PPL Corporation Delivers Strong Third-Quarter 2026 Earnings; Raises Long‑Term EPS Growth Outlook
Key Highlights
- ➤Q3 ongoing EPS $0.54, up 13% from $0.48 year over year
- ➤2026 ongoing EPS forecast narrowed to $1.92-$1.96, midpoint $1.94
- ➤Long-term annual EPS growth target raised to 7%-9% through at least 2030
- ➤$25 billion 2027-2030 capital plan targets 10% average annual rate-base growth
- ➤2027 EPS forecast midpoint $2.10, representing an 8.2% increase over 2026 midpoint
Expert Statements
Vincent Sorgi, President and Chief Executive Officer of PPL Corporation
“Our strong third-quarter results reflect continued execution across PPL and keep us on track to meet or exceed the $1.94 per share midpoint of our 2026 ongoing earnings forecast range.”
Vincent Sorgi, President and Chief Executive Officer of PPL Corporation
“At the same time, the progress we're making across our businesses has strengthened PPL's long-term growth outlook, and continued strong economic development across our service territories is providing greater visibility into meaningful upside growth opportunities beyond the plan.”
Vincent Sorgi, President and Chief Executive Officer of PPL Corporation
“We're beginning to see those opportunities translate into tangible commercial progress, and today we're pleased to announce that Invitium Energy has agreed to terms with QTS for approximately 2 GW of generation capacity to serve the QTS data center project in Salem Township, Pennsylvania.”
Vincent Sorgi, President and Chief Executive Officer of PPL Corporation
“This represents a significant milestone for Invitium Energy and an important step toward converting strong customer demand into tangible generation projects.”
Vincent Sorgi, President and Chief Executive Officer of PPL Corporation
“Just as importantly, these projects will help meet rising energy demand while strengthening the PJM grid and supporting long-term energy affordability.”
Vincent Sorgi, President and Chief Executive Officer of PPL Corporation
“We remain focused on executing this growth responsibly and efficiently, with affordability at the forefront.”
Vincent Sorgi, President and Chief Executive Officer of PPL Corporation
“That means maintaining strong cost discipline, investing where we can deliver clear value for customers and continuing to support a 'growth pays for growth' approach that protects existing customers as new large-load demand develops.”
PPL Corporation Delivers Strong Third-Quarter 2026 Earnings; Raises Long‑Term EPS Growth Outlook PR Newswire
* Announces 2026 third-quarter reported earnings (GAAP) of $0.49 per share. * Achieves 2026 third-quarter ongoing earnings per share (EPS) of $0.54 versus $0.48 in 2025. * Narrows 2026 ongoing earnings forecast range to $1.92 to $1.96 per share; on track to achieve at least the midpoint of $1.94 per share. * Increases long-term annual EPS growth target to 7% to 9% through at least 2030 off of the company's 2026 ongoing earnings forecast midpoint; expects annual EPS growth in the top half of the targeted range. * Announces $25 billion capital plan for 2027 to 2030, resulting in average annual rate base growth of 10% over the period. * Provides 2027 earnings forecast range of $2.06 to $2.14 per share; midpoint of $2.10 per share represents an 8.2% increase over PPL's projected 2026 ongoing earnings midpoint. * Highlights $12 billion to $16 billion of potential additional generation investment through 2032, with Kentucky opportunities that could drive PPL's EPS CAGR to 9%+ from 2026 to 2030. * Announces Invitium Energy has agreed to terms for approximately 2 gigawatts (GW) of generation capacity to supply power to QTS's Salem Township data center project in Pennsylvania. ALLENTOWN, Pa., Nov. 6, 2026 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced third-quarter 2026 reported earnings (GAAP) of $367 million, or $0.49 per share, compared with third-quarter 2025 reported earnings of $318 million, or $0.43 per share.
Get started
Create a free account to read the full story.