Key Takeaways PPL is advancing wind, storage and cleaner generation projects to support grid reliability and demand. PPL's $23 billion capital plan through 2029 supports 10.3% annual rate-base growth and 6-8% EPS growth. PPL is exploring pumped-storage hydro and small modular reactors to strengthen Kentucky's energy system. PPL Corporation (PPL - Free Report) is advancing clean-energy initiatives that can strengthen grid reliability and support rising electricity demand. Its growing focus on wind, energy storage and cleaner generation could diversify its energy mix, improve operational flexibility and efficiency.
Recently, PPL’s unit, Rhode Island Energy, conditionally selected 150 megawatts (MW) of renewable energy from Clearway Energy Group’s proposed 800-MW onshore wind project in Aroostook County, Maine. The energy would be procured through a long-term power purchase agreement, subject to contract negotiations and regulatory approval. This would give PPL exposure to additional renewable supply while supporting regional clean-energy goals.
The company is expanding and modernizing its Kentucky generation fleet through natural gas, renewables and other clean-energy technologies. In Kentucky, PPL units Louisville Gas and Electric Company (LG&E) and Kentucky Utilities (KU) are evaluating the 266-MW Lewis Ridge pumped-storage hydro project, which could provide eight hours of energy storage and strengthen grid flexibility. Construction could begin as early as 2027, with commercial operation targeted for 2031.
The utilities are also collaborating with X-energy to explore deploying Xe-100 small modular reactors in Kentucky to meet growing electricity demand with long term, reliable and clean energy
These initiatives complement PPL’s broader $23 billion capital investment program through 2029, supporting an expected 10.3% average annual rate-base growth and 6-8% annual earnings per share growth through 2029.
Overall, these renewable and clean-energy initiatives could strengthen PPL’s long-term growth by supporting infrastructure expansion, enhancing system resilience and creating opportunities to increase its regulated asset base.
Clean-Energy Investments Support Utility GrowthClean-energy investments support utility growth by expanding renewable generation, modernizing grids and improving system resilience. Continued spending on cleaner power and infrastructure can strengthen capacity, reliability and long-term earnings prospects.
NextEra Energy (NEE - Free Report) benefits from expanding clean-energy demand, as Energy Resources added 3.6 gigawatts (GW) of renewables and storage projects, lifting its backlog to approximately 35.1 GW.
AES Corporation (AES - Free Report) benefits from clean-energy expansion, with 19,724 gross megawatts of renewable capacity operating across solar, wind, hydro and storage, strengthening its diversified generation portfolio globally.
The Zacks Rundown on PPLPPL’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 EPS indicates a year-over-year increase of 7.18% and 8.32%, respectively.
Image Source: Zacks Investment Research
Debt to CapitalPPL's debt-to-capital currently stands at 57.46%, lower than the electric power industry’s 61.32%.
Image Source: Zacks Investment Research
PPL’s Stock Price PerformanceIn the past month, the company’s shares have risen 0.2% against the industry’s 0.5% decline.
The North American midstream sector is entering a period of accelerated growth. Surging liquefied natural gas (LNG) exports and rapidly expanding power generation demand are driving record multi-billion-dollar project backlogs.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about PPL (PPL - Free Report) .
PPL currently has an average brokerage recommendation (ABR) of 1.43, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 15 brokerage firms. An ABR of 1.43 approximates between Strong Buy and Buy.
Of the 15 recommendations that derive the current ABR, 11 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 73.3% and 6.7% 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.
Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
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.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Should You Invest in PPL?Looking at the earnings estimate revisions for PPL, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $1.94.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market 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 #3 (Hold) for PPL. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for PPL.
Beacon Pointe Advisors LLC acquired a new position in PPL Corporation (NYSE:PPL – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,422 shares of the utilities provider’s stock, valued at approximately $561,000.
Other large investors have also recently modified their holdings of the company. Legal & General Group Plc purchased a new stake in PPL during the 2nd quarter worth approximately $187,326,000. Cullen Capital Management LLC purchased a new position in shares of PPL in the second quarter valued at approximately $54,611,000. Hsbc Holdings PLC acquired a new stake in shares of PPL in the second quarter worth approximately $48,651,000. Man Group plc purchased a new stake in shares of PPL during the second quarter worth approximately $36,935,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of PPL during the second quarter worth approximately $33,729,000. Institutional investors own 76.99% of the company’s stock.
Insider Activity at PPL In other news, Director Kristen Robinson sold 37,107 shares of the company’s stock in a transaction 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 sale, the director owned 222,897 shares of the company’s stock, valued at approximately $5,583,569.85. This represents a 14.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ashley F. Johnson sold 34,993 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total value of $772,645.44. Following the sale, the chief financial officer owned 561,482 shares in the company, valued at approximately $12,397,522.56. This trade represents a 5.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.34% of the company’s stock.
Analysts Set New Price Targets PPL has been the topic of a number of research reports. Mizuho upgraded PPL to a “hold” rating in a report on Friday, July 3rd. Weiss Ratings cut shares of PPL from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Bank of America decreased their price target on shares of PPL from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Jefferies Financial Group lowered their price target on shares of PPL from $48.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, August 25th. Finally, Morgan Stanley dropped their price objective on shares of PPL from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, August 21st. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.00. Read Our Latest Report on PPL
PPL Stock Down 0.0% Shares of PPL opened at $34.19 on Tuesday. The firm has a market cap of $25.73 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 2.34 and a beta of 0.57. PPL Corporation has a 12-month low of $33.17 and a 12-month high of $40.10. The company’s 50-day moving average price is $35.71 and its 200 day moving average price is $36.71. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 1.32.
PPL (NYSE:PPL – Get Free Report) last posted its earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, sell-side analysts forecast that PPL Corporation will post 1.94 earnings per share for the current year.
PPL Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.14 annualized dividend and a dividend yield of 3.3%. PPL’s dividend payout ratio (DPR) is presently 67.46%.
About PPL (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.
See Also Five stocks we like better than PPL Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season Insiders Are Betting Big on These 3 Healthcare Stocks 3 Stocks for Investors Who Still Believe Cash Is King Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason Want to see what other hedge funds are holding PPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PPL Corporation (NYSE:PPL – Free Report).
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Key Takeaways FirstEnergy appears stronger, supported by higher ROE, cheaper valuation and better share performance.FE plans $36B in investments through 2030, exceeding PPL's nearly $23B planned for 2026-2029.FirstEnergy's 7.64% long-term EPS growth estimate slightly tops PPL's 7.52%, despite higher debt. The companies belonging to the Zacks Utility - Electric Power industry are benefiting from supportive industry trends, including higher electricity rates, accretive acquisitions, cost-control initiatives and investments in energy efficiency. Continued spending on grid modernization and resilience is also helping utilities withstand severe weather events, while the transition toward increasingly competitive renewable energy sources supports long-term growth.
Amid the growing clean energy market and rising electricity demand from data centers, PPL Corporation (PPL - Free Report) and FirstEnergy (FE - Free Report) are emerging as appealing investment opportunities in the utility space.
Rising electricity demand from data centers is prompting utilities to expand generation and grid capacity. At the same time, climate-related policies, federal incentives and the broader energy transition are transforming U.S. electric utilities beyond their traditional business models. These developments are creating additional investment opportunities and positioning well-established utilities for relatively stable, long-term growth while increasing their exposure to the expanding clean energy market.
PPL Corporation operates as a fully regulated utility, benefiting from stable cash flows and predictable revenues that support consistent dividends and financial strength. The company remains focused on modernizing its infrastructure, strengthening grid reliability and advancing clean energy initiatives. Supported by a solid balance sheet and constructive regulatory frameworks, PPL continues to invest in grid upgrades, renewable energy and decarbonization projects, helping drive steady earnings growth and long-term shareholder value.
FirstEnergy’s regulated utility operations, rising data-center demand and $36 billion Energize365 investment program support steady rate-base and earnings growth. Incremental transmission opportunities could provide further upside, while strong liquidity and adequate interest coverage support its capital needs. The company’s decarbonization efforts, dividend growth and attractive yield further strengthen its long-term investment appeal.
Now let's compare the two stocks' fundamentals to find out which one is a better investment pick at present.
PPL & FE’s Earnings EstimatesThe Zacks Consensus Estimate for PPL’s earnings per share in 2026 has gone down 0.51% and the same for 2027 has gone up 0.48% in the past 60 days. The rise of long-term (three to five years) earnings per share is pegged at 7.52%.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for FE’s earnings per share in 2026 and 2027 has remained unchanged in the past 60 days. The growth of long-term (three to five years) earnings per share is pegged at 7.64%.
Image Source: Zacks Investment Research
Net Profit MarginNet profit margin measures how efficiently a company converts revenues into profit after all expenses, offering insight into its overall profitability and financial health.
PPL's net margin is 14.74X compared with FE's 9.4X.
Image Source: Zacks Investment Research
Debt to CapitalThe Zacks Utilities sector is a capital-intensive one and huge investments are required at regular intervals to upgrade, maintain and expand operations. The usage of new evolving technology also requires investments. So, the utilities borrow from the market and add it to their internal cash generation to fund long-term investments.
PPL’s debt-to-capital currently stands at 57.46% compared with FE’s 66.77%.
Image Source: Zacks Investment Research
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 9.33% compared with FE’s 10.51%. The industry’s current ROE is 11.4%.
Image Source: Zacks Investment Research
ValuationPPL Corporation currently appears to trade at a premium compared with FirstEnergy on a Price/Earnings Forward 12-month basis. (P/E- F12M).
FE is currently trading at 15.94X, while PPL is trading at 16.67X.
Image Source: Zacks Investment Research
Long-Term Investment PlansCapital investment remains essential for utilities, enabling infrastructure modernization, reliable service and sustainable long-term growth. Rising electricity demand, increasing renewable integration and evolving regulatory standards require utilities to consistently invest in generation capacity and strengthen their transmission and distribution networks.
PPL Corporation plans to invest nearly $23 billion in the 2026-2029 period to strengthen its infrastructure and add more clean electricity generation assets. FE, through its Energize365 program, plans to invest $36 billion from 2026 through 2030.
Price PerformanceIn the past year, FE’s shares have gained 5.2% against PPL’s decline of 6.2%.
Image Source: Zacks Investment Research
Rounding UpPPL and FE are consistently investing in their infrastructure to enhance reliability and support the needs of their growing customer base.
From the analysis above, FirstEnergy appears to hold an edge over PPL Corporation, even with its high debt usage. FE’s higher ROE, larger capital expenditure program, cheaper valuation and stronger share price performance make it a more appealing investment option at this time.
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's Q2 operating income rose 17% to $475M, supporting a 20% increase in EPS.Data center demand totals 31.8 GW in Pennsylvania, with 13.7 GW potential load growth in Kentucky.A $23B investment outlook through 2029 supports 10.3% annual rate-base growth and 6-8% EPS growth. PPL Corporation (PPL - Free Report) benefits from improved operating income, which enhances profitability and strengthens its financial flexibility. This can help the company fund capital investments, meet debt obligations, sustain dividends and manage financing requirements more effectively.
In the second quarter of 2026, operating income increased 17% year over year to $475 million from $406 million, supporting a 20% rise in earnings per share (EPS) and a 3.1% increase in ongoing earnings. The increase in operating income reflects improved profitability and coincided with growth in both reported and ongoing earnings.
The company benefits from rising data-center demand and economic development, which support sustainable earnings growth. PPL’s Pennsylvania segment has 31.8 gigawatts (GW) of potential data-center demand, while Kentucky has 13.7 GW of potential load growth through 2032.
PPL expects improved earnings growth from the Pennsylvania rate-case settlement, which took effect July 1 and provides an approved $275 million annual revenue increase, as well as from the Rhode Island rate case, with new rates expected to take effect soon. The company expects EPS to grow at an annual rate of 6-8% through 2029.
The company is making significant infrastructure investments to improve service reliability and expand its rate base. It plans to invest about $5.1 billion in 2026, with $23 billion expected through 2029, supporting an average annual rate-base growth of 10.3%.
Overall, PPL is well positioned for earnings growth, supported by data center demand, rate recovery and investment-driven revenue gains.
Higher Operating Income Supports Capital InvestmentsHigher operating income can strengthen a utility’s financial capacity, providing greater flexibility to fund capital projects while supporting balance-sheet stability. Sustained earnings growth can help fund grid modernization, generation expansion and reliability upgrades to meet rising demand.
FirstEnergy (FE - Free Report) reported a 4.8% year-over-year increase in operating income in the second quarter of 2026, strengthening its financial capacity to execute the $36 billion Energize365 program and support long-term rate-base growth.
Duke Energy (DUK - Free Report) reported a 12% year-over-year increase in operating income in the second quarter of 2026, strengthening its ability to fund its $103 billion capital program and support grid modernization and generation expansion.
The Zacks Rundown on PPLPPL’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 EPS indicates a year-over-year increase of 7.18% and 8.32%, respectively.
Image Source: Zacks Investment Research
Debt to CapitalPPL's debt-to-capital currently stands at 57.46%, lower than the electric power industry’s 61.32%.
Image Source: Zacks Investment Research
PPL’s Stock Price PerformanceIn the past month, the company’s shares have plunged 3.1% compared with the industry’s 4.6% decline.
Image Source: Zacks Investment Research
PPL’s Zacks RankPPL currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways PPL shares fell 11% in six months, underperforming the electric power industry's 8.7% decline.PPL plans $23 billion in infrastructure investment for 2026-2029 as data center demand drives load growth. PPL trades above the industry P/E, while its ROE and net margin remain below industry averages. PPL Corporation’s (PPL - Free Report) shares have declined 11% in the past six months, wider than the Zacks Utility-Electric Power industry’s decline of 8.7%. The company also underperformed the Zacks Utilities sector in the same time frame.
PPL reported a negative earnings surprise in the last reporting quarter due to an increase in operating expenses. PPL faces increasing competition in the transmission market, which could weigh on operational performance, while unexpected disruptions may negatively impact its financial results.
Yet, the company is benefiting from growing data center demand, particularly in Pennsylvania and Kentucky, where these energy-intensive facilities are driving higher electricity consumption.
Price Performance (Six months)
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 shares have declined 9.1% in the past six months.
Does PPL’s recent share-price weakness offer investors an attractive entry point? Let us examine the key factors that could determine whether PPL stock is worth adding to a portfolio at current levels.
Factors That Could Strengthen PPL’s Growth OutlookPPL continues to benefit from rising large-load demand, which is expected to support electricity consumption and infrastructure investment over the coming years. In Pennsylvania, advanced-stage data center demand increased 12% sequentially to 31.8 gigawatts (“GW”) in the second quarter of 2026. In Kentucky, the economic development pipeline expanded to 13.7 GW through 2032, including 11.6 GW from data centers, while signed reimbursement agreements climbed to 1.3 GW from 0.9 GW in the first quarter.
PPL plans to invest $23 billion in regulated infrastructure during 2026-2029, including $5.1 billion in 2026. These investments are aimed at strengthening system reliability, modernizing infrastructure and supporting carbon-emission reduction efforts. The capital plan is expected to drive average annual rate base growth of 10.3% through 2029 and does not include potential contributions from Invitium Energy. The program remains a key pillar of PPL’s regulated growth strategy over the current planning period.
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 remains focused on disciplined cost management to create value for both customers and shareholders. Management estimates that every $1 of O&M savings can support roughly $8 of capital investment without raising customer bills. The company achieved $170 million in annual run-rate O&M savings in 2025 and is targeting $175 million of O&M reductions in 2026 compared with 2021 levels. These efficiencies should help PPL maintain competitive utility rates, support affordability and enhance its ability to attract and retain customers.
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 7.18% and 8.32%, respectively.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for FE’s 2026 and 2027 earnings per share indicates year-over-year growth of 7.45% and 7.74%, respectively.
PPL’s Long-term 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 long-term debt to capital is 56.81% compared with its industry average of 54.37%. This shows the company is utilizing more long-term debt than peers to run its operations.
Image Source: Zacks Investment Research
Another utility, Exelon Corporation (EXC - Free Report) , is making substantial investments to strengthen its transmission and distribution lines to provide reliable services to its customers. Currently, debt to capital of Exelon is pegged at 63.06%, which is higher than its industry peers.
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 16.8X compared with its industry’s 15.29X.
Image Source: Zacks Investment Research
Exelon is currently trading at a P/E F12M of 14.71X, a discount compared with its industry at a P/E F12M of 15.29X.
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 9.33%, lower than the industry average of 11.4%.
Image Source: Zacks Investment Research
PPL’s Net Margin Lower Than IndustryNet margin measures the percentage of revenues retained as profit after deducting all expenses, taxes and interest. PPL’s net margin is currently pegged at 14.74% compared with the industry’s 15.81%.
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 will assist in 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. PPL currently has Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
However, PPL Corporation is currently trading at a premium valuation, while its returns and net margin remain below the industry averages. Given these concerns, investors may prefer to wait now and look for a more attractive entry point.
Key Takeaways PPL's Q2 2026 revenues rose 4.2% to $2.11B, while operating income climbed 17% to $475M.Stronger rate recovery and transmission revenue helped offset higher depreciation and other expenses.PPL plans $23B in capital investment through 2029 and targets annual EPS growth of 6-8%. PPL Corporation’s (PPL - Free Report) expanding revenues are helping the company offset higher costs and strengthen its operating performance. This revenue growth can help strengthen margins and support PPL’s overall financial performance.
In the second quarter of 2026, PPL’s operating revenues increased 4.2% year over year to $2.11 billion from $2.03 billion. The improvement was supported by stronger rate recovery and transmission revenues. Rate recovery provided a 5-cent benefit, while transmission revenues added 1 cent, helping offset operating costs, depreciation and interest expenses.
PPL’s operating income increased 17% year over year to $475 million in the second quarter, up from $406 million. This indicates that revenue growth translated into higher operating income despite increased depreciation and other expenses.
Revenue growth is also important for PPL’s long-term prospects as the company invests heavily in its regulated operations. The company plans nearly $5.1 billion of capital investments in 2026 and $23 billion through 2029, supporting average annual rate-base growth of 10.3%. PPL expects improved rate recovery and capital-tracking mechanisms to support stronger earnings growth in the second half of 2026. The company also projects 2026 ongoing earnings per share (EPS) of $1.90-$1.98 and annual EPS growth of 6-8% through 2029.
Overall, rising revenues, combined with regulatory recovery and capital investment, provide PPL with a supportive foundation for sustainable earnings growth.
Rising Utility Revenues Ease Cost PressuresRising utility revenues can help absorb higher operating, maintenance and financing costs, supporting earnings stability. Stronger revenues also preserve financial flexibility for infrastructure upgrades and other essential capital investments.
FirstEnergy (FE - Free Report) : Revenues increased 8.8% to $3.68 billion from $3.38 billion, outpacing growth in operating costs and lifting operating income about 4.8% to $677 million.
Evergy (EVRG - Free Report) : In the second quarter of 2026, revenues increased 4.4% to $1.50 billion, while operating income rose 10.7% to $380.6 million, helping absorb higher operations and maintenance and depreciation.
The Zacks Rundown on PPLPPL’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 EPS indicates a year-over-year increase of 7.18% and 8.32%, respectively.
Image Source: Zacks Investment Research
Debt to CapitalPPL's debt-to-capital ratio currently stands at 57.46%, lower than the electric power industry’s 61.32%.
Image Source: Zacks Investment Research
PPL’s Stock Price PerformanceIn the past month, the company’s shares have plunged 3.9% compared with the industry’s 7.1% decline.
Danske Bank A S bought a new position in shares of PPL Corporation (NYSE:PPL – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,395 shares of the utilities provider’s stock, valued at approximately $850,000.
Several other institutional investors have also recently made changes to their positions in the business. Allied Private Wealth LLC purchased a new stake in PPL in the second quarter valued at $42,000. Covestor Ltd grew its position in PPL by 206.7% during the 2nd quarter. Covestor Ltd now owns 1,291 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 870 shares during the period. Root Financial Partners LLC raised its stake in shares of PPL by 72.5% during the 1st quarter. Root Financial Partners LLC now owns 2,587 shares of the utilities provider’s stock valued at $99,000 after buying an additional 1,087 shares during the last quarter. Rossby Financial LCC raised its stake in shares of PPL by 70.0% during the 4th quarter. Rossby Financial LCC now owns 3,012 shares of the utilities provider’s stock valued at $105,000 after buying an additional 1,240 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new position in shares of PPL in the 4th quarter valued at about $119,000. Hedge funds and other institutional investors own 76.99% of the company’s stock.
Insider Buying and Selling In other PPL news, CFO Ashley F. Johnson sold 34,993 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $22.08, for a total value of $772,645.44. Following the sale, the chief financial officer directly owned 561,482 shares of the company’s stock, valued at approximately $12,397,522.56. This trade represents a 5.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kristen Robinson sold 37,107 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $25.05, for a total value of $929,530.35. Following the completion of the sale, the director directly owned 222,897 shares in the company, valued at approximately $5,583,569.85. The trade was a 14.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.34% of the company’s stock.
Analysts Set New Price Targets PPL has been the topic of a number of recent research reports. Barclays upped their target price on PPL from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. BMO Capital Markets reduced their price target on PPL from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Bank of America decreased their price target on PPL from $42.00 to $39.00 and set a “buy” rating for the company in a report on Monday, July 20th. JPMorgan Chase & Co. upped their price objective on PPL from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, BTIG Research reaffirmed a “buy” rating on shares of PPL in a research note on Thursday, June 4th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.33. Get Our Latest Analysis on PPL
PPL Trading Down 2.2% Shares of PPL stock opened at $34.42 on Friday. The firm has a 50-day simple moving average of $35.83 and a two-hundred day simple moving average of $36.75. The company has a market cap of $25.90 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57. PPL Corporation has a fifty-two week low of $33.17 and a fifty-two week high of $40.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91.
PPL (NYSE:PPL – Get Free Report) last posted its earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). PPL had a return on equity of 9.33% and a net margin of 13.47%.The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the company earned $0.32 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, equities analysts predict that PPL Corporation will post 1.94 earnings per share for the current fiscal year.
PPL Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a dividend of $0.285 per share. The ex-dividend date is Thursday, September 10th. This represents a $1.14 dividend on an annualized basis and a yield of 3.3%. PPL’s dividend payout ratio is currently 67.46%.
PPL Profile (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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EP Wealth Advisors LLC acquired a new position in PPL Corporation (NYSE:PPL – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 52,080 shares of the utilities provider’s stock, valued at approximately $1,893,000.
A number of other institutional investors have also recently bought and sold shares of PPL. Deutsche Bank AG increased its position in shares of PPL by 23.7% during the 2nd quarter. Deutsche Bank AG now owns 2,056,733 shares of the utilities provider’s stock valued at $74,762,000 after purchasing an additional 393,748 shares during the last quarter. Kayne Anderson Capital Advisors LP purchased a new position in shares of PPL in the 2nd quarter worth about $10,098,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of PPL by 9.3% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,837,296 shares of the utilities provider’s stock worth $66,786,000 after buying an additional 157,005 shares during the last quarter. Reaves W H & Co. Inc. grew its position in PPL by 2.0% during the fourth quarter. Reaves W H & Co. Inc. now owns 4,424,814 shares of the utilities provider’s stock valued at $154,957,000 after buying an additional 88,531 shares during the period. Finally, Portfolio Design Labs LLC bought a new position in PPL during the second quarter valued at about $2,594,000. Institutional investors own 76.99% of the company’s stock.
Insider Activity at PPL In related news, Director Kristen Robinson sold 37,107 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $25.05, for a total value of $929,530.35. Following the completion of the transaction, the director directly owned 222,897 shares of the company’s stock, valued at approximately $5,583,569.85. This trade represents a 14.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ashley F. Johnson sold 34,993 shares of PPL stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total transaction of $772,645.44. Following the completion of the transaction, the chief financial officer owned 561,482 shares of the company’s stock, valued at $12,397,522.56. This represents a 5.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.34% of the company’s stock.
PPL Trading Down 2.2% Shares of PPL opened at $34.42 on Friday. The business has a 50-day moving average of $35.83 and a 200 day moving average of $36.75. PPL Corporation has a fifty-two week low of $33.17 and a fifty-two week high of $40.10. The firm has a market cap of $25.90 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91. PPL (NYSE:PPL – Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. As a group, research analysts forecast that PPL Corporation will post 1.94 EPS for the current year.
PPL Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a $0.285 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.14 annualized dividend and a dividend yield of 3.3%. PPL’s payout ratio is 67.46%.
Analyst Ratings Changes PPL has been the subject of a number of research analyst reports. BTIG Research restated a “buy” rating on shares of PPL in a report on Thursday, June 4th. Barclays boosted their target price on shares of PPL from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Mizuho raised shares of PPL to a “hold” rating in a research report on Friday, July 3rd. Morgan Stanley decreased their price target on shares of PPL from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Bank of America lowered their price target on shares of PPL from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, PPL has an average rating of “Moderate Buy” and an average target price of $41.33.
View Our Latest Analysis on PPL
PPL Company Profile (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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ALLENTOWN, Pa., Aug. 21, 2026 /PRNewswire/ -- PPL Corporation (NYSE: PPL) declared a quarterly common stock dividend on Friday, Aug. 21, 2026, of $0.2850 per share payable Oct. 1, 2026, to shareowners of record as of Sept.
Key Takeaways PPL generated $1.14B in operating cash flow in H1 2026, up 2.24% year over year. PPL plans about $23B in regulated investments through 2029, supporting 10.3% annual rate base growth. PPL expects 2026 EPS of $1.90-$1.98 and 6-8% annual EPS growth through 2029, stronger from 2027. PPL Corporation’s (PPL - Free Report) cash generation is improving, supported by higher earnings and operating performance. This provides greater financial flexibility and helps the company support its ongoing investments in infrastructure and system modernization.
In the first six months of 2026, PPL generated $1.14 billion of operating cash flow, up 2.24% from $1.12 billion in the year-ago period. PPL’s operating cash flow increased 4.67% sequentially to approximately $583 million in the second quarter of 2026 compared with $557 million in the first quarter.
PPL needs to spend heavily over several years to modernize its grid, improve reliability, connect new customers and meet rising electricity demand. These investments are important for supporting long-term growth and maintaining the quality of its regulated utility operations.
PPL aims to invest approximately $23 billion in regulated capital investments through 2029, supporting average annual rate-base growth of 10.3%. Its growing Pennsylvania and Kentucky investment opportunities could also expand the regulated asset base and support future cash generation. The company expects earnings per share (EPS) of $1.90-$1.98 in 2026 and 6-8% annual EPS growth through 2029, with stronger growth beginning in 2027.
Operating cash flow can partially fund PPL’s capital spending, providing an internal funding source while reducing reliance on external financing. This can help limit immediate debt increases and shareholder dilution.
Higher Cash Flow Supports Sustainable Utility GrowthStronger operating cash flow gives utilities more internal funding for grid upgrades, renewable projects, maintenance and dividends, reducing reliance on external financing. With utilities requiring heavy, recurring capital investment, dependable cash generation can support infrastructure expansion while preserving financial flexibility.
Exelon Corporation (EXC - Free Report) produced $3.67 billion in operating cash flow during first-half 2026, up 35% year over year, strengthening funding capacity for regulated transmission and distribution investments.
NextEra Energy (NEE - Free Report) generated $7.27 billion in operating cash flow during first-half 2026, rising about 22% year over year and supporting substantial ongoing utility capital investments.
The Zacks Rundown on PPLPPL’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 EPS indicates a year-over-year increase of 7.18% and 8.32%, respectively.
Image Source: Zacks Investment Research
Debt to CapitalPPL's debt-to-capital ratio currently stands at 57.46%, lower than the electric power industry’s 61.32%.
Image Source: Zacks Investment Research
PPL’s Stock Price PerformanceIn the past month, the company’s shares have risen 2.9% against the industry’s 2.5% decline.
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.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
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.
Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors 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.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
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.
Is PPL Worth Investing In?In terms of earnings estimate revisions for PPL, the Zacks Consensus Estimate for the current year has declined 0.1% over the past month to $1.94.
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.
Key Takeaways PPL has 31.8 GW of potential Pennsylvania data center demand, with nearly 11 GW under signed ESAs. PPL's Kentucky pipeline targets 13.7 GW potential load growth through 2032, including 11.6 GW data centers. PPL plans a $23 billion investment through 2029 and advances generation with Blackstone for data centers. PPL Corporation (PPL - Free Report) is poised to benefit from growing electricity demand driven by the expansion of AI-powered data centers across its Pennsylvania and Kentucky service territories. AI-driven data centers use significantly more electricity due to intensive computing, powerful chips and cooling needs, boosting utility growth opportunities.
PPL’s Pennsylvania segment registered nearly 31.8 gigawatts (GW) of potential data center demand, up 3.5 GW from the previous quarter, with nearly 11 GW covered by signed electric service agreements (ESAs) and more than 6.5 GW under construction. The two data centers began receiving utility service and are expected to ramp up their load to approximately 2 GW by 2031.
In the Kentucky segment, the economic development pipeline now indicates potential load growth of 13.7 GW through 2032, up from the earlier estimate of 12.9 GW. This includes 11.6 GW of data center opportunities.
PPL is making significant capital investments to modernize its infrastructure and support the growing power needs of data centers. It plans to invest $23 billion through 2029. PPL is also advancing its Invitium Energy joint venture with Blackstone to develop a new generation specifically to serve data center demand.
Through these initiatives, PPL is well-positioned to benefit from the accelerating growth in data center demand. These initiatives create opportunities for additional revenues while supporting sustainable long-term growth.
Data Centers Accelerate Utility Growth OpportunitiesThe rapid growth of artificial intelligence (AI) and digital infrastructure is positioning data centers as a key growth driver for electric utilities. This drives regulated investment, long-term power contracts, predictable revenues and sustained earnings growth for utilities.
American Electric (AEP - Free Report) benefits from rising AI-driven hyperscale data center power demand. It expects 69 GW of incremental contracted load by 2030, up from 63GW, with hyperscale data centers expected to represent nearly 90% of total demand.
FirstEnergy Corp. (FE - Free Report) is benefiting from rising electricity demand from data center development, with contracted and pipeline demand reaching 24.8 gigawatts, up about 30% from the first quarter.
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 7.18% and 8.32%, 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 59.72%.
Image Source: Zacks Investment Research
PPL’s Stock Price PerformanceIn the past month, the company’s shares have plunged 2.8% against the industry’s 1.8% growth.
Key Takeaways PPL reaffirmed 2026 EPS guidance of $1.90-$1.98 and 6-8% annual earnings growth through 2029.PPL Electric's Pennsylvania data center pipeline reached 31.8 GW in advanced stages, with 11 GW signed.Kentucky generation needs and Invitium could support $10B-$12B of incremental investment through 2032. PPL Corporation (PPL - Free Report) used its second-quarter 2026 earnings call to emphasize expanding data center-driven investment opportunities while keeping the existing earnings plan unchanged.
Ongoing earnings of 33 cents per share missed the Zacks Consensus Estimate of 35 cents. Second-quarter revenues of $2.11 billion fell short of the Zacks Consensus Estimate of $2.18 billion.
PPL Holds the 2026 Outlook SteadyPresident and CEO Vincent Sorgi reaffirmed PPL’s 2026 ongoing earnings forecast of $1.90 to $1.98 per share, with a midpoint of $1.94. He said stronger earnings growth is expected in the second half.
Sorgi tied that improvement to rate outcomes in Pennsylvania and Rhode Island. Pennsylvania rates took effect July 1, while Rhode Island rates are expected to become effective Sept. 1, 2026.
Executive vice president and CFO Joe Bergstein said the company remains on track to achieve at least the guidance midpoint. PPL also reaffirmed 6% to 8% annual earnings growth through at least 2029, with compound growth near the top end.
PPL Corporation Leans on Rate RecoverySorgi highlighted the $275 million Pennsylvania rate increase and its two-year stay-out provision. He said PPL plans to use capital tracking mechanisms and cost discipline to extend the time between base rate cases.
In Rhode Island, Sorgi said hearings were completed in mid-July and the proceeding remained on track for Sept. 1 rates. The company is also pursuing bill credits tied to its deferred tax hold-harmless commitment.
Bergstein said PPL deployed about $2.3 billion of capital through the first half, roughly 30% more than a year earlier. The company remains on pace for approximately $5 billion of investment in 2026.
PPL Expands the Pennsylvania Data Center CaseSorgi said PPL Electric’s data center pipeline reached 31.8 gigawatts in advanced stages, including more than 11 GW under signed electric service agreements and more than 6.5 GW under construction.
He stressed that Pennsylvania’s large-load tariff requires long contracts, minimum demand payments, upfront collateral and termination fees. Management presented those provisions as safeguards against shifting development costs to existing customers.
Two data centers began taking service during the quarter and are expected to ramp to about 2 GW of load by 2031. Sorgi said that progression is improving visibility into infrastructure and generation needs.
PPL Corporation Pushes Invitium Toward DealsSorgi said Invitium Energy, PPL’s 51% joint venture with Blackstone Infrastructure, controls sites capable of supporting 8 GW to 14 GW of generation and has more than 5 GW of turbine reservations. More meaningful CCGT earnings and cash flows could begin as early as 2031 to 2032.
The venture also has more than 5 GW accepted in the PJM interconnection queue. Management expects one or more commercial agreements by year-end, while material construction commitments require contracts or cost reimbursement protections.
A Barclays analyst asked whether Invitium must wait for PJM’s process before signing deals. Sorgi said bilateral negotiations can close independently, and material agreements would be announced when signed.
PPL Q&A Tests Funding and Kentucky TimingA Wolfe Research analyst asked how PPL expects to finance Invitium. Bergstein said construction-period financing structures would be kept off balance sheet to limit near-term dilution, followed by permanent financing after projects enter service.
In Kentucky, Sorgi said the development pipeline reached 13.7 GW, including 11.6 GW tied to data centers. Probability-weighted expected new load by 2032 rose to 3.7 GW.
A JPMorgan analyst asked what could trigger another generation filing. Sorgi said conversion from a data center developer to an actual hyperscaler contract would be a major trigger for a filing by year-end.
PPL Corporation Keeps the Base Plan SeparateSorgi closed by emphasizing execution of the regulated utility plan while developing growth options beyond it. The current business plan excludes earnings and capital contributions from Invitium Energy.
Management estimates Kentucky generation needs and Invitium could support $10 billion to $12 billion of incremental investment through 2032. The call framed those opportunities as additions to the reaffirmed outlook.
Zacks Signals Point to Uneven Style SupportWithin the Zacks framework, PPL’s Zacks Rank #4 (Sell) reflects unfavorable earnings estimate-revision trends. PPl’s Value, Growth and VGM Scores are D, while its Momentum Score is B, marking momentum as the stronger style signal.
Style Scores complement the rank rather than override it, and A or B scores are most favorable when paired with a Zacks Rank #1 (Strong Buy) or 2 (Buy). The Zacks Rank can change as analysts revise estimates following the just-reported results. You can see the complete list of today’s Zacks #1 Rank stocks here.
PPL NYSE: PPL reported second-quarter 2026 GAAP earnings of $0.30 per share, up from $0.25 per share a year earlier, while ongoing earnings rose to $0.33 per share from $0.32 per share. The company reaffirmed its full-year ongoing earnings forecast of $1.90 to $1.98 per share, with a midpoint of $1.94 per share, citing expected stronger earnings growth in the second half following rate outcomes in Pennsylvania and Rhode Island.
President and CEO Vince Sorgi said the utility is pursuing its existing capital plan while building visibility into additional growth opportunities tied to large-load customers, including data centers, and its Invitium Energy joint venture with Blackstone.
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“The headline for this quarter is straightforward,” Sorgi said. “We are executing on our current plan while creating more visible upside beyond it.”
Capital plan and financial outlook PPL said it deployed approximately $2.3 billion of capital through the first six months of 2026, about 30% more than it deployed during the same period in 2025. The company remains on pace to invest about $5 billion for the full year and continues to project $23 billion of capital investment needs through 2029.
The company reaffirmed its targets for average annual rate-base growth of more than 10%, annual earnings-per-share growth of 6% to 8% through at least 2029, annual dividend growth of 4% to 6%, and funds from operations-to-debt of 16% to 18%. PPL expects EPS growth to be near the upper end of its stated range, excluding any contribution from Invitium.
Chief Financial Officer Joe Bergstein said PPL completed its 2026 financing needs earlier in the second quarter through debt offerings at PPL Electric and Rhode Island Energy. He said the offerings were oversubscribed and secured long-dated capital at attractive terms.
By segment, Kentucky results were flat year over year, as higher base-rate recovery was offset by less favorable weather-driven sales volumes, higher operating costs, depreciation and interest expense. Pennsylvania regulated earnings declined by $0.01 per share, while Rhode Island earnings increased by $0.02 per share, aided by higher rider revenue and lower operating costs.
Rate cases advance in Pennsylvania and Rhode Island PPL Electric’s Pennsylvania rate-case settlement took effect July 1, approving a $275 million increase. Sorgi said the increase supports infrastructure investment while representing less than a 4% increase across rate classes. He added that PPL Electric delivery rates remain nearly 20% below the latest published state average.
The settlement includes a two-year stay-out provision for base-rate increases through July 1, 2028. Bergstein said PPL intends to use the state’s Distribution System Improvement Charge, or DISC, mechanism and cost discipline to maximize the period between rate cases. The company plans to file an updated five-year long-term infrastructure improvement plan next year.
In Rhode Island, hearings in PPL’s base-rate case were completed in mid-July, with public meetings scheduled from Aug. 12 through Aug. 20 and new rates expected to take effect Sept. 1. The filing is Rhode Island Energy’s first requested base-rate increase in eight years, according to PPL.
PPL also continues to pursue a proposal to accelerate customer bill credits associated with its deferred-tax hold-harmless commitment made when it acquired Rhode Island Energy. The company said the credits, if approved, would significantly offset the requested base-rate increase for customers.
In Kentucky, PPL is awaiting a decision on its request for reconsideration of a Kentucky Public Service Commission ruling. The company requested a decision by Aug. 14 and said it believes the original decision permits it to meet overall plan objectives, though it seeks changes it considers important for reliability and resilience investments.
Data-center demand and Kentucky generation opportunity Signed data-center agreements in PPL Electric’s Pennsylvania service territory rose for a 10th consecutive quarter to roughly 32 gigawatts, an increase of 3.5 gigawatts from the prior quarter. More than 11 gigawatts are covered by electric service agreements, or ESAs, which carry financial commitments from customers, while more than 6.5 gigawatts of projects are under construction.
Two data centers began taking utility service during the quarter and are expected to ramp to about 2 gigawatts of load by 2031. Sorgi said the company’s large-load tariffs require long contract terms, capacity payments of at least 80% of reserved capacity, upfront collateral and termination fees.
Beginning in 2027, Pennsylvania’s large-load customer class is expected to contribute $11 million annually to low-income assistance, which PPL said was previously funded by existing customers. If 31.8 gigawatts of advanced-stage projects are realized, existing Pennsylvania customers could see approximately $25 per month reduced from the transmission component of bills over time, according to the company.
In Kentucky, PPL’s development pipeline expanded to 13.7 gigawatts, including 11.6 gigawatts of data-center demand and 2.1 gigawatts from manufacturing and other projects. The company’s probability-weighted forecast calls for 3.7 gigawatts of new load by 2032, more than double the amount reflected in its 2025 certificate filing.
PPL said it may file for additional generation resources by year-end. Potential projects include the 266-megawatt Lewis Ridge Pumped Storage Project, 400 megawatts of previously deferred battery storage and additional natural-gas combined-cycle generation. Those projects could represent $3.5 billion to $4 billion of investment between 2027 and 2032.
Invitium joint venture targets commercial agreements PPL said Invitium, its joint venture with Blackstone, has secured strategic land sites capable of supporting 8 to 14 gigawatts of generation, depending on technology choices. More than 5 gigawatts of combined-cycle natural-gas generation has been accepted in the PJM interconnection queue, and the venture has reservation agreements for more than 5 gigawatts of combined-cycle gas turbines.
Using estimated project costs of $2,500 to $3,000 per kilowatt, PPL placed the potential investment associated with that 5-gigawatt pipeline at $12.5 billion to $15 billion through 2032, of which PPL’s share would be 51%.
Sorgi said PPL expects one or more commercial agreements by year-end, though he declined to specify the potential size or timing of individual deals. He said bilateral agreements can proceed independently of PJM’s capacity-matching process, and PPL remains focused on bilateral contracting with customers.
The company does not expect material earnings from Invitium through 2030. However, batteries and other shorter-lead-time technologies could begin contributing in 2029 or 2030, while combined-cycle projects could enter service as early as 2031 or 2032. PPL said it will not begin construction or make material financial commitments without executed energy supply service agreements or cost-reimbursement arrangements.
About PPL (NYSE:PPL)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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PPL (PPL - Free Report) reported $2.11 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 4.3%. EPS of $0.33 for the same period compares to $0.32 a year ago.
The reported revenue represents a surprise of -3.03% over the Zacks Consensus Estimate of $2.18 billion. With the consensus EPS estimate being $0.35, the EPS surprise was -5.71%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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- Pennsylvania Regulated: $744 million versus the two-analyst average estimate of $744.91 million. The reported number represents a year-over-year change of +7.4%.Revenues- Rhode Island Regulated: $479 million versus $545 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3% change.Operating Income- PPL Electric Utility: $227 million versus the two-analyst average estimate of $249.02 million.View all Key Company Metrics for PPL here>>>
Shares of PPL have returned -2.9% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
PPL Corporation remains a 'Hold' after Q2, with shares underperforming due to full valuation and limited data center exposure. PPL targets 6%-8% annual EPS growth through 2029, driven by a $23 billion cap-ex plan focused on infrastructure upgrades and coal migration. Dividend growth is expected at 4%-6%, with a secure 3.3% yield and a cautious outlook given political risks around data center cost allocation.
Key Takeaways PPL's Q2 ongoing EPS rose 3.1% to 33 cents but missed the consensus estimate by 5.7%.PPL revenues increased 4.2% to $2.11 billion, while operating expenses climbed 1.1%.PPL's Pennsylvania data center pipeline reached 31.8 GW, with over 6.5 GW under construction. PPL Corporation (PPL - Free Report) posted second-quarter 2026 ongoing earnings of 33 cents, which missed the Zacks Consensus Estimate of 35 cents by 5.7%. Earnings increased 3.1% from 32 cents in the year-ago quarter.
On a GAAP basis, PPL recorded earnings per share (EPS) of 30 cents compared with 25 cents in the year-ago quarter. The difference between GAAP and operating EPS in the second quarter was due to the impacts of 3 cents from special items.
PPL’s RevenuesTotal revenues of $2.11 billion lagged the Zacks Consensus Estimate of $2.18 billion by 3%. The top line increased 4.2% from the year-ago figure of $2.03 billion.
Highlights of PPL’s Q2 ReleaseIn the second quarter, the company sold 15,491 gigawatt hours of electricity to its customers in Pennsylvania and Kentucky, reflecting a year-over-year decrease of 1.6%.
Total operating expenses were $1.64 billion, up 1.1% from $1.62 billion in the year-ago quarter. The increase was primarily attributable to higher fuel expenses, increased energy purchases and higher depreciation expense.
Operating income totaled $475 million, up 17% from the year-ago figure of $406 million.
Interest expenses amounted to $232 million, up 16.6% from $199 million in the year-ago quarter.
PPL Corporation's Regulated Units Deliver Mixed ResultsPennsylvania Regulated: Adjusted earnings declined to 18 cents per share from 19 cents a year ago, as higher depreciation and interest expenses more than offset increased transmission revenues from capital investments.
Kentucky Regulated: Adjusted earnings were 18 cents per share, unchanged year over year. Higher income from retail rates effective Jan. 1, 2026, was offset by increased operating costs, depreciation and interest expense.
Rhode Island Regulated: Adjusted earnings improved to 3 cents from 1 cent, aided by lower operating costs and higher rider revenues.
Corporate and Other: The segment incurred a loss of 6 cents per share, in line with the year-ago figure.
PPL Sees Data Center Demand ExpandingPPL Electric Utilities' Pennsylvania data center pipeline reached 31.8 GW in advanced stages during the second quarter. More than 11 GW was under signed electric service agreements, while more than 6.5 GW was under construction, up from 5 GW in the first quarter. Two data centers began receiving utility service during the quarter.
Invitium Energy, PPL's joint venture with Blackstone Infrastructure, has secured sites capable of supporting 8-14 GW of new generation. More than 5 GW of projects have entered PJM's interconnection queue, while turbine reservation agreements covering more than 5 GW could support $12.5-$15.0 billion of potential joint-venture investment through 2032.
PPL’s Balance Sheet and Cash FlowAs of June 30, 2026, PPL had cash and cash equivalents of $332 million compared with $1.07 billion as of Dec. 31, 2025.
As of June 30, 2026, the long-term debt was $19.79 billion compared with $17.99 billion as of Dec. 31, 2025.
Net cash provided by operating activities in the first six months of 2026 was $1.14 billion compared with $1.12 billion in the year-ago period.
PPL spent $2.34 billion on property, plant and equipment during the first six months of 2026, up 35.8% from $1.72 billion a year earlier.
PPL’s Earnings and Capital Investment OutlookPPL expects 2026 earnings to be in the range of $1.90-$1.98 per share. The Zacks Consensus Estimate is pegged at $1.94, in line with the midpoint of the company’s guided range. PPL expects a long-term annual earnings growth rate of 6-8% through 2029.
PPL remains on track to complete about $5.1 billion of capital investments in 2026 and projects $23 billion through 2029.
PPL’s Zacks RankThe company currently has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent ReleasesEvergy, Inc. (EVRG - Free Report) reported second-quarter 2026 adjusted earnings of 88 cents per share, which beat the Zacks Consensus Estimate of 82 cents by 7.3%. Earnings increased 7.3% from 82 cents in the year-ago quarter.
The Zacks Consensus Estimate for 2026 and 2027 EPS is pinned at $4.25 and $4.55, indicating year-over-year growth of 10.97% and 7.06%, respectively.
IDACORP, Inc. (IDA - Free Report) reported second-quarter 2026 earnings of $1.79 per share, which topped the Zacks Consensus Estimate of $1.75 by 2.3%. The company’s earnings also improved 1.7% from $1.76 in the year-ago quarter.
The Zacks Consensus Estimate for 2026 and 2027 EPS is pinned at $6.39 and $6.93, indicating year-over-year growth of 8.31% and 8.48%, respectively.
NextEra Energy (NEE - Free Report) reported second-quarter 2026 results with adjusted EPS of $1.15, up 9.5% from $1.05 a year ago. The figure beat the Zacks Consensus Estimate of $1.09 by 5.5%.
The Zacks Consensus Estimate for 2026 and 2027 EPS is pinned at $4.02 and $4.37, indicating year-over-year growth of 8.36% and 8.73%, respectively.
PPL Corp (PPL) released its 8-K filing on August 7, 2026, revealing a second-quarter earnings report that showed mixed results compared to analyst expectations.
PPL (PPL - Free Report) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -5.71%. A quarter ago, it was expected that this energy and utility holding company would post earnings of $0.61 per share when it actually produced earnings of $0.63, delivering a surprise of +3.28%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
PPL, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $2.11 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 3.03%. This compares to year-ago revenues of $2.03 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
PPL shares have lost about 1.1% since the beginning of the year versus the S&P 500's gain of 12.6%.
What's Next for PPL?While PPL has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for PPL was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.52 on $2.44 billion in revenues for the coming quarter and $1.94 on $9.78 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the bottom 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Cadiz (CDZI - Free Report) , another stock in the broader Zacks Utilities sector, has yet to report results for the quarter ended June 2026.
This renewable resource company is expected to post quarterly loss of $0.10 per share in its upcoming report, which represents a year-over-year change of +9.1%. The consensus EPS estimate for the quarter has been revised 5% higher over the last 30 days to the current level.
Cadiz's revenues are expected to be $4.22 million, up 2.1% from the year-ago quarter.
Announces 2026 second-quarter reported earnings (GAAP) of $0.30 per share. Achieves 2026 second-quarter ongoing earnings per share of $0.33 versus $0.32 in 2025. Reaffirms 2026 ongoing earnings forecast range of $1.90 to $1.98 per share with a midpoint of $1.94. Reaffirms annual EPS growth target of 6% to 8% through at least 2029 with compound annual growth expected to be near top end of the target range. Estimates current economic development in Pennsylvania and Kentucky could present potential generation investment upside of $10 billion to $12 billion through 2032. , /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced second-quarter 2026 reported earnings (GAAP) of $230 million, or $0.30 per share, compared with second-quarter 2025 reported earnings of $183 million, or $0.25 per share.
PPL reported earnings of $682 million, or $0.90 per share for the first six months of 2026, compared with reported earnings of $597 million, or $0.80 per share, for the first six months of 2025.
Adjusting for special items, second-quarter 2026 earnings from ongoing operations (non-GAAP) were $247 million, or $0.33 per share, compared with $240 million, or $0.32 per share, a year ago.
Earnings from ongoing operations for the first six months of 2026 were $725 million, or $0.96 per share, compared with $684 million, or $0.92 per share, for the first six months of 2025.
"Our solid second-quarter results demonstrate continued execution across our regulated utility portfolio and keep us on track to deliver our 2026 commitments," said Vincent Sorgi, PPL president and chief executive officer. "We are benefiting from disciplined cost management, strong operational focus and timely recovery of prudent investments that strengthen service for customers. Those investments are designed to modernize the grid, improve system resilience and support growing demand in a way that protects our existing customers while delivering long-term shareowner returns.
"With constructive regulatory frameworks across our jurisdictions and a clear capital investment plan, we believe PPL is well positioned to capture emerging growth opportunities while maintaining our commitment to affordability and reliability."
Based on the company's financial performance year to date, PPL reaffirmed its 2026 ongoing earnings forecast range of $1.90 to $1.98 per share with a midpoint of $1.94 per share. The company continues to expect stronger earnings growth in the second half of 2026, supported by improved rate recovery and capital tracking mechanisms that enable timely recovery of investments.
PPL also reaffirmed its projection of 6% to 8% annual earnings-per-share (EPS) growth through at least 2029 and continues to expect compound annual growth near the top end of that range compared with 2025 actual ongoing earnings. The company expects stronger earnings growth beginning in 2027 and continuing through 2029. PPL's business plan does not include any earnings contributions or capital investments related to Invitium Energy, LLC, its 51% joint venture with Blackstone Infrastructure to build and operate generation resources to directly support data centers in Pennsylvania.
Economic Development Expands Long-Term Investment Opportunities
PPL continues to see growing development and interest from data center developers and other large energy users across its Pennsylvania and Kentucky service territories, creating greater visibility into future infrastructure and generation investment opportunities.
The company estimates current economic development activity in its Pennsylvania and Kentucky service territories could present $10 billion to $12 billion of total investment upside through 2032 tied to generation needs. The estimated opportunity includes regulated generation investment to support growing demand in Kentucky, as well as PPL's ownership interest in generation development opportunities through Invitium Energy in Pennsylvania.
Pennsylvania
PPL Electric Utilities' data center pipeline grew to 31.8 gigawatts (GW) in advanced stages of planning in the second quarter, with over 11 GW under signed electric service agreements and more than 6.5 GW under construction. Importantly, PPL Electric Utilities has established a regulatory-approved tariff that includes strong protections for existing customers as large-load development expands. These protections help ensure that data centers and other large-load customers fund the infrastructure required to serve them, helping support continued affordability for existing customers while enabling economic development across the Commonwealth.
In Pennsylvania, Invitium Energy remains focused on building, owning and operating new generation to serve new data center demand under long-term energy supply services agreements (ESSAs). The joint venture has secured land sites capable of supporting 8 GW to 14 GW of new generation capacity, depending on the type of generation resources built, and it continues to develop and build its inventory of viable generation sites. PJM has accepted more than 5 GW of Invitium Energy generation interconnection requests, and the joint venture has secured reservation agreements for more than 5 GW of combined-cycle gas turbines.
The 5 GW of turbine capacity alone represents $12.5 billion to $15.0 billion of potential future investment opportunities at the joint-venture level through 2032. And Invitium Energy's continued progress positions the joint venture to move quickly upon signing ESSAs. Importantly, Invitium Energy will not begin construction or make material financial commitments until it has signed ESSAs with appropriate risk profiles or cost reimbursement agreements are in place. Based on progress to date, PPL expects to have one or more commercial agreements by the end of 2026.
PPL said it does not expect the earnings contributions from the joint venture to be material through 2030 but said batteries or other shorter-lead-time technologies could begin contributing earnings in 2029 or 2030, potentially enhancing PPL's projected earnings-per-share growth rate above the top end of the company's 6% to 8% range. The company would expect more meaningful earnings and cash flows when the combined-cycle gas turbines come online, which could be as early as the 2031 to 2032 timeframe.
Invitium Energy operates separately from PPL Electric Utilities, and PPL Electric Utilities customers are not funding these activities.
Kentucky
The potential economic development pipeline in the Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) service territories grew to 13.7 GW in the second quarter, of which 11.6 GW are tied to data center opportunities, with 1.3 GW under signed agreements.
PPL said the growing Kentucky project pipeline makes it more likely LG&E and KU will file a CPCN request by the end of 2026 to build additional generation beyond the 2.3 GW the utilities are already developing from prior CPCN approvals. The company estimates the additional generation represents $3.5 billion to $4.0 billion of incremental investment need between 2027 and 2032.
LG&E and KU also have established regulatory-approved large-load tariffs that include strong protection for their existing customers.
Second-Quarter 2026 Earnings Details
As discussed in this news release, reported earnings are calculated in accordance with U.S. Generally Accepted Accounting Principles (GAAP). "Earnings from ongoing operations" is a non-GAAP financial measure that is adjusted for special items. See the tables at the end of this news release for a reconciliation of reported earnings (net income) to earnings from ongoing operations, including an itemization of special items.
(Dollars in millions, except for per share amounts)
2nd Quarter
Year to Date
2026
2025
Change
2026
2025
Change
Reported earnings
$ 230
$ 183
26 %
$ 682
$ 597
14 %
Reported earnings per share
$ 0.30
$ 0.25
20 %
$ 0.90
$ 0.80
13 %
2nd Quarter
Year to Date
2026
2025
Change
2026
2025
Change
Earnings from ongoing operations
$ 247
$ 240
3 %
$ 725
$ 684
6 %
Earnings from ongoing operations per share
$ 0.33
$ 0.32
3 %
$ 0.96
$ 0.92
4 %
Second-Quarter 2026 Earnings by Segment
2nd Quarter
Year to Date
Per share
2026
2025
2026
2025
Reported earnings
Kentucky Regulated
$ 0.18
$ 0.17
$ 0.53
$ 0.47
Pennsylvania Regulated
0.17
0.19
0.42
0.44
Rhode Island Regulated
0.01
(0.02)
0.06
0.07
Corporate and Other
(0.06)
(0.09)
(0.11)
(0.18)
Total
$ 0.30
$ 0.25
$ 0.90
$ 0.80
2nd Quarter
Year to Date
2026
2025
2026
2025
Special items (expense) benefit
Kentucky Regulated
$ —
$ (0.01)
$ 0.02
$ (0.01)
Pennsylvania Regulated
(0.01)
—
(0.01)
—
Rhode Island Regulated
(0.02)
(0.03)
(0.06)
(0.04)
Corporate and Other
—
(0.03)
(0.01)
(0.07)
Total
$ (0.03)
$ (0.07)
$ (0.06)
$ (0.12)
2nd Quarter
Year to Date
2026
2025
2026
2025
Earnings from ongoing operations
Kentucky Regulated
$ 0.18
$ 0.18
$ 0.51
$ 0.48
Pennsylvania Regulated
0.18
0.19
0.43
0.44
Rhode Island Regulated
0.03
0.01
0.12
0.11
Corporate and Other
(0.06)
(0.06)
(0.10)
(0.11)
Total
$ 0.33
$ 0.32
$ 0.96
$ 0.92
Key Factors Impacting Earnings
In addition to the segment drivers outlined below, PPL's reported earnings in the second quarter of 2026 included net special-item after-tax charges of $17 million, or $0.03 per share, primarily attributable to PPL's IT transformation and system integration impacts. Reported earnings in the second quarter of 2025 included net special-item after-tax charges of $57 million, or $0.07 per share, primarily attributable to PPL's IT transformation and integration-related expenses and adjustments associated with the acquisition of Rhode Island Energy.
Reported earnings in the first six months of 2026 included net special-item after-tax charges of $43 million or $0.06 per share, primarily attributable to prior-year impacts associated with an ISO New England transmission return on equity reduction and system integration impacts. Reported earnings in the first six months of 2025 included net special-item after-tax charges of $87 million, or $0.12 per share, primarily attributable to PPL's IT transformation and integration-related expenses and adjustments associated with the acquisition of Rhode Island Energy.
Kentucky Regulated Segment
PPL's Kentucky Regulated segment primarily consists of the regulated electricity and natural gas operations of Louisville Gas and Electric Company and the regulated electricity operations of Kentucky Utilities Company.
Reported earnings in the second quarter of 2026 increased by $0.01 per share compared with a year ago. Earnings from ongoing operations in the second quarter of 2026 were flat compared with a year ago. Factors driving earnings results primarily included higher income due to higher retail rates effective January 1, 2026, offset by higher operating costs, higher depreciation expense and higher interest expense.
Reported earnings in the first six months of 2026 increased by $0.06 per share compared with a year ago. Earnings from ongoing operations in the first six months of 2026 increased by $0.03 per share compared with a year ago. Factors driving earnings results primarily included higher income due to higher retail rates effective January 1, 2026, and increased returns on capital investments, partially offset by lower sales volumes, higher operating costs, higher depreciation expense and higher interest expense.
Pennsylvania Regulated Segment
PPL's Pennsylvania Regulated segment consists of the regulated electricity delivery operations of PPL Electric Utilities.
Reported earnings in the second quarter of 2026 decreased by $0.02 per share compared with a year ago. Earnings from ongoing operations in the second quarter of 2026 decreased by $0.01 per share compared with a year ago. Factors driving earnings results primarily included higher depreciation expense and higher interest expense, partially offset by higher transmission revenue from additional capital investments.
Reported earnings in the first six months of 2026 decreased by $0.02 per share compared with a year ago. Earnings from ongoing operations in the first six months of 2026 decreased by $0.01 per share compared with a year ago. Factors driving earnings results primarily included higher operating costs, higher depreciation expense and higher interest expense, partially offset by higher transmission revenue from additional capital investments and higher sales volumes largely due to weather.
Rhode Island Regulated Segment
PPL's Rhode Island Regulated segment consists of the regulated electricity and natural gas operations of Rhode Island Energy.
Reported earnings in the second quarter of 2026 increased by $0.03 per share compared with a year ago. Earnings from ongoing operations in the second quarter of 2026 increased by $0.02 per share compared with a year ago. Factors driving earnings results primarily included lower operating costs and higher rider revenue, partially offset by higher depreciation expense.
Reported earnings in the first six months of 2026 decreased by $0.01 per share compared with a year ago. Earnings from ongoing operations in the first six months of 2026 increased by $0.01 per share compared with a year ago. Factors driving earnings results primarily included lower operating costs and higher rider revenue, partially offset by higher depreciation expense and higher interest expense.
Corporate and Other
PPL's Corporate and Other category primarily includes financing costs incurred at the corporate level, certain non-recoverable costs prior to 2026 resulting from commitments made to the Rhode Island Division of Public Utilities and Carriers and the Rhode Island Attorney General's Office in conjunction with the acquisition of Rhode Island Energy, and certain other unallocated costs.
Reported earnings in the second quarter of 2026 increased by $0.03 per share compared with a year ago. Earnings from ongoing operations in the second quarter of 2026 were flat compared with a year ago. Factors driving earnings results primarily included higher interest expense, offset by factors that were not individually significant.
Reported earnings in the first six months of 2026 increased by $0.07 per share compared with a year ago. Earnings from ongoing operations in the first six months of 2026 increased by $0.01 per share compared with a year ago. Factors driving earnings results primarily included higher interest income and lower income taxes, partially offset by higher interest expense.
2026 Earnings Forecast
PPL's 2026 earnings from ongoing operations forecast range is $1.90 to $1.98 per share, with a midpoint of $1.94 per share.
Earnings from ongoing operations is a non-GAAP measure that could differ from reported earnings due to special items that are, in management's view, non-recurring or otherwise not reflective of the company's ongoing operations. PPL management is not able to forecast whether any of these factors will occur or whether any amounts will be reported for future periods. Therefore, PPL is not able to provide an equivalent GAAP measure for earnings guidance.
See the table at the end of this news release for a complete reconciliation of the earnings forecast.
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: All references to earnings per share in the text and tables of this news release are stated in terms of diluted earnings per share unless otherwise noted.)
Conference Call and Webcast
PPL invites interested parties to listen to a live internet webcast of management's teleconference with financial analysts about second-quarter 2026 financial results at 11 a.m. Eastern time on Friday, Aug. 7. The call will be webcast live, in audio format, together with slides of the presentation. 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.
Interested individuals can access 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. Callers can access the webcast link at www.pplweb.com/investors under "Events."
Management utilizes "Earnings from Ongoing Operations" or "Ongoing Earnings" as a non-GAAP financial measure that should not be considered as an alternative to reported earnings, or net income, an indicator of operating performance determined in accordance with GAAP. PPL believes that Earnings from Ongoing Operations is useful and meaningful to investors because it provides management's view of PPL's earnings performance as another criterion in making investment decisions. In addition, PPL's management uses Earnings from Ongoing Operations in measuring achievement of certain corporate performance goals, including targets for certain executive incentive compensation. Other companies may use different measures to present financial performance.
Earnings from Ongoing Operations is adjusted for the impact of special items. Special items are presented in the financial tables on an after-tax basis with the related income taxes on special items separately disclosed. Income taxes on special items, when applicable, are calculated based on the statutory tax rate of the entity where the activity is recorded. Special items may include items such as:
Gains and losses on sales of assets not in the ordinary course of business. Impairment charges. Significant workforce reduction and other restructuring effects. Acquisition and divestiture-related adjustments. Other charges or credits that are, in management's view, non-recurring or otherwise not reflective of the company's ongoing operations. Statements contained in this news release, including statements with respect to future earnings, cash flows, dividends, financing, regulation and corporate strategy, are "forward-looking statements" within the meaning of the federal securities laws. Although PPL Corporation believes that the expectations and assumptions reflected in these forward-looking statements are reasonable, these statements are subject to a number of risks and uncertainties, and actual results may differ materially from the results discussed in the statements. The following are among the important factors that could cause actual results to differ materially from the forward-looking statements: weather conditions affecting customer energy usage and operating costs; strategic acquisitions, dispositions, joint ventures or similar transactions and our ability to consummate these business transactions, integrate the acquired entities or realize expected benefits from them; the outcome of rate cases or other cost recovery, revenue or regulatory proceedings; war, armed conflicts, terrorist attacks or similar disruptive events including ongoing conflicts in Ukraine and the Middle East; pandemic health events or other catastrophic events and their effect on financial markets, economic conditions and our businesses; market demand for energy in our service territories; volatility in or the impact of other changes on financial markets, commodity prices and economic conditions, including inflation; the effect of any business or industry restructuring; the profitability and liquidity of PPL Corporation and its subsidiaries; new accounting requirements or new interpretations or applications of existing requirements; operating performance of our facilities; the length of scheduled and unscheduled outages at our generating plants; environmental conditions and requirements and the related costs of compliance; system conditions and operating costs; development of new projects, markets and technologies; performance of new ventures; any impact of severe weather on our business; receipt of necessary government permits, approvals, rate relief and regulatory cost recovery; capital market conditions and decisions regarding capital structure; the impact of state, federal or foreign investigations applicable to PPL Corporation and its subsidiaries; the outcome of litigation against PPL Corporation and its subsidiaries; PPL Corporation's stock price performance; the market prices of equity securities and the impact on pension income and resultant cash funding requirements for defined benefit pension plans; the securities and credit ratings of PPL Corporation and its subsidiaries; political, regulatory or economic conditions in jurisdictions where PPL Corporation or its subsidiaries conduct business, including any potential effects of threatened or actual cyberattack, terrorism or war or other hostilities; new state, federal or foreign legislation, including new tax legislation; and the commitments and liabilities of PPL Corporation and its subsidiaries. Any such forward-looking statements should be considered in light of such important factors and in conjunction with factors and other matters discussed in PPL Corporation's Form 10-K and other reports on file with the Securities and Exchange Commission.
Less: Accumulated depreciation - non-regulated property, plant and equipment
26
26
Non-regulated property, plant and equipment, net
56
45
Construction work in progress
4,149
3,437
Property, Plant and Equipment, net
37,770
36,132
Noncurrent regulatory assets
2,148
2,092
Goodwill and other intangibles
2,578
2,574
Other noncurrent assets
640
515
Total Assets
$ 46,301
$ 45,244
Liabilities and Equity
Short-term debt
$ 65
$ 456
Long-term debt due within one year
469
904
Accounts payable
1,360
1,559
Other current liabilities
1,603
1,627
Long-term debt
19,789
17,990
Deferred income taxes and investment tax credits
3,776
3,615
Accrued pension obligations
262
281
Asset retirement obligations
109
133
Noncurrent regulatory liabilities
3,253
3,318
Other deferred credits and noncurrent liabilities
570
480
Common stock and additional paid-in capital
12,339
12,451
Treasury stock
(547)
(575)
Earnings reinvested
3,458
3,207
Accumulated other comprehensive loss
(205)
(202)
Total Liabilities and Equity
$ 46,301
$ 45,244
(1)
The Financial Statements in this news release have been condensed and summarized for purposes of this presentation. Please refer to PPL Corporation's periodic filings with the Securities and Exchange Commission for full financial statements, including note disclosure.
PPL CORPORATION AND SUBSIDIARIES
Condensed Consolidated Statements of Income (Unaudited)
(Millions of Dollars, except share data)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Operating Revenues
$ 2,111
$ 2,025
$ 4,885
$ 4,529
Operating Expenses
Operation
Fuel
195
192
469
426
Energy purchases
403
388
1,106
947
Other operation and maintenance
572
614
1,151
1,212
Depreciation
362
324
713
646
Taxes, other than income
104
101
226
214
Total Operating Expenses
1,636
1,619
3,665
3,445
Operating Income
475
406
1,220
1,084
Other Income (Expense) - net
43
23
82
51
Interest Expense
232
199
456
389
Income Before Income Taxes
286
230
846
746
Income Taxes
56
47
164
149
Net Income
$ 230
$ 183
$ 682
$ 597
Earnings Per Share of Common Stock:
Net Income Available to PPL Common Shareowners
Basic
$ 0.31
$ 0.25
$ 0.91
$ 0.81
Diluted
$ 0.30
$ 0.25
$ 0.90
$ 0.80
Weighted-Average Shares of Common Stock Outstanding (in thousands)
Basic
752,358
739,276
752,062
738,986
Diluted
757,225
742,541
757,193
741,972
PPL CORPORATION AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Millions of Dollars)
Six Months Ended June 30,
2026
2025
Cash Flows from Operating Activities
Net income
$ 682
$ 597
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation
713
646
Amortization
65
49
Defined benefit plans - income
(7)
(30)
Deferred income taxes and investment tax credits
137
104
Equity component of AFUDC
(52)
(35)
Other
12
38
Change in current assets and current liabilities
Accounts receivable
(31)
(91)
Accounts payable
(192)
(167)
Unbilled revenues
138
63
Fuel, materials and supplies
(42)
13
Prepayments
(67)
(56)
Taxes payable
(72)
40
Regulatory assets and liabilities, net
(10)
64
Accrued interest
6
(5)
Other
(36)
(52)
Other operating activities
Defined benefit plans - funding
(8)
(7)
Other
(96)
(56)
Net cash provided by operating activities
1,140
1,115
Cash Flows from Investing Activities
Expenditures for property, plant and equipment
(2,339)
(1,723)
Other investing activities
(68)
10
Net cash used in investing activities
(2,407)
(1,713)
Cash Flows from Financing Activities
Issuance of long-term debt
2,046
—
Retirement of long-term debt
(668)
—
Payment of common stock dividends
(416)
(392)
Net increase (decrease) in short-term debt
(391)
983
Debt issuance costs
(38)
(5)
Other financing activities
(13)
(9)
Net cash provided by financing activities
520
577
Net Decrease in Cash, Cash Equivalents and Restricted Cash
(747)
(21)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period
1,086
339
Cash, Cash Equivalents and Restricted Cash at End of Period
$ 339
$ 318
Supplemental Disclosures of Cash Flow Information
Significant non-cash transactions:
Accrued expenditures for property, plant and equipment at June 30,
$ 612
$ 450
Operating - Electricity Sales (Unaudited)(1)
Three Months Ended
June 30,
Six Months Ended
June 30,
Percent
Percent
(GWh)
2026
2025
Change
2026
2025
Change
PA Regulated Segment
Retail Delivered(2)
8,382
8,426
(0.5) %
18,696
18,569
0.7 %
KY Regulated Segment
Retail Delivered
6,958
7,043
(1.2) %
14,603
14,846
(1.6) %
Wholesale(3)
151
268
(43.7) %
459
707
(35.1) %
Total
7,109
7,311
(2.8) %
15,062
15,553
(3.2) %
Total
15,491
15,737
(1.6) %
33,758
34,122
(1.1) %
(1)
Excludes the Rhode Island Regulated segment electricity sales as revenues are decoupled from volumes delivered.
(2)
2025 includes estimated volumes for industrial customers that were not billed during the period.
(3)
Represents FERC-regulated municipal and unregulated off-system sales.
Reconciliation of Segment Reported Earnings to Earnings from Ongoing Operations
(After-Tax)
(Unaudited)
2nd Quarter 2026
(millions of dollars)
KY
PA
RI
Corp.
Reg.
Reg.
Reg.
& Other
Total
Reported Earnings(1)
$ 131
$ 132
$ 10
$ (43)
$ 230
Less: Special Items (expense) benefit:
IT transformation, net of tax of $0, $1, $1, $1(2)
(1)
(3)
(2)
(3)
(9)
Customer system integration impacts, net of tax of $2(3)
—
—
(6)
—
(6)
ISO-NE transmission rates ROE reduction, net of tax of $0(4)
—
—
(1)
—
(1)
Safety transformation, net of tax of $0(5)
(1)
—
—
—
(1)
Total Special Items
(2)
(3)
(9)
(3)
(17)
Earnings from Ongoing Operations
$ 133
$ 135
$ 19
$ (40)
$ 247
(per share - diluted)
KY
PA
RI
Corp.
Reg.
Reg.
Reg.
& Other
Total
Reported Earnings(1)
$ 0.18
$ 0.17
$ 0.01
$ (0.06)
$ 0.30
Less: Special Items (expense) benefit:
IT transformation(2)
—
(0.01)
(0.01)
—
(0.02)
Customer system integration impacts(3)
—
—
(0.01)
—
(0.01)
Total Special Items
—
(0.01)
(0.02)
—
(0.03)
Earnings from Ongoing Operations
$ 0.18
$ 0.18
$ 0.03
$ (0.06)
$ 0.33
(1)
Reported Earnings represents Net Income.
(2)
Costs associated with PPL's restructuring and rebuilding of its IT infrastructure, organization and systems.
(3)
Certain collection process costs incurred due to the timing and implementation of the customer system integration.
(4)
Prior period impact of an ISO New England transmission rates return on equity reduction.
(5)
Costs associated with an enterprise-wide safety transformation program.
Reconciliation of Segment Reported Earnings to Earnings from Ongoing Operations
(After-Tax)
(Unaudited)
Year-to-Date June 30, 2026
(millions of dollars)
KY
PA
RI
Corp.
Reg.
Reg.
Reg.
& Other
Total
Reported Earnings(1)
$ 401
$ 316
$ 46
$ (81)
$ 682
Less: Special Items (expense) benefit:
IT transformation, net of tax of ($5), $2, $1, $2(2)
15
(5)
(4)
(6)
—
Customer system integration impacts, net of tax of $3(3)
—
—
(13)
—
(13)
ISO-NE transmission rates ROE reduction, net of tax of $5(4)
—
—
(20)
—
(20)
Meter system integration impacts, net of tax of $2(5)
—
—
(9)
—
(9)
Safety transformation, net of tax of $0(6)
(1)
—
—
—
(1)
Total Special Items
14
(5)
(46)
(6)
(43)
Earnings from Ongoing Operations
$ 387
$ 321
$ 92
$ (75)
$ 725
(per share - diluted)
KY
PA
RI
Corp.
Reg.
Reg.
Reg.
& Other
Total
Reported Earnings(1)
$ 0.53
$ 0.42
$ 0.06
$ (0.11)
$ 0.90
Less: Special Items (expense) benefit:
IT transformation(2)
0.02
(0.01)
—
(0.01)
—
Customer system integration impacts(3)
—
—
(0.02)
—
(0.02)
ISO-NE transmission rates ROE reduction(4)
—
—
(0.03)
—
(0.03)
Meter system integration impacts(5)
—
—
(0.01)
—
(0.01)
Total Special Items
0.02
(0.01)
(0.06)
(0.01)
(0.06)
Earnings from Ongoing Operations
$ 0.51
$ 0.43
$ 0.12
$ (0.10)
$ 0.96
(1)
Reported Earnings represents Net Income.
(2)
Costs associated with PPL's restructuring and rebuilding of its IT infrastructure, organization and systems. Kentucky Regulated received regulatory asset treatment for 2025 costs.
(3)
Certain collection process costs incurred due to the timing and implementation of the customer system integration.
(4)
Prior period impact of an ISO New England transmission rates return on equity reduction.
(5)
Prior period impact of a meter data system integration post transition services agreement.
(6)
Costs associated with an enterprise-wide safety transformation program.
Reconciliation of Segment Reported Earnings to Earnings from Ongoing Operations
(After-Tax)
(Unaudited)
2nd Quarter 2025
(millions of dollars)
KY
PA
RI
Corp.
Reg.
Reg.
Reg.
& Other
Total
Reported Earnings(1)
$ 126
$ 139
$ (17)
$ (65)
$ 183
Less: Special Items (expense) benefit:
Talen litigation costs, net of tax of ($1)(2)
—
—
—
4
4
Acquisition integration, net of tax of $4(3)
—
—
—
(13)
(13)
IT transformation, net of tax of $2, $1, $4(4)
(5)
—
(3)
(16)
(24)
Energy efficiency programs settlement(5)
—
—
2
—
2
Office relocation and related costs, net of tax of $0, $0(6)
(1)
(1)
—
—
(2)
Post TSA adjustments, net of tax of $7(7)
—
—
(24)
—
(24)
Total Special Items
(6)
(1)
(25)
(25)
(57)
Earnings from Ongoing Operations
$ 132
$ 140
$ 8
$ (40)
$ 240
(per share - diluted)
KY
PA
RI
Corp.
Reg.
Reg.
Reg.
& Other
Total
Reported Earnings(1)
$ 0.17
$ 0.19
$ (0.02)
$ (0.09)
$ 0.25
Less: Special Items (expense) benefit:
Talen litigation costs(2)
—
—
—
0.01
0.01
Acquisition integration(3)
—
—
—
(0.02)
(0.02)
IT transformation(4)
(0.01)
—
—
(0.02)
(0.03)
Post TSA adjustments(7)
—
—
(0.03)
—
(0.03)
Total Special Items
(0.01)
—
(0.03)
(0.03)
(0.07)
Earnings from Ongoing Operations
$ 0.18
$ 0.19
$ 0.01
$ (0.06)
$ 0.32
(1)
Reported Earnings represents Net Income.
(2)
PPL incurred legal expenses and received insurance reimbursement related to litigation associated with its former affiliate, Talen Montana, LLC and certain affiliated entities.
(3)
Primarily integration and related costs associated with the acquisition of Rhode Island Energy.
(4)
Costs associated with PPL's restructuring and rebuilding of its IT infrastructure, organization and systems.
(5)
Tax effect of costs associated with a settlement agreement regarding energy efficiency programs prior to PPL's acquisition of Rhode Island Energy.
(6)
Certain costs related to the relocation of corporate offices.
(7)
Adjustments related to account reconciliations and process alignment subsequent to the end of the transition services agreement associated with the acquisition of Rhode Island Energy.
Reconciliation of Segment Reported Earnings to Earnings from Ongoing Operations
(After-Tax)
(Unaudited)
Year-to-Date June 30, 2025
(millions of dollars)
KY
PA
RI
Corp.
Reg.
Reg.
Reg.
& Other
Total
Reported Earnings(1)
$ 349
$ 323
$ 53
$ (128)
$ 597
Less: Special Items (expense) benefit:
Talen litigation costs, net of tax of $1(2)
—
—
—
3
3
Acquisition integration, net of tax of ($2), $7(3)
—
—
7
(27)
(20)
IT transformation, net of tax of $2, $1, $7(4)
(6)
—
(4)
(26)
(36)
Energy efficiency programs settlement, net of tax of $2(5)
—
—
(6)
—
(6)
Office relocation and related costs, net of tax of $0, $0(6)
(2)
(2)
—
—
(4)
Post TSA adjustments, net of tax of $7(7)
—
—
(24)
—
(24)
Total Special Items
(8)
(2)
(27)
(50)
(87)
Earnings from Ongoing Operations
$ 357
$ 325
$ 80
$ (78)
$ 684
(per share - diluted)
KY
PA
RI
Corp.
Reg.
Reg.
Reg.
& Other
Total
Reported Earnings(1)
$ 0.47
$ 0.44
$ 0.07
$ (0.18)
$ 0.80
Less: Special Items (expense) benefit:
Acquisition integration(3)
—
—
0.01
(0.04)
(0.03)
IT transformation(4)
(0.01)
—
(0.01)
(0.03)
(0.05)
Energy efficiency programs settlement(5)
—
—
(0.01)
—
(0.01)
Post TSA adjustments(7)
—
—
(0.03)
—
(0.03)
Total Special Items
(0.01)
—
(0.04)
(0.07)
(0.12)
Earnings from Ongoing Operations
$ 0.48
$ 0.44
$ 0.11
$ (0.11)
$ 0.92
(1)
Reported Earnings represents Net Income.
(2)
PPL incurred legal expenses and received insurance reimbursement related to litigation associated with its former affiliate, Talen Montana, LLC and certain affiliated entities.
(3)
Rhode Island Regulated primarily includes a transition services settlement agreement. Corporate and Other primarily includes integration and related costs associated with the acquisition of Rhode Island Energy.
(4)
Costs associated with PPL's restructuring and rebuilding of its IT infrastructure, organization and systems.
(5)
Costs associated with a settlement agreement regarding energy efficiency programs prior to PPL's acquisition of Rhode Island Energy.
(6)
Certain costs related to the relocation of corporate offices.
(7)
Adjustments related to account reconciliations and process alignment subsequent to the end of the transition services agreement associated with the acquisition of Rhode Island Energy.
Reconciliation of PPL's Earnings Forecast
After-Tax (Unaudited)
(per share - diluted)
2026 Forecast Range
Midpoint
High
Low
Estimate of Reported Earnings
$ 1.88
$ 1.92
$ 1.84
Less: Special Items (expense) benefit:(1)
Customer system integration impacts(2)
(0.02)
(0.02)
(0.02)
ISO-NE transmission rates ROE reduction(3)
(0.03)
(0.03)
(0.03)
Meter system integration impacts(4)
(0.01)
(0.01)
(0.01)
Total Special Items
(0.06)
(0.06)
(0.06)
Forecast of Earnings from Ongoing Operations
$ 1.94
$ 1.98
$ 1.90
(1)
Reflects only special items recorded through June 30, 2026. PPL is not able to forecast special items for future periods.
(2)
Certain collection process costs incurred due to the timing and implementation of the customer system integration.
(3)
Prior period impact of an ISO New England transmission rates return on equity reduction.
(4)
Prior period impact of a meter data system integration post transition services agreement.
Contacts:
For news media: Ryan Hill, 610-774-4033
For financial analysts: Andy Ludwig, 610-774-3389
PPL Corporation (NYSE:PPL) will release its second quarter earnings report before the opening bell on Friday, Aug. 7.
Analysts expect the Allentown, Pennsylvania-based company to report quarterly earnings of 34 cents per share, up from 32 cents per share in the year-ago period. The consensus estimate for PPL’s quarterly revenue is $2.21 billion. It reported $2.02 billion last year, according to Benzinga Pro.
On May 8, PPL posted better-than-expected earnings for the first quarter.
PPL shares fell 0.9% to close at $34.62 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
BMO Capital analyst James Thalacker maintained an Outperform rating and raised the price target from $39 to $40 on July 22, 2026. This analyst has an accuracy rate of 72%. B of A Securities analyst Ross Fowler maintained a Buy rating and cut the price target from $42 to $39 on July 20, 2026. This analyst has an accuracy rate of 62%. JP Morgan analyst Jeremy Tonet maintained an Overweight rating and boosted the price target from $42 to $45 on July 16, 2026. This analyst has an accuracy rate of 64%. Barclays analyst Michael Lonegan maintained an Overweight rating and raised the price target from $39 to $41 on July 14, 2026. This analyst has an accuracy rate of 55%. Mizuho analyst Anthony Crowdell maintained a Neutral rating and cut the price target from $38 to $37 on June 5, 2026. This analyst has an accuracy rate of 66%. Considering buying PPL stock? Here’s what analysts think:
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
PPL (PPL - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on August 7, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis energy and utility holding company is expected to post quarterly earnings of $0.35 per share in its upcoming report, which represents a year-over-year change of +9.4%.
Revenues are expected to be $2.18 billion, up 7.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.76% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for PPL?For PPL, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.73%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that PPL will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that PPL would post earnings of $0.61 per share when it actually produced earnings of $0.63, delivering a surprise of +3.28%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
PPL doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerNiSource (NI - Free Report) , another stock in the Zacks Utility - Electric Power industry, is expected to report earnings per share of $0.15 for the quarter ended June 2026. This estimate points to a year-over-year change of -31.8%. Revenues for the quarter are expected to be $1.33 billion, up 3.9% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for NiSource has been revised 1.6% up to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that NiSource will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
PPL (PPL - Free Report) closed at $35.70 in the latest trading session, marking a -1.73% move from the prior day. The stock's change was less than the S&P 500's daily loss of 1.52%. At the same time, the Dow lost 2.19%, and the tech-heavy Nasdaq lost 1.74%.
The stock of energy and utility holding company has fallen by 0.06% in the past month, leading the Utilities sector's loss of 1.87% and undershooting the S&P 500's gain of 1.92%.
The upcoming earnings release of PPL will be of great interest to investors. The company's earnings report is expected on August 7, 2026. On that day, PPL is projected to report earnings of $0.35 per share, which would represent year-over-year growth of 9.38%. 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.
PPL's full-year Zacks Consensus Estimates are calling for earnings of $1.94 per share and revenue of $9.78 billion. These results would represent year-over-year changes of +7.18% and +8.21%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for PPL. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, there's been a 0.23% fall in the Zacks Consensus EPS estimate. As of now, PPL holds a Zacks Rank of #4 (Sell).
In terms of valuation, PPL is presently being traded at a Forward P/E ratio of 18.69. This valuation marks a premium compared to its industry average Forward P/E of 18.38.
Investors should also note that PPL has a PEG ratio of 2.48 right now. 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. Utility - Electric Power stocks are, on average, holding a PEG ratio of 2.73 based on yesterday's closing prices.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 168, this industry ranks in the bottom 32% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
, /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.
