PPL Stock - PPL Corporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $8.46B | $8.31B | $7.90B | $5.78B | $5.47B |
| Gross Profit | $3.39B | $3.28B | $2.89B | $2.71B | $2.79B |
| Gross Margin | 40.1% | 39.4% | 36.5% | 46.9% | 50.9% |
| Operating Income | $1.74B | $1.63B | $1.37B | $1.42B | $1.59B |
| Net Income | $888.00M | $740.00M | $756.00M | $-1,480,000,000 | $1.47B |
| Net Margin | 10.5% | 8.9% | 9.6% | -25.6% | 26.8% |
| EPS | $1.20 | $1.00 | $1.02 | $-1.93 | $1.91 |
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through two segments: Kentucky Regulated and Pennsylvania Regulated. It serves approximately 429,000 electric and 333,000 natural gas customers in Louisville and adjacent areas in Kentucky; 538,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in five counties in southwestern Virginia. The company also provides electric services to approximately 1.4 million customers in Pennsylvania; and generates electricity from coal, gas, hydro, and solar sources in Kentucky; and sells wholesale electricity to two municipalities in Kentucky. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 28th 2025 | Wells Fargo | Initiation | Overweight | $43 |
| October 22nd 2025 | BTIG Research | Initiation | Buy | $44 |
| October 7th 2025 | Evercore ISI | Initiation | Outperform | $43 |
| December 11th 2024 | BMO Capital Markets | Initiation | Outperform | $36 |
| October 25th 2024 | JP Morgan | Initiation | Overweight | $37 |
| September 20th 2024 | Jefferies | Initiation | Buy | $38 |
| March 8th 2024 | Argus | Upgrade | Buy | $30 |
| October 4th 2023 | UBS | Downgrade | Neutral | $25← $29 |
| August 23rd 2023 | Barclays | Initiation | Equal Weight | $26 |
| December 15th 2022 | Morgan Stanley | Upgrade | Overweight | $32 |
| October 6th 2022 | Seaport Research Partners | Upgrade | Buy | $28.5 |
| August 15th 2022 | BofA Securities | Upgrade | Buy | $33← $29 |
| July 7th 2022 | Evercore ISI | Upgrade | Outperform | $30 |
| April 26th 2022 | Credit Suisse | Initiation | Outperform | $33 |
| April 11th 2022 | Credit Suisse | Upgrade | Outperform | - |
Earnings History & Surprises
PPLEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Feb 12, 2026 | $0.41 | — | — | — |
Q4 2025 | Nov 5, 2025 | $0.46 | $0.48 | +4.4% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $0.39 | $0.32 | -16.9% | ✗ MISS |
Q2 2025 | Apr 30, 2025 | $0.55 | $0.60 | +8.5% | ✓ BEAT |
Q1 2025 | Feb 13, 2025 | $0.37 | $0.34 | -8.1% | ✗ MISS |
Q4 2024 | Nov 1, 2024 | $0.42 | $0.42 | +0.1% | ✓ BEAT |
Q3 2024 | Aug 2, 2024 | $0.33 | $0.38 | +15.6% | ✓ BEAT |
Q2 2024 | May 1, 2024 | $0.50 | $0.54 | +8.0% | ✓ BEAT |
Q1 2024 | Feb 16, 2024 | $0.38 | $0.40 | +5.3% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $0.45 | $0.43 | -4.4% | ✗ MISS |
Q3 2023 | Aug 4, 2023 | $0.32 | $0.29 | -9.4% | ✗ MISS |
Q2 2023 | May 4, 2023 | $0.46 | $0.48 | +4.3% | ✓ BEAT |
Q1 2023 | Feb 17, 2023 | $0.28 | $0.28 | 0.0% | = MET |
Q4 2022 | Nov 4, 2022 | $0.41 | $0.41 | 0.0% | = MET |
Q3 2022 | Aug 3, 2022 | $0.29 | $0.30 | +3.4% | ✓ BEAT |
Q2 2022 | May 5, 2022 | $0.39 | $0.41 | +5.1% | ✓ BEAT |
Q1 2022 | Feb 18, 2022 | $0.32 | $0.22 | -31.3% | ✗ MISS |
Q4 2021 | Nov 4, 2021 | $0.37 | $0.36 | -2.7% | ✗ MISS |
Q3 2021 | Aug 5, 2021 | $0.23 | $0.19 | -17.4% | ✗ MISS |
Latest News
Wells Fargo Maintains Overweight on PPL, Raises Price Target to $45
📈 PositiveJP Morgan Maintains Overweight on PPL, Lowers Price Target to $40
➖ NeutralReported Earlier, PPL Capital Funding Prices $1B Of 3.000% Exchangeable Senior Notes And Expects $988.8M In Net Proceeds
➖ NeutralPPL Capital Funding Intends To Offer $1B Aggregate Principal Amount Of Its Exchangeable Senior Notes Due 2030
➖ NeutralPPL Narrows FY2025 GAAP EPS Guidance from $1.75-$1.87 to $1.78-$1.84 vs $1.69 Est
📈 PositivePPL Q3 Adj. EPS $0.48 Beats $0.46 Estimate, Sales $2.239B Beat $2.194B Estimate
📈 PositivePPL Non-GAAP EPS of $0.48 beats by $0.02, revenue of $2.24B beats by $50M
📈 PositivePPL's Louisville Gas and Electric, Kentucky Utilities Units Receive Kentucky Public Service Commission Approval To Build Two New 645 Megawatts Natural Gas Combined-cycle Units
📈 PositiveWells Fargo Initiates Coverage On PPL with Overweight Rating, Announces Price Target of $43
📈 PositiveBMO Capital Maintains Outperform on PPL, Raises Price Target to $41
📈 PositiveB of A Securities Maintains Buy on PPL, Raises Price Target to $43
📈 PositiveUBS Maintains Neutral on PPL, Raises Price Target to $39
➖ NeutralEvercore ISI Group Initiates Coverage On PPL with Outperform Rating, Announces Price Target of $43
📈 PositiveMorgan Stanley Maintains Overweight on PPL, Lowers Price Target to $38
📈 PositiveFrequently Asked Questions about PPL
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