PPL Corporation Q4 EPS Misses by 2.4%, Revenue Up 2.8% to $2.27B
PPL Corporation reported Q4 operating EPS of $0.41, missing estimates by 2.4%, while GAAP EPS rose to $0.36 due to a $0.05 special-items headwind. Revenues climbed 2.8% year-over-year to $2.27 billion, yet trailed consensus by 2.7%.
1. Q4 Earnings Performance
PPL Corporation reported Q4 2025 operating earnings of $0.41 per share, a 2.4% miss versus consensus, while GAAP EPS was $0.36, supported by a $0.05 per share special-item adjustment. Full-year operating EPS rose 7.1% to $1.81 from $1.69 in 2024.
2. Revenue and Segment Results
Total Q4 revenues reached $2.27 billion, up 2.8% from $2.21 billion a year earlier but 2.7% below projections. Electricity sales rose 4% to 16,487 GWh, driven by growth in Pennsylvania and Kentucky. Adjusted EPS by segment: Pennsylvania $0.21, Kentucky $0.19, Rhode Island $0.03, and corporate losses narrowed to $0.02.
3. Financial Position and Guidance
As of December 31, cash and equivalents increased to $1.07 billion versus $0.31 billion, while long-term debt grew to $17.99 billion from $15.95 billion. PPL raised infrastructure investment plans to $23 billion for 2026–2029 and forecasts 2026 EPS of $1.90–$1.98, compared with $1.95 consensus.