PPL Corp 8K

PPL Corporation reported higher Q2 2026 earnings, reaffirmed its 2026 EPS guidance and long-term 6%–8% EPS growth outlook, and highlighted $10–$12 billion of potential generation investment opportunities driven by data center and economic development growth through 2032.

PPL Corporation reported solid financial results for the second quarter of 2026, with GAAP earnings of $230 million, or $0.30 per diluted share, up from $0.25 per share a year earlier, and ongoing (non-GAAP) earnings of $247 million, or $0.33 per share, versus $0.32 in 2025, while reaffirming its 2026 ongoing EPS guidance range of $1.90 to $1.98 and its long-term EPS growth target of 6% to 8% through at least 2029. Management highlighted disciplined cost control, constructive regulatory frameworks, and capital investment in grid modernization and resilience as key drivers, and emphasized that stronger earnings are expected in the second half of 2026 due to improved rate recovery and tracking mechanisms. The company also outlined substantial long-term growth opportunities tied to economic development and data center-driven load growth in Pennsylvania and Kentucky, estimating $10 billion to $12 billion of potential generation-related investment upside through 2032, including both regulated investments (notably in Kentucky) and opportunities through its 51% interest in the Invitium Energy joint venture with Blackstone Infrastructure, which has secured land and interconnection positions for 5 GW+ of potential combined-cycle gas turbines and is targeting initial commercial agreements by the end of 2026, although PPL does not expect material earnings contributions from the JV until after 2030.

Filing Facts

CIK

922224

Ticker

PPL

Form

8K

Source Type

sec

Accession

0000922224-26-000042

Alert Tier

7