PPL (NYSE:PPL) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

PPL (NYSE:PPL) posted its quarterly earnings results on Friday. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01, FiscalAI reports. PPL had a net margin of 13.47% and a return on equity of 9.33%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. The business’s revenue was up 11.5% compared to the same quarter last year. PPL updated its FY 2026 guidance to 1.920-1.960 EPS.

Here are the key takeaways from PPL’s conference call:

• PPL raised its long-term annual EPS growth target to 7%–9% through at least 2030, with growth expected in the top half of the range starting in 2027. The $25 billion capital plan supports 10% rate-base growth, while additional Kentucky generation could lift EPS growth above 9% if customer demand and projects advance.
• Third-quarter earnings from ongoing operations rose to $0.54 per share from $0.48 a year earlier, and nine-month earnings were up more than 7%. PPL narrowed its 2026 forecast to $1.92–$1.96 per share and forecast 2027 earnings of $2.06–$2.14.
• Invitium and QTS agreed on key commercial terms for about 2 GW of generation for a Pennsylvania data center, with a cost-reimbursement agreement providing some development-risk protection. The proposal represents an estimated $5 billion–$7 billion of total investment, but remains subject to final agreements, approvals, and other conditions.
• PPL expects about $3 billion of equity needs through 2030, including funding for its expanded capital plan, and plans to use its at-the-market program as a primary source. The company is also targeting dividend growth at the low end of its 4%–6% range while funding investment and maintaining credit metrics.

PPL Stock Down 0.4%

NYSE:PPL traded down $0.15 during trading hours on Friday, hitting $35.85. 18,188,731 shares of the company traded hands, compared to its average volume of 8,463,203. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The firm’s 50-day simple moving average is $34.20 and its 200-day simple moving average is $36.06. PPL has a one year low of $31.56 and a one year high of $40.10. The company has a market cap of $26.98 billion, a PE ratio of 21.21, a PEG ratio of 3.49 and a beta of 0.55.

PPL Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were given a $0.2850 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, September 10th. PPL’s dividend payout ratio is presently 67.46%.

Wall Street Analysts Forecast Growth

PPL has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their target price on PPL from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, September 28th. Royal Bank Of Canada assumed coverage on PPL in a report on Tuesday, September 15th. They issued a “sector perform” rating and a $35.00 price target on the stock. Weiss Ratings lowered PPL from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, September 28th. HSBC started coverage on PPL in a research note on Thursday, October 22nd. They issued a “buy” rating and a $42.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on PPL from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.06.

Insider Transactions at PPL

In other news, EVP Wendy Stark sold 5,406 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $35.11, for a total value of $189,804.66. Following the completion of the sale, the executive vice president owned 99,220 shares in the company, valued at $3,483,614.20. This represents a 5.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by corporate insiders.

PPL Company Profile

PPL Corporation (NYSE:PPL) is an energy and utility holding company headquartered in Allentown, Pennsylvania. Through its regulated utility subsidiaries, the company delivers electricity and natural gas, operates electric distribution and transmission systems, and provides related energy services to residential, commercial, and industrial customers.

PPL’s principal businesses include PPL Electric Utilities in Pennsylvania, Louisville Gas and Electric Company and Kentucky Utilities in Kentucky, and Rhode Island Energy in Rhode Island.