PPL Corporation Earnings Recaps
Q3 2025
Nov 6, 2025
PPL Corporation reported a solid third quarter with adjusted earnings of $0.48 per share, signaling a positive trajectory as it narrows its full-year earnings forecast. The company remains committed to significant infrastructure investments and maintaining its strong credit profile.
Key takeaways
- Q3 GAAP earnings were $0.43 per share, with ongoing operations earnings at $0.48 per share; full-year earnings forecast narrowed to $1.78–$1.84 per share.
- PPL is undertaking $4.3 billion in infrastructure investments for the year, critical for future reliability and energy sustainability.
- The company anticipates 6% to 8% annual growth in EPS and dividends through at least 2028, with a focus on top-half EPS growth.
- Successful regulatory developments in Kentucky include a proposed $235 million revenue increase and new cost recovery mechanisms to support infrastructure investments.
- PPL projects a strong credit profile, maintaining an FFO to debt ratio of 16% to 18% and a holding company debt ratio below 25%.