PPL · News · 20260807N

Operating Margin Drivers

PPL Corp · 2026-08-07 · Importance 35 · Surprise 48

Second-quarter 2026 ongoing earnings were $0.33 per share, compared with $0.32 per share a year earlier, while GAAP earnings were $0.30 per share versus $0.25. Rising depreciation and interest expenses offset the benefit of a Kentucky rate increase and contributed to the earnings shortfall against estimates. PPL cited disciplined execution, constructive rate outcomes and regulated utility capital investment as supports for profitability in the second half of 2026.

Key facts

• PPL said the Q2 shortfall versus estimates was due to rising depreciation and interest expenses, which offset a rate increase in Kentucky. source