The earnings call reflects a positive outlook for PPL Corporation with substantial infrastructure investment plans, robust earnings and dividend growth projections, and strategic regulatory and business advancements, particularly in data center projects. However, the company faces some challenges with declining earnings and sales volumes, as well as increased regulatory activity due to cost pressures.

Company Guidance

During PPL Corporation's Second Quarter 2025 earnings call, the company reported GAAP earnings of $0.25 per share and earnings from ongoing operations of $0.32 per share. PPL is confident in achieving at least the midpoint of its 2025 ongoing earnings forecast of $1.81 per share, driven by expected stronger earnings growth in the latter half of the year. This growth is anticipated due to higher returns on capital investments, projected cumulative O&M savings of $150 million compared to 2021, and over $4 billion in planned infrastructure improvements. PPL also forecasts $20 billion in infrastructure improvements from 2025 to 2028, driving an average annual rate base growth of 9.8%. The company aims to maintain a favorable credit profile with an FFO to debt ratio of 16% to 18% and a holding company to total debt ratio below 25%. Furthermore, PPL expects 6% to 8% annual EPS and dividend growth through at least 2028, targeting the top half of this range.

Strong Infrastructure Investment

PPL Corporation is on track to complete over $4 billion in infrastructure improvements in 2025, with a projection of $20 billion in improvements from 2025 to 2028, resulting in an average annual rate base growth of 9.8%.

Projected Earnings and Dividend Growth

PPL is well positioned to achieve a 6% to 8% annual earnings per share and dividend growth through at least 2028, with EPS growth expected in the top half of that range.

Positive Regulatory Advances

PPL has announced a constructive stipulation agreement with KPSC, supporting approval of new generation units and mechanisms that reduce investment lag, including a new tracker for cost recovery.

Data Center Strategy and Joint Venture

PPL is actively engaging in a joint venture with Blackstone Infrastructure to build new generation in Pennsylvania, with an estimated need of 7.5 gigawatts over the next 5 to 7 years.

Economic Development in PA and KY

PPL's regions are experiencing robust economic development with significant data center and manufacturing investments, totaling $36 billion in Kentucky alone, with half in PPL's service territories.

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

Daily Earnings Calendar >

PPL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.47 / -	0.42	―	―	―
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)
Nov 02, 2023	2023 (Q3)	0.42 / 0.43	0.41	4.88% (+0.02)
Aug 04, 2023	2023 (Q2)	0.32 / 0.29	0.3	-3.33% (-0.01)

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
Jul 31, 2025	$36.04	$35.69	-0.97%
Apr 30, 2025	$36.10	$36.21	+0.30%
Feb 13, 2025	$33.97	$33.86	-0.32%
Nov 01, 2024	$31.79	$30.81	-3.08%

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 Oct 30, 2025, Before Open (Confirmed).

What is Ppl Corp. (PPL) earnings time?

Ppl Corp. (PPL) earnings time is at Oct 30, 2025, 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 2025 (Q3) is 0.47.

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