earnings
confidence high
sentiment positive
materiality 0.65
PPL Q1 ongoing EPS $0.63 vs $0.60 YoY; reaffirms FY guidance $1.90-$1.98
PPL Corp
- GAAP net income $452M ($0.60 EPS); ongoing (non-GAAP) $478M ($0.63 EPS), up from $0.60 in Q1 2025.
- Reaffirms 2026 ongoing EPS forecast $1.90-$1.98 (midpoint $1.94); sees 6-8% annual EPS growth through 2029 near top end.
- Pennsylvania base rate case settlement reached; RI electric/gas infrastructure plans approved supporting ~$330M investment.
- Joint venture with Blackstone advancing — executing turbine reservations, PJM interconnection requests, and land evaluation for data-center generation.
- Kentucky generation projects on track: 1,900 MW gas combined-cycle (first 645 MW in 2027), 240 MW solar, 120 MW battery storage.