Global Finance News
21 Feb 2026, 18:37
PPL reports 2025 earnings growth and extends EPS targets through 2029
PPL Corporation reported 2025 GAAP earnings of $1.59 per share, up from $1.20 in 2024. Earnings from ongoing operations reached $1.81 per share, a 7.1% increase year over year and in line with guidance.
For 2026, PPL forecasts earnings of $1.90 to $1.98 per share, with a midpoint of $1.94, representing 7.2% growth over 2025 ongoing earnings. The company extended its annual EPS growth target of 6% to 8% through at least 2029 and expects compound growth near the top of that range.
PPL updated its capital plan to $23 billion in infrastructure investments from 2026 to 2029, supporting projected average annual rate base growth of about 10.3%. The plan includes grid modernization, new generation in Kentucky and transmission expansion to meet rising demand, including from data centers.
The company raised its quarterly dividend by 4.6% to $0.2850 per share and completed $4.4 billion in infrastructure investments in 2025. It also achieved $170 million in annual run-rate operating and maintenance savings, nearly reaching its 2026 target.
PPL Corporation reported 2025 GAAP earnings of $1.59 per share, up from $1.20 in 2024. Earnings from ongoing operations reached $1.81 per share, a 7.1% increase year over year and in line with guidance.
For 2026, PPL forecasts earnings of $1.90 to $1.98 per share, with a midpoint of $1.94, representing 7.2% growth over 2025 ongoing earnings. The company extended its annual EPS growth target of 6% to 8% through at least 2029 and expects compound growth near the top of that range.
PPL updated its capital plan to $23 billion in infrastructure investments from 2026 to 2029, supporting projected average annual rate base growth of about 10.3%. The plan includes grid modernization, new generation in Kentucky and transmission expansion to meet rising demand, including from data centers.
The company raised its quarterly dividend by 4.6% to $0.2850 per share and completed $4.4 billion in infrastructure investments in 2025. It also achieved $170 million in annual run-rate operating and maintenance savings, nearly reaching its 2026 target.
