is part of a big group of Utilities stocks that boast a positive ESP, and investors may want to take a look at PPL (PPL - Free Report) as well.
PPL is a Zacks Rank #3 (Hold) stock, and is getting ready to report earnings on July 30, 2026. PPL's Most Accurate Estimate sits at $0.37 a share 23 days from its next earnings release.
The Zacks Consensus Estimate for PPL is $0.35, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +5.11%.
BCE and PPL's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.
Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
PPL (PPL - Free Report) closed the most recent trading day at $36.11, moving -2.11% from the previous trading session. This change lagged the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.12%.
Prior to today's trading, shares of the energy and utility holding company had gained 3.22% lagged the Utilities sector's gain of 3.93% and outpaced the S&P 500's loss of 0.9%.
The investment community will be paying close attention to the earnings performance of PPL in its upcoming release. On that day, PPL is projected to report earnings of $0.35 per share, which would represent year-over-year growth of 9.38%. At the same time, our most recent consensus estimate is projecting a revenue of $2.17 billion, reflecting a 7.04% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.95 per share and a revenue of $9.69 billion, representing changes of +7.73% and +7.22%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for PPL. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.13% higher. Currently, PPL is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, PPL is presently being traded at a Forward P/E ratio of 18.92. This indicates a premium in contrast to its industry's Forward P/E of 18.72.
It is also worth noting that PPL currently has a PEG ratio of 2.52. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Utility - Electric Power industry currently had an average PEG ratio of 2.81 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 103, positioning it in the top 42% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PPL in the coming trading sessions, be sure to utilize Zacks.com.
PPL (PPL - Free Report) closed at $36.35 in the latest trading session, marking a -1.06% move from the prior day. This move lagged the S&P 500's daily gain of 0.79%. Elsewhere, the Dow saw an upswing of 0.26%, while the tech-heavy Nasdaq appreciated by 1.52%.
Shares of the energy and utility holding company witnessed a gain of 6.43% over the previous month, beating the performance of the Utilities sector with its gain of 2.96%, and the S&P 500's loss of 1.82%.
The investment community will be paying close attention to the earnings performance of PPL in its upcoming release. On that day, PPL is projected to report earnings of $0.35 per share, which would represent year-over-year growth of 9.38%. At the same time, our most recent consensus estimate is projecting a revenue of $2.17 billion, reflecting a 7.04% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.95 per share and revenue of $9.69 billion, which would represent changes of +7.73% and +7.22%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for PPL. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% higher. PPL presently features a Zacks Rank of #3 (Hold).
With respect to valuation, PPL is currently being traded at a Forward P/E ratio of 18.85. This indicates a premium in contrast to its industry's Forward P/E of 18.44.
Also, we should mention that PPL has a PEG ratio of 2.51. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Utility - Electric Power stocks are, on average, holding a PEG ratio of 2.82 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PPL in the coming trading sessions, be sure to utilize Zacks.com.
Key Takeaways CMS has an edge with 12.17% ROE, above PPL's 9.41% and the industry's 11.21%.CMS plans $24B in 2026-2030 capex, with 72% allocated to electric utility operations.CMS' shares gained 11.4% in six months, ahead of PPL's 4.9% rally over the same period. The companies operating in the Zacks Utility-Electric Power industry present an attractive investment opportunity, supported by stable cash flows and the predictable earnings profile of regulated business models. Long-term power purchase agreements provide revenue visibility and help insulate utilities from economic fluctuations. At the same time, rising electricity demand and sustained infrastructure investments are enhancing operational efficiency, supporting consistent earnings growth and reliable dividend payments.
The companies operating in this space are also accelerating their transition toward cleaner energy to meet the growing need for around-the-clock electricity driven by AI-powered data centers, industrial reshoring and increasing electric vehicle adoption. Utilities are retiring older fossil fuel assets, expanding renewable energy capacity and investing in low-emission technologies while maintaining grid reliability. Backed by robust capital investment and shareholder return programs, the industry remains well positioned to deliver steady income and long-term value as the clean energy transition continues. New technology adoptions are lowering the cost of development and maintenance of the utility-scale renewable plants.
Against this backdrop, let us compare PPL Corporation (PPL - Free Report) and CMS Energy Corporation (CMS - Free Report) , two regulated U.S. electric utilities that are investing heavily in grid modernization, renewable energy and infrastructure expansion to meet growing electricity demand.
PPL Corporation operates a fully regulated utility business, providing stable and predictable cash flows supported by constructive regulatory frameworks. The company continues to invest in grid modernization, renewable energy integration and decarbonization initiatives, while its strong balance sheet and dependable revenue base support steady earnings growth, reliable dividends and long-term shareholder value. The company is efficiently serving its customers in the Pennsylvania, Kentucky and Rhode Island region and has a goal of achieving net-zero operations by 2050.
CMS Energy is also well positioned for long-term growth through its robust capital investment program and focus on clean energy. The company is modernizing its grid, improving system reliability and expanding capacity to meet increasing electricity demand from data centers and industrial customers across Michigan. A supportive regulatory environment enables timely cost recovery and sustained rate-base growth, while continued investments in solar, wind and energy storage advance its goal of achieving net-zero operations by 2040. These initiatives are expected to support consistent earnings growth and stable dividend payments.
With electricity demand continuing to rise and the clean energy transition gaining momentum, comparing the fundamentals of PPL Corporation and CMS Energy can help determine which utility stock offers the stronger investment opportunity in 2026.
PPL & CMS’ Earnings EstimatesThe Zacks Consensus Estimate for PPL’s earnings per share in 2026 and 2027 has improved year over year by 7.73% and 8.08%, respectively. Long-term (three to five years) earnings growth per share is pegged at 7.52%.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for CMS’ earnings per share in 2026 and 2027 has improved year over year by 7.2% and 7.63%, respectively. Long-term earnings growth per share is pegged at 7.14%.
Image Source: Zacks Investment Research
ValuationPPL Corporation currently appears to be trading at a discount compared with CMS Energy on a Price/Earnings Forward 12-month (P/E- F12M) basis.
CMS is currently trading at 19.41X, while PPL is trading at 18.13X.
Return on EquityReturn on Equity (“ROE”) is an essential financial indicator that evaluates a company’s efficiency in generating profits from the equity invested by its shareholders. It demonstrates how well management is utilizing the capital provided to increase earnings and deliver value.
PPL’s current ROE is 9.41% compared with CMS’ 12.17%. CMS also outperforms the industry’s ROE of 11.21%.
Image Source: Zacks Investment Research
Long-Term Capital Investment PlansThe Zacks Utility-Electric Power industry is a very capital-intensive industry and the companies operating in this industry need to make investments for maintenance, upgrade and expansion of their infrastructure to efficiently serve customers.
CMS plans to make capital expenditures worth $24 billion during 2026-2030. Out of this, 72% is allocated toward strengthening its electric utility operations.
PPL expects a regulated capital investment plan of $23 billion during 2026-2029 and to complete about $5.1 billion of planned investments in 2026. Its planned investment is aimed to add more renewable sources to the generation portfolio.
PPL & CMS’ Capital Return ProgramDividends are recurring payments made by companies to their shareholders, offering a direct source of investment returns. These payouts typically indicate solid financial performance, marked by stable earnings and healthy cash flow. Utility companies are especially known for their dependable and consistent dividend distributions.
Currently, the dividend yield for PPL Corporation is 3.08%, while the same for CMS Energy is 2.89%. The dividend yield of both companies is presently better than the S&P 500 composite’s 1.41%.
Debt to CapitalThe debt-to-capital ratio is a vital indicator of the financial position of a company. The indicator shows the amount of debt used to run a business.
PPL and CMS have a debt-to-capital of 57.4% and 65.18%, respectively, compared with the industry’s 61.05%. Both PPL and CMS have enough financial flexibility to meet their interest as shown in the times interest earned ratio of 2.8 and 2.5, respectively.
Image Source: Zacks Investment Research
Price PerformanceCMS Energy’s shares have gained 11.4% in the past six months compared with PPL’s rally of 4.9%.
Image Source: Zacks Investment Research
Wrapping UpPPL Corporation and CMS Energy are investing consistently in their infrastructure and efficiently providing reliable services to their customers.
Both companies discussed above are evenly matched in most of the metrics discussed above. Based on better ROE, a slightly elaborate capital investment plan and stronger price performance, CMS Energy has an edge over PPL Corporation.
Both companies currently carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways PPL benefits as data center, manufacturing and industrial investments lift demand across its territories. PPL plans $23B in investments through 2029, driving 10.3% annual rate base growth. PPL's 2026 and 2027 earnings estimates show year-over-year gains of 7.67% and 8.08%. PPL Corporation (PPL - Free Report) benefits from ongoing economic development across its service territories, driven by expanding data center, advanced manufacturing and industrial investments. Rising electricity demand supports higher infrastructure spending, expands the regulated rate base and strengthens long-term earnings visibility.
Pennsylvania has emerged as a key data-center growth market for PPL. During the first quarter of 2026, PPL disclosed that projects in advanced planning stages reached 28.3 gigawatts (GW), up 12% sequentially from 25.2 GW, with nearly 10 GW under signed Electric Service Agreements and about 5 GW already under construction. The company's reliable transmission network and fast interconnection capabilities continue to attract hyperscale customers.
In Kentucky, projected load growth increased to 12.9 GW through 2032 from the previously 8.5 GW, supported by interest from 13 new data center projects representing nearly 12 GW of potential demand. Global Laser Enrichment and Toyota Motor Manufacturing also announced combined investments of $2.6 billion in PPL's service territory, prompting management to raise its expected new load to 3.5 GW by 2032 from 1.8 GW.
To support this growth, PPL plans to invest about $23 billion through 2029, driving 10.3% annual rate base growth and upper-end 6-8% EPS growth.
Economic Development Drives Long-Term Utility GrowthUtilities benefit from economic development as new businesses, industries and data centers, and electric vehicle usage increases electricity demand. This drives infrastructure investments, expands the regulated rate base, supports earnings growth and enhances long-term shareholder value.
Alliant Energy (LNT - Free Report) is benefiting from ongoing economic development across its Iowa and Wisconsin service territories. The company is attracting data centers, advanced manufacturing facilities and other large industrial customers, increasing electricity demand while supporting regulated investments and long-term earnings growth.
Evergy (EVRG - Free Report) is benefiting from robust economic development across Kansas and Missouri, as growing investments in data centers, advanced manufacturing and commercial projects drive higher electricity demand. Its expanding large-customer pipeline supports long-term rate-base expansion and earnings growth.
PPL’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 earnings per share indicates a year-over-year increase of 7.67% and 8.08%, respectively.
Image Source: Zacks Investment Research
Debt to CapitalPPL's debt-to-capital ratio currently stands at 57.40%, lower than the electric power industry’s 60.71%.
Image Source: Zacks Investment Research
PPL’s Stock Price PerformanceIn the past month, the company’s shares have risen 6.2% compared with the industry’s 7.1% growth.
, /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced that Kenneth M. Hartwick, a veteran energy industry executive, will join its Board of Directors, effective July 1, 2026. He will serve on the People and Compensation Committee and Finance Committee of the Board. With Hartwick's appointment, PPL's board continues to reflect a broad mix of skills and experiences aligned with the company's strategic priorities.
"Ken's deep experience across the energy sector, including his leadership as both a utility CEO and CFO, will further strengthen our board," said Craig A. Rogerson, independent Chair of PPL's Board of Directors. "His strategic insight, financial and risk management expertise, and experience overseeing large-scale generation and infrastructure investments will be invaluable as we continue to execute our strategy and deliver for our customers and shareowners."
Hartwick most recently served as president and chief executive officer of Ontario Power Generation from 2019 to 2025, during which he led the company's strategic growth and operational performance, including oversight of major generation investments; nuclear, natural gas combined-cycle, hydroelectric and solar operations; and energy transition initiatives. Prior to that, he served as Ontario Power's chief financial officer and held executive leadership roles at Wellspring Financial Corporation, Just Energy Group and Hydro One. He began his career with Ernst & Young, where he became a partner advising clients in the energy and utilities sector.
Hartwick currently serves on the boards of MYR Group Inc., where he is board chair, Denison Mines Corp., Independent Electricity System Operator of Ontario and the Investment Management Corporation of Ontario.
With Hartwick's appointment, PPL's board will consist of 10 directors. In addition to Rogerson as independent Chair, the board includes eight other independent directors and PPL's president and chief executive officer.
About PPL
PPL Corporation (NYSE: PPL), headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.6 million customers in the U.S. PPL's high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions. For more information, visit www.pplweb.com.
Key Takeaways PPL is advancing clean energy through partnerships in carbon-free generation and energy storage. LG&E and KU partnered with X-energy to evaluate Xe-100 small modular reactors in Kentucky. PPL's shares rose 3.3% in the past month, topping the electric power industry's 2.2% gain. PPL Corporation (PPL - Free Report) is advancing its clean energy strategy through partnerships focused on carbon-free generation and energy storage. Collaborations involving advanced nuclear technology and pumped-storage hydropower support rising electricity demand, strengthen grid reliability and create long-term growth opportunities, while advancing decarbonization objectives.
Recently, PPL's regulated utilities, Louisville Gas and Electric Company (LG&E) and Kentucky Utilities (KU) Company, partnered with X-energy Inc. (XE) to evaluate the deployment of Xe-100 small modular reactors (SMR) in Kentucky to support rising electricity demand with reliable, long-term clean energy. Nuclear power could help PPL meet this demand while maintaining reliability and supporting decarbonization goals.
LG&E and KU are also collaborating with Rye Development to explore the 266 megawatt Lewis Ridge Pumped Storage Project. The project is still under evaluation and would not begin operating until around 2031. If approved, the project could enhance grid reliability, support renewable energy integration and create a future investment opportunity that expands PPL's regulated asset base.
For PPL, this collaboration represents a strategic step toward diversifying its generation portfolio with advanced nuclear technology, enhancing long-term energy reliability. If feasibility studies prove successful, SMRs could provide a reliable, carbon-free baseload power source, positioning the utility to capitalize on growing electricity demand, driven by industrial expansion and data-center development.
Diversified Generation Sources Strengthen Growth ProspectsA diversified generation portfolio strengthens long-term growth prospects by enhancing grid reliability and reducing dependence on any single source. It also supports rising electricity demand and provides greater operational flexibility amid evolving energy market dynamics.
Duke Energy Corporation (DUK - Free Report) benefits from a diversified electricity generation portfolio, with natural gas and fuel oil contributing 33.5% of output, followed by nuclear at 27.5%, coal at 14.5%, and hydroelectric and solar at 2%.
NextEra Energy, Inc. (NEE - Free Report) derives nearly 54% of its electricity generation from renewable energy sources. The company maintains a diversified generation portfolio, with natural gas accounting for 34% of output, nuclear energy 8% and other sources 1%.
PPL’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 earnings per share indicates a year-over-year increase of 7.73% and 8.13%, respectively.
Image Source: Zacks Investment Research
Debt to CapitalPPL's debt-to-capital ratio currently stands at 57.40%, lower than the electric power industry’s 60.97%.
Image Source: Zacks Investment Research
PPL’s Stock Price PerformanceIn the past month, the company’s shares have risen 3.3% compared with the industry’s 2.2% growth.
PPL (PPL - Free Report) closed the most recent trading day at $36.29, moving +1.97% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 1.44% for the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.
The stock of energy and utility holding company has fallen by 2.01% in the past month, lagging the Utilities sector's loss of 1.28% and the S&P 500's gain of 0.08%.
Market participants will be closely following the financial results of PPL in its upcoming release. The company is expected to report EPS of $0.35, up 9.38% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $2.15 billion, indicating a 6.19% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.95 per share and revenue of $9.63 billion, indicating changes of +7.73% and +6.47%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for PPL. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.06% higher within the past month. PPL is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, PPL currently has a Forward P/E ratio of 18.26. This expresses a premium compared to the average Forward P/E of 18.11 of its industry.
Also, we should mention that PPL has a PEG ratio of 2.43. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Utility - Electric Power industry had an average PEG ratio of 2.67.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 154, positioning it in the bottom 37% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
PPL Corporation's recent share weakness raises a key question as data center demand and a $23 billion investment plan meet valuation, debt and ROE concerns.
Piramal Pharma Solutions completed more than 200 customer audits and received over 70 approvals from regulatory agencies across its global network over the past year, with strong overall outcomes.This milestone reflects the Company's long-range quality strategy focused on sustained compliance, continuous audit readiness, and operational effectiveness.Through robust governance, quality culture initiatives, workforce development, and digital transformation, Piramal continues to strengthen its position as a reliable global CDMO partner., /PRNewswire/ -- Piramal Pharma Solutions ("PPS"), a leading global Contract Development and Manufacturing Organization (CDMO) and part of Piramal Pharma Ltd. (NSE: PPLPHARMA) (BSE: 543635), today announced that it completed more than 200 customer audits and received over 70 approvals from regulatory agencies across its global network over the past fiscal year. The positive outcomes reflect the strength of the Company's long-range quality strategy and its ongoing commitment to scientific excellence and continuous improvement.
PPS's quality strategy combines robust governance, quality culture, workforce development, process harmonization, and digital transformation to support sustained compliance, continuous audit readiness, and operational effectiveness. This approach helps the Company proactively address evolving regulatory expectations while maintaining a high level of readiness across its global development and manufacturing operations.
Key elements of this strategy include a comprehensive quality governance framework, predictive quality tools that help assess site readiness and compliance health, and tailored systems that improve efficiency and reduce the cost of poor quality. PPS's REsolute to SOLVE Deviations (RESOLVE) program drives right-first-time execution in manufacturing and Quality Control (QC) laboratories, helping minimize errors and support timely readiness for regulatory interactions. Core initiatives within the program include concurrent batch record review, site-wide quality ownership, shopfloor quality oversight, and strengthened operational vigilance. As part of its broader approach, the Company has also implemented specialized training programs to enhance audit readiness, regulatory engagement, and decision-making, further strengthening quality capabilities across the organization.
Digital platforms are further strengthening quality processes at PPS by increasing efficiency and transparency across global operations. With eLab, PPS digitizes QC laboratories and automates testing processes, helping reduce errors while improving predictability and turnaround times. Complementing that program is exForms, which digitizes GxP forms to support ALCOA compliance, improve accessibility, accelerate approvals, and reinforce continuous audit readiness. To further these efforts, the Company has adopted iAssist, a validated human-in the-loop AI-enabled tool designed to support the speed and rigor of investigations. The tool helps structure investigation outputs, improve consistency, and reduce manual effort for PPS teams. These additions complement already digitized QMS, LMS and DMS platforms, which have been functional for several years now.
"At Piramal Pharma Solutions, quality is integral to everything we do," said Rashida Najmi, PPS's Chief Quality Officer. "Our focus is on building quality into everyday operations so that audit readiness is sustained, not episodic. That discipline helps us deliver the consistency and reliability our customers expect."
PPS successful regulatory and customer audit track record firmly demonstrates the Company's long-term commitment to quality and further reinforces its ability to consistently deliver safe, effective therapies to patients worldwide.
About Piramal Pharma Solutions
Piramal Pharma Solutions (PPS) is a Contract Development and Manufacturing Organization (CDMO) offering end-to-end development and manufacturing solutions across the drug life cycle. We serve our customers through a globally integrated network of facilities in North America, Europe, and Asia. This enables us to offer a comprehensive range of services including drug discovery solutions, process and pharmaceutical development services, clinical trial supplies, commercial supply of APIs, and finished dosage forms. We also offer specialized services such as the development and manufacture of highly potent APIs, antibody-drug conjugations, sterile fill/finish, peptide products and services, and potent solid oral drug products. PPS also offers development and manufacturing services for biologics including vaccines and gene therapies, made possible through Piramal Pharma Limited's associate company, Yapan Bio Private Limited.
For more information visit: Piramal Pharma Solutions | LinkedIn| Facebook | X
About Piramal Pharma Limited
Piramal Pharma Limited (PPL), (NSE: PPLPHARMA) (BSE: 543635), offers a portfolio of differentiated products and services through its 17* global development and manufacturing facilities and a global distribution network in over 100 countries. PPL includes Piramal Pharma Solutions (PPS), an integrated contract development and manufacturing organization; Piramal Critical Care (PCC), a complex hospital generics business; and the Piramal Consumer Healthcare business, selling over-the-counter consumer and wellness products. In addition, one of PPL's associate companies, Abbvie Therapeutics India Private Limited, a joint venture between Abbvie and PPL, has emerged as one of the market leaders in the ophthalmology therapy area in the Indian pharma market. Further, PPL has a strategic minority investment in Yapan Bio Private Limited, that operates in the biologics / bio-therapeutics and vaccine segments.
For more information, visit: Piramal Pharma | LinkedIn
*Includes one facility via PPL's minority investment in Yapan Bio.
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Key Takeaways PPL plans nearly $23B in investments through 2029 to strengthen infrastructure and reliability. PPL targets 10.3% annual rate base growth through 2029 from transmission and distribution upgrades.PPL expects capital spending to support 6-8% annual earnings growth through 2029. PPL Corporation (PPL - Free Report) benefits from its systematic capital investment plan, which focuses on modernizing electric infrastructure, reducing carbon emissions and enhancing grid reliability, allowing the company to provide high-quality services to customers. These investments strengthen operational efficiency, ensure service reliability, support rate base growth, improve cash flows and long-term shareholder value creation.
The company plans to invest $5.1 billion in 2026 and nearly $23 billion through 2029 to strengthen energy infrastructure, expand cleaner generation asset, enhance service reliability and affordability. The company’s investment plan allocates $8 billion for transmission upgrades and $7.2 billion for distribution improvements, enhancing grid reliability and resilience, and supporting average annual rate base growth of 10.3% through 2029.
PPL's growth is supported by economic development, an expanding customer base and rising electricity demand from data center expansion across its Pennsylvania and Kentucky service territories.
These investments are expected to support PPL’s targeted annual earnings growth of 6-8% through 2029 by expanding and modernizing its regulated utility infrastructure. These capital expenditures provide opportunities for the company to seek regulatory approval for new rate implementations. The new rate helps to recover costs and earn regulated returns, support revenue growth, strengthen cash flows and drive long-term earnings expansion.
Capital Investments Driving Utility GrowthUtility operations are capital intensive and require regular capital investment for infrastructure upgrades and maintenance to ensure operational efficiency and support growing demand. These investments enhance grid reliability and help avoid outages even during extreme weather conditions. Other utilities that stand to benefit from capital expenditure are as follows:
Exelon (EXC - Free Report) aims for capital expenditure of $41.7 billion in 2026-2029 and targets 7.9% rate base growth, including $16.3 billion for transmission and $21.8 billion for distribution infrastructure.
FirstEnergy Corp. (FE - Free Report) plans to invest $36 billion during 2026-2030, supporting a 10% compound annual rate base growth. This capital investment will fund grid modernization initiatives, including advanced technologies and infrastructure upgrades across transmission and distribution networks.
PPL’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 EPS indicates a year-over-year increase of 7.73% and 8.21%, respectively.
Image Source: Zacks Investment Research
Debt to CapitalPPL's debt-to-capital ratio currently stands at 57.40%, lower than the electric power industry’s 59.94%.
Image Source: Zacks Investment Research
PPL’s Stock Price PerformanceIn the past month, the company’s shares have risen 3.7% compared with the industry’s 1.9% growth.
Image Source: Zacks Investment Research
PPL’s Zacks RankPPL currently has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
PPL (PPL - Free Report) closed the most recent trading day at $35.85, moving +1.1% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.5%. At the same time, the Dow added 0.7%, and the tech-heavy Nasdaq gained 0.31%.
Coming into today, shares of the energy and utility holding company had lost 0.89% in the past month. In that same time, the Utilities sector lost 2.17%, while the S&P 500 lost 0.23%.
The upcoming earnings release of PPL will be of great interest to investors. It is anticipated that the company will report an EPS of $0.35, marking a 9.38% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $2.15 billion, up 6.19% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.95 per share and a revenue of $9.57 billion, signifying shifts of +7.73% and +5.81%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for PPL. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, PPL holds a Zacks Rank of #4 (Sell).
From a valuation perspective, PPL is currently exchanging hands at a Forward P/E ratio of 18.21. This signifies a premium in comparison to the average Forward P/E of 17.8 for its industry.
One should further note that PPL currently holds a PEG ratio of 2.42. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Utility - Electric Power industry stood at 2.64 at the close of the market yesterday.
The Utility - Electric Power industry is part of the Utilities sector. At present, this industry carries a Zacks Industry Rank of 153, placing it within the bottom 38% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
PPL (PPL - Free Report) reported $2.77 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 10.8%. EPS of $0.63 for the same period compares to $0.60 a year ago.
The reported revenue represents a surprise of +5.86% over the Zacks Consensus Estimate of $2.62 billion. With the consensus EPS estimate being $0.61, the EPS surprise was +4.13%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how PPL performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Rhode Island Regulated: $595 million versus $658.5 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5% change.Revenues- Pennsylvania Regulated: $971 million versus the two-analyst average estimate of $867.71 million. The reported number represents a year-over-year change of +18.6%.Operating Income- PPL Electric Utility: $294 million compared to the $324.58 million average estimate based on two analysts.View all Key Company Metrics for PPL here>>>
Shares of PPL have returned -7.6% over the past month versus the Zacks S&P 500 composite's +11% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
PPL Corporation (PPL) maintains a Hold rating as shares trade near intrinsic value and historical valuation metrics. Q1 results were solid, with EPS and revenue beats, and management reaffirmed 6%-8% annual EPS growth through 2029. Data center-driven load growth and regulatory progress support PPL's $23 billion capex plan, but risks include rate-case outcomes and financing costs.
PPL Corp (NYSE:PPL) on Friday reported better-than-expected earnings for the first quarter.
The company posted quarterly earnings of 63 cents per share which beat the analyst consensus estimate of 62 cents per share. The company reported quarterly sales of $2.774 billion which beat the analyst consensus estimate of $2.668 billion.
PPL affirmed FY2026 adjusted EPS guidance of $1.90-$1.98.
PPL shares rose 0.6% to trade at $36.12 on Monday.
These analysts made changes to their price targets on PPL following earnings announcement.
BMO Capital analyst James Thalacker maintained PPL with an Outperform rating and lowered the price target from $42 to $40. Barclays analyst Theresa Chen maintained the stock with an Overweight rating and cut the price target from $41 to $39. Considering buying PPL stock? Here’s what analysts think:
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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about PPL (PPL - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
PPL currently has an average brokerage recommendation (ABR) of 1.53, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 16 brokerage firms. An ABR of 1.53 approximates between Strong Buy and Buy.
Of the 16 recommendations that derive the current ABR, 11 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 68.8% and 6.3% of all recommendations.
Brokerage Recommendation Trends for PPL
Check price target & stock forecast for PPL here>>>
While the ABR calls for buying PPL, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in PPL?Looking at the earnings estimate revisions for PPL, the Zacks Consensus Estimate for the current year has declined 0.3% over the past month to $1.95.
Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for PPL. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, it could be wise to take the Buy-equivalent ABR for PPL with a grain of salt.
The Riverview facility provides comprehensive services for active pharmaceutical ingredients (APIs) and high potency APIs (HPAPIs), including specialized solutions for payload-linkers. This cutting-edge suite will significantly enhance the company's ability to support global payload-linker development and manufacturing and help partners bring complex therapies like antibody-drug conjugates (ADCs) and other bioconjugates to market., /PRNewswire/ -- Piramal Pharma Solutions, a leading global Contract Development and Manufacturing Organization (CDMO) and part of Piramal Pharma Ltd. (NSE: PPLPHARMA) (BSE: 543635) ("PPS"), has officially unveiled a new, state-of-the-art payload-linker development and manufacturing suite at its Riverview, Michigan drug substance facility. This launch is a key element of the company's broader $90 million investment plan to extend U.S.-based manufacturing capabilities, announced last year. In addition to the payload-linker suite, the plan will add new technology and enhanced commercial-scale manufacturing capabilities at PPS's dedicated sterile injectables facility in Lexington, Kentucky. These strategic enhancements reinforce PPS's commitment to bringing complex and innovative therapies to patients quickly and reliably.
"The launch of our new payload-linker suite at Riverview marks a major milestone for PPS and our partners," said Peter DeYoung, CEO, Piramal Global Pharma. "The suite places world-class expertise, advanced technology, and commercial-scale payload-linker capabilities right here in Michigan, empowering our customers to accelerate the development and delivery of life-changing therapies, like ADCs. This investment demonstrates our deep commitment to U.S.-based innovation and manufacturing, ensuring our partners benefit from unmatched efficiency, supply chain security, and a seamless path from concept to clinic for these critical medicines."
With over 60 years of drug substance development and manufacturing experience, Riverview is a distinguished leader in its field. Drawing on its diverse expertise, the site provides a comprehensive range of capabilities for APIs and HPAPIs. Leveraging its specialized HPAPI knowledge and abilities, Riverview serves as PPS's dedicated payload-linker supplier, making it critical to ADCelerate™ – PPS's rapid, integrated approach to phase I ADC development.
The addition of this payload-linker suite is designed to help PPS accelerate partners' timelines and adapt to evolving market needs. Equipped with advanced containment, automation, and analytical technologies, the suite enables seamless scaling of payload-linker programs. This further strengthens the ADCelerate™ platform and positions PPS to meet the rising demand for ADCs and other bioconjugate therapies.
The expansions in Riverview and Lexington reinforce PPS's position as the partner of choice for innovator companies looking for patient-centric, U.S.-based drug development and manufacturing solutions.
About Piramal Pharma Solutions
Piramal Pharma Solutions (PPS) is a Contract Development and Manufacturing Organization (CDMO) offering end-to-end development and manufacturing solutions across the drug life cycle. We serve our customers through a globally integrated network of facilities in North America, Europe, and Asia. This enables us to offer a comprehensive range of services including drug discovery solutions, process and pharmaceutical development services, clinical trial supplies, commercial supply of APIs, and finished dosage forms. We also offer specialized services such as the development and manufacture of highly potent APIs, antibody-drug conjugations, sterile fill/finish, peptide products and services, and potent solid oral drug products. PPS also offers development and manufacturing services for biologics including vaccines and gene therapies, made possible through Piramal Pharma Limited's associate company, Yapan Bio Private Limited.
For more information visit: Piramal Pharma Solutions | LinkedIn| Facebook | X
About Piramal Pharma Limited
Piramal Pharma Limited (PPL) (NSE: PPLPHARMA) (BSE: 543635), offers a portfolio of differentiated products and services through its 17* global development and manufacturing facilities and a global distribution network in over 100 countries. PPL includes Piramal Pharma Solutions (PPS), an integrated contract development and manufacturing organization; Piramal Critical Care (PCC), a complex hospital generics business; and the Piramal Consumer Healthcare business, selling over-the-counter consumer and wellness products. In addition, one of PPL's associate companies, Abbvie Therapeutics India Private Limited, a joint venture between Abbvie and PPL, has emerged as one of the market leaders in the ophthalmology therapy area in the Indian pharma market. Further, PPL has a strategic minority investment in Yapan Bio Private Limited, that operates in the biologics / bio-therapeutics and vaccine segments.
For more information, visit: Piramal Pharma | LinkedIn
View original content to download multimedia:https://www.prnewswire.com/news-releases/piramal-pharma-solutions-unveils-state-of-the-art-payload-linker-suite-at-its-riverview-michigan-facility-302771099.html
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- PPL Corporation (NYSE: PPL) declared a quarterly common stock dividend on Wednesday, May 13, 2026 of $0.2850 per share, payable Jul. 1, 2026 to shareowners of record as of Jun. 10, 2026.
About PPL
PPL Corporation (NYSE: PPL), headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.6 million customers in the U.S. PPL's high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions. For more information, visit www.pplweb.com
Note to Editors: Visit our media website at www.pplnewsroom.com for additional news about PPL Corporation.
PPL to Pay Quarterly Stock Dividend July 1, 2026 PR Newswire
ALLENTOWN, Pa., May 13, 2026
, /PRNewswire/ -- PPL Corporation (NYSE: PPL) declared a quarterly common stock dividend on Wednesday, May 13, 2026 of $0.2850 per share, payable Jul. 1, 2026 to shareowners of record as of Jun. 10, 2026.
About PPL
PPL Corporation (NYSE: PPL), headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.6 million customers in the U.S. PPL's high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions. For more information, visit www.pplweb.com
Note to Editors: Visit our media website at www.pplnewsroom.com for additional news about PPL Corporation.
Contacts:
For news media: Ryan Hill, 610-774-4033
For financial analysts: Andy Ludwig, 610-774-3389
View original content to download multimedia:https://www.prnewswire.com/news-releases/ppl-to-pay-quarterly-stock-dividend-july-1-2026-302771258.html
PPL NYSE: PPL reported higher first-quarter earnings and reaffirmed its 2026 and long-term financial targets, while executives highlighted regulatory developments, data center-driven load growth and potential generation investments across the company’s service territories.
President and CEO Vince Sorgi said PPL delivered “strong financial and operational results” in the first quarter, reporting GAAP earnings of $0.60 per share. Adjusting for special items, ongoing earnings were $0.63 per share. PPL reaffirmed its 2026 ongoing earnings guidance of $1.90 to $1.98 per share, with a midpoint of $1.94.
The company also remains on track to complete about $5.1 billion of planned investments in 2026. Longer term, PPL continues to project approximately $23 billion of capital investment through 2029, supporting average annual rate base growth of 10.3%. That forecast excludes any investments that could come from the company’s joint venture with Blackstone.
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Sorgi said PPL is maintaining its long-term financial targets, including 6% to 8% annual earnings-per-share growth through at least 2029, with compound annual growth expected near the top end of that range. The company also continues to target 4% to 6% annual dividend growth.
Quarterly Earnings Improve on Kentucky Rates, Transmission Revenue Chief Financial Officer Joe Bergstein said first-quarter GAAP earnings rose to $0.60 per share from $0.56 per share in the prior-year quarter. Special items totaled $0.03 per share, primarily tied to an ISO New England transmission return-on-equity reduction and customer and meter system integration impacts, partially offset by regulatory asset treatment of costs related to PPL’s IT transformation in Kentucky.
Ongoing earnings increased by $0.03 per share from the first quarter of 2025. Bergstein said the improvement was driven mainly by higher base rate recovery in Kentucky and higher transmission revenues from additional capital investments, partly offset by higher depreciation and financing costs.
Kentucky segment results increased by $0.03 per share, mainly due to new retail rates that took effect Jan. 1. Pennsylvania regulated results reflected higher transmission revenue from additional capital investments, offset by higher operating, depreciation and interest expenses. Rhode Island results benefited from higher rider revenue returns, including recovery through the infrastructure, safety and reliability mechanism and FERC formula rates, but were offset by higher depreciation expense.
Bergstein also noted that PPL completed a $1.15 billion equity units offering in February, with a purchase contract for PPL common shares settling in February 2029. He said the transaction has de-risked about two-thirds of the total equity needed to support the company’s current capital expenditure plan.
Pennsylvania Rate Settlement Advances Sorgi said PPL Electric Utilities reached a settlement with the majority of interveners in its Pennsylvania distribution base rate case. The case was filed in the third quarter of last year after more than 10 years since the utility’s prior base rate case filing.
According to Sorgi, the settlement would result in bill increases of less than 4% across all customer classes, while keeping PPL Electric’s delivery rates among the lowest in Pennsylvania. The company also agreed to a two-year stay-out period after new base rates are implemented.
The settlement includes measures aimed at vulnerable customers, including increased hardship fund bill credits, improved access to assistance programs, elimination of reconnection fees, streamlined return of security deposits and a higher annual low-income weatherization budget.
PPL also created a proposed large load customer rate class and electric service tariff, which Sorgi said includes protections for other customers, including a 10-year load requirement and financial commitments. He said the proposed tariff and rate class would provide about $11 million annually to support residential low-income programs.
Administrative law judges recommended approval of the settlement without modification on April 17. PPL expects a final decision from the Pennsylvania Public Utility Commission by the end of June, with new rates effective July 1.
Data Center Demand Continues to Grow PPL executives said data center development continues to expand in Pennsylvania. Sorgi said projects in advanced stages of planning now total 28.3 gigawatts, up 12% from 25.2 gigawatts discussed during the company’s year-end update call. These projects have executed letters of agreement or electric service agreements with financial commitments from developers.
Of that total, about 10 gigawatts now have signed electric service agreements, including contracts with QTS, AWS, PowerHouse, CoreWeave and others, Sorgi said. About 5 gigawatts of advanced-stage projects are already under construction.
In response to an analyst question, Sorgi said PPL’s current plan includes about $1.3 billion of incremental transmission capital expenditures. He said the 28-gigawatt pipeline could represent “at least another half a billion” of upside beyond the current plan, though some of that spending would likely occur beyond 2029.
Sorgi said PPL’s electric service agreements include prepayments, credit support and minimum load obligations designed to ensure developers, rather than existing customers, bear financial risk if projects do not proceed as planned.
Kentucky is also seeing increased load growth. Sorgi said LG&E and KU’s development pipeline now reflects 12.9 gigawatts of potential new load through 2032, up nearly 4 gigawatts from the year-end update. Nearly 12 gigawatts of active requests are tied to data center demand, with roughly one-third considered highly active. About 650 megawatts are under construction or agreement.
Based on updated planning assumptions, PPL now projects approximately 3.5 gigawatts of expected new load by 2032, compared with about 1.8 gigawatts assumed in its most recent Kentucky Certificate of Public Convenience and Necessity forecast.
Blackstone Joint Venture and Generation Options Sorgi said momentum is building around PPL’s joint venture with Blackstone Infrastructure, which is focused on generation solutions tied to data center growth in Pennsylvania. He said interest from hyperscalers and developers remains high, and the joint venture is doing upfront development work so it can move quickly once commercial agreements are finalized.
The joint venture is engaged in discussions with gas pipeline companies to ensure access to low-cost Marcellus Shale gas for future generation projects. Sorgi said PPL is executing multiple gas turbine reservation agreements and has submitted requests for multiple generation projects into PJM’s interconnection queue for land sites currently under the company’s control.
However, Sorgi emphasized that PPL will not build projects without signed energy supply services agreements. He said the company expects any commercial structures to support a “utility-like risk profile” through long-term contracts.
During the question-and-answer session, Sorgi said it is “probably likely” that PPL would have something meaningful to announce this year regarding such agreements, though he cautioned that the contracts are complex and require review by hyperscaler customers.
In Kentucky, PPL announced partnerships with Rye Development and X-energy. The Rye partnership will evaluate a 266-megawatt pumped storage hydro project in Bell County, converting former coal mine land into an energy storage facility with up to eight hours of storage. Sorgi said the project’s commercial operation date is currently projected for 2031, with initial cost estimates of about $1.3 billion, excluding potential eligibility for a 50% investment tax credit. The project is not in PPL’s current capital plan or earnings projections.
PPL’s collaboration with X-energy will explore deployment of X-energy’s Xe-100 small modular reactor in Kentucky to support large load customers, including data centers, with long-term carbon-free electricity. Sorgi said any nuclear development would proceed through a disciplined, phased approach and would be gated by economics, regulatory certainty and capital discipline.
Rhode Island Investments and Affordability Measures In Rhode Island, Sorgi said Rhode Island Energy received approval for more than $330 million of infrastructure investments through its latest annual electric and gas infrastructure, safety and reliability plans. Recovery began April 1.
The company’s Rhode Island base rate case remains on track, with evidentiary hearings planned for June and July and new rates expected to take effect Sept. 1. Rhode Island Energy is requesting a revenue requirement increase over two years, consisting of $181 million in year one and an additional $49 million in year two.
Sorgi said Rhode Island Energy also filed a new hold harmless commitment proposal expected to provide bill credits that would significantly offset the impact of the proposed base rate increase. The credits are expected to begin in the first quarter of 2027.
Throughout the call, executives emphasized affordability as a central focus. Sorgi said PPL does not view growth and affordability as competing objectives, adding that incremental load, disciplined investment and generation development can improve system utilization and help lower overall customer costs if executed properly.
About PPL NYSE: PPLPPL Corporation is an energy company that owns and operates electric transmission and distribution infrastructure and provides related customer services. The company's core business centers on delivering electricity to residential, commercial and industrial customers through regulated utility operations, maintaining grid reliability, responding to outages and managing customer billing and account services.
PPL's activities include construction and maintenance of distribution and transmission lines, meter and grid management, and programs to support energy efficiency and the interconnection of distributed resources.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in PPL Right Now?Before you consider PPL, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PPL wasn't on the list.
While PPL currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
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Key Takeaways PPL's shares rose 1% in six months, far behind the industry's 17.6% growth.PPL plans nearly $23B capex in 2026-2029, targeting 10.3% annual rate base growth through 2029.PPL sees data-center demand rising to 28.3 GW in Pennsylvania and a 12.9 GW load pipeline in Kentucky. PPL Corporation’s (PPL - Free Report) shares have gained 1% in the past six months compared with the Zacks Utility-Electric Power industry’s rise of 17.6%. The company also underperformed the Zacks Utilities sector in the same time frame.
PPL Corporation has delivered an average negative earnings surprise of 2.07% over the past four quarters, while increasing competition in the transmission business could continue to pressure its operations. Yet, the company stands to benefit from growing data center demand, especially in Pennsylvania and Kentucky, where such facilities require substantial electricity consumption.
Price Performance (One Year)
Image Source: Zacks Investment Research
Another operator in the same space, FirstEnergy Corp. (FE - Free Report) , is making a substantial investment to strengthen its infrastructure to provide reliable services to customers. The company’s earnings surpassed estimates in three out of the past four reporting quarters and its shares have gained 5.5% in the past year.
Should investors consider adding PPL to their portfolio based on the current softness in price movements? Let us delve deeper and find out the factors that can help investors decide whether it is a good entry point to add PPL stock to their portfolios.
Factors Strengthening PPL Corporation’s OutlookPPL is also benefiting from economic growth and rising data center demand across its service territories. In Pennsylvania, advanced-stage data center demand has increased to nearly 28.3 gigawatt (“GW”) from 25.2 GW, while Kentucky’s economic development pipeline now indicates potential load growth of 12.9 GW through 2032, up from the earlier estimate of 8.5 GW.
PPL Corporation plans to invest nearly $23 billion between 2026 and 2029, targeting an average annual rate base growth of around 10.3% through 2029. The company’s focus on generation, transmission and distribution projects, along with ongoing infrastructure upgrades, has helped improve service reliability and reduce customer outages.
More than 60% of PPL’s capital investment plan qualifies for “contemporaneous recovery,” which mitigates the effects of regulatory lag on earnings. This expedited recovery of capital expenditures enables the company to efficiently fund its long-term projects.
PPL Corporation utilizes a “self-healing grid” through its smart grid technology, enabling the system to automatically identify outages and redirect power to reduce customer disruptions. The advanced infrastructure also delivers real-time data, supporting proactive maintenance and improving overall grid reliability and operational efficiency.
Headwinds for PPL StockPPL Corporation faces challenges from high capital investment needs, project execution and cost-recovery risks, and rising competition in Pennsylvania’s transmission market. The company also remains exposed to weather-related demand fluctuations, operational and cyber risks, equipment failures, and fuel supply disruptions, all of which could pressure profitability.
PPL Stock’s Earnings Estimate Moving NorthPPL expects 2026 earnings to be $1.90-$1.98 per share. The Zacks Consensus Estimate for PPL’s 2026 and 2027 earnings per share indicates year-over-year growth of 7.73% and 8.21%, respectively.
Image Source: Zacks Investment Research
The same for FirstEnergy’s 2026 and 2027 earnings per share indicates year-over-year growth of 7.06% and 7.73%, respectively.
PPL’s Debt to CapitalUtility operations are capital-intensive and companies in this sector often need to borrow to fund long-term projects when internal resources are insufficient. The company is also borrowing funds to meet its capital requirements.
PPL’s current debt to capital is 57.4% compared with its industry average of 59.94%. This shows the company is utilizing lower debts than peers to run its operations.
Image Source: Zacks Investment Research
Another utility, Exelon Corporation (EXC - Free Report) , has strong transmission and distribution operations and is investing strategically to further expand its infrastructure. Exelon has plans to invest $41.3 billion in the 2026-2029 period to further strengthen its operations. EXC’s debt to capital is currently pegged at 63.31%, which is higher than its industry average.
PPL Stock Trades at a PremiumPPL Corporation is currently valued at a premium compared with its industry on a forward 12-month P/E basis. The stock is trading at a P/E F12M of 17.55X compared with its industry’s 15.7X.
Image Source: Zacks Investment Research
Exelon is currently trading at a discount compared with its industry at a P/E F12M of 15.2X.
PPL’s Return Is Lower Than the IndustryReturn on equity (“ROE”) is a financial ratio that measures how well a company uses its shareholders’ equity to generate profits. The current ROE of the company indicates that it is using shareholders’ funds more efficiently than peers.
PPL’s trailing 12-month ROE is 9.41%, lower than the industry average of 11.08%.
Image Source: Zacks Investment Research
Rounding UpPPL Corporation is strengthening its grid through major infrastructure investments, IT modernization and an expanded $23 billion capital expenditure plan, which supports a 10.3% rate base CAGR while improving system reliability and resilience. The company is also benefiting from rising data center-driven load growth and timely rate recovery, which enables it to efficiently fund the long-term projects.
However, PPL Corporation is currently trading at a premium valuation and generating returns below the industry average. As a result, investors may be better off avoiding this Zacks Rank #4 (Sell) stock for now and wait for a more attractive entry point.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways PPL raised its quarterly dividend 4.6% to 28.5 cents a share, or $1.14 annualized. PPL targets 4-6% dividend growth through 2029 and expects a 50-60% payout ratio.PPL plans $23B in investments, with over 60% eligible for contemporaneous recovery to support cash flows. PPL Corporation (PPL - Free Report) continues to increase its shareholders’ value by paying dividends at regular intervals and raising the dividend rate annually. The company has a long history of rewarding shareholders, courtesy of its strong operational performance and resilient cash-flow generation.
The company’s board of directors has approved a 4.6% year-over-year increase in quarterly dividend to 28.5 cents per share from 27.25 cents, resulting in an annualized dividend of $1.14. PPL has distributed dividends for 80 consecutive years, targets annual dividend growth of 4-6% through 2029 and expects a 50-60% payout ratio.
While current dividend payments do not guarantee future payouts at the same rate, a company’s financial performance and long-term plans can help assess its ability to sustain shareholder-friendly initiatives going forward.
PPL's regulated structure, along with its focus on generation, transmission and distribution projects, supports its future growth and steady cash-flow generation. The company benefits from robust economic development in its service territory and increasing clean electricity demand from data centers. This supports stable revenue growth and strengthens the company’s overall financial performance.
In Pennsylvania, advanced-stage data center demand has increased to nearly 28.3 gigawatt (GW) from 25.2 GW, while Kentucky’s economic development pipeline now indicates potential load growth of 12.9 GW through 2032, up from the earlier estimate of 8.5 GW. The company targets 6-8% annual earnings growth through 2029, supported by $23 billion in capital investments and 10.3% rate base growth. More than 60% of PPL’s capital investment plan qualifies for “contemporaneous recovery,” which mitigates the effects of regulatory lag on earnings and ensures regular cash flows.
Utilities' Long History of Dividend PaymentUtility companies benefit from stable cash flows generated by regulated operations and essential services, supporting consistent dividend payments across economic cycles. Expanding rate bases, infrastructure investments and predictable earnings growth further strengthen their ability to deliver reliable long-term returns for income-focused investors.
Duke Energy (DUK - Free Report) has rewarded its shareholders through consistent dividend payments for the past 100 years. The company’s board has approved a quarterly dividend of $1.065 per share, resulting in an annualized dividend of $4.26.
Consolidated Edison, Inc. (ED - Free Report) has consistently enhanced shareholder value through regular dividend payments and has increased its annual dividend for 52 consecutive years. The company’s board has approved a quarterly dividend of 88.75 cents, resulting in an annualized dividend of $3.55 per share.
PPL’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 EPS indicates an increase of 7.73% and 8.21%, respectively, year over year.
Image Source: Zacks Investment Research
PPL's Stock Trading at a PremiumPPL is trading at a premium relative to the industry, with a forward 12-month price-to-earnings of 18.0X compared with the industry average of 15.86X.
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PPL’s Stock Price PerformanceIn the past three months, the company’s shares have plunged 2.8% compared with the industry’s 4.9% decline.
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PPL’s Zacks RankPPL currently has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Project advancing on schedule and expected to begin commercial operation by fall of 2027.
, /PRNewswire/ -- BrightNight today announced that it reached financial close for Frontier, a 120 MW solar PV project located in Washington and Marion counties, Kentucky. Once constructed, Frontier will become a new, additional source of renewable generation for Louisville Gas and Electric Company and Kentucky Utilities Company (LG&E and KU.) BrightNight and LG&E and KU entered into a Build Transfer Agreement for the project in August 2024 as part of the utilities' long-term strategic investment plans to support Kentucky's growing energy needs with safe, reliable, affordable and sustainable energy.
Pictured is BrightNight's Box Canyon solar project in Arizona
LG&E and KU Frontier is advancing on schedule, with Commercial Operation expected by fall of 2027. Reaching financial close marks the successful conversion of years of development, engineering, commercial structuring, and pre-construction investment into a fully financed infrastructure asset moving into construction.
The project, which was approved by the Kentucky Public Service Commission in 2023 as part of LG&E and KU's Certificate of Public Convenience and Necessity (CPCN) filing, represents continued execution across BrightNight's growing U.S. portfolio, which includes more than 30 GW of power projects concentrated in the nation's fastest-growing energy markets. Frontier joins a series of recently advanced projects as proof of BrightNight's ability to originate, develop, and finance complex, multi-stakeholder energy infrastructure at scale.
Project financing was provided by a consortium of leading banks including ING Capital LLC, Natixis Corporate & Investment Banking, and HSBC. The successful close reflects strong capital market confidence in BrightNight's disciplined development approach, integrated project design, and focus on long-term asset performance.
"Frontier demonstrates the strong demand for BrightNight's cost-effective power solutions for Kentucky and across the United States," said Martin Hermann, CEO of BrightNight. "This milestone reflects not only the strength of this project, but also our ability to consistently bring complex projects from concept to fully financed reality. We are proud to partner with LG&E and KU on a project that will deliver long-term value, operational excellence, and a meaningful contribution to the region's growing energy needs."
"It's an exciting time in Kentucky where we're experiencing unprecedented economic growth opportunities, creating more jobs and tax incentives for the communities we're proud to serve, and powering that growth, we're proud to operate one of the most reliable generation fleets in the nation," said John R. Crockett III, President for LG&E and KU. "Our partnership with BrightNight on the Frontier project is an important step in advancing additional renewable energy resources in our generation portfolio while maintaining affordable rates and reliable service our customers expect."
With financing secured, BrightNight will continue to advance Frontier through its next phase of execution, including construction mobilization and coordinated delivery across engineering, procurement, and construction to Final Completion.
Frontier's design and development leveraged BrightNight's advanced optimization platform, PowerAlpha®, to deliver best-in-class power project value for LG&E and KU.
With multiple projects progressing through development, financing, construction and operations across the U.S., BrightNight continues to build momentum as a leading provider of next-generation power infrastructure, delivering scalable solutions for utilities, data centers, and commercial and industrial customers.
ABOUT BRIGHTNIGHT
BrightNight is a next-generation power and digital infrastructure company, purpose-built to serve the evolving needs of utilities, commercial and industrial (C&I) customers.
BrightNight designs, develops, and operates large-scale energy and infrastructure sites that integrate utility-scale renewables, advanced gas generation, battery energy storage, and power-optimized hubs for digital infrastructure. BrightNight's industry-leading 30 GW portfolio of best-in-class power projects is concentrated in the fastest-growing energy markets and data center hubs across the U.S.
BrightNight's customer focus, industry-leading team of talent, and proprietary AI platform – PowerAlpha® – enable it to deliver best-in-class economics, performance, and uptime.
To learn more, visit www.brightnightpower.com
ABOUT LG&E AND KU
Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) and its companies, are regulated utilities that serve nearly 1.4 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 336,000 natural gas and 443,000 electric customers in Louisville and 16 surrounding counties. KU serves 581,000 customers in 77 Kentucky counties and 28,000 in five counties in Virginia. More information is available at www.lge-ku.com and www.pplweb.com.
Forward Looking Statements & Information
Certain information contained in this news release constitutes forward looking information or forward looking statements (collectively, forward looking statements). All statements other than statements of historical fact are forward looking statements. Forward looking statements typically contain words such as anticipate, believe, confirms, continuous, estimate, expect, may, plan, project, should, will, offers, or similar words suggesting future outcomes, and include, without limitation, all financial projections, estimates of future costs, and projected performance or results. Forward looking statements by their nature are subject to risks, assumptions and uncertainties which may cause the actual outcomes of such events to differ from BrightNight's expectation as of the date hereof. Whether forward looking statements ultimately prove to be accurate will depend on factors outside of the control of BrightNight. Readers are encouraged to undertake their own analysis and investigation as to the reasonableness of any such forward looking statements. Forward looking statements contained in this news release are made as at the date of this news release and BrightNight disclaims any intent or obligation to update or to revise any of the included forward looking statements.
Key Takeaways PPL is tapping AI data-center expansion to lift clean electricity demand in Pennsylvania and Kentucky. PPL's Pennsylvania pipeline hit 28.3 GW; about 10 GW is under ESAs and 5 GW is already being built. PPL plans $23B in regulated capex (2026-2029) to connect new loads and boost reliability, cutting outages. PPL Corporation (PPL - Free Report) is benefiting from a rise in clean electricity demand from the expansion of AI-based data centers across its Pennsylvania and Kentucky service territories. AI-driven data centers require substantially higher power consumption than conventional facilities because of their computing demands, advanced chips and greater cooling needs for AI workloads and training processes. According to an Arizton Advisory & Intelligence report, the U.S. data center market size is expected to reach $308.83 billion by 2030.
PPL’s Pennsylvania segment registered nearly 28.3 gigawatts (GW) of potential data center demand, up from 25.2 GW, with nearly 10 GW under signed electricity service agreements (ESAs) and 5
GW already under construction.
In the Kentucky segment, the economic development pipeline now indicates potential load growth of 12.9 GW through 2032, up from the earlier estimate of 8.5 GW. The company received interest from 13 new data center projects, representing nearly 12 GW of active electricity demand.
PPL is undertaking substantial capital investments to upgrade its infrastructure and connect these data centers to the grid. It expects a regulated capital investment plan of $23 billion during 2026-2029. The company’s focus on generation, transmission and distribution projects, along with these investments, has helped improve service reliability and reduce customer outages.
Through these initiatives, PPL is strategically positioning itself to capitalize on the anticipated boom in the data center market. These efforts support new revenue streams and strengthen its long-term growth prospects.
Data Center Boom: A Growing Opportunity for UtilitiesThe rapid expansion of artificial intelligence and cloud computing is driving unprecedented data center electricity demand. This supports overall financial performance and creates a long-term growth opportunity for utilities. Other utilities that stand to benefit from the growing demand from data centers are as follows:
American Electric (AEP - Free Report) recognizes commercial load, driven particularly by energy-intensive sectors like AI-driven data centers. The company projects 63 GW of incremental contracted load by 2030, up from 56 GW previously, with hyperscale data centers contributing nearly 90% of demand.
Dominion Energy, Inc. (D - Free Report) is experiencing commercial load growth, driven by the demand from data centers. The company’s contracted data center capacity in Virginia rose to about 51 GW, increasing nearly 2.5 GW since December 2025.
PPL’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 EPS indicates a year-over-year increase of 7.73% and 8.21%, respectively.
Image Source: Zacks Investment Research
PPL Stock Trading at a PremiumPPL is trading at a premium relative to the industry, with a forward 12-month price-to-earnings of 17.55X compared with the industry average of 15.68X.
Image Source: Zacks Investment Research
PPL’s Stock Price PerformanceIn the past months, the company’s shares have plunged 6% compared with the industry’s 4.7% decline.
Image Source: Zacks Investment Research
PPL’s Zacks RankPPL currently has a Zacks Rank #4 (Sell). You can See the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
, /PRNewswire/ -- PPL Electric Utilities today announced that the Pennsylvania Public Utility Commission (PUC) has approved a settlement resolving the company's distribution rate review, supporting continued investment in a more reliable, resilient electric system while strengthening customer protections and affordability programs.
The approved settlement authorizes an increase of $275 million in annual base distribution revenues and reflects broad, collaborative agreement among customer advocates, environmental and business interests and other stakeholders. The PUC found the settlement to be in the public interest following a comprehensive review with a minor modification related to net metering eligibility.
"This decision reflects a thorough and rigorous review of the company's request and past performance," said Christine Martin, President of PPL Electric Utilities. "This strong outcome supports our commitment to deliver safe and reliable electric service to our customers. It enables us to continue making critical investments to strengthen reliability — helping reduce outages and operate more efficiently — while expanding protections and support for the customers and communities we serve."
Strengthening reliability and customer support
PPL Electric will make targeted investments to enhance system performance and resilience, including replacing aging infrastructure, expanding vegetation management, advancing smart grid technology and improving customer service systems. These investments are critical as the company responds to more frequent and severe weather.
The settlement also delivers meaningful support to customers — particularly those facing financial challenges — through expanded low-income assistance, enhanced screening for eligibility and no reconnection fees for income-eligible customers. PPL Electric will also continue offering flexible payment arrangements, energy-saving tools and programs to help customers better manage their bills.
Protecting customers as demand grows
As part of the decision, the company has established a new large-load customer rate class designed to support system growth while protecting existing customers. The new rate class includes binding long-term financial and usage commitments, including a minimum 10-year requirement for large users such as data centers, helping ensure infrastructure costs are paid by the large load customers and not inappropriately shifted to other customers.
Beginning in 2027, $11 million annually in low-income program assistance will be assigned to these large-load customers through a non-bypassable charge, providing important assistance to residential customers who need support while reducing these costs for other residential customers.
"As electricity demand grows, our priority is to maintain reliability, transparency and fairness," Martin said. "These provisions ensure customers driving new infrastructure needs pay their share and existing customers are protected while supporting continued investment and economic growth."
Implementation and customer impact
The decision will result in a 3.23% increase to residential customer bills. Bill changes based on estimated total bills as of July 1, 2026, are as follows:
Residential (1,000 kWh/month): $6.48 increase/month Commercial (1,000 kWh / 3 kW): $4.08 increase/month Industrial (150,000 kWh / 500 kW): $332.54 increase/month As part of the decision, PPL Electric will not increase distribution base rates for at least two years following implementation. This marks the company's first base rate increase since 2016 and continues a longstanding focus on managing costs and providing the reliable electric service our customers depend on.
"We thank the Shapiro Administration for constructive engagement in our rate case and we share the Governor's focus on affordability as outlined in his recent statement of principles," said Martin. "While this rate case was settled prior to the Governor's letter, PPL Electric looks forward to engaging with the Governor's Special Counsel to fulfill the expectations of those principles in future rate case filings."
Customers can learn more about assistance programs, payment options and energy-saving resources at pplelectric.com.
To learn more about the filings visit pplelectric.com/rateinfo.
About PPL Electric Utilities
PPL Electric Utilities delivers safe, reliable and affordable electricity to 1.5 million homes and businesses in eastern and central Pennsylvania. It regularly ranks among the country's best utility companies for reliability and customer satisfaction. PPL Electric Utilities is a major employer and an active supporter of the communities it serves. It is a part of the PPL Corporation (NYSE: PPL) family of companies. Visit pplelectric.com or connect on social media via Facebook, X and Instagram for energy efficiency tips, bill help information, guidance on shopping for an electricity supplier, storm updates and more.
Note to Editors: Visit our media website at https://news.pplweb.com/ for additional news and background about PPL Corporation.
Contact: For news media: Dana Burns, [email protected], 610-774-5997
PPL Electric Utilities
, /PRNewswire/ -- PPL Electric Utilities is pleased to report that, following the Pennsylvania Public Utility Commission's approval of its distribution rate case settlement with a minor modification, all parties to the joint settlement have reaffirmed their support and do not intend to withdraw.
The Company has submitted a letter to the rate case docket (R-2025-3057164) reflecting this continued support among stakeholders.
"We appreciate the parties' ongoing commitment to working constructively throughout this extensive review and for representing their constituents so effectively," said Christine Martin, President of PPL Electric Utilities. "As reflected in the Commission's decision, this settlement strikes an important balance by supporting affordability for customers while enabling the critical investments needed to serve our communities safely and reliably."
About PPL Electric Utilities
PPL Electric Utilities delivers safe, reliable and affordable electricity to 1.5 million homes and businesses in eastern and central Pennsylvania. It regularly ranks among the country's best utility companies for reliability and customer satisfaction. PPL Electric Utilities is a major employer and an active supporter of the communities it serves. It is a part of the PPL Corporation (NYSE: PPL) family of companies. Visit pplelectric.com or connect on social media via Facebook, Twitter and Instagram for energy efficiency tips, bill help information, guidance on shopping for an electricity supplier, storm updates and more.
Note to Editors: Visit our media website at https://news.pplweb.com/ for additional news and background about PPL Corporation.
Contact: For news media: Dana Burns, [email protected], 610-774-5997
PPL Electric Utilities
In the latest trading session, PPL (PPL - Free Report) closed at $35.74, marking a +1.65% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 2.65%. Elsewhere, the Dow saw a downswing of 1.35%, while the tech-heavy Nasdaq depreciated by 4.18%.
Prior to today's trading, shares of the energy and utility holding company had lost 4.38% was narrower than the Utilities sector's loss of 4.57% and lagged the S&P 500's gain of 5.47%.
The investment community will be closely monitoring the performance of PPL in its forthcoming earnings report. The company is predicted to post an EPS of $0.35, indicating a 9.38% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $2.15 billion, up 6.19% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.95 per share and revenue of $9.57 billion. These totals would mark changes of +7.73% and +5.81%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for PPL. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, PPL possesses a Zacks Rank of #4 (Sell).
With respect to valuation, PPL is currently being traded at a Forward P/E ratio of 18.05. This indicates a premium in contrast to its industry's Forward P/E of 17.88.
We can also see that PPL currently has a PEG ratio of 2.4. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Utility - Electric Power industry held an average PEG ratio of 2.59.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 152, this industry ranks in the bottom 38% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Key Takeaways PPL's new PA distribution rates start July 1, 2026, and are expected to add $275M a year. PPL says the added revenues support grid modernization and infrastructure tied to rising data-center demand.PPL plans $23B in regulated capex for 2026-2029 and targets 6-8% annual earnings growth through 2029. PPL Corporation (PPL - Free Report) is benefiting from the implementation of new rates across its regulated utility operations. This helps recover investments made in grid modernization and infrastructure upgrades while providing funding for ongoing capital investment programs. Higher rates boost revenues, strengthen cash flow and support earnings stability.
Recently, PPL Electric Utilities, the regulated electric distribution subsidiary of PPL, received approval from the Pennsylvania Public Utility Commission for new distribution rates effective July 1, 2026. Per the approval, new rates are expected to increase the company’s total revenues by $275 million annually.
This will help fund investments in transmission and distribution infrastructure, smart-grid technologies and vegetation management. The settlement also includes provisions to support low-income customers and establishes a new rate structure for large-load customers, such as data centers.
As part of the approved rate plan, PPL Electric Utilities will continue to offer flexible payment arrangements and energy-efficiency programs to help customers manage their electricity expenses. These measures include payment plans that allow customers to spread their bills over time, as well as tools and programs designed to reduce energy consumption through greater efficiency. This reflects the company's commitment to balancing infrastructure investments with customer affordability.
PPL projects a regulated capital investment of $23 billion during 2026-2029 and targets 6-8% annual earnings growth through 2029. The company’s systematic investments have helped to improve service reliability and reduce outages. The new rates will support these infrastructure investments by generating a stable revenue stream and helping achieve targeted earnings growth.
Utilities Benefit From Rate RevisionNo doubt, rate increases raise customers' utility bills, adding to their financial burden and pressure on household budgets. However, rate revisions are essential for maintaining and upgrading infrastructure and enabling utilities to efficiently serve growing customer demand.
In March 2026, American Water Works' (AWK - Free Report) unit, West Virginia American Water, received approval for new rates effective March 1, 2026. It is expected to generate nearly $20.5 million in additional annual revenues.
In January 2026, American States Water's (AWR - Free Report) unit, Golden State Water, received approval for second-year rate increases effective Jan. 1, 2026. It is expected to increase annual revenues by nearly $32 million.
PPL’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 earnings per share indicates an increase of 7.73% and 8.21%, respectively, year over year.
Image Source: Zacks Investment Research
Debt to CapitalPPL's debt-to-capital ratio currently stands at 57.40%, lower than the electric power industry’s 59.94%.
Image Source: Zacks Investment Research
PPL’s Stock Price PerformanceIn the past six months, the company’s shares have gained 5.9% compared with the industry’s 5.2% growth.
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PPL’s Zacks RankPPL currently has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
