)
PPL (PPL) investor relations material
PPL Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 2025 GAAP EPS was $0.25; ongoing EPS was $0.32, down $0.06 year-over-year due to timing of expenses, weather, and higher interest and operating costs.
First half 2025 net income was $597 million ($0.80/share), up from $497 million ($0.67/share) in 2024; ongoing EPS flat at $0.92.
2025 ongoing EPS forecast range of $1.75–$1.87 reaffirmed, with confidence in achieving at least the midpoint ($1.81) and 6–8% annual EPS and dividend growth through 2028.
Over $4 billion in infrastructure improvements planned for 2025, with $20 billion projected from 2025–2028 and average annual rate base growth of 9.8%.
Announced joint venture with Blackstone Infrastructure to build new generation for data centers in Pennsylvania.
Financial highlights
Q2 2025 ongoing EPS was $0.32, down from $0.38 in Q2 2024; YTD ongoing EPS flat at $0.92 year-over-year.
Special items of $0.07 per share in Q2 2025, mainly from IT transformation and Rhode Island integration costs.
Q2 2025 reported net income was $183M, down 4% year-over-year; ongoing operations net income was $240M, down 15%.
Issued ~$350 million in equity YTD via ATM, targeting $400–$500 million for the year.
Operating revenues for the first half of 2025 were $4,529 million, up $344 million year-over-year.
Outlook and guidance
2025 ongoing EPS forecast range reaffirmed at $1.75–$1.87, with confidence in achieving at least the midpoint ($1.81).
Projected 6%–8% annual EPS and dividend growth through at least 2028, with EPS growth expected in the top half of the range.
$20B capital investment plan through 2028; average annual rate base growth of 9.8%.
Kentucky subsidiaries filed for $391 million in annual revenue increases, with rate changes expected January 2026 pending approval.
Pennsylvania segment received approval to increase its DSIC cap to 7.5% until the next base rate case.
Next PPL earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)