PPL Misses EPS Estimates, Raises 3-Year Infrastructure Investment Plan To $20 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 13 2025
0mins
Should l Buy PPL?
Source: Benzinga
Financial Performance: PPL Corporation reported fourth-quarter FY24 operating revenue of $2.211 billion, exceeding expectations, but adjusted EPS of 34 cents fell short of the consensus of 37 cents. The company also announced a 6% increase in its quarterly dividend and plans to raise infrastructure investments to $20 billion from 2025 to 2028.
Future Outlook: PPL anticipates EPS growth of $1.75-$1.87 for 2025 and aims for annual EPS and dividend growth of 6% to 8% through at least 2028, alongside targeted operational efficiencies of at least $150 million in 2025.
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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: 37.060
Low
36.00
Averages
40.58
High
45.00
Current: 37.060
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 Electric Seeks Approval for Base Rate Increase to Enhance Reliability
- Rate Adjustment Proposal: PPL Electric has submitted a petition to the Pennsylvania Public Utility Commission seeking approval for a $275 million increase in base distribution rates to support investments in a safe, reliable, and resilient electric system while maintaining affordability for customers.
- Customer Impact: If approved, the new base rates will take effect on July 1, 2026, impacting customer bills, although there will be no further increases for two years following the implementation of the new rates.
- Stakeholder Engagement: The settlement agreement has garnered support from a diverse group of stakeholders, including low-income, residential, and business consumer advocates, with only two parties raising limited objections, indicating a broad consensus.
- Quality of Service Improvement: The rate increase will be directed towards enhancing system reliability, improving customer service, and supporting vital investments for future growth, ensuring safe and dependable electric distribution service for the communities served by PPL Electric.
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PPL Electric Utilities Seeks Rate Increase Approval from PUC
- Rate Adjustment Proposal: PPL Electric Utilities has submitted a petition to the Pennsylvania Public Utility Commission seeking a $275 million increase in base distribution rates, aimed at enhancing the safety and reliability of the electric system, marking the first rate hike since 2016.
- Customer Bill Impact: If approved, residential customers using 1,000 kilowatt-hours per month could see their bills rise by approximately $7.42, while commercial and industrial customers will also experience increases, indicating a broad impact across customer segments.
- Support for Vulnerable Customers: The new settlement includes provisions to enhance support for vulnerable customers by increasing hardship fund bill credits, improving access to assistance programs, and eliminating reconnection fees, thereby aiming to bolster customer affordability.
- Future Investment Commitment: The agreement will establish a new large load customer rate class, providing $11 million in support for the residential low-income program, while ensuring no increase in distribution base rates for two years, thereby promoting long-term economic competitiveness.
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- Implementation Timeline: The proposed changes will be implemented if they receive the necessary approvals before the effective date.
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- Rate Adjustment Proposal: PPL Electric has submitted a petition to the Pennsylvania Public Utility Commission seeking approval for a $275 million increase in base distribution rates to support investments in a safe, reliable, and resilient electric system while maintaining affordability for customers.
- Customer Impact: If approved, the new base rates will take effect on July 1, 2026, impacting customer bills, although there will be no further increases for two years following the implementation of the new rates.
- Stakeholder Engagement: The settlement agreement has garnered support from a diverse group of stakeholders, including low-income, residential, and business consumer advocates, with only two parties raising limited objections, indicating a broad consensus.
- Quality of Service Improvement: The rate increase will be directed towards enhancing system reliability, improving customer service, and supporting vital investments for future growth, ensuring safe and dependable electric distribution service for the communities served by PPL Electric.
See More
PPL Electric Utilities Seeks Rate Increase Approval from PUC
- Rate Adjustment Proposal: PPL Electric Utilities has submitted a petition to the Pennsylvania Public Utility Commission seeking a $275 million increase in base distribution rates, aimed at enhancing the safety and reliability of the electric system, marking the first rate hike since 2016.
- Customer Bill Impact: If approved, residential customers using 1,000 kilowatt-hours per month could see their bills rise by approximately $7.42, while commercial and industrial customers will also experience increases, indicating a broad impact across customer segments.
- Support for Vulnerable Customers: The new settlement includes provisions to enhance support for vulnerable customers by increasing hardship fund bill credits, improving access to assistance programs, and eliminating reconnection fees, thereby aiming to bolster customer affordability.
- Future Investment Commitment: The agreement will establish a new large load customer rate class, providing $11 million in support for the residential low-income program, while ensuring no increase in distribution base rates for two years, thereby promoting long-term economic competitiveness.
See More
PPL Corp's Proposed New Distribution Base Rates Set to Take Effect on July 1, 2026, Pending Approval
- New Distribution Base Rates: New distribution base rates are set to take effect on July 1, 2026, pending approval.
- Implementation Timeline: The proposed changes will be implemented if they receive the necessary approvals before the effective date.
See More
PPL Corp Announces $275 Million Boost in Annual Base Distribution Revenues Through Settlement
Settlement Overview: A settlement has been reached that includes a significant financial component.
Financial Impact: The settlement provides for a $275 million increase in annual base distribution revenues.
See More
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- U.S. Securities Submission: The company also filed its Form 40-F for the year ended December 31, 2025, with the U.S. Securities and Exchange Commission, ensuring compliance and completeness of information disclosure in the North American market.
- Investor Information Access: Shareholders can request printed copies of the audited financial statements and related management discussions free of charge, reflecting the company's focus on shareholder rights and service.
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See More
