PPL Corp incurred senior notes of $400 million with Barclays Capital Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and Scotia Capital (USA) Inc. at 6.000% maturing May 15, 2056.
“On May 18, 2026, The Narragansett Electric Company (d/b/a Rhode Island Energy) (the "Issuer"), a wholly owned subsidiary of PPL Corporation, issued $400 million aggregate principal amount of 6.000% Senior Notes due 2056 (the "Notes").”
Earnings Releases
PPL Corp reported first-quarter 2026 results: net income $452 million, EPS $0.60. Guidance reaffirmed.
“PPL Corporation (NYSE: PPL) today announced first-quarter 2026 reported earnings (GAAP) of $452 million, or $0.60 per share, compared with first-quarter 2025 reported earnings of $414 million, or $0.56 per share.”
Material Agreements
PPL Corp entered into Supplemental Indenture No. 20 (2039 RSNs) dated February 26, 2026 with The Bank of New York Mellon valued at Establishes terms of $1,000 principal amount 4.02% Remarketable Senior Notes due 2039 (effective 2026-02-26).
“including by Supplemental Indenture No. 19, establishing the terms of the 2034 RSNs and by Supplemental Indenture No. 20, establishing the terms of the 2039 RSNs, each dated as of February 26, 2026.”
Material Agreements
PPL Corp entered into Supplemental Indenture No. 19 (2034 RSNs) dated February 26, 2026 with The Bank of New York Mellon valued at Establishes terms of $1,000 principal amount 4.02% Remarketable Senior Notes due 2034 (effective 2026-02-26).
“including by Supplemental Indenture No. 19, establishing the terms of the 2034 RSNs and by Supplemental Indenture No. 20, establishing the terms of the 2039 RSNs, each dated as of February 26, 2026.”
Material Agreements
PPL Corp entered into Purchase Contract and Pledge Agreement dated February 26, 2026 with The Bank of New York Mellon valued at Stock purchase contracts and pledge of RSNs as collateral for Common Stock purchase obligations (effective 2026-02-26).
“The stock purchase contracts were issued pursuant to a Purchase Contract and Pledge Agreement dated as of February 26, 2026 (the "Purchase Contract and Pledge Agreement"), among the Company and The Bank of New York Mellon, as purchase contract agent, collateral agent, custodial agent and securities intermediary.”
Material Agreements
PPL Corp entered into Underwriting Agreement dated February 23, 2026 with J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC valued at Issuance and sale of up to 23,000,000 Corporate Units at $50 each (effective 2026-02-23).
“On February 23, 2026, PPL Corporation (the "Company") and PPL Capital Funding, Inc. ("PPL Capital Funding") entered into an underwriting agreement (the "Underwriting Agreement") with the underwriters named in Section 3 thereto (the "Underwriters"), for whom J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC and RBC Capital Markets, LLC are acting as representatives, covering the issuance and sale of 20,000,000 equity units, initially in the form of corporate units (the "Corporate Units").”
Debt Financings
PPL Corp incurred convertible notes of $1.15 billion aggregate principal amount with Wells Fargo Securities, LLC and Barclays Capital Inc., as representatives of the several initial purchasers at 3.000% per year maturing December 1, 2030.
“On November 24, 2025, PPL Capital Funding, Inc., a wholly owned subsidiary of PPL Corporation (the "Issuer"), issued $1.15 billion aggregate principal amount of 3.000% Exchangeable Senior Notes due 2030 (the "Notes")”
Francis X. Sullivan departed as Executive Vice President and Chief Operating Officer at PPL Corp.
“On January 13, 2025, in connection with an internal reallocation of duties among the senior executives of PPL Corporation (the "Company"), the Board of Directors of the Company approved the elimination of the position of Executive Vice President and Chief Operating Officer of the Company, which will result in the separation of employment without cause of Francis X. Sullivan effective April 4, 2025.”
Shareholder Votes
PPL Corp shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm at the 2024-05-15 meeting.
“Ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024. For Against Abstain Broker Non-Vote 638,862,023 4,330,680 1,539,705 0”
Shareholder Votes
PPL Corp shareholders approved Advisory vote on 2023 compensation of named executive officers at the 2024-05-15 meeting.
“Approved, on an advisory basis, the 2023 compensation of the Company's named executive officers. For Against Abstain Broker Non-Vote 550,664,178 20,086,764 2,781,348 71,200,118”
Shareholder Votes
PPL Corp shareholders approved Election of all ten nominees for the office of director at the 2024-05-15 meeting.
“Elected all ten nominees for the office of director. The votes for individual nominees were: Number of Votes For Against Abstain Broker Non-Vote Arthur P. Beattie 568,797,528 3,543,876 1,190,886 71,200,118 Raja Rajamannar 561,884,191 10,230,298 1,417,801 71,200,118 Heather B. Redman 568,481,009 3,868,450 1,182,831 71,200,118 Craig A. Rogerson 552,794,165 19,523,106 1,215,019 71,200,118 Vincent Sorgi 564,056,696 8,235,919 1,239,675 71,200,118 Linda G. Sullivan 569,004,771 3,408,070 1,119,449 71,200,118 Natica von Althann 554,755,504 17,453,964 1,322,822 71,200,118 Keith H. Williamson 561,570,067 10,784,153 1,178,070 71,200,118 Phoebe A. Wood 558,517,104 13,826,155 1,189,031 71,200,118 Armando Zagalo de Lima 566,255,214 5,866,309 1,410,767 71,200,118”
Earnings Releases
PPL Corp reported through at least 2027 results: EPS 6% to 8%. Guidance reaffirmed.
“Reaffirms projected annual earnings per share and dividend growth of 6% to 8% through at least 2027.”
Earnings Releases
PPL Corp reported FY 2024 results: EPS $1.63 to $1.75 per share. Guidance reaffirmed.
“Reaffirms 2024 ongoing earnings forecast range of $1.63 to $1.75 per share with a midpoint of $1.69 per share.”
Earnings Releases
PPL Corp reported Q1 2024 results: net income $402 million, EPS $0.54.
“PPL Corporation (NYSE: PPL) today announced first-quarter 2024 reported earnings (GAAP) of $307 million, or $0.42 per share, compared with first-quarter 2023 reported earnings of $285 million, or $0.39 per share.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.