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PPL
(NYSE:PPL)
PPL (PPL) vs. SPDR S&P 500 ETF (SPY)
PPL Business Overview & Revenue Model
PPL Key Performance Indicators (KPIs)
PPL Earnings Call Summary
PPL Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.98B | 8.46B | 8.31B | 7.90B | 5.78B | 5.47B |
| Gross Profit | 3.75B | 3.39B | 3.28B | 2.89B | 2.71B | 2.79B |
| EBITDA | 3.52B | 3.21B | 2.92B | 2.66B | 2.56B | 2.67B |
| Net Income | 1.09B | 888.00M | 740.00M | 756.00M | -1.48B | 1.47B |
Balance Sheet | ||||||
| Total Assets | 43.94B | 41.07B | 39.24B | 37.84B | 33.22B | 48.12B |
| Cash, Cash Equivalents and Short-Term Investments | 1.12B | 306.00M | 331.00M | 356.00M | 3.57B | 442.00M |
| Total Debt | 18.99B | 16.81B | 15.60B | 14.23B | 11.21B | 15.86B |
| Total Liabilities | 29.53B | 26.99B | 25.30B | 23.92B | 19.50B | 34.74B |
| Stockholders Equity | 14.41B | 14.08B | 13.93B | 13.91B | 13.72B | 13.37B |
Cash Flow | ||||||
| Free Cash Flow | -1.14B | -465.00M | -632.00M | -425.00M | 297.00M | 476.00M |
| Operating Cash Flow | 2.59B | 2.34B | 1.76B | 1.73B | 2.27B | 2.75B |
| Investing Cash Flow | -3.73B | -2.82B | -2.38B | -5.65B | 7.96B | -3.26B |
| Financing Cash Flow | 1.68B | 435.00M | 650.00M | 709.00M | -7.39B | 386.00M |
PPL Technical Analysis
PPL Risk Analysis
PPL Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $27.03B | 19.22 | 11.47% | 2.86% | 22.71% | 22.86% | |
67 Neutral | $21.30B | 20.20 | 12.34% | 3.10% | 10.96% | -0.77% | |
67 Neutral | $25.79B | 19.40 | 10.54% | 3.94% | 7.64% | 48.61% | |
66 Neutral | $25.59B | 23.54 | 7.65% | 3.13% | 8.42% | 32.48% | |
66 Neutral | $25.43B | 18.63 | 8.65% | 4.54% | 13.12% | ― | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | $26.98B | 19.46 | 11.64% | 3.45% | 19.42% | -9.68% |
PPL Corporate Events
On February 14, 2025, PPL Corporation entered into an Equity Distribution Agreement and related master forward confirmations with a syndicate of major banks to facilitate the offering and sale of its common stock through forward sale agreements, totaling approximately 38.7 million shares or about $1.4 billion to be settled by August 11, 2027. On December 29, 2025, PPL physically settled a portion of these 2025 forward agreements scheduled for settlement on or before December 30, 2025 by delivering about 11.3 million shares of common stock, generating approximately $400 million in net proceeds, while approximately 27.4 million shares tied to roughly $1.0 billion in remaining forward commitments must still be settled by December 30, 2026 and August 11, 2027, respectively, underscoring an ongoing multi-year equity-raising program that will continue to affect PPL’s capital structure and shareholder base.
The most recent analyst rating on (PPL) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
On November 26, 2025, Rhode Island Energy announced its filing for a rate increase with the Rhode Island Public Utilities Commission, effective September 1, 2026. This is the first comprehensive rate review since 2017, aimed at aligning electric and gas distribution rates with operational costs and supporting infrastructure upgrades, customer service improvements, and affordability programs. The proposed rate plan seeks to collect additional revenue of $180.7 million in the first year and $49.4 million in the second year, with a focus on system reliability, customer experience enhancements, and affordability measures. The company cites inflation and increased costs as reasons for the proposal, which could impact residential customers’ bills significantly.
The most recent analyst rating on (PPL) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
On November 24, 2025, PPL Capital Funding, Inc., a subsidiary of PPL Corporation, issued $1.15 billion in 3.000% Exchangeable Senior Notes due 2030. The issuance was conducted through a private placement aimed at qualified institutional buyers under Rule 144A of the Securities Act of 1933. The net proceeds of $1.14 billion from the sale are intended for repaying short-term debt and general corporate purposes. These senior, unsecured notes are guaranteed by PPL Corporation and are exchangeable for the company’s common stock under specified conditions. The issuance strengthens PPL’s financial positioning by addressing short-term liabilities and potentially enhancing liquidity, while offering investors a structured opportunity to engage with PPL’s equity through the exchangeable feature of the notes.
The most recent analyst rating on (PPL) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
On November 19, 2025, PPL Corporation announced the pricing of a $1 billion private placement of 3.000% Exchangeable Senior Notes due 2030 through its subsidiary, PPL Capital Funding, Inc. The notes, which are fully guaranteed by PPL Corporation, are aimed at institutional buyers and will generate approximately $988.8 million in net proceeds, intended for repaying short-term debt and general corporate purposes. This financial maneuver is expected to bolster PPL’s operational flexibility and strengthen its market position by addressing short-term liabilities and supporting corporate strategies.
The most recent analyst rating on (PPL) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
On November 19, 2025, PPL Corporation announced a private placement of $1 billion in Exchangeable Senior Notes due 2030 through its subsidiary, PPL Capital Funding, Inc. The notes, guaranteed by PPL Corporation, aim to repay short-term debt and support general corporate purposes. This strategic move is expected to enhance PPL’s financial flexibility and strengthen its market position, while offering institutional buyers a secure investment opportunity.
The most recent analyst rating on (PPL) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
PPL Corporation announced its third-quarter 2025 financial results, reporting a significant increase in earnings compared to the previous year. The company narrowed its 2025 earnings forecast and reaffirmed its growth targets, highlighting a strong performance supported by disciplined execution and robust capital investment. PPL also achieved key regulatory milestones, including approval for new generation resources in Kentucky, which underscores its strategic focus on balancing customer affordability with infrastructure development.
The most recent analyst rating on (PPL) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
On October 28, 2025, the Kentucky Public Service Commission approved LG&E and KU’s plans to construct two new natural gas combined-cycle units and upgrade environmental controls at Ghent Generating Station. This decision supports Kentucky’s economic growth by ensuring reliable energy supply but did not approve certain rate mechanisms and extended operations for Mill Creek Unit 2. The utilities plan to have the new units operational by 2030 and 2031, respectively, and continue to evaluate the order’s implications.
The most recent analyst rating on (PPL) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
On October 20, 2025, LG&E and KU announced an agreement with key stakeholders to resolve issues regarding their request for increased annual electricity and gas revenues, filed with the Kentucky Public Service Commission (KPSC) in May 2025. The agreement proposes a $235 million increase in revenues and includes commitments to system enhancements, technology upgrades, and customer service improvements. It also introduces new rate mechanisms and a commitment to refrain from further base rate increases until August 2028. The agreement aims to strengthen system reliability and meet increased energy demands while minimizing the impact on customers’ bills. A KPSC hearing is scheduled for November 3, 2025, with a ruling expected by the end of the year.
The most recent analyst rating on (PPL) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.