Ppl Corp. (PPL)
NYSE:PPL
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.37Last Year’s EPS
0.32Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights a strong operational and financial start to 2026: Q1 EPS beat versus last year on an ongoing basis, reaffirmed full-year guidance, a large and growing data center demand pipeline, disciplined capital program ($5.1B in 2026 and $23B through 2029), constructive regulatory developments in Pennsylvania and Rhode Island, and meaningful progress on the Blackstone joint venture and financing de-risking. Offsetting these positives are material regulatory exposures (notably an approximately $2.526B potential New England ROE refund), higher depreciation and financing costs, ongoing regulatory uncertainty in Kentucky and PJM market design, and some near-term volume pressures in Kentucky. Overall, the positives on execution, demand momentum, investment visibility, and financing strength outweigh the notable risks described, though those risks remain meaningful and warrant monitoring.Company Guidance
Quarterly Earnings and Guidance Reaffirmed
Q1 2026 GAAP EPS of $0.60 vs $0.56 in Q1 2025 (+7.1%). Ongoing EPS of $0.63 (adjusted for $0.03 of special items), an increase of $0.03 vs prior year (+5%). Reaffirmed 2026 ongoing earnings guidance of $1.90–$1.98 (midpoint $1.94).
Strong Capital Investment Plan
On track to complete ~ $5.1 billion of planned investments in 2026 and projecting ~$23 billion of capital investment through 2029, driving average annual rate base growth of 10.3%.
Robust Data Center Demand Pipeline
Pennsylvania projects in advanced stages grew to 28.3 GW (up 12% from 25.2 GW); ~10 GW have signed ESAs and ~5 GW are under construction. Kentucky pipeline increased to 12.9 GW (nearly +4 GW), with ~3.5 GW probability-weighted expected new load by 2032 (vs ~1.8 GW prior assumption).
Progress on Blackstone Joint Venture
JV momentum: multiple gas turbine reservation agreements, PJM interconnection submissions on land under control, active commercial discussions with hyperscalers; management expects the likelihood of announcing meaningful commercial arrangements this year.
Regulatory Progress and Customer Protections in Pennsylvania
PPL Electric Utilities reached a constructive settlement in its distribution base rate case with bill increases under 4% across customer classes after ~10-year stay-out; administrative law judges recommended approval and a Pennsylvania PUC decision is expected by June with new rates effective July 1. Settlement includes a two-year stay-out and enhanced low-income protections.
Rhode Island: Major Investment Approval and Operational Performance
Rhode Island Energy received approval for over $330 million of ISR investments (recovery began April 1). Demonstrated top-quartile storm performance—restored power to 99% of customers within 48 hours after a historic blizzard—supporting reliability claims tied to investments.
Balance Sheet and Financing Strength
Completed a $1.15 billion equity units offering (settling into common shares in 2029), which de-risked roughly two-thirds of total equity needs for the current capital plan; management intends to use ATM and opportunistic equity-like financing for remaining needs.
PPL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PPL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2026 | $36.77 | $35.91 | -2.34% |
Feb 20, 2026 | $36.69 | $37.16 | +1.27% |
Nov 05, 2025 | $35.69 | $35.81 | +0.33% |
Jul 31, 2025 | $35.21 | $34.87 | -0.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ppl Corp. (PPL) report earnings?
Ppl Corp. (PPL) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Ppl Corp. (PPL) earnings time?
Ppl Corp. (PPL) earnings time is at Jul 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PPL EPS forecast?
PPL EPS forecast for the fiscal quarter 2026 (Q2) is 0.37.