PPL
PPL Corporation33.98
-0.28-0.82%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A colors JV progress, PA case
Q&A delivered reassuring color on Pennsylvania rate case, where one-day hearings fixated on data center impacts—transmission-tied, not distribution—yet management sees constructive settlement talks or litigation strength. Blackstone JV advanced with multi-GW Pennsylvania land parcels, turbine negotiations progressing, and faster alternative generation eyeing 2028-29 online dates. Hyperscalers ramped urgency for new build amid PJM shortages, praising PA reliability with no pullouts despite near-term load delays. Upside levers drew no quantification. Management dodged JV scale specifics. Confident tone prevails; watch contracts and June PA decision.
Key Stats
Market Cap
25.14BP/E (TTM)
23.12Basic EPS (TTM)
1.47Dividend Yield
0.03%Recent Filings
8-K
8-K
8-K
Rate case settlement reached
PPL Electric Utilities reached a non-unanimous settlement in principle on March 5, 2026, in its Pennsylvania PUC distribution rate case filed September 30, 2025. The deal, backed by most stakeholders but opposed by two on peak load issues, supports safe grid investments while prioritizing affordability. PUC approval remains pending by Q2 2026 end. Outcome uncertain.
8-K
PPL closes $1.15B equity units
PPL Corporation completed a $1.15 billion equity units offering on February 26, 2026, issuing 23 million Corporate Units at $50 each after full over-allotment exercise. Each unit bundles stock purchase contracts mandating common stock buys by February 15, 2029, backed by collateralized 4.02% RSNs due 2034 and 2039, yielding 7.00% annual distributions. RSNs are remarketable. Funds use not specified.
8-K
PPL beats EPS, eyes 7%+ growth
PPL reported 2025 GAAP earnings of $1.59 per share, with ongoing operations at $1.81 per share, up 7.1% from 2024. It forecasts 2026 ongoing EPS of $1.90-$1.98 and extends 6%-8% annual growth through 2029, backed by $23B capex driving 10.3% rate base growth. Dividend rises to $0.2850 quarterly. Growth demands $3B equity.
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