Quarterly ResultMay 8, 2026, 07:57 AM
PPL Q1 Ongoing EPS $0.63; Reaffirms 2026 Guidance
AI Summary
PPL Corporation announced solid first-quarter 2026 financial results, with GAAP earnings of $0.60 per share and ongoing earnings of $0.63 per share, both showing an increase from the prior year. The company reaffirmed its 2026 ongoing earnings forecast of $1.90 to $1.98 per share and its long-term annual EPS growth target of 6% to 8% through at least 2029. PPL also highlighted significant progress on regulatory processes in Pennsylvania and Rhode Island, along with planned $5.1 billion in infrastructure investments for 2026.
Key Highlights
- PPL Q1 2026 GAAP earnings were $0.60 per share, up from $0.56 in Q1 2025.
- Q1 2026 ongoing earnings were $0.63 per share, up from $0.60 in Q1 2025.
- Company reaffirmed 2026 ongoing EPS forecast of $1.90 to $1.98, midpoint $1.94.
- Reaffirmed annual EPS growth target of 6% to 8% through at least 2029.
- PPL plans $5.1 billion in 2026 infrastructure investments.
- Pennsylvania Electric Utilities reached a settlement in its base rate case.
- Rhode Island Energy received approval for over $330 million in infrastructure plans.
- Kentucky Regulated segment Q1 ongoing EPS increased to $0.33 from $0.30 YoY.