PPL Q2 2026: ongoing EPS of $0.33 misses consensus, guidance intact
PPL's second quarter was solid but short of the street: ongoing earnings of $0.33 per share came in about 5.0% below the $0.3473 consensus, while revenue grew 4.2%. Management reaffirmed 2026 guidance and its 6% to 8% growth target. Read the quarter as a reaffirmation story, not an acceleration story: the plants, backlog and data-center pipeline matter more than these three months. View: Neutral.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $0.30 versus $0.25 a year ago, and ongoing EPS was $0.33 versus $0.32, a 3.0% increase. Both landed below the $0.3473 consensus estimate, so the "solid" quarter is really an in-line-to-light one, with $0.03 per share of special-item charges mainly tied to IT transformation and system integration.
Operating revenues were $2.11 billion, up from $2.03 billion a year earlier, or 4.2%. That growth came even as Pennsylvania retail delivered volumes slipped 0.5% and Kentucky retail delivered fell 1.2%, so rate recovery and riders are doing the heavy lifting, not volume.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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