PPL Corp Confirms Annual EPS Growth Goal of 6% to 8% Through 2029, Anticipating Compound Annual Growth Near Upper Limit of Target Range
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy PPL?
Source: moomoo
- Annual Growth Target: P Corporation reaffirms its annual growth target of 6% to 8% through at least 2029.
- Compound Annual Growth: The company expects compound annual growth to be near the top end of the target range.
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Analyst Views on PPL
Wall Street analysts forecast PPL stock price to rise
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 36.770
Low
36.00
Averages
40.58
High
45.00
Current: 36.770
Low
36.00
Averages
40.58
High
45.00
About PPL
PPL Corporation is an energy company. The Company is focused on providing electricity and natural gas in the United States. The Company operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The Kentucky Regulated segment consists primarily of the regulated electricity generation, transmission and distribution operations conducted by Louisville Gas & Electric Company (LG&E) and Kentucky Utilities Company (KU), as well as LG&E's regulated distribution and sale of natural gas. LG&E and KU are engaged in the regulated generation, transmission, distribution and sale of electricity in Kentucky and, in KU's case, also Virginia. The Pennsylvania Regulated segment includes the regulated electricity transmission and distribution operations of PPL Electric. The Rhode Island Regulated segment includes the regulated electricity transmission and distribution operations and regulated distribution and sale of natural gas conducted by RIE.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PPL Corporation Q1 2026 Earnings Call Highlights
- Strong Financial Performance: PPL Corporation reported Q1 2026 GAAP earnings of $0.60 per share, up from $0.56 in Q1 2025, indicating ongoing financial health that is likely to boost investor confidence.
- Investment Plans on Track: The company reaffirmed its planned investments of approximately $5.1 billion for 2026 and projected about $23 billion in capital investments through 2029, resulting in an average annual rate base growth of 10.3%, laying a solid foundation for future business expansion.
- Significant Project Progress: In PPL Electric Utilities' territory, projects in advanced planning stages now total 28.3 gigawatts, a 12% increase from the year-end update, with about 10 gigawatts having signed energy supply agreements and 5 gigawatts already under construction, indicating strong market demand momentum.
- Clear Long-term Growth Targets: Management reaffirmed its ongoing earnings guidance for 2026 at $1.90 to $1.98 per share and plans for annual dividend growth of 4% to 6%, demonstrating the company's commitment to future financial stability and shareholder returns.
See More
PPL (PPL) Q1 2026 Earnings Call Transcript
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PPL REPORTS NEARLY 12 GIGAWATTS OF ACTIVE DATA CENTER DEMAND REQUESTS – CONFERENCE CALL
- Data Center Demand: There is a significant demand for data centers, with requests for nearly 12 gigawatts of capacity.
- Active Requests: The current market shows active requests for data center services, indicating a growing need for infrastructure in this sector.
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PPL Reports Q1 Earnings Exceeding Expectations
- Earnings Beat: PPL's Q1 non-GAAP EPS of $0.63 surpassed expectations by $0.01, indicating strong profitability in a stable utility market.
- Significant Revenue Growth: The company reported Q1 revenue of $2.77 billion, a 10.8% year-over-year increase, exceeding market expectations by $170 million, reflecting successful business expansion and customer base growth.
- Annual Growth Target Reaffirmed: PPL reaffirmed its annual EPS growth target of 6% to 8% through at least 2029, with expected compound annual growth near the top end of this range, showcasing confidence in future growth.
- Positive Market Outlook: With an upgrade from Barclays, PPL is positioned favorably for the upcoming Pennsylvania rate case, potentially leading to additional revenue growth opportunities for the company.
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PPL Corporation Reports Strong Q1 2026 Earnings and Reaffirms Guidance
- Strong Financial Performance: PPL Corporation reported Q1 2026 earnings of $452 million, or $0.60 per share, representing a 9% and 7% increase from Q1 2025's $414 million and $0.56 per share, indicating robust growth in ongoing operations.
- Ongoing Operations Earnings Growth: Adjusted earnings from ongoing operations reached $478 million, or $0.63 per share, up 8% and 5% from last year's $444 million and $0.60 per share, reflecting effective strategies in infrastructure investment and customer service enhancement.
- Infrastructure Investment Plans: PPL aims to complete $5.1 billion in infrastructure investments in 2026 to strengthen electric and gas networks while building new generation resources in Kentucky, which is expected to improve customer service quality and maintain affordability.
- Guidance Reaffirmation: PPL reaffirmed its 2026 earnings forecast range of $1.90 to $1.98 per share, with an anticipated annual growth rate of 6% to 8%, laying a solid foundation for long-term growth through 2029, particularly amid rising demand for data centers.
See More
PPL Corporation Reports Strong Q1 2026 Earnings and Reaffirms Guidance
- Strong Financial Performance: PPL Corporation reported Q1 2026 net income of $452 million, or $0.60 per share, reflecting a 9% increase in net income and a 7% rise in earnings per share compared to Q1 2025, indicating robust financial and operational results.
- Ongoing Earnings Guidance: The company reaffirmed its ongoing earnings forecast for 2026 at $1.90 to $1.98 per share, with a midpoint of $1.94, and projected annual EPS growth of 6% to 8% through at least 2029, demonstrating confidence in future growth.
- Infrastructure Investment Plans: PPL plans to complete $5.1 billion in infrastructure investments in 2026 to strengthen and modernize its electric and gas networks while enhancing customer service and maintaining affordability, showcasing a commitment to long-term development.
- Regulatory Progress: In Pennsylvania, PPL Electric Utilities reached a settlement agreement in its base rate case, expected to take effect on July 1, 2026, which will improve customer affordability and enhance the company's competitive position in the market.
See More
PPL Corporation Q1 2026 Earnings Call Highlights
- Strong Financial Performance: PPL Corporation reported Q1 2026 GAAP earnings of $0.60 per share, up from $0.56 in Q1 2025, indicating ongoing financial health that is likely to boost investor confidence.
- Investment Plans on Track: The company reaffirmed its planned investments of approximately $5.1 billion for 2026 and projected about $23 billion in capital investments through 2029, resulting in an average annual rate base growth of 10.3%, laying a solid foundation for future business expansion.
- Significant Project Progress: In PPL Electric Utilities' territory, projects in advanced planning stages now total 28.3 gigawatts, a 12% increase from the year-end update, with about 10 gigawatts having signed energy supply agreements and 5 gigawatts already under construction, indicating strong market demand momentum.
- Clear Long-term Growth Targets: Management reaffirmed its ongoing earnings guidance for 2026 at $1.90 to $1.98 per share and plans for annual dividend growth of 4% to 6%, demonstrating the company's commitment to future financial stability and shareholder returns.
See More
PPL (PPL) Q1 2026 Earnings Call Transcript
See More
PPL REPORTS NEARLY 12 GIGAWATTS OF ACTIVE DATA CENTER DEMAND REQUESTS – CONFERENCE CALL
- Data Center Demand: There is a significant demand for data centers, with requests for nearly 12 gigawatts of capacity.
- Active Requests: The current market shows active requests for data center services, indicating a growing need for infrastructure in this sector.
See More
PPL Reports Q1 Earnings Exceeding Expectations
- Earnings Beat: PPL's Q1 non-GAAP EPS of $0.63 surpassed expectations by $0.01, indicating strong profitability in a stable utility market.
- Significant Revenue Growth: The company reported Q1 revenue of $2.77 billion, a 10.8% year-over-year increase, exceeding market expectations by $170 million, reflecting successful business expansion and customer base growth.
- Annual Growth Target Reaffirmed: PPL reaffirmed its annual EPS growth target of 6% to 8% through at least 2029, with expected compound annual growth near the top end of this range, showcasing confidence in future growth.
- Positive Market Outlook: With an upgrade from Barclays, PPL is positioned favorably for the upcoming Pennsylvania rate case, potentially leading to additional revenue growth opportunities for the company.
See More
PPL Corporation Reports Strong Q1 2026 Earnings and Reaffirms Guidance
- Strong Financial Performance: PPL Corporation reported Q1 2026 earnings of $452 million, or $0.60 per share, representing a 9% and 7% increase from Q1 2025's $414 million and $0.56 per share, indicating robust growth in ongoing operations.
- Ongoing Operations Earnings Growth: Adjusted earnings from ongoing operations reached $478 million, or $0.63 per share, up 8% and 5% from last year's $444 million and $0.60 per share, reflecting effective strategies in infrastructure investment and customer service enhancement.
- Infrastructure Investment Plans: PPL aims to complete $5.1 billion in infrastructure investments in 2026 to strengthen electric and gas networks while building new generation resources in Kentucky, which is expected to improve customer service quality and maintain affordability.
- Guidance Reaffirmation: PPL reaffirmed its 2026 earnings forecast range of $1.90 to $1.98 per share, with an anticipated annual growth rate of 6% to 8%, laying a solid foundation for long-term growth through 2029, particularly amid rising demand for data centers.
See More
PPL Corporation Reports Strong Q1 2026 Earnings and Reaffirms Guidance
- Strong Financial Performance: PPL Corporation reported Q1 2026 net income of $452 million, or $0.60 per share, reflecting a 9% increase in net income and a 7% rise in earnings per share compared to Q1 2025, indicating robust financial and operational results.
- Ongoing Earnings Guidance: The company reaffirmed its ongoing earnings forecast for 2026 at $1.90 to $1.98 per share, with a midpoint of $1.94, and projected annual EPS growth of 6% to 8% through at least 2029, demonstrating confidence in future growth.
- Infrastructure Investment Plans: PPL plans to complete $5.1 billion in infrastructure investments in 2026 to strengthen and modernize its electric and gas networks while enhancing customer service and maintaining affordability, showcasing a commitment to long-term development.
- Regulatory Progress: In Pennsylvania, PPL Electric Utilities reached a settlement agreement in its base rate case, expected to take effect on July 1, 2026, which will improve customer affordability and enhance the company's competitive position in the market.
See More
