Overview

• PPL Q3 adjusted EPS of $0.48 beats analyst expectations

• Reported Q3 2025 EPS of $0.43, up from $0.29 in 2024

• Company narrows 2025 earnings forecast

Outlook

• PPL narrows 2025 ongoing EPS forecast to $1.78-$1.84, from $1.75 to $1.87

• Company reaffirms 6%-8% annual EPS and dividend growth targets through 2028

• PPL highlights regulatory milestones in Kentucky impacting future operations

Result Drivers

• KENTUCKY SEGMENT - Higher sales volumes due to weather, capital investments, and lower operating costs drove earnings growth, partially offset by higher interest expenses

• PENNSYLVANIA SEGMENT - Increased transmission revenue from capital investments and regulatory rider recovery boosted earnings, despite higher interest expenses

• RHODE ISLAND SEGMENT - Lower operating costs contributed to earnings growth, despite some offsetting factors

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the multiline utilities peer group is "buy"

• Wall Street's median 12-month price target for PPL Corp is $41.00, about 11.6% above its November 4 closing price of $36.25

• The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn8Wf0Gha

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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.)