PPL Corporation reported first quarter 2026 operating revenues of $2.77 billion and ongoing earnings of $0.63 per share, up from $0.60 per share in the prior-year period. The company reaffirmed its full-year 2026 ongoing EPS guidance and its long-term growth targets.
Key Highlights
- Management reaffirmed its full-year 2026 ongoing earnings forecast of $1.90 to $1.98 per share and its annual EPS growth target of 6% to 8% through at least 2029.
- The Kentucky Regulated segment's ongoing earnings increased by $0.03 per share year-over-year, primarily driven by higher retail rates that became effective on January 1, 2026.
- PPL remains on track to complete $5.1 billion in infrastructure investments during 2026 to modernize its electric and gas networks.
- In Pennsylvania, the company reached a settlement agreement in its first base rate case in over 10 years, with new rates expected to be effective July 1, 2026, pending commission approval.