PPL
NYSE · USDPPL Corporation
Utilities · Regulated Electric
CEO Vincent Sorgi
Employees 300
R&D / revenue 0.0%
Last price
$35.17+2.00%last session
Market cap
$26.5B
P/E (TTM)
27.6x
From 52w high
−12.3%
From 52w low
+11.4%
1-year return
−2.7%
RSI 14 · vs SMA200
68.0 · −1.2%
IS score
43.1/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)
One year, rebased to 100
PPL SPY XLU (sector ETF) · weekly closesScore DNA
Each bar is a 0-100 score within the scored universe39Profitability
61Growth
55Value
89Momentum
15Risk (safety)
65Quality
33Balance sheet
81Earnings quality
Flags
Strengths
None of the computed strength flags fires.
Warnings
▲ Altman distress zone▲ Share count rising
Observations
Moat model: None, Cost AdvantagePiotroski 6 / 9Altman Z 1.0Beta 0.582 of 4 smart-money sources active
Smart-money strip
Each disclosure source on its own window. Filings coinciding is not coordination.INSForm 4 · 180 days
Insider open-market buys
0
1 open-market sales, $250,734
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+49
127 new holders, 71 closed
1,037 filers hold 91.2% · 459 added, 291 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+281
826 funds adding shares
545 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
58.3%
20-day avg 50.8%, 50-day avg 47.9%
Latest 7.5 pp over its 20-day average · a flow, not short interest
Key financials · FY2025
USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.Income statement
Revenue$9.0B
Revenue growth YoY+6.9%
Gross margin39.1%
Operating income$2.1B
Operating margin23.6%
Net income$1.2B
Net margin13.1%
EPS (diluted)$1.60
Cash flow
Operating cash flow$2.6B
Capital expenditure$4.0B
Free cash flow−$1.4B
FCF conversion (FCF / OCF)-53.3%
Stock-based compensation$0
FCF less SBC−$1.4B
Buybacks$0
Dividends$794.0M
Balance sheet & returns
Cash & short-term investments$1.1B
Total debt$19.4B
Net debt$18.3B
Shareholders' equity$14.9B
Goodwill & intangibles$2.6B
Debt / equity1.32
ROE (TTM)8.5%
ROIC (TTM)4.2%
Operating margin by fiscal year
Revenue $5.8B (FY2021) to $9.0B (FY2025), a 11.8% CAGR.
Valuation
P/E (TTM)27.6x
EV / EBITDA13.9x
Price / sales3.75x
Price / FCF101.6x
FCF yield0.98%
Buyback yield0.00%
SBC / revenue0.0%
Price / book2.34x
Forward P/E FY202618.0x
Forward P/E FY202716.6x
Forward P/E FY202815.3x
Forward multiples divide today's price by Street EPS estimates. Street mean target $39.44 across 9 analysts last quarter is theirs, not ours.
PPL vs industry median
139 companies in Regulated Electric
PPL (TTM)Industry median
Asset turnover 0.20 vs industry 0.24 · financial leverage 3.08
Earnings delivery
Next report 2026-11-04 · consensus EPS $0.5367%
beat rate, 8 of 12 quarters
+1.2%
median EPS surprise
4
longest beat streak
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-02 to 2026-08-07. Bars cap at ±60%.
Peers
Market-cap band, not the industry cohort above| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | 12m return |
|---|---|---|---|---|---|---|
| PPL PPL Corporation | $26.5B | 27.6x | 8.5% | 13.5% | +6.9% | −2.7% |
| CNP CenterPoint Energy, Inc. | $26.7B | 23.9x | 9.8% | 11.3% | +7.1% | +2.8% |
| FE FirstEnergy Corp. | $26.7B | 24.6x | 8.4% | 7.9% | +12.6% | −0.3% |
| DTE DTE Energy Company | $27.0B | 20.4x | 11.1% | 8.5% | +14.4% | −7.5% |
| ES Eversource Energy | $25.2B | 17.3x | 9.1% | 1.8% | +7.8% | −5.3% |
| AEE Ameren Corporation | $29.4B | 18.5x | 12.0% | 15.0% | +3.8% | — |
| DTY DTE Energy Company | $22.7B | 3.5x | 12.2% | 8.8% | +25.4% | — |
| CMS CMS Energy Corporation | $21.5B | 20.3x | 11.3% | 6.6% | +9.9% | — |
12-month window: SPY +15.9%, sector ETF XLU −8.1%. Past returns describe history only.
Recent 8-K filings
No 8-K filings on file.
Context
Shares outstanding752,545,000
Free float99.7%
Institutional ownership91.2%
Beta0.58
Dividend yield3.48%
Last dividend$0.28 on 2026-09-10
50 / 200-day average$34.18 / $36.08
Large-cap Utilities median P/E20.7x
Full factsheet
The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (None).
Read it in the browser Download (PDF)All fundamentals · 140 measures in 13 categories
Percentile = where PPL sits among 45 scored companies in Regulated Electric (0 = lowest value, 100 = highest). It is a position, not a grade.ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)
Valuation
| Measure | PPL | Industry percentile |
|---|---|---|
| P/E (TTM) | 20.9x | 66th |
| PEG (P/E ÷ 3-yr EPS CAGR) | 1.20 | 29th |
| Price / sales | 2.8x | 59th |
| Price / book | 1.8x | 45th |
| Price / tangible book | 2.2x | 64th |
| Price / free cash flow | 76.3x | 89th |
| Price / operating cash flow | 10.0x | 67th |
| Enterprise value | $46.0B | 45th |
| EV / sales | 4.9x | 68th |
| EV / EBITDA | 11.7x | 52nd |
| EV / EBIT | 18.8x | 43rd |
| EV / free cash flow | 132.5x | 89th |
| Earnings yield | 4.8% | 34th |
| FCF yield | 1.3% | 61st |
| Operating cash flow yield | 10.0% | 35th |
| Graham number (per share) | $27.34 | 11th |
Profitability (TTM)
| Measure | PPL | Industry percentile |
|---|---|---|
| Gross margin | 34.6% | 11th |
| EBITDA margin | 41.8% | 64th |
| Operating margin | 24.0% | 68th |
| EBIT margin | 26.0% | 66th |
| Net margin | 13.5% | 50th |
| NOPAT margin | 19.3% | 50th |
| FCF margin | 3.7% | 64th |
| Operating cash flow margin | 28.2% | 43rd |
| R&D / revenue | 0.0% | 0th |
| SG&A / revenue | 0.0% | 0th |
| Stock comp / revenue | 0.0% | 0th |
| Effective tax rate | 19.5% | 75th |
Returns on capital
| Measure | PPL | Industry percentile |
|---|---|---|
| ROE (on average equity) | 8.6% | 11th |
| ROA | 2.9% | 59th |
| ROIC | 5.3% | 41st |
| ROCE | 5.7% | 80th |
| Return on tangible assets | 5.5% | 86th |
| Cash ROIC (OCF / invested capital) | 7.7% | 32nd |
| Gross profitability (GP / assets) | 7.0% | 20th |
| ROIC, 3-yr average | 3.4% | 9th |
| ROIC, 5-yr average | 3.4% | 14th |
| ROE, 5-yr average | 6.4% | 5th |
| Incremental ROIC | 36.3% | 75th |
Growth
| Measure | PPL | Industry percentile |
|---|---|---|
| Revenue growth (TTM YoY) | 6.7% | 32nd |
| Revenue growth (QoQ) | -23.9% | 32nd |
| Revenue CAGR, 3 yr | 2.8% | 50th |
| Revenue CAGR, 5 yr | 9.0% | 90th |
| Gross profit CAGR, 3 yr | 1.3% | 23rd |
| Operating income CAGR, 3 yr | 15.1% | 75th |
| Net income growth (TTM YoY) | 28.1% | 88th |
| Net income CAGR, 3 yr | 18.5% | 86th |
| EPS growth (TTM YoY) | 25.7% | 90th |
| EPS CAGR, 3 yr | 17.5% | 91st |
| EPS CAGR, 5 yr | — | |
| FCF growth (TTM YoY) | — | |
| FCF CAGR, 3 yr | — | |
| Operating cash flow CAGR, 3 yr | 18.5% | 53rd |
| Book value CAGR, 3 yr | 1.7% | 18th |
| Dividend CAGR, 3 yr | 1.1% | 67th |
| Sustainable growth rate | 3.1% | 27th |
Margin history & stability
| Measure | PPL | Industry percentile |
|---|---|---|
| Gross margin, 3-yr average | 38.8% | 32nd |
| Operating margin, 3-yr average | 22.3% | 59th |
| Net margin, 3-yr average | 11.6% | 32nd |
| FCF margin, 3-yr average | -4.4% | 48th |
| Revenue stability (0-1) | 0.83 | 66th |
| Earnings stability (0-1) | 0.63 | 66th |
| Margin stability (0-1) | 0.83 | 50th |
Liquidity (latest quarter)
| Measure | PPL | Industry percentile |
|---|---|---|
| Cash & short-term investments | $332.0M | 59th |
| Net cash (− = net debt) | −$19.5B | 59th |
| Working capital | −$332.0M | 64th |
| Current ratio | 0.91 | 66th |
| Quick ratio | 0.73 | 61st |
| Cash ratio (cash + ST investments / current liabilities) | 0.09 | 61st |
| Defensive interval (days) | 545 days | 79th |
Leverage & solvency (latest quarter)
| Measure | PPL | Industry percentile |
|---|---|---|
| Total debt | $19.9B | 41st |
| Debt / equity | 1.32 | 25th |
| Net debt / equity | 1.30 | 25th |
| Debt / assets | 42.9% | 34th |
| Debt / capital | 56.9% | 25th |
| Debt / EBITDA | 5.05 | 25th |
| Net debt / EBITDA | 4.96 | 25th |
| Interest coverage (EBIT / interest) | 2.8x | 77th |
| Cash interest coverage | 3.0x | 45th |
| Debt payback (years of OCF) | 7.5 yrs | 49th |
| Liabilities / assets | 67.5% | 20th |
| IS credit model rating | B+ | |
| Implied credit spread (bps) | 650 | 25th |
Efficiency
| Measure | PPL | Industry percentile |
|---|---|---|
| Asset turnover | 0.21 | 52nd |
| Fixed asset turnover | 0.25 | 37th |
| Inventory turnover | 11.2 | 61st |
| Receivables turnover | 8.7 | 50th |
| Days sales outstanding | 42 days | 51st |
| Days inventory outstanding | 33 days | 40th |
| Days payables outstanding | 74 days | 44th |
| Cash conversion cycle (days) | 0 days | 33rd |
| Capex / revenue | 24.5% | 31st |
| Capex / depreciation | 1.55 | 36th |
| Operating expense ratio | 0.0% | 0th |
Cash flow & earnings quality
| Measure | PPL | Industry percentile |
|---|---|---|
| Operating cash flow / net income | 2.10 | 43rd |
| FCF / net income | 0.27 | 61st |
| FCF / operating cash flow | 13.1% | 63rd |
| Capex / operating cash flow | 86.9% | 37th |
| Accruals ratio | -3.1% | 59th |
| Sloan accruals ratio | 0.5% | 95th |
| Earnings quality score (0-1) | 1.00 | 16th |
Scores & forensic checks
| Measure | PPL | Industry percentile |
|---|---|---|
| IS score | 43 | 59th |
| IS profitability | 39 | 14th |
| IS growth | 61 | 84th |
| IS value | 55 | 36th |
| IS momentum | 89 | 89th |
| IS risk (safety) | 15 | 0th |
| IS quality | 65 | 41st |
| IS balance sheet | 33 | 77th |
| IS earnings quality | 81 | 86th |
| IS cash flow | 40 | 68th |
| Piotroski F-score (0-9) | 6 | 32nd |
| Altman Z-score | 1.0 | 70th |
| Beneish M-score | −2.39 | 72nd |
| Ohlson O-score | −7.44 | 27th |
| IS credit score | 31 | 70th |
Size (TTM)
| Measure | PPL | Industry percentile |
|---|---|---|
| Market cap | $26.5B | 57th |
| Revenue | $9.4B | 41st |
| EBITDA | $3.9B | 41st |
| Net income | $1.3B | 48th |
| Free cash flow | $347.0M | 64th |
| Total assets | $46.3B | 41st |
| Shareholders' equity | $15.0B | 59th |
| Employees | 6,546 | 25th |
Insider transactions, last 6 months
Form 4 · most recent 12| Date | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| 2026-06-12 | Cornett John Gregory President of a PPL Subsidiary |
Open-market sale | 7,051 | $35.56 | $250,734 | 7,769 |
| 2026-04-24 | Bellar Lonnie E EVP-Eng, Constr and Gen |
Option exercise | 81 | $38.75 | $3,156 | 42,242 |
| 2026-04-24 | Bellar Lonnie E EVP-Eng, Constr and Gen |
Tax withholding | 37 | $38.75 | $1,434 | 42,205 |
| 2026-04-24 | Bellar Lonnie E EVP-Eng, Constr and Gen |
Option exercise | 81 | — | — | 0 |
| 2026-04-24 | Bonenberger David J EVP & COO-Utilities |
Option exercise | 217 | $38.75 | $8,390 | 72,056 |
| 2026-04-24 | Bonenberger David J EVP & COO-Utilities |
Tax withholding | 95 | $38.75 | $3,681 | 71,961 |
| 2026-04-24 | Bonenberger David J EVP & COO-Utilities |
Option exercise | 217 | — | — | 0 |
Shares acquired vs disposed, by month
acquired disposed · all Form 4 typesBy transaction type, 6 months
| Type | Direction | Filings | Shares | Value |
|---|---|---|---|---|
| Open-market sale | Disposed | 1 | 7,051 | $250,734 |
| Option exercise | Acquired | 2 | 298 | $11,546 |
| Option exercise | Disposed | 2 | 298 | — |
| Tax withholding | Disposed | 2 | 132 | $5,115 |
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.
Form 144 notices
| Filed | Filer | Shares proposed | Est. proceeds |
|---|---|---|---|
| None on file. | |||
A Form 144 is notice of a proposed sale, not a confirmed one.
Congress trades
12 months: House 1 trades (0 purchases) · Senate 0 (0 purchases)| Traded | Member | Chamber | Type | Amount | Disclosed |
|---|---|---|---|---|---|
| 2026-01-29 | Ro Khanna | House | Sale | $1,001 - $15,000 | 2026-02-10 |
| 2025-07-10 | Ritchie Torres | House | Sale (Full) | $1,001 - $15,000 | 2025-08-20 |
| 2024-09-25 | Ritchie Torres | House | Purchase | $1,001 - $15,000 | 2025-08-20 |
| 2022-10-12 | Kathy Manning | House | Purchase | $1,001 - $15,000 | 2022-11-10 |
| 2019-12-10 | Pat Toomey | Senate | Purchase | $15,001 - $50,000 | 2020-01-09 |
| 2019-12-10 | Patrick Joseph Toomey | Senate | Purchase | $15,001 - $50,000 | 2020-01-08 |
| 2017-06-15 | Patty Murray | Senate | Sale (Full) | $1,001 - $15,000 | 2017-06-22 |
| 2017-06-15 | Patty Murray | Senate | Sale (Full) | $1,001 - $15,000 | 2017-06-21 |
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.
Largest 13F holders
Quarter to 2026-06-30, the latest most managers have filed| Manager | Shares | Value | % of shares out |
|---|---|---|---|
| BlackRock, Inc. | 67,100,264 | $2.4B | 8.92% |
| VANGUARD CAPITAL MANAGEMENT LLC | 47,876,837 | $1.7B | 6.36% |
| STATE STREET CORP | 40,497,920 | $1.5B | 5.38% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 37,684,426 | $1.4B | 5.01% |
| T. Rowe Price Investment Management, Inc. | 32,432,874 | $1.2B | 4.31% |
| Invesco Ltd. | 28,821,623 | $1.0B | 3.83% |
| WELLINGTON MANAGEMENT GROUP LLP | 21,372,119 | $776.9M | 2.84% |
| GEODE CAPITAL MANAGEMENT, LLC | 19,940,050 | $722.0M | 2.65% |
| FMR LLC | 16,262,056 | $591.1M | 2.16% |
| FRANKLIN RESOURCES INC | 16,173,664 | $587.9M | 2.15% |
| BARCLAYS PLC | 14,738,460 | $535.7M | 1.96% |
| CITADEL ADVISORS LLC | 14,356,145 | $521.8M | 1.91% |
| MORGAN STANLEY | 13,384,527 | $486.5M | 1.78% |
| BANK OF AMERICA CORP /DE/ | 11,327,646 | $411.8M | 1.51% |
| FEDERATED HERMES, INC. | 9,477,781 | $344.5M | 1.26% |
Institutional ownership by quarter
% of shares held by 13F filers
Number of 13F filers holding
Holder changes by quarter
| Quarter | Holders | Ownership | New | Increased | Reduced | Closed |
|---|---|---|---|---|---|---|
| 2026-06-30 | 1,037 | 91.2% | 127 | 459 | 291 | 71 |
| 2026-03-31 | 988 | 86.1% | 120 | 396 | 303 | 81 |
| 2025-12-31 | 967 | 86.0% | 141 | 346 | 325 | 83 |
| 2025-09-30 | 927 | 85.2% | 118 | 341 | 297 | 64 |
| 2025-06-30 | 891 | 80.2% | 92 | 354 | 301 | 92 |
| 2025-03-31 | 904 | 79.1% | 122 | 374 | 255 | 66 |
| 2024-12-31 | 858 | 76.5% | 124 | 346 | 269 | 67 |
| 2024-09-30 | 822 | 75.5% | 104 | 327 | 256 | 65 |
| 2024-06-30 | 792 | 74.9% | 77 | 251 | 308 | 51 |
| 2024-03-31 | 774 | 73.1% | 82 | 257 | 311 | 75 |
| 2023-12-31 | 773 | 75.2% | 104 | 226 | 331 | 68 |
| 2023-09-30 | 748 | 72.1% | 76 | 229 | 329 | 87 |
Schedule 13D / 13G filers
| Filed | Form | Filer | % of class | Shares |
|---|---|---|---|---|
| None on file. | ||||
Required above 5% of a class; 13G is the passive form.
ETFs with the largest holding
| ETF | Weight in fund | Holding value |
|---|---|---|
| VITSX | 0.03% | $748.5M |
| VTSAX | 0.03% | $748.5M |
| VTI | 0.03% | $748.5M |
| VSMPX | 0.03% | $748.5M |
| VOO | 0.04% | $650.1M |
| VFIAX | 0.04% | $650.1M |
Share structure
Shares outstanding752,545,000
Float750,332,359
Free float99.7%
Income statement
Fiscal years, USD| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Revenue | $5.8B | $7.9B | $8.3B | $8.5B | $9.0B |
| Cost of revenue | $3.1B | $5.0B | $5.0B | $5.1B | $5.5B |
| Gross profit | $2.7B | $2.9B | $3.3B | $3.4B | $3.5B |
| R&D | $0 | $0 | $0 | $0 | $0 |
| SG&A | −$21.0M | −$47.0M | −$40.0M | $0 | $0 |
| Operating income | $1.4B | $1.4B | $1.6B | $1.7B | $2.1B |
| EBITDA | $2.6B | $2.7B | $2.9B | $3.2B | $3.7B |
| Pretax income | $521.0M | $915.0M | $924.0M | $1.1B | $1.5B |
| Income tax | $503.0M | $201.0M | $184.0M | $228.0M | $291.0M |
| Net income | −$1.5B | $756.0M | $740.0M | $888.0M | $1.2B |
| EPS, diluted | $-1.93 | $1.02 | $1.00 | $1.20 | $1.60 |
| Diluted shares | 764.8M | 736.9M | 738.2M | 739.9M | 745.1M |
Balance sheet
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Cash & short-term investments | $3.6B | $356.0M | $331.0M | $306.0M | $1.1B |
| Receivables | $890.0M | $1.4B | $1.6B | $1.4B | $1.8B |
| Inventory | $322.0M | $443.0M | $505.0M | $511.0M | $551.0M |
| Total current assets | $5.0B | $2.8B | $2.9B | $2.9B | $3.9B |
| PP&E, net | $25.5B | $30.2B | $31.4B | $33.1B | $36.1B |
| Goodwill & intangibles | $1.1B | $2.6B | $2.6B | $2.6B | $2.6B |
| Total assets | $33.2B | $37.8B | $39.2B | $41.1B | $45.2B |
| Accounts payable | $679.0M | $1.2B | $1.1B | $1.2B | $1.6B |
| Total current liabilities | $2.3B | $3.8B | $3.3B | $3.3B | $4.5B |
| Long-term debt | $10.7B | $12.9B | $14.6B | $16.0B | $18.0B |
| Total liabilities | $19.5B | $23.9B | $25.3B | $27.0B | $30.4B |
| Shareholders' equity | $13.7B | $13.9B | $13.9B | $14.1B | $14.9B |
Cash flow statement
Outflows are negative| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Net income | $18.0M | $714.0M | $740.0M | $888.0M | $1.2B |
| Depreciation & amortization | $1.1B | $1.2B | $1.3B | $1.4B | $1.4B |
| Stock-based compensation | $37.0M | $37.0M | $33.0M | $46.0M | $0 |
| Change in working capital | $22.0M | −$392.0M | −$139.0M | −$7.0M | −$79.0M |
| Operating cash flow | $2.3B | $1.7B | $1.8B | $2.3B | $2.6B |
| Capital expenditure | −$2.0B | −$2.2B | −$2.4B | −$2.8B | −$4.0B |
| Free cash flow | $297.0M | −$425.0M | −$632.0M | −$465.0M | −$1.4B |
| Investing cash flow | $8.0B | −$5.7B | −$2.4B | −$2.8B | −$4.0B |
| Net debt issued / repaid | −$5.1B | $1.5B | $1.4B | $1.2B | $2.6B |
| Buybacks | −$1.0B | $0 | $0 | $0 | $0 |
| Dividends paid | −$1.3B | −$787.0M | −$704.0M | −$747.0M | −$794.0M |
Ratio history
Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Gross margin | 46.9% | 36.5% | 39.4% | 40.1% | 42.7% |
| Operating margin | 24.6% | 17.4% | 19.6% | 20.6% | 23.5% |
| Net margin | -25.6% | 9.6% | 8.9% | 10.5% | 13.1% |
| FCF margin | 5.1% | -5.4% | -7.6% | -5.5% | -15.5% |
| ROE | -10.9% | 5.5% | 5.3% | 6.3% | 8.2% |
| ROIC | 0.2% | 3.9% | 4.5% | 4.5% | 5.2% |
| ROA | -3.6% | 2.1% | 1.9% | 2.2% | 2.7% |
| Debt / equity | 0.82 | 1.02 | 1.12 | 1.19 | 1.30 |
| Interest coverage | 1.6x | 2.8x | 2.4x | 2.5x | 2.8x |
| Current ratio | 2.16 | 0.75 | 0.88 | 0.86 | 0.86 |
| Revenue growth | −4.1% | +36.6% | +5.2% | +1.8% | +6.9% |
| EPS growth | −203.7% | +151.8% | −2.3% | +19.6% | +32.3% |
| P/E at year end | n/m | 25.7x | 25.3x | 26.2x | 22.1x |
| EV / EBITDA at year end | 10.6x | 12.5x | 11.6x | 12.4x | 12.0x |
| FCF yield at year end | 1.51% | -2.19% | -3.38% | -2.00% | -5.37% |
| Dividend payout | — | 104.1% | 95.1% | 84.1% | 67.2% |
Revenue by segment
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Kentucky Regulated | $3.3B | $3.8B | $3.5B | $3.6B | $3.8B |
| Pennsylvania Regulated | $2.5B | $3.0B | $3.0B | $2.9B | $3.1B |
| Rhode Island Regulated | — | $1.0B | $1.9B | $2.0B | $2.3B |
Revenue by region · FY2025
Kentucky Regulated$3.8B · 41%
Pennsylvania Regulated$3.1B · 34%
Rhode Island Regulated$2.3B · 25%
Street estimates by fiscal year
Next report 2026-11-04 · consensus EPS $0.53 · these are analysts' numbers, not ours| Fiscal year | Revenue (mean) | Revenue range | EPS (mean) | EPS range | Analysts | P/E on mean EPS |
|---|---|---|---|---|---|---|
| 2026 | $9.7B | $9.5B – $9.8B | $1.95 | $1.93 – $1.97 | 9 | 18.0x |
| 2027 | $10.3B | $10.1B – $10.5B | $2.12 | $2.10 – $2.16 | 10 | 16.6x |
| 2028 | $10.9B | $10.4B – $11.5B | $2.30 | $2.28 – $2.32 | 4 | 15.3x |
Reported vs expected, every quarter on file
| Reported | EPS expected | EPS actual | EPS surprise | Revenue expected | Revenue actual | Revenue surprise |
|---|---|---|---|---|---|---|
| 2026-08-07 | $0.34 | $0.33 | −3.1% | $2.2B | $2.1B | −3.6% |
| 2026-05-08 | $0.62 | $0.63 | +2.3% | $2.5B | $2.8B | +10.6% |
| 2026-02-20 | $0.41 | $0.41 | +0.2% | $2.4B | $2.3B | −6.0% |
| 2025-11-05 | $0.46 | $0.48 | +4.4% | $2.1B | $2.2B | +9.0% |
| 2025-07-31 | $0.39 | $0.32 | −16.9% | $1.8B | $2.0B | +11.6% |
| 2025-04-30 | $0.55 | $0.60 | +8.5% | $2.2B | $2.5B | +16.4% |
| 2025-02-13 | $0.37 | $0.34 | −8.1% | $2.5B | $2.2B | −11.7% |
| 2024-11-01 | $0.42 | $0.42 | +0.1% | $2.1B | $2.1B | −1.5% |
| 2024-08-02 | $0.33 | $0.38 | +15.6% | $1.9B | $1.9B | −1.9% |
| 2024-05-01 | $0.50 | $0.54 | +8.0% | $2.4B | $2.3B | −3.5% |
| 2024-02-16 | $0.38 | $0.40 | +5.3% | $1.9B | $2.0B | +7.0% |
| 2023-11-02 | $0.45 | $0.43 | −4.4% | $1.7B | $2.0B | +17.3% |
| 2023-08-04 | $0.32 | $0.29 | −9.4% | $1.3B | $1.8B | +43.8% |
| 2023-05-04 | $0.46 | $0.48 | +4.3% | $2.0B | $2.4B | +21.2% |
| 2023-02-17 | $0.28 | $0.28 | 0.0% | $1.2B | $2.3B | +84.0% |
| 2022-11-04 | $0.41 | $0.41 | 0.0% | $1.8B | $2.1B | +17.6% |
| 2022-08-03 | $0.29 | $0.30 | +3.4% | $1.6B | $1.7B | +6.1% |
| 2022-05-05 | $0.39 | $0.41 | +5.1% | $1.7B | $1.8B | +2.5% |
| 2022-02-18 | $0.32 | $0.22 | −31.2% | $2.0B | $1.5B | −25.8% |
| 2021-11-04 | $0.37 | $0.36 | −2.7% | $1.5B | $1.5B | +0.9% |
| 2021-08-05 | $0.23 | $0.19 | −17.4% | $1.4B | $1.3B | −9.3% |
| 2021-05-06 | $0.71 | $0.28 | −60.6% | $2.1B | $1.5B | −30.1% |
| 2021-02-18 | $0.61 | $0.59 | −3.3% | $2.1B | $1.9B | −9.0% |
| 2020-11-05 | $0.61 | $0.58 | −4.9% | $2.0B | $1.9B | −6.1% |
Off-exchange (dark pool) volume, weekly
FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)| Week of | Notional | Shares | Trades |
|---|---|---|---|
| 2026-08-31 | $250.5M | 7,239,850 | 86,000 |
| 2026-08-24 | $287.0M | 8,260,708 | 87,141 |
| 2026-08-17 | $319.1M | 8,957,331 | 99,217 |
| 2026-08-10 | $262.7M | 7,426,707 | 90,513 |
| 2026-08-03 | $253.4M | 7,230,255 | 104,057 |
| 2026-07-27 | $257.5M | 7,150,889 | 95,506 |
Short-sale share of off-exchange volume
daily 20-day average| Date | Short share | Short volume | Total volume |
|---|---|---|---|
| 2026-10-15 | 58.3% | 2,452,308 | 4,207,506 |
| 2026-10-14 | 49.0% | 947,068 | 1,931,315 |
| 2026-10-13 | 56.4% | 984,382 | 1,744,182 |
| 2026-10-12 | 54.8% | 592,638 | 1,080,825 |
| 2026-10-09 | 61.9% | 1,123,219 | 1,815,213 |
| 2026-10-08 | 70.1% | 2,601,575 | 3,710,044 |
| 2026-10-07 | 67.1% | 1,609,360 | 2,397,113 |
| 2026-10-06 | 52.0% | 1,479,342 | 2,845,460 |
| 2026-10-05 | 56.0% | 966,348 | 1,725,074 |
| 2026-10-02 | 57.4% | 986,876 | 1,719,601 |
A daily flow measure from FINRA, not short interest.
Seasonality
Average return by calendar month| Month | Avg return | Up years | Years |
|---|---|---|---|
| Jan | +0.4% | 55% | 20 |
| Feb | −2.3% | 40% | 20 |
| Mar | +2.3% | 81% | 21 |
| Apr | +1.3% | 65% | 20 |
| May | +1.3% | 65% | 20 |
| Jun | −0.1% | 55% | 20 |
| Jul | +1.5% | 75% | 20 |
| Aug | −0.5% | 55% | 20 |
| Sep | −1.1% | 45% | 20 |
| Oct | +1.9% | 60% | 20 |
| Nov | +2.0% | 60% | 20 |
| Dec | +0.5% | 65% | 20 |
History, not a forecast.
Indicators
as of 2026-10-16RSI 1468.0
MFI84.5
ADX21.6
Stochastic %K / %D92.2 / 94.8
Williams %R-3.0
CCI132
TSI / signal14.6 / -4.8
Chaikin money flow0.29
ATR$0.56
Bollinger width11.8%
Volume vs 20-day avg1.16x
SupertrendUp
Moving averages and bands
level (price vs level)SMA 20$33.38 (+5.4%)
SMA 50$34.06 (+3.3%)
SMA 200$35.60 (−1.2%)
EMA 21$33.91 (+3.7%)
EMA 50$34.09 (+3.2%)
EMA 200$34.94 (+0.7%)
Bollinger upper$35.35 (−0.5%)
Bollinger lower$31.42 (+11.9%)
Parabolic SAR$33.72 (+4.3%)
Open the live chart, 110+ indicatorsAbout PPL Corporation
PPL Corporation provides electricity and natural gas to approximately 3.6 million customers in the United States. It operates in three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company engages in the transmission and distribution of electricity in eastern and central Pennsylvania; generation, transmission, distribution, and sale of electricity in Kentucky, Virginia, and Rhode Island; distribution and sale of natural gas in Kentucky and Rhode Island; sale of wholesale electricity in Kentucky; and generation of electricity from power plants in Kentucky. It generates electricity from coal, gas, hydro, and solar sources. The company was formerly known as PP&L Resources, Inc. and changed its name to PPL Corporation in 2000. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.
https://www.pplweb.com
Key executives
| Name | Title | Pay | Born |
|---|---|---|---|
| Vincent Sorgi | President, Chief Executive Officer & Director | $3.2M | 1972 |
| Joseph Bergstein Jr. | Executive Vice President & Chief Financial Officer | $1.5M | 1971 |
| Wendy E. Stark | Executive Vice President of Utilities & Chief Legal Officer | $1.4M | 1972 |
| Dean Anthony Del Vecchio | Executive Vice President and Chief Technology & Innovation Officer | $1.4M | 1967 |
| David J. Bonenberger | Executive VP & Chief Operating Officer-Utilities | $1.1M | 1962 |
| John R. Crockett | Chief Development Officer | $1.1M | 1965 |
| J. Gregory Cornett | President of Rhode Island Energy (RIE) | — | 1971 |
| Ryan Hill | Senior Director of Corporate Communications | — | — |
Executive pay, latest proxy
| Executive | Year | Salary | Stock awards | Incentive | Total |
|---|---|---|---|---|---|
| Vincent Sorgi President and CEO | 2025 | $1.2M | $7.9M | $1.9M | $13.2M |
| Joseph P. Bergstein, Jr. EVP and CFO | 2025 | $724,777 | $2.0M | $716,412 | $4.9M |
| David J. Bonenberger EVP and COO-Utilities | 2025 | $544,021 | $1.9M | $552,827 | $4.0M |
| Francis X. Sullivan Former EVP and COO | 2025 | $202,082 | $1.5M | $175,515 | $3.5M |
| Wendy E. Stark EVP-Utilities and CLO | 2025 | $662,231 | $1.5M | $654,902 | $3.0M |
| Dean A. Del Vecchio EVP and CTIO | 2025 | $668,975 | $1.5M | $660,924 | $2.9M |
Employees
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| 2026-09-10 | $0.285 | 2026-10-01 |
| 2026-06-10 | $0.285 | 2026-07-01 |
| 2026-03-10 | $0.285 | 2026-04-01 |
| 2025-12-10 | $0.2725 | 2026-01-02 |
| 2025-09-10 | $0.2725 | 2025-10-01 |
| 2025-06-10 | $0.2725 | 2025-07-01 |
| 2025-03-10 | $0.2725 | 2025-04-01 |
| 2024-12-10 | $0.2575 | 2025-01-02 |
Moat model
None · Cost Advantage · 2026-06-30Cost advantage67
Intangibles18
Switching costs43
Network effect23
Efficient scale34
Our component scores (0-100) and overall 37.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17