PPL Corp

Latest Results (29.08.2026):

PPL Corporation — second quarter 2026: PPL reported solid Q2 2026 results with GAAP reported earnings of $230 million, or $0.30 per share, and ongoing (non‑GAAP) earnings of $247 million, or $0.33 per share (up from $0.32 in Q2 2025). The company reaffirmed its 2026 ongoing earnings guidance and its long‑term EPS growth target while highlighting substantial potential generation investment opportunities in Pennsylvania and Kentucky through 2032.

Quarterly results

Q2 2026 GAAP net income $230M ($0.30 diluted EPS). Q2 2026 earnings from ongoing operations $247M ($0.33 per share) vs. $240M ($0.32) in Q2 2025. Year‑to‑date (six months) reported earnings $682M ($0.90 EPS) and ongoing EPS $0.96 vs. $0.92 a year ago.

Guidance and growth outlook

PPL reaffirmed 2026 ongoing earnings guidance of $1.90–$1.98 per share (midpoint $1.94) and reiterated an annual EPS growth target of 6%–8% through at least 2029, expecting compound growth near the top of that range and stronger earnings beginning in 2027.

Investment pipeline & Invitium JV

PPL estimates $10–$12 billion of potential generation investment upside in Pennsylvania and Kentucky through 2032 tied to economic development (notably data centers). Invitium Energy (51% JV) has land for 8–14 GW and >5 GW of PJM interconnection requests accepted; PPL does not expect material JV earnings through 2030, with potential battery contributions in 2029–2030 and combined‑cycle units possibly contributing by 2031–2032.

Segment performance (ongoing EPS)

Q2 2026 ongoing EPS by segment: Kentucky Regulated $0.18, Pennsylvania Regulated $0.18, Rhode Island Regulated $0.03, Corporate & Other (loss) $(0.06) — total $0.33. Drivers: Kentucky benefited from higher retail rates; Pennsylvania faced higher depreciation and interest (partially offset by higher transmission revenue); Rhode Island saw lower operating costs and higher rider revenue.

Special items and charges

Q2 included net special‑item after‑tax charges of $17M (≈$0.03 per share) primarily for IT transformation and customer system integration impacts. Year‑to‑date special items were $43M (≈$0.06 per share). PPL reports ongoing earnings excluding these items.

Cash flow, capex and balance sheet highlights

Six‑month capex of $2.339B; net cash provided by operating activities $1.14B; net cash used in investing $2.407B. Issued $2.046B long‑term debt YTD; long‑term debt on the balance sheet $19.789B. Total assets $46.301B and cash & cash equivalents ~$339M at June 30, 2026.