PPL · 8-K · 20260807PR000042
Guidance and Outlook
PPL Corp · 2026-08-07 · Importance 41 · Surprise 32 · In source text
PPL reaffirmed its 2026 ongoing earnings forecast range of $1.90 to $1.98 per share, with a $1.94 midpoint. Management expects stronger earnings growth in the second half of 2026 due to improved rate recovery and capital-tracking mechanisms. PPL also reaffirmed its 6% to 8% annual EPS growth target through at least 2029, with compound growth expected near the top end of that range and stronger growth beginning in 2027.
Key facts
- PPL reaffirmed its 2026 ongoing earnings forecast range of $1.90 to $1.98 per share with a midpoint of $1.94 per share. source
- Based on progress to date, PPL expects to have one or more commercial agreements by the end of 2026 (Invitium). source
- PPL reaffirmed annual EPS growth target of 6% to 8% through at least 2029 and expects compound annual growth to be near top end of the target range. source
- PPL said it does not expect the earnings contributions from the joint venture to be material through 2030. source
- PPL said batteries or other shorter-lead-time technologies could begin contributing earnings in 2029 or 2030. source
- PPL would expect more meaningful earnings and cash flows when the combined-cycle gas turbines come online, which could be as early as the 2031 to 2032 timeframe. source
- PPL continues to expect stronger earnings growth in the second half of 2026, supported by improved rate recovery and capital tracking mechanisms. source
- PPL expects stronger earnings growth beginning in 2027 and continuing through 2029. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | unclear | committed | — | PPL reaffirmed its 2026 ongoing earnings forecast range of $1.90 to $1.98 per share with a midpoint of $1.94 per share. |
| revenue | positive | probable | — | Based on progress to date, PPL expects to have one or more commercial agreements by the end of 2026 (Invitium). |
| net_income | positive | probable | — | PPL reaffirmed annual EPS growth target of 6% to 8% through at least 2029 and expects compound annual growth to be near top end of the… |
| net_income | negative | probable | — | PPL said it does not expect the earnings contributions from the joint venture to be material through 2030. |
| net_income | positive | contingent | — | PPL said batteries or other shorter-lead-time technologies could begin contributing earnings in 2029 or 2030. |
| net_income | positive | probable | — | PPL would expect more meaningful earnings and cash flows when the combined-cycle gas turbines come online, which could be as early as the… |
| cash | positive | probable | — | PPL would expect more meaningful earnings and cash flows when the combined-cycle gas turbines come online, which could be as early as the… |
| net_income | positive | probable | — | PPL continues to expect stronger earnings growth in the second half of 2026, supported by improved rate recovery and capital tracking… |
| net_income | positive | probable | — | PPL expects stronger earnings growth beginning in 2027 and continuing through 2029. |
| net_income | negative | committed | — | PPL’s business plan does not include any earnings contributions or capital investments related to Invitium Energy in its guidance. |