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PPL
(NYSE:PPL)
PPL (PPL) vs. SPDR S&P 500 ETF (SPY)
PPL Business Overview & Revenue Model
PPL Earnings Call Summary
PPL Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.81B | 8.46B | 8.31B | 7.90B | 5.78B | 7.61B |
| Gross Profit | 3.59B | 3.39B | 3.28B | 2.89B | 2.71B | 4.40B |
| EBITDA | 3.37B | 3.22B | 2.93B | 2.66B | 2.58B | 2.67B |
| Net Income | 988.00M | 888.00M | 740.00M | 756.00M | 18.00M | 1.47B |
Balance Sheet | ||||||
| Total Assets | 42.36B | 41.07B | 39.24B | 37.84B | 33.22B | 48.12B |
| Cash, Cash Equivalents and Short-Term Investments | 294.00M | 306.00M | 331.00M | 356.00M | 3.57B | 442.00M |
| Total Debt | 17.80B | 16.81B | 15.60B | 14.23B | 11.21B | 15.86B |
| Total Liabilities | 28.08B | 26.99B | 25.30B | 23.92B | 19.50B | 34.74B |
| Stockholders Equity | 14.29B | 14.08B | 13.93B | 13.91B | 13.72B | 13.37B |
Cash Flow | ||||||
| Free Cash Flow | -344.00M | -465.00M | -632.00M | -425.00M | 297.00M | -503.00M |
| Operating Cash Flow | 1.99B | 2.34B | 1.76B | 1.73B | 2.27B | 2.75B |
| Investing Cash Flow | -2.02B | -2.82B | -2.38B | -5.65B | 7.96B | -3.26B |
| Financing Cash Flow | 356.00M | 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $27.43B | 22.28 | 10.29% | 2.72% | 17.32% | 3.35% | |
72 Outperform | $25.18B | 19.25 | 10.33% | 3.99% | 6.44% | 49.07% | |
71 Outperform | $27.42B | 27.88 | 6.96% | 2.86% | 6.62% | 17.35% | |
71 Outperform | $24.43B | 28.33 | 5.63% | 4.43% | 14.44% | ― | |
71 Outperform | $29.05B | 20.13 | 12.61% | 3.07% | 14.35% | 3.62% | |
67 Neutral | $25.12B | 26.81 | 8.76% | 2.21% | 4.84% | -11.24% | |
67 Neutral | $17.91B | 18.75 | 8.12% | 3.40% | 7.32% | 12.41% |
PPL Corporate Events
On August 13, 2025, Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) issued $700 million each in First Mortgage Bonds due 2055, with an interest rate of 5.850%. These bonds are secured by liens on the companies’ real and tangible personal property in Kentucky, used for electricity and natural gas operations. The proceeds will be used to repay existing bonds, short-term debt, and for general corporate purposes.
The most recent analyst rating on (PPL) stock is a Buy with a $36.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
In August 2025, PPL Corporation entered into forward contracts to sell 27.4 million shares of its common stock at an average price of $35.90 per share, with expected net proceeds of approximately $984 million. These contracts, part of PPL’s at-the-market program, aim to address a significant portion of its $2.5 billion equity requirement through 2028, with settlements scheduled through August 2027.
The most recent analyst rating on (PPL) stock is a Buy with a $36.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
On August 6, 2025, PPL Electric Utilities Corporation entered into an underwriting agreement with several financial institutions for the offering and sale of $500 million in First Mortgage Bonds, 5.55% Series due 2055. The issuance, completed on August 11, 2025, aims to secure funds for repaying short-term debt and general corporate purposes, potentially strengthening PPL Electric’s financial positioning and operational capabilities.
The most recent analyst rating on (PPL) stock is a Buy with a $36.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
On August 4, 2025, LG&E and KU entered into separate underwriting agreements for the offering and sale of $700 million aggregate principal amount of 5.850% First Mortgage Bonds due 2055. Both companies plan to issue these bonds around August 13, 2025, with the proceeds intended to repay existing bonds, short-term debt, and for other corporate purposes. This strategic financial move is expected to impact their debt structure and support their operational funding.
The most recent analyst rating on (PPL) stock is a Buy with a $56.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
On July 31, 2025, PPL Corporation announced its second-quarter 2025 earnings, reporting a GAAP earnings per share of $0.25 and ongoing earnings per share of $0.32, down from $0.38 in 2024 due to timing and weather factors. Despite this, PPL reaffirmed its 2025 earnings forecast range and projected strong earnings growth in the second half of the year, driven by higher returns on capital investments and lower operational costs. The company also highlighted its joint venture with Blackstone Infrastructure to develop electric generation stations for data centers, showcasing its commitment to innovation and stakeholder engagement.
The most recent analyst rating on (PPL) stock is a Buy with a $36.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
On July 29, 2025, LG&E and KU announced a stipulation agreement with several intervenors regarding future generation-related construction projects, filed with the Kentucky Public Service Commission (KPSC). The agreement includes the construction of two 645 MW natural gas combined-cycle units and a selective catalytic reduction system, while withdrawing a battery storage project proposal. The stipulation, subject to KPSC approval, aims to address Kentucky’s growing energy needs amid economic development. The projected capital expenditures for these projects are approximately $4.1 billion, with the stipulation set for a hearing on August 4, 2025, and a ruling expected in the fourth quarter of 2025.
The most recent analyst rating on (PPL) stock is a Buy with a $56.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
On July 15, 2025, PPL Corporation and Blackstone Infrastructure announced a joint venture to build, own, and operate new gas-fired, combined-cycle generation stations to power data centers in Pennsylvania. This initiative, revealed at the Pennsylvania Energy and Innovation Summit, aims to address the growing power demand from data centers and mitigate electricity price increases by leveraging the Marcellus and Utica shale basins. The joint venture, with PPL owning 51% and Blackstone 49%, plans to enter long-term energy services agreements and has already secured land for development, although no agreements with hyperscalers have been finalized. This move is part of a broader strategy to support economic development and address resource adequacy concerns in the PJM Interconnection region, with Pennsylvania Governor Josh Shapiro expressing support for the investment’s potential to create jobs and drive economic growth.
The most recent analyst rating on (PPL) stock is a Buy with a $56.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
At the Annual Meeting of Shareowners of PPL Corporation held on May 16, 2025, all ten nominees for the office of director were elected. Additionally, the shareowners approved the 2024 compensation of the Company’s named executive officers and ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2025. However, a proposal for independent evaluation of greenhouse gas reduction targets was rejected.
The most recent analyst rating on (PPL) stock is a Buy with a $56.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.
On May 15, 2025, LG&E and KU announced plans to request revenue increases from the Kentucky Public Service Commission to support system enhancements aimed at improving reliability and resilience against severe weather. The proposed increases include 8.3% for LG&E electricity, 11.5% for KU electricity, and 14.0% for LG&E gas, with new rates potentially effective from January 1, 2026. These enhancements are part of ongoing efforts to upgrade aging infrastructure, improve customer service, and maintain competitive rates despite rising costs. The companies emphasize the importance of these investments in light of increasing severe weather events and the need for modernized systems.
The most recent analyst rating on (PPL) stock is a Buy with a $56.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.