PPL Corp's third-quarter revenue rose 12% year over year, while reported EPS increased to $0.49 from $0.43 and ongoing EPS rose to $0.54 from $0.48. The company narrowed its 2026 ongoing EPS forecast to $1.92-$1.96 and raised its long-term annual EPS growth target to 7%-9% through at least 2030.
PPL Corp's third-quarter revenue rose 12% year over year. Reported EPS increased to $0.49 from $0.43, and ongoing EPS rose to $0.54 from $0.48. PPL narrowed its 2026 ongoing EPS forecast to $1.92-$1.96, expects at least $1.94 at the midpoint, and sees 2027 EPS of $2.06-$2.14, with a $2.10 midpoint, up 8.2% from 2026. It raised its long-term annual EPS growth target to 7%-9% through at least 2030.
Higher retail rates and increased sales volumes supported Kentucky earnings, while higher distribution base rates and transmission revenue from capital investments boosted Pennsylvania earnings. New gas and electric distribution base rates and higher rider revenue supported Rhode Island earnings; each segment also faced higher costs, and Kentucky and Rhode Island reported higher depreciation.
