PPL CorporationNYSE: PPL
Utilities · Electric Utilities
$37.65
+0.55%
Vol: 8.9M
Research Digest
Friday, May 1, 2026
PPL Corp Q1 2026 earnings call scheduled May 8; analysts forecast $0.61 EPS on utility growth strategy
PPL Corporation will report Q1 2026 consolidated earnings on May 8 with analyst consensus expecting $0.61 EPS (+1.67% YoY) and $2.62 billion revenue. The utility company owns/operates transmission, distribution and generation facilities plus natural gas distribution across Pennsylvania, Kentucky and Rhode Island serving 3.6M customers. Stock down 3.2% recently but analysts maintain Hold rating (Zacks Rank #3). Recent analyst actions include BofA lowering PT to $42, Morgan Stanley to $43, Wells Fargo raising to $43. 5-7% CAGR EBITDA/share growth targeted through 2030.
Previous Market Intelligence
13 daysApr 30PPL Corporation reiterated 5-7% EBITDA CAGR guidance through 2030, with Rhode Island unit cutting summer power rates 16% to support customer affordability.Neutral▶
PPL Corporation maintains strategic focus on growth through its 3Cs strategy while supporting customer affordability through regulatory rate actions. Rhode Island unit announced 16% summer power rate reduction. First-quarter 2026 earnings will release May 8. Recent analyst activity shows mixed sentiment: Bank of America lowered target to $42 from $43, Morgan Stanley cut to $43 from $44, while Wells Fargo raised to $43 from $41 (April 21). Company anticipates 5-7% CAGR adjusted EBITDA per share through 2030. In November 2025, PPL issued $1B of 3% Exchangeable Notes due 2030 for debt repayment. Dividend of $0.2725 per share paid January 2, 2026.
Apr 29PPL raised $1.0B in exchangeable notes for debt repayment; analysts raised guidance ahead of May 8 earnings; Rhode Island cuts summer rates by 16%.Positive▶
PPL Capital Funding issued $1.0B of Exchangeable Senior Notes due 2030 to repay short-term debt. Multiple analysts adjusted price targets upward in late April, with Wells Fargo raising to $43 from $41. The company anticipates 5-7% compound annual growth in adjusted EBITDA per share through 2030. Rhode Island utility unit cutting summer power rates by 16%. Accenture and Apptio announced expanded partnership for technology financial management platform to support PPL's transition to cloud and advanced analytics.
Apr 16Jefferies raises PT to $48 on strong momentum; PPL updates FY 2026 guidance with 4.6% dividend increase supporting growth strategy.Positive▶
PPL Corporation demonstrated strong operational momentum with Jefferies raising price target to $48 from $40 on April 13 while maintaining buy rating, followed by Barclays increasing target from $40 to $41 on April 8. Company updated FY 2026 EPS guidance at 1.900-1.980 range and increased quarterly dividend by 4.6% to $0.2850 per share payable April 1, signaling confidence in earnings power and cash flow generation. Stock gained 15.09% over last 90 days and delivered 20.10% total shareholder return past year on strategic 3Cs growth focus with 5-7% compound annual EBITDA per share growth through 2030. Rhode Island unit reduced summer power rates by 16%, improving customer value proposition and regulatory relationships.
Apr 15PPL raises dividend 4.6% to $0.285 per share, updates 2026 EPS guidance to $1.90-$1.98; Jefferies raises price target to $48.Positive▶
PPL Corporation announced a 4.6% increase in quarterly dividend to $0.285 per share. The company updated 2026 earnings guidance to $1.90-$1.98 EPS. Jefferies raised price target to $48 from $40 while maintaining Buy rating. Barclays also increased target from $40 to $41. PPL is focusing on its 3Cs growth strategy while its Rhode Island unit cut summer power rates by 16%.
Apr 14PPL Corp raised FY26 EPS guidance to $1.90-$1.98 and hiked dividend 4.6%; $23B capex plan drives 10.3% rate base growth through 2029.Positive▶
PPL Corporation raised FY26 EPS guidance to $1.90-$1.98 and increased quarterly dividend by 4.6% to $0.2850/share. The utility updated capex plan to $23B (2026-2029), targeting 10.3% annual rate base growth. 2025 ongoing EPS grew 7.1% to $1.81. Analyst consensus is Strong Buy.
Apr 13PPL raised 2026 EPS guidance to $1.90-$1.98 and expanded capital plan to $23B while Rhode Island cuts summer rates by 16%.Positive▶
PPL backs 2026 EPS view of $1.90-$1.98, 7.2% growth midpoint. Raised capital plan to $23B for 2026-2029 targeting 10.3% average annual rate base growth. Rhode Island unit cut summer power rates by 16%. Announced 4.6% dividend increase to $0.2850 quarterly. Barclays raised price target to $41 from $40 on April 7. 2026 consensus EPS forecast is $1.95, with Q1 2026 earnings report pending.
Apr 10PPL stock reaches 52-week high at $39.09; Barclays raises target to $41Positive▶
PPL Corporation hit 52-week high of $39.09. Barclays raised target to $41 on April 7. Filed joint settlement with Pennsylvania PUC for first base distribution rate increase since 2016.
Apr 9PPL extends EPS growth targets through 2029 on regulated utility momentum; FERC adopts new ROE methodologyPositive▶
PPL Corporation reported 2025 GAAP earnings of $1.59 per share and extended EPS growth targets through 2029. On March 13, shares rose 1.2% after filing a joint settlement seeking first base distribution rate increase since 2016, with FERC adopting new ROE methodology on March 24 supporting regulated utility fundamentals.
Apr 8PPL focuses on 3Cs growth strategy with Rhode Island unit cutting summer power rates by 16%.Neutral▶
PPL targeting 5-7% CAGR in adjusted EBITDA per share through 2030. Rhode Island subsidiary reduced summer power rates 16%. Priced $1B 3.0% Exchangeable Senior Notes. Morgan Stanley initiated Buy.
Apr 7Morgan Stanley issues Buy rating on PPL; FY26 EPS guidance reaffirmed at $1.90-$1.98.Positive▶
PPL Corporation received a Buy rating from Morgan Stanley on March 23, 2026. The company maintains FY26 EPS guidance of $1.90-$1.98, with consensus at $1.95. PPL backs its full-year earnings targets while continuing dividend operations. This analyst upgrade reflects confidence in the utility's regulated operations across Kentucky, Pennsylvania, and Rhode Island segments.
Apr 6PPL Corporation reports 2025 earnings growth with extended EPS guidance through 2029Positive▶
PPL Corporation reported 2025 GAAP earnings of $1.18 billion ($1.59 per share) vs. 2024 earnings of $888 million ($1.20 per share). The company provided business plan update through 2029, extending EPS growth targets. PPL reaffirmed 2026 EPS guidance of $1.90-1.98 (consensus $1.95). The company announced plans to sell 20 million equity units in public offering. PPL's 2026 Annual Meeting of Shareowners scheduled for May 13. FERC adopted new ROE methodology on March 24, 2026.
Apr 3PPL extends EPS growth targets through 2029 and completes $529M equity unit offering to fund capital investments.Positive▶
PPL Corporation extended its business plan through 2029 with updated EPS growth targets. The company completed a $529 million equity unit offering to raise capital. PPL Electric reached a settlement with the Pennsylvania PUC over rate increase requests. J.P. Morgan maintained Buy while BMO Capital raised its price target to $42 with Outperform rating.
Apr 2PPL Electric reaches Pennsylvania rate settlement amid strong EPS growth guidancePositive▶
PPL Corporation reported 2025 earnings of $1.59 per share, up from $1.20 in 2024, and extended earnings growth targets through 2029. The company secured a rate increase settlement with Pennsylvania PUC in March 2026 to fund grid upgrades. Analyst upgrades continued with BMO Capital raising price target to $42 and Mizuho to $40 on March 16. J.P. Morgan reaffirmed Buy rating. The company serves 3.5 million customers across three segments.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| PPLPPL | $37.65 | +0.55% | -3.3% | 17.7x | 0.68 | $28.2B |
| CEGCONSTELLATION | $308.34 | -1.49% | +13.8% | 22.8x | 1.19 | $113.4B |
| SOSOUTHERN | $97.02 | +0.33% | -0.3% | 19.6x | 0.41 | $109.0B |
| DUKDUKE | $128.89 | -0.51% | -1.4% | 18.1x | 0.45 | $100.8B |
| AEPAMERICAN | $137.20 | +0.06% | +3.6% | 19.9x | 0.57 | $74.5B |
| ETRENTERGY | $116.83 | -0.92% | +2.9% | 23.6x | 0.56 | $54.0B |
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