PPL Corporation

NYSE: PPL

Stock price

34.99 USD

(+0%) TODAY

Financial Performance

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5Y price score: 27

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 37.8%

DATE RANGE:

US$ Per
Share

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33.1

52-week range

40.1

34.99

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Required return / cost of capital
%
FCFF terminal growth rate
%

Your fair value & Margin of safety

To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

Forecast:

Valuation

Free Cash Flow Yield

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

1.3 %

Dividend Yield TTM

3.5 %

Market cap $

$ 26,333

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

20.7

Price / Book TTM

2.3

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

1

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

(1.2) %

39 %

37.8 %

Free cash flow per share growth

590.6 %

(404.6) %

(32.6) %

Earnings per share growth

20 %

(16.8) %

57.4 %

Founded: 1,920

Employees: 6,653

Business Summary:PPL Corporation functions as a utility holding company, primarily engaged in the distribution of electricity and natural gas throughout both the United States and the United Kingdom. Its operational footprint in the U.S. is segmented into two regulated divisions: one in Kentucky and another in Pennsylvania. In Kentucky, the company supplies electricity to approximately 429,000 customers and natural gas to about 333,000 in the Louisville region and surrounding areas. It also serves an additional 538,000 electric customers across central, southeastern, and western parts of the state. Furthermore, PPL reaches around 28,000 electric customers in five counties located in southwestern Virginia. Its most significant customer base is in Pennsylvania, where it provides electric services to roughly 1.4 million individuals. Beyond mere delivery, PPL is also involved in electricity generation within Kentucky, utilizing a mix of sources including coal, natural gas, hydro, and solar power. The company also sells wholesale electricity to two municipalities in Kentucky. PPL Corporation was established in 1920 and its main office is situated in Allentown, Pennsylvania.

Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q2 (Aug 7, 2026)

1) Q2 2026 Performance Overview - PPL reported ongoing earnings of $0.33 per share, a $0.01 increase from Q2 2025. - Reaffirmed ongoing earnings forecast for 2026 in the range of $1.90 to $1.98 per share, with a midpoint of $1.94. - Capital investments for 2026 are projected at approximately $5 billion, with a long-term investment need of $23 billion through 2029. - Long-term financial targets include 6% to 8% annual EPS growth and 4% to 6% annual dividend growth.

2) Regulatory and Rate Case Updates - Successful rate case settlement in Pennsylvania effective July 1, resulting in a $275 million increase, reflecting less than a 4% increase across rate classes. - In Rhode Island, the first base rate increase in 8 years is expected to be effective September 1, following hearings completed in mid-July. - Kentucky's rate case decision is pending, with a request for reconsideration submitted to the KPSC.

3) Growth Drivers and Data Center Demand - Data center agreements in Pennsylvania increased to 32 gigawatts, with 6.5 gigawatts under construction. - The company is seeing strong economic development in Kentucky, with a potential load growth pipeline of 13.7 gigawatts, primarily from data centers. - PPL's large-load tariffs are designed to protect existing customers while facilitating growth, with significant contributions to low-income assistance starting in 2027.

4) Joint Venture and Future Investments - The Invitium Energy joint venture is progressing, with plans for 8 to 14 gigawatts of new generation capacity. - Expected investments from the joint venture could reach $12.5 billion to $15 billion through 2032. - Earnings contributions from the joint venture are not expected to be material until 2030, with potential for earlier contributions from batteries or shorter-lead-time technologies.

5) Outlook and Strategic Initiatives - PPL is focused on maintaining a strong balance sheet and credit profile while executing its capital plan. - The company is engaging with local communities to ensure responsible development of data centers and infrastructure. - Future guidance updates may consider longer planning windows due to the evolving landscape of generation and regulatory frameworks.

Bottom line: PPL is executing its strategic plan effectively, reaffirming its earnings outlook while positioning itself for future growth through regulatory successes and strong demand in data centers. The joint venture with Blackstone presents significant long-term upside, although material earnings contributions are not expected until 2030.

Annual Reports, Presentations And IR Contacts

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PPL Corporation — Financial Overview, Stock Price, Market Cap

PPL Corporation is a company. Founded in 1920. As of August 26, 2026, the company's market capitalization is $26332679027 with a current stock price of $34.99.