PPL Corp Q3 revenue rises on higher utility rates, demand
Overview
U.S. regulated utility's Q3 reported EPS rose to $0.49 from $0.43 yr/yr
Ongoing Q3 EPS increased to $0.54 from $0.48 a year ago
Q3 revenue rose 12% yr/yr
Outlook
PPL narrows 2026 ongoing EPS forecast to $1.92-$1.96, expects at least $1.94 midpoint
Company sees 2027 EPS at $2.06-$2.14, midpoint $2.10, up 8.2% from 2026
PPL raises long-term annual EPS growth target to 7%-9% through at least 2030
Result Drivers
KENTUCKY RETAIL RATES - Higher retail rates and increased sales volumes drove earnings in Kentucky, partially offset by higher costs and depreciation
PENNSYLVANIA BASE RATES - Higher distribution base rates and transmission revenue from capital investments boosted Pennsylvania segment earnings, offset by increased costs
RHODE ISLAND BASE RATES - New gas and electric distribution base rates and higher rider revenue supported Rhode Island segment, offset by higher costs and depreciation
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | $0.49 |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)