PPL · 8-K · 20260807PR000042

Operating Income and Margins

PPL Corp · 2026-08-07 · Importance 42 · Surprise 40 · In source text

Second-quarter operating income increased $69 million, or 17.0%, to $475 million from $406 million. Operating margin expanded to approximately 22.5% from 20.0% as revenue increased $86 million while total operating expenses rose only $17 million. Six-month operating income increased $136 million, or 12.5%, to $1,220 million from $1,084 million, with the increase supported by higher revenue and lower other operation and maintenance costs.

Key facts

• Total operating expenses for the three months ended June 30, 2026: $1,636 million. source
• Operating income for the three months ended June 30, 2026: $475 million. source
• Operating income for the six months ended June 30, 2026: $1,220 million. source
• Interest expense for the three months ended June 30, 2026: $232 million. source
• Net special-item after-tax charges included in reported earnings in the second quarter of 2026: $17 million, or $0.03 per share, primarily attributable to PPL’s IT transformation and system integration impacts. source
• Reported earnings in the second quarter of 2025 included net special-item after-tax charges of $57 million, or $0.07 per share. source

Impact estimates