PPL Corporation

PPLC

$46.24

+0.67%

2026-09-02 16:00:02 EDT+$0.31

Utilities

Regulated Electric

NYSE

Active Trading

PPL Corp. engages in the generation, transmission and distribution of electricity. It operates through the following segments: Kentucky Regulated, Pennsylvania Regulated, and ...

Price Action of PPLC

$46.24

+0.67%+$0.31

High—

Low—

52W High-12.0%

Rel. vol—

Interval

Range64m

Volume—SMA5SMA10

—

PPL Corporation, founded on June 4, 1920, and headquartered in Allentown, Pennsylvania, is a Fortune 500 energy company that operates as a regulated utility holding company. The company's primary business is the generation, transmission, and distribution of electricity, along with the distribution and sale of natural gas. PPL operates through ...PPL Corporation, founded on June 4, 1920, and headquartered in Allentown, Pennsylvania, is a Fortune 500 energy company that operates as a regulated utility holding company. The company's primary business is the generation, transmission, and distribution of electricity, along with the distribution and sale of natural gas. PPL operates through three main segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The Kentucky Regulated segment, consisting of Louisville Gas and Electric Company and Kentucky Utilities Company, provides electricity generation, transmission, and distribution, as well as natural gas distribution in Kentucky. The Pennsylvania Regulated segment, comprising PPL Electric Utilities Corporation, focuses on electricity transmission and distribution. The Rhode Island Regulated segment, through Rhode Island Energy, handles electricity transmission and distribution and natural gas distribution. PPL is dedicated to modernizing the energy grid, investing heavily in infrastructure improvements to enhance reliability, resilience, and affordability. The company has announced plans to invest approximately $23 billion in infrastructure from 2024 through 2029, focusing on grid modernization, renewable energy integration, and customer-centric technologies. PPL is also committed to sustainability, with goals to reduce carbon emissions and support the transition to cleaner energy sources. Financially, PPL has a market capitalization of about $35.1 billion, with a revenue per share of $12.50 and a net profit margin of 13.5%. The company pays a dividend with a yield of 3.5%, reflecting its stable cash flow and commitment to shareholder returns. As of the latest data, PPL has approximately 6,546 full-time employees, serving around 3.6 million customers. The company's leadership, under President and CEO Vincent Sorgi, focuses on operational excellence and innovation. PPL is known for its customer-centric approach, leveraging technology to improve service delivery, such as advanced metering and outage management systems. The company also emphasizes community engagement and social responsibility, supporting education in STEM fields and low-income assistance programs. Looking ahead, PPL aims to become a leader in the utility industry by embracing digital transformation, enhancing grid resilience against extreme weather, and facilitating the electrification of transportation and heating. With a strong balance sheet and a clear strategic vision, PPL is well-positioned to deliver long-term value to its customers, employees, and shareholders.ExpandCollapse

Founded

1920

Employees

6546

CEO

Vincent Sorgi

Full Name

PPL Corporation

Sector

Utilities

Industry

Regulated Electric

ROE

8.53%

Market Cap

$34.34B

Current Ratio

0.91

WACC

5.74%

ROIC

4.92%

Contact Information

https://www.pplweb.com

610 774 5151

645 Hamilton Street, Suite 601, Allentown, PA 18101

Key Metrics of PPLC

Snapshot

Latest / TTM · 6 periods

Market Cap

$34.34B

ROCE

5.3%

EV / EBITDA

13.91x

+0.0% YoY

FCF Yield

1.0%

+4.7% YoY

Cash Conversion Cycle

-0.4d

Current Ratio

0.91

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of PPLC

Profitability trend

Latest / TTM · 6 periods

Gross Margin

34.6%

Net Margin

13.5%

P/E Ratio

27.73x

n/a

Debt / Equity

1.32

n/a

Current Ratio

0.91

Dividend Yield

3.5%

Understanding

TTM —

Current ratio below 1.0

Calendar of PPLC

Upcoming

Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $1.95 · Revenue $9.74B · 1 analysts
Dec 31, 2027
FY2027 · Estimated annual results
Est. EPS $2.12 · Revenue $10.30B · 1 analysts
Sep 30, 2028
Q3 FY2028 · Estimated results
Est. EPS $0.60 · Revenue $2.13B · 1 analysts
Dec 30, 2028
Q4 FY2028 · Estimated results
Est. EPS $0.54 · Revenue $2.13B · 1 analysts

Recent history

Aug 7, 2026
Q2 FY2026 · Results reported
EPS $0.30 · Revenue $2.11B
View filing
May 8, 2026
Q1 FY2026 · Results reported
EPS $0.60 · Revenue $2.77B
View filing
Feb 24, 2026
IPO
Feb 20, 2026
FY2025 · Annual results
EPS $1.59 · Revenue $9.04B
View filing
Sep 30, 2025
Q3 FY2025 · Results reported
EPS $0.43 · Revenue $2.24B
Jun 30, 2025
Q2 FY2025 · Results reported
EPS $0.25 · Revenue $2.02B

Financial Statements of PPLC

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$9.0B	+6.9%	-23.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$1.2B	+33.0%	-49.1%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+42.7%	+6.6%	-27.4%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+23.5%	+14.5%	-15.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+13.1%	+24.5%	-33.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-1.4B	-201.3%	+427.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-15.5%	-182.0%	+530.6%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	130.0%	+8.9%	-2.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.86x	+0.1%	-9.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$45.2B	+10.2%	-0.0%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	1.59 vs 1.81	-12.2%	0.30 vs 0.60	-50.3%
Revenue Surprise	$9.0B vs $8.8B	+2.9%	$2.1B vs $2.1B	-0.7%

Insider Transactions of PPLC

Acquisitions (A)

Since Jul 1, 2026

Disposals (D)

Since Jul 1, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Sep 1, 2026	Martin Christine M	officer: President of a PPL Subsidiary	Common Stock	A	1,212	$34.47
Sep 1, 2026	Martin Christine M	officer: President of a PPL Subsidiary	Common Stock	D	346	$34.47
Sep 1, 2026	Martin Christine M	officer: President of a PPL Subsidiary	Stock Unit (SIP)	D	1,212	—
Jul 22, 2026	Hartwick Kenneth Michael	director	Stock Unit (DDCP)	A	1,228	—
Jul 1, 2026	Hartwick Kenneth Michael	director	Common Stock	—	0	—

Earnings Call Transcript of PPLC

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good day, and welcome to the PPL Corporation's Conference Call on Second Quarter 2026 Financial Results. [Operator Instructions] Please note that this event is being recorded. I would now like to turn the conference over to Andy Ludwig, Vice President of Investor Relations. Please go ahead. Andy Ludwig: Good morning, and thank you for joining PPL Corporation's Conference Call on Second Quarter 2026 Financial Results. We provided presentation materials on the Investors section of our website. This morning, you will hear from Vince Sorgi, PPL President and CEO; and Joe Bergstein, Chief Financial Officer. We'll conclude with a Q&A session following our prepared remarks. Before we get started, please turn to Slide 2 for our cautionary statement. Today's presentation contains forward-looking statements subject to risks and uncertainties. Actual results may differ materially. Please refer to our SEC filings and the appendix for additional information. We will also refer to non-GAAP measures, including earnings from ongoing operations. Reconciliations to the corresponding GAAP measures are provided in the appendix. I'll now turn the call over to Vince. Vincent Sorgi: Thank you, Andy, and good morning, everyone. Let's begin on Slide 4 with an overview of our second quarter performance. Q2 was another quarter of disciplined execution, supporting our 2026 commitments while strengthening confidence in our long-term outlook. Today, we reported ongoing earnings of $0.33 per share. Based on our results through the first half of the year and our expectations for the remainder of 2026, we are reaffirming our ongoing earnings forecast range of $1.90 to $1.98 per share, with a midpoint of $1.94 per share. We expect stronger earnings growth in the second half of the year, supported by rate case outcomes in both Pennsylvania and Rhode Island, with Pennsylvania rates effective July 1, and Rhode Island rates expected to be effective September 1. We are on pace to deploy approximately $5 billion of capital investments in 2026 to support the delivery of safe, reliable, and affordable energy service. As our investment plan has expanded, our teams have continued to demonstrate the ability to execute these programs safely, efficiently and on schedule. Longer term, we continue to project $23 billion of capital investment needs through 2029, supporting average annual rate base growth of over 10%. We also reaffirmed our long-term financial targets, including 6% to 8% annual EPS growth through at least 2029 with compound annual growth expected to be near the top end of that range, 4% to 6% annual dividend growth and FFO to debt of 16% to 18%. Importantly, these targets exclude any contribution from Invitium Energy, our joint venture with Blackstone, which represents meaningful long-term earnings and cash flow upside beyond the current plan. Turning to Slide 5 for a more comprehensive regulatory update. Coming into 2026, we had base rate case proceedings underway in …

Leadership Team of PPLC

10 executives

Name	Title	Compensation	Gender	Year Born	Status
Vincent Sorgi	President, CEO & Director	USD 3,236,761	Male	1972	Active
Joseph Bergstein Jr.	Executive VP & CFO	USD 1,494,713	Male	1971	Active
Wendy E. Stark	Executive VP of Utilities & Chief Legal Officer	USD 1,430,684	Female	1972	Active
Dean Anthony Del Vecchio	Executive VP and Chief Technology & Innovation Officer	USD 1,411,009	Male	1967	Active
David J. Bonenberger	Executive VP & Chief Operating Officer-Utilities	USD 1,142,613	Male	1962	Active
John R. Crockett	Chief Development Officer	USD 1,050,383	Male	1965	Active
Andrew Ludwig	Vice President of Investor Relations	—	Male	—	Active
Ryan Hill	Senior Director of Corporate Communications	—	Male	—	Active
Angela K. Gosman	Executive VP & Chief Human Resources Officer	—	Female	1969	Active
Stephen K. Breininger	VP of Corporate Audit & Chief Compliance Officer	—	Male	1974	Active

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PPL Corporation

Contact Information

Upcoming

FY2026 · Estimated annual results

FY2027 · Estimated annual results

Q3 FY2028 · Estimated results

Q4 FY2028 · Estimated results

Recent history

Q2 FY2026 · Results reported

Q1 FY2026 · Results reported

IPO

FY2025 · Annual results

Q3 FY2025 · Results reported

Q2 FY2025 · Results reported

Related stocksRegulated Electric

Upcoming

FY2026 · Estimated annual results

FY2027 · Estimated annual results

Q3 FY2028 · Estimated results

Q4 FY2028 · Estimated results

Recent history

Q2 FY2026 · Results reported

Q1 FY2026 · Results reported

IPO

FY2025 · Annual results

Q3 FY2025 · Results reported

Q2 FY2025 · Results reported