PPL (PPL) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 30, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.6

Last Year’s EPS

0.6

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 11 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 20, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented multiple strong execution and growth positives — solid 2025 earnings beat vs prior year, clear 2026 guidance with continued multi-year EPS targets, accelerated and enlarged capital plan to support material rate base growth, substantial data center pipeline growth (25.2 GW in PA, up 23%), meaningful O&M savings achieved ahead of plan, improved credit metrics, and a modest dividend increase. Offsetting items include elevated weather-driven investment needs, higher interest expense and depreciation weighing on near-term results, Rhode Island one-time pressures, energy supply cost inflation impacting customer affordability (up ~200% since 2020), remaining equity issuance (~$2B) and regulatory nuances in Kentucky. On balance the call emphasized disciplined financial policy, strong execution, clear upside pathways (transmission, generation, and JV opportunities), and manageable near-term risks, supporting a positive outlook.

Company Guidance

PPL issued 2026 ongoing earnings guidance of $1.90–$1.98 per share (midpoint $1.94, +7.2% vs. 2025 ongoing $1.81) and extended its 6%–8% annual EPS growth target through at least 2029 with EPS CAGR expected near the top of that range; the company plans $23.0 billion of capital investment from 2026–2029 (up from $20.0 billion prior) supporting ~10.3% rate base CAGR, with roughly 50% funded by operations (net of dividends), ~40% by debt and total equity needs of ~$3.0 billion (≈$1.0 billion executed in 2025, ≈$2.0 billion remaining), while maintaining 16%–18% FFO/debt and holding company debt <25%. 2025 highlights include ongoing EPS $1.81 (GAAP $1.59), $4.4 billion of CapEx executed and ~$170 million of run‑rate O&M savings (ahead of the $175 million 2026 target) with O&M growth guided to ~1% annually; regulatory and project metrics include a Kentucky revenue increase of ≈$233 million with allowed ROEs of 9.775%/9.675% (up 35/32.5 bps), PA advanced-stage data center pipeline of ~25.2 GW (up 23%) with ≥10 GW expected under ESAs by end of Q1 and ~5 GW under construction, a Kentucky pipeline >9 GW (≈8 GW data centers, 4 GW highly active, 500 MW under construction) with probability‑weighted demand ~2.8 GW, a nearly $2.0 billion increase in transmission spend (≈$1.3B PA data centers, $0.7B KY hardening), an $0.8B increase in distribution spend, RI ISR filings of ≈$350M, a declared quarterly dividend of $0.285 (annualized $1.14) with dividend growth target 4%–6% and a payout ratio target of 50%–60%, and a continued focus on upside from competitive transmission, additional T&D, Kentucky generation and the Blackstone JV.

Strong Ongoing Earnings Growth

2025 ongoing earnings of $1.81 per share, up 7.1% year-over-year; GAAP earnings $1.59 per share (2025) vs $1.20 in 2024. 2026 ongoing earnings guidance of $1.90–$1.98 (midpoint $1.94), representing ~7.2% growth from 2025.

Updated Multi-Year Growth Targets and Guidance

Extended 6%–8% annual EPS growth target through at least 2029 with expected EPS CAGR near the top end of the range; plan anticipates stronger growth beginning in 2027 through 2029.

Material Capital Investment Plan Supporting Growth

Announced $23,000,000,000 capital plan for 2026–2029 (up $3,000,000,000 from prior $20B plan); supports an estimated rate base CAGR of ~10.3% from 2025–2029 and underpins predictable earnings growth.

Execution of 2025 Capital and O&M Efficiency Targets

Executed $4,400,000,000 of planned investments in 2025 focused on grid hardening, advanced metering, pipeline replacement, and generation build. Achieved ~$170,000,000 in run-rate O&M savings from 2021 baseline (~$20M ahead of the $175M 2026 target), roughly a year ahead of plan.

Data Center Pipeline Momentum

PPL Electric advanced-stage data center projects totaled ~25.2 GW (up 23% since last update); expect at least 10 GW to be under ESAs by the end of the near term and ~5 GW under construction. Kentucky pipeline shows >9 GW potential load with ~8 GW from data centers and ~4 GW highly active.

Regulatory and Rate Case Wins in Kentucky

Kentucky commission approved ~ $233,000,000 aggregate annual electric and gas revenue increase (within $2M of stipulation). Allowed ROEs of 9.775% (utilities) and 9.675% (capital-related mechanisms), increases of 35 and 32.5 basis points respectively. Approved pilot generation recovery mechanism and extremely high load factor tariff.

Credit and Capital Positioning

Plan maintains strong credit metrics including 16%–18% FFO-to-debt and holding company to total debt below 25%. Total equity needs of ~$3,000,000,000 for 2026–2029 with about $1,000,000,000 already executed in 2025 (approximately $2,000,000,000 remaining).

Dividend Increase and Investor Returns

Quarterly cash dividend declared at $0.285 (annualized $1.14), nearly a 5% increase; dividend growth target adjusted to 4%–6% while issuing equity. Company projects a 50%–60% payout ratio and a 10%–12% total return proposition combining EPS growth and dividend yield.

Operational Reliability and Generation Performance

Achieved first quartile or near first quartile T&D reliability across jurisdictions and top-decile generation performance in Kentucky; continued focus on grid hardening and digital/customer-service innovations (AI agentic customer service agent and new customer app rollout).

PPL (PPL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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PPL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2026	2026 (Q1)	0.59 / -	0.6	―	―	―
Feb 20, 2026	2025 (Q4)	0.41 / 0.41	0.34	20.59% (+0.07)
Nov 05, 2025	2025 (Q3)	0.46 / 0.48	0.42	14.29% (+0.06)
Jul 31, 2025	2025 (Q2)	0.39 / 0.32	0.38	-15.79% (-0.06)
Apr 30, 2025	2025 (Q1)	0.55 / 0.60	0.54	11.11% (+0.06)
Feb 13, 2025	2024 (Q4)	0.37 / 0.34	0.4	-15.00% (-0.06)
Nov 01, 2024	2024 (Q3)	0.42 / 0.42	0.43	-2.33% (-0.01)
Aug 02, 2024	2024 (Q2)	0.33 / 0.38	0.29	31.03% (+0.09)
May 01, 2024	2024 (Q1)	0.50 / 0.54	0.48	12.50% (+0.06)
Feb 16, 2024	2023 (Q4)	0.38 / 0.40	0.28	42.86% (+0.12)

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
Feb 20, 2026	$36.97	$37.44	+1.27%
Nov 05, 2025	$35.96	$36.08	+0.33%
Jul 31, 2025	$35.48	$35.13	-0.97%
Apr 30, 2025	$35.53	$35.64	+0.30%

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 Apr 30, 2026, Before Open (Confirmed).

What is Ppl Corp. (PPL) earnings time?

Ppl Corp. (PPL) earnings time is at Apr 30, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

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What is PPL EPS forecast?

PPL EPS forecast for the fiscal quarter 2026 (Q1) is 0.6.