PPL's Q2 EPS rises on higher retail rates in Kentucky

• PPL reaffirms 2026 ongoing EPS forecast range of $1.90 to $1.98, midpoint $1.94
• Company maintains 6% to 8% annual EPS growth target through at least 2029
• PPL estimates $10 bln to $12 bln of potential generation investment upside through 2032

• Retail rate increases — Higher retail rates in Kentucky contributed to earnings, offset by increased operating costs, depreciation and interest expense.
• Transmission revenue — Pennsylvania segment earnings were supported by higher transmission revenue from additional capital investments, offset by higher depreciation and interest expense.
• Lower operating costs — Rhode Island segment earnings benefited from lower operating costs and higher rider revenue, offset by higher depreciation expense.

PPL's Q2 EPS rose.

The company reaffirmed its 2026 ongoing EPS guidance and long-term growth targets.

Disciplined cost management and timely recovery of investments supported Q2 results.