PPL
Owns regulated electric and gas utilities across Pennsylvania, Kentucky, Virginia and Rhode Island.
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Profile
Owns regulated electric and gas utilities serving Pennsylvania, Kentucky, Virginia and Rhode Island, earning through approved rates on delivery networks and Kentucky generation. Generation is concentrated in Kentucky, while Pennsylvania and Rhode Island focus on delivery and purchased power.
Owns four regulated utilities spanning Pennsylvania, Kentucky, Virginia and Rhode Island. PPL Electric transmits and distributes electricity in eastern and central Pennsylvania; LG&E and KU generate, transmit and deliver electricity in Kentucky and Virginia, while LG&E also distributes natural gas; Rhode Island Energy delivers electricity and gas across Rhode Island.
Invests in grid hardening, smart-grid deployment, advanced metering, gas-pipe replacement and new Kentucky generation. Revenue and returns depend on state utility commissions and FERC-approved mechanisms that set rates and determine recovery of fuel, purchased power and infrastructure costs.
Pennsylvania and Rhode Island operations buy power for delivery rather than owning generation; the Kentucky utilities operate the generation fleet. Service demand, weather, plant availability and regulatory cost recovery shape results.
Company facts
Categories
Key statistics
Year to date −2.6% · Average volume (30d) 7.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 25, 2026 | Jefferies | Reiterate | Buy | $48 | $44 |
| Aug 17, 2026 | Evercore ISI | Target | $43 | $42 | |
| Aug 10, 2026 | BMO Capital | Reiterate | Outperform | $39 | $38 |
| Jul 20, 2026 | Raymond James | Target | $39 | ||
| Jul 14, 2026 | Barclays | Reiterate | Overweight | $39 | $41 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 7, 2026Q2 FY26 | $0.34 | $0.33 | −3.1% | $2.19B | $2.11B | −3.6% | +2.43% |
| May 8, 2026Q1 FY26 | $0.62 | $0.63 | +2.3% | $2.51B | $2.77B | +10.6% | +0.92% |
| Feb 20, 2026Q4 FY25 | $0.41 | $0.41 | +0.2% | $2.42B | $2.27B | −6.0% | −0.48% |
| Nov 5, 2025Q3 FY25 | $0.46 | $0.48 | +4.4% | $2.05B | $2.24B | +9.0% | +0.36% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.50B | $2.03B | $2.24B | $2.27B | $2.78B | $2.11B | |
| Gross profit | $1.11B | $507.0M | $1.00B | $920.0M | $860.0M | $475.0M | |
| Operating income | $678.0M | $406.0M | $569.0M | $476.0M | $738.0M | $475.0M | |
| Net income | $414.0M | $183.0M | $318.0M | $266.0M | $452.0M | $230.0M | |
| Diluted EPS | $0.56 | $0.25 | $0.43 | $0.36 | $0.60 | $0.30 | |
| Gross margin | 44.4% | 25.0% | 44.7% | 40.5% | 31.0% | 22.5% | |
| Operating margin | 27.1% | 20.0% | 25.4% | 20.9% | 26.6% | 22.5% |
Fiscal years (4-quarter sums)FY21 $5.78B · FY22 $7.90B · FY23 $8.31B · FY24 $8.46B · FY25 $9.04B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $332.0M · Total debt $19.85B · Total assets $46.30B · Shareholders' equity $15.05B
Dividends
Raised for 3 straight years — most recently to $0.285 from $0.2725 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 10, 2026 | Jun 10 | Jul 1 | $0.285 | |
| Mar 10, 2026 | Mar 10 | Apr 1 | $0.285 | raised from $0.2725 |
| Dec 10, 2025 | Dec 10 | Jan 2 | $0.2725 | |
| Sep 10, 2025 | Sep 10 | Oct 1 | $0.2725 | |
| Jun 10, 2025 | Jun 10 | Jul 1 | $0.2725 | |
| Mar 10, 2025 | Mar 10 | Apr 1 | $0.2725 | raised from $0.2575 |
| Dec 10, 2024 | Dec 10 | Jan 2 | $0.2575 | |
| Sep 10, 2024 | Sep 10 | Oct 1 | $0.2575 |
Ownership
Shares outstanding 752.58M · Float 750.21M · 99.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 67.10M | 8.92% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 47.88M | 6.36% | 13F | Aug 13, 2026 |
| State Street Corp | 40.50M | 5.38% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management | 37.77M | 5.02% | 13G | Jul 31, 2026 |
| T. Rowe Price Investment Management, Inc. | 32.43M | 4.31% | 13F | Aug 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Exelon
Largest US regulated T&D utility; PECO neighbors PPL Electric in Pennsylvania.
- FirstEnergy
PA's largest T&D utility; four rate districts overlap PPL Electric's territory.
- American Electric Power
AEP's Kentucky Power borders LG&E/KU; large multi-state regulated utility peer.
- Duke Energy
Duke Energy Kentucky neighbors LG&E/KU; KPSC rate-case peer in Kentucky.
- Entergy
Fully regulated multi-state utility; direct ROE and earnings-model peer to PPL.
- Eversource Energy
ISO-NE incumbent in CT/MA/NH; shares transmission planning zone with RI Energy.
- Consolidated Edison
Regulated T&D in NYC/Westchester; rate-case benchmark peer for PPL Electric.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PPL | $34.18 | −0.03% | $25.74B | 20.2 | 16.5 | 3.6 | +4.3% |
| Exelon | $44.08 | +0.38% | $45.26B | 16.0 | 14.9 | 1.8 | +10.0% |
| FirstEnergy | $46.29 | +0.92% | $26.54B | 24.5 | 15.9 | 1.7 | +9.5% |
| American Electric Power | $125.76 | +2.84% | $66.59B | 21.2 | 18.4 | 3.0 | +7.0% |
| Duke Energy | $120.20 | −0.02% | $93.75B | 18.1 | 17.7 | 2.8 | +1.1% |
| Entergy | $105.75 | +0.03% | $49.35B | 27.1 | 22.6 | 3.7 | +5.9% |
| Eversource Energy | $70.84 | +0.02% | $26.64B | 18.4 | 15.1 | 1.9 | +2.3% |
| Consolidated Edison | $107.49 | +0.01% | $39.61B | 17.7 | 17.4 | 2.2 | +13.2% |
| Median | 18.4 | 17.4 | 2.2 | +7.0% |