PPL

PPL CorporationNYSE · Electric Utilities · Utilities

Previous close

35.65

Change

+0.02 / +0.06%

FinDog View

Neutral

52-Week Range ?

31.56 – 40.11

P/E (TTM) ?

21.4

Forward P/E ?

15.9

Based on consensus earnings for the next 12 months

Market Cap

$27.1B

+8.39%

S&P 500 −0.91% over same period

Volume / Avg Volume

5.8M / 6.6M

0.89× average

Latest earnings analysisFY2026 Q2Reported 2026-08-07

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.

Read the full analysis →

Revenue$2.14BYoY +5.60%

EPS (non-GAAP)$0.33Missest. $0.35

Next-day move−1.33%

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 23.01M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q2 Quarter ended 2026-06	2026-08-07	$2.1B	0.33 / 0.35	−1.33%	Read analysis →
FY2026 Q1 Quarter ended 2026-03	2026-05-08	$2.8B	0.63 / 0.62	+0.92%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-02-20	$9.2B	0.41 / 0.42	−0.48%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-11-05	$2.2B	0.48 / 0.46	+0.36%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-31	$2.0B	0.32 / —	−0.08%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-04-30	$2.5B	0.60 / —	−1.15%	Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →

Report date

2026-11-06

in 5 days · Pre-market

Consensus EPS

$0.54

Last quarter EPS $0.33

Avg. next-day move over the last 6 reports

±0.7%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 4 of its 5-year rangeCheap

5-year range 21.5 – 29.9 · Median 25.8

Last 4 quarters: $0 in buybacks + $806M in dividends, 2.98% of market cap combined

P/E (TTM)

21.4

P/B

1.8

P/S

6.7

Dividend Yield

3.65%

Earnings Reaction

Over the last 6 reports, the stock moved ±0.7% on average on the first trading day after, rising 2 times

Most recent −1.33%

Volatility & Correlation

1-year beta -0.05 · Correlation with S&P 500 -0.03Low beta

Annualized volatility 18% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 1 · $0.19MNet selling $0.19M

10-15Stark Wendy EEVP & CLOSell$0.19M5,406 shares · Avg price 35.11

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q1	2.79	+9.4%	—	0.75	0.45	-0.50	0.60
FY2025 Q4	2.35	+7.2%	—	0.48	0.27	-0.61	0.35
FY2025 Q3	2.24	+7.7%	—	0.57	0.32	-0.18	0.43
FY2025 Q2	2.04	+8.9%	—	0.41	0.18	-0.33	0.25
FY2025 Q1	2.55	+10.5%	—	0.68	0.41	-0.28	0.56
FY2024 Q4	2.19	+10.4%	—	0.38	0.18	-0.35	0.23
FY2024 Q3	2.08	+1.9%	—	0.43	0.21	0.10	0.29
FY2024 Q2	1.87	+2.9%	—	0.39	0.19	0.10	0.26
FY2024 Q1	2.30	−5.9%	—	0.55	0.31	-0.31	0.42
FY2023 Q4	1.98	−10.3%	—	0.39	0.11	-0.54	0.15
FY2023 Q3	2.04	−6.4%	—	0.44	0.23	0.16	0.31
FY2023 Q2	1.82	+10.4%	—	0.31	0.11	-0.18	0.15

Peers

Largest by market cap in the sector · Latest quarterView Utilities sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
PPL	PPL Corporation	$27.1B	21.4	+9.4%	—	+8.39%	Neutral
NEE	NextEra Energy	$177B	15.1	+1.7%	—	+10.52%	Bullish	Compare
SO	Southern Company	$108B	23.2	+8.0%	—	+13.05%	Neutral	Compare
DUK	Duke Energy	$99.8B	19.0	+9.5%	—	+11.74%	Bullish	Compare
CEG	Constellation Energy	$92.8B	27.1	+13.2%	—	+3.29%	Neutral	Compare
AEP	American Electric Power	$71.5B	22.4	+5.2%	—	+9.75%	Bullish	Compare
D	Dominion Energy	$58.7B	22.6	+24.6%	—	+10.08%	Neutral	Compare
SRE	Sempra	$56.5B	24.9	−6.9%	—	+10.39%	Bullish	Compare
ETR	Entergy	$52.9B	29.0	+12.0%	—	+10.93%	Neutral	Compare

Earnings Preview · Reports 10-29

PPL Q3 Preview: Can Steady Earnings Growth Continue?

Whether EPS meets the $0.53 consensus
Drag on profit from higher interest expense and debt
Any real progress on data-center power opportunities

No clear prior-quarter guidance is available; consensus EPS is about $0.53 versus $0.60 last quarter.

Over the past 6 reports, shares moved an average of only ±0.7%, rising just 2 times; the last move was -1.3%.

Watch out for：Rising interest expense and debt could keep pressuring profit and lead to a miss.

The View in One Line

Revenue up 5.6% and guidance reaffirmed, but EPS $0.33 missed $0.35; interest expense rose to $232M and debt grew ~$1.8B; neutral.

Updated 2026-10-30

Notable Institutional Holders

Citadel Advisors · Ken Griffin$522MAdded +72%
Bridgewater Associates · Ray Dalio$53.4MAdded +245%
Soros Fund Management$22.1MAdded +418%

As of 2026-06-30

ETFs holding it

XLU Utilities Select Sector SPDR Fund1.96%
RSP Invesco S&P 500 Equal Weight ETF0.19%
VYM Vanguard High Dividend Yield ETF0.11%
VTV Vanguard Value ETF0.09%
SPY SPDR S&P 500 ETF Trust0.04%
VOO Vanguard S&P 500 ETF0.04%
IVV iShares Core S&P 500 ETF0.04%
VTI Vanguard Total Stock Market ETF0.04%

Weights estimated at latest prices

Key Events

08-27Legal & Regulatory
Rhode Island Energy Distribution Rate Case Approved, Rates Rise in September
RIPUC approved annual increases of $44.1 million for Rhode Island Energy electric rates and $93.7 million for gas rates, effective September 1, and confirmed about $170 million in customer credits.Source ↗
08-17Legal & Regulatory
Kentucky Regulators Rule on LG&E and KU Rate Rehearing
On August 14, 2026, the Kentucky Public Service Commission issued an order on the LG&E and KU rate rehearing, expected to increase annual revenue by approximately $4 million and $3 million, respectively.Source ↗
06-30Management Change
PPL Elects Kenneth M. Hartwick as Director
On June 30, 2026, the PPL board elected Kenneth M. Hartwick as a director, effective July 1, to serve on the People and Compensation Committee and the Finance Committee.Source ↗
06-04Legal & Regulatory
PPL Pennsylvania Distribution Rate Increase Approved, About $275 Million in Annual Revenue
The Pennsylvania Public Utility Commission approved the PPL Electric settlement, raising annual base distribution revenue by about $275 million effective July 1, 2026.Source ↗
05-18Capital Actions
PPL Subsidiary Issues $400 Million in Senior Notes Due 2056
On May 18, 2026, PPL's wholly owned subsidiary Rhode Island Energy issued $400 million of 6.000% senior notes due 2056, with net proceeds of $396.3 million used to repay short-term debt.Source ↗
05-15Capital Actions
PPL Electric Issues $500 Million of First Mortgage Bonds
On May 15, 2026, PPL Electric issued $500 million of 5.75% Series first mortgage bonds due 2056, to repay short-term debt and for general corporate purposes.Source ↗
05-13Governance
PPL Annual Meeting: Directors Elected, Executive Compensation and Equity Plan Approved
On May 13, 2026, PPL shareholders elected all 9 directors, approved executive compensation and the Second Amended Equity Incentive Plan, and reappointed Deloitte as auditor.Source ↗
03-24Legal & Regulatory
FERC Sets New England Transmission ROE at 9.57%
On March 19, 2026, FERC issued an opinion setting the base ROE for New England transmission owners at 9.57%, retroactive to October 16, 2014, affecting PPL subsidiary Rhode Island Energy.Source ↗

Key Financial Trends

Quarterly Revenue ($B)2.8

Free Cash Flow ($B)-0.5