Earnings summaries and quarterly performance for PPL.
Executive leadership at PPL.
Vincent Sorgi
Detailed
President and Chief Executive Officer
CEO
David Bonenberger
Detailed
Executive Vice President and Chief Operating Officer-Utilities
Dean Del Vecchio
Detailed
Executive Vice President and Chief Technology & Innovation Officer
Joseph Bergstein Jr.
Detailed
Executive Vice President and Chief Financial Officer
Lonnie Bellar
Detailed
Executive Vice President-Engineering, Construction and Generation
Wendy Stark
Detailed
Executive Vice President-Utilities and Chief Legal Officer
Board of directors at PPL.
Research analysts who have asked questions during PPL earnings calls.
Jeremy Tonet
JPMorgan Chase & Co.
7 questions for PPL
Also covers: AEE, AEP, AM +45 more
Paul Zimbardo
Jefferies Financial Group Inc.
7 questions for PPL
Also covers: ATO, AWK, CEG +9 more
David Paz
Wolfe Research, LLC
5 questions for PPL
Also covers: AEE, AEP, D +4 more
Angie Storozynski
Seaport Research Partners
4 questions for PPL
Also covers: AGR, AWK, CEG +8 more
Shahriar Pourreza
Guggenheim Partners
4 questions for PPL
Also covers: AEE, AEP, AVA +29 more
Agnieszka Storozynski
BofA Securities
3 questions for PPL
Also covers: AES, AGR, AWK +11 more
Anthony Crowdell
Mizuho Financial Group
3 questions for PPL
Also covers: AEE, AEP, AES +30 more
Bill Appicelli
UBS
2 questions for PPL
Also covers: CNP, ETR, NEE +4 more
Durgesh Chopra
Evercore ISI
2 questions for PPL
Also covers: AEE, AEP, AES +22 more
Steve Fleishman
Wolfe Research, LLC
2 questions for PPL
Also covers: AEP, CEG, CNP +11 more
David Arcaro
Morgan Stanley
1 question for PPL
Also covers: AEP, AES, ATO +32 more
Gregg Orrill
UBS Group AG
1 question for PPL
Also covers: AWK, CMS, EIX +4 more
Ian Rapp
Bank of America Merrill Lynch
1 question for PPL
Also covers: AWR
James Kennedy
Marathon Microfinder
1 question for PPL
Also covers: CLIR, D, ES +2 more
Paul Patterson
Glenrock Associates
1 question for PPL
Also covers: AEE, ES, ETR +7 more
Recent press releases and 8-K filings for PPL.
PPL’s Rhode Island Energy Files First Comprehensive Rate Review Since 2017
PPL
- On November 26, 2025, Rhode Island Energy, a PPL subsidiary, filed with the Rhode Island Public Utilities Commission its first comprehensive electric and gas distribution rate review since 2017, with new rates proposed to take effect September 1, 2026 if approved.
- The two-year rate plan seeks to collect $180.7 million of additional operating revenue in year 1 and $49.4 million in year 2, based on a historical test year of September 1, 2024–August 31, 2025 and a requested 10.75% ROE.
- The proposal focuses on system reliability investments (e.g., gas pipe replacements, grid modernization), customer experience enhancements (new billing systems, improved self-service tools), and affordability measures (redesigned low-income discount).
- If approved, the average residential electric customer (500 kWh/month) would see an increase of $7.78 (4.83%) per month, and the typical gas heating customer (845 therms/year) an increase of $343.53 (20.60%) per year (~$28.63/month).
Nov 26, 2025, 2:26 PM
PPL Corporation issues $1.15 billion of 3.000% exchangeable senior notes due 2030
PPL
Debt Issuance
- On November 24, 2025, PPL Capital Funding, Inc., a wholly owned subsidiary of PPL Corporation, issued $1.15 billion aggregate principal amount of 3.000% Exchangeable Senior Notes due 2030, including $150 million purchased upon full exercise of the initial purchaser option.
- The Notes are senior, unsecured obligations of the Issuer, fully guaranteed by PPL Corporation, bear 3.000% interest per year payable semiannually beginning June 1, 2026, and mature on December 1, 2030.
- They are initially exchangeable at 23.4412 shares of common stock per $1,000 principal (equivalent to an exchange price of ~$42.66/share, a 20% premium to the $35.55 NYSE closing price on November 19, 2025).
- Net proceeds of $1.14 billion, after discounts and commissions, will be used to repay short-term debt and for general corporate purposes.
Nov 24, 2025, 9:43 PM
PPL Capital Funding prices $1bn 3.0% exchangeable notes due 2030
PPL
Debt Issuance
- PPL Capital Funding, Inc., wholly owned by PPL Corp, priced $1.0 billion of 3.000% Exchangeable Senior Notes due 2030, fully and unconditionally guaranteed by PPL Corporation.
- The notes pay 3.000% interest semi-annually and are exchangeable at an initial rate of 23.4412 shares per $1,000 principal (approx. $42.66/share, a 20% premium to PPL’s $35.55 close on NYSE on Nov 19, 2025).
- Expected settlement on November 24, 2025, yielding net proceeds of about $988.8 million, earmarked for short-term debt repayment and general corporate purposes.
- Initial purchasers have a 13-day option to purchase up to an additional $150 million of the notes.
Nov 20, 2025, 12:21 PM
PPL Capital Funding prices $1 B of 3.000% exchangeable notes due 2030
PPL
Debt Issuance
- PPL Capital Funding, a subsidiary of PPL Corporation, priced $1 billion aggregate principal amount of 3.000% Exchangeable Senior Notes due 2030, with an option for up to $150 million additional notes.
- The notes are senior unsecured obligations guaranteed by PPL, bearing interest at 3.000%, payable semi-annually on June 1 and December 1, beginning June 1, 2026.
- They are exchangeable into 23.4412 shares of PPL common stock per $1,000 principal (exchange price ≈ $42.66/share), reflecting a 20% premium to the Nov 19, 2025 share price.
- Net proceeds are intended to repay short-term debt and for general corporate purposes.
Nov 20, 2025, 1:22 AM
PPL Corp proposes $1 billion exchangeable notes offering
PPL
Debt Issuance
- PPL Capital Funding, Inc., a wholly-owned subsidiary of PPL Corporation (NYSE: PPL), intends a private placement of $1.0 billion in senior exchangeable notes due 2030, with an option for purchasers to buy an additional $150 million.
- The notes will be senior, unsecured obligations of PPL Capital Funding, fully and unconditionally guaranteed by PPL Corporation, accrue semi-annual interest, and mature on December 1, 2030.
- Redemption is not permitted before December 5, 2028; thereafter, PPL Capital Funding may redeem the notes at 100% of principal if the common stock trades at least 130% of the exchange price for 20 of 30 consecutive trading days.
- Proceeds are to be used to repay short-term debt and for general corporate purposes.
Nov 19, 2025, 12:21 PM
PPL Capital Funding announces $1 billion exchangeable senior notes offering
PPL
Debt Issuance
- PPL Capital Funding plans to privately place $1 billion aggregate principal of Exchangeable Senior Notes due 2030, with an option for purchasers to acquire up to an additional $150 million.
- The notes are senior, unsecured obligations fully and unconditionally guaranteed by PPL Corporation, accrue interest semi-annually, and mature on December 1, 2030.
- Notes are exchangeable, subject to conditions, for cash, PPL common stock, or a combination thereof; PPL may redeem them on or after December 5, 2028, if the stock trades at 130% of the exchange price over specified periods.
- Holders can require PPL Capital Funding to repurchase notes upon a fundamental change at 100% of principal plus accrued interest; net proceeds will repay short-term debt and support general corporate purposes.
Nov 19, 2025, 11:50 AM
Pembina reports Q3 2025 results and business update
PPL
Earnings
Guidance Update
New Projects/Investments
- Pembina reported third quarter 2025 earnings of $286 million, adjusted EBITDA of $1.034 billion, and adjusted cash flow from operations of $648 million ($1.12/share).
- Updated full-year 2025 adjusted EBITDA guidance to $4.25 billion–$4.35 billion, narrowed from $4.225 billion–$4.425 billion.
- Secured renewal and addition of approximately 50,000 bpd on the Peace Pipeline under ≈10-year contracts, and extended 96% of Alliance Pipeline’s firm capacity with a new 10-year toll.
- Advancing over $1 billion of proposed pipeline expansions to meet rising demand from the Montney, Duvernay, and Deep Basin plays.
- Entered a 20-year agreement with PETRONAS for 1.0 mtpa of capacity at the Cedar LNG facility, with the remaining 0.5 mtpa to be remarketed by year-end 2025.
Nov 6, 2025, 10:01 PM
PPL reports Q3 2025 results and updates guidance
PPL
Earnings
Guidance Update
New Projects/Investments
- PPL delivered GAAP EPS of $0.43 and adjusted EPS of $0.48 in Q3 2025, and narrowed its 2025 ongoing EPS guidance to $1.78–$1.84 per share, midpoint $1.81.
- LG&E and KU reached a proposed Kentucky base rate settlement, reflecting an aggregate $235 million annual revenue increase and a 9.9% authorized ROE with rate-stay-out through August 2028 ; the companies also received CPCN approval to build two new 645 MW NGCC units (Brown 12 & Mill Creek 6).
- PPL Electric Utilities filed for its first Pennsylvania distribution base rate increase in over a decade, requesting $300 million (8.6%) net revenue growth and an 11.3% ROE, with new rates effective July 1, 2026.
- The Pennsylvania data center pipeline advanced to 20.5 GW (up >40% since last update), driving at least $1 billion of incremental transmission CapEx.
- Kentucky’s economic development pipeline totals just under 10 GW, with probability-weighted demand projections now at 2.8 GW, indicating further generation investment needs.
Nov 5, 2025, 4:00 PM
PPL reports Q3 2025 earnings and regulatory updates
PPL
Earnings
Guidance Update
New Projects/Investments
- PPL delivered Q3 GAAP EPS of $0.43 and ongoing EPS of $0.48, and narrowed its 2025 ongoing earnings guidance to $1.78–$1.84 (midpoint $1.81).
- On track to complete $4.3 billion in infrastructure improvements in 2025 and plans $20 billion of capital investments from 2025–2028, targeting 9.8% average annual rate-based growth.
- Secured a Kentucky rate case settlement adding $235 million in annual revenues with an authorized 9.9% ROE and stay-out through August 1, 2028, and received CPCN approval for two 645 MW natural gas combined cycle units and Ghent 2 SCR installation.
- Filed a Pennsylvania distribution rate case requesting $300 million (8.6%) base rate increase with a forecasted 11.3% ROE, expecting a decision by Q2 2026 and new rates effective July 1, 2026.
- Advanced-stage data center interconnection agreements in Pennsylvania jumped from 14.4 GW to 20.5 GW, with incremental related CapEx of ~$1 billion.
Nov 5, 2025, 4:00 PM
PPL reports Q3 2025 earnings and updates guidance
PPL
Earnings
Guidance Update
New Projects/Investments
- Q3 2025 GAAP EPS of $0.43 and ongoing EPS of $0.48, driven by formula rates, rider recoveries and lower operating costs (YoY +$0.06).
- Narrowed full-year 2025 ongoing EPS forecast to $1.78–1.84 per share (midpoint $1.81) from $1.75–1.87, reaffirming ability to hit the midpoint.
- On track to complete $4.3 billion of capital investments in 2025 and achieve at least $150 million of cumulative O&M savings to support reliability and affordability.
- Reaffirmed long-term financial targets: 6–8% annual EPS and dividend growth and 16–18% FFO/CFO to debt through 2028, underpinned by a $20 billion capex plan driving ~9.8% annual rate base growth.
Nov 5, 2025, 4:00 PM
Quarterly earnings call transcripts for PPL.
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