Analyst Consensus ?
ConsensusBuy29 ratings
Bullish2172.4%
Neutral827.6%
Bearish00.0%
PPL Corporation · PPL · FY2026 Q3 · Calendar Q4 2026
PPL Raises Long-Term EPS Growth Target, Expands Data-Center Buildout
The call strengthens PPL’s long-term growth case by pairing a higher EPS growth target with a large customer-focused capital program and data-center generation opportunities. Delivery depends on regulatory approvals, project execution, and cost control; the supplied facts do not include reported Q3 EPS or revenue actuals to assess the quarter against estimates.
What drove PPL's -0.6% move after FY2026 Q3 earnings?
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Reported Before market openNYSEUtilities
$27.09B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.53
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $2.41B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.6%
Event window
SPY move
+0.3%
Same window
Abnormal move
-0.9%
Stock minus SPY
Volume
2.5×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
PPLSPY benchmark
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What drove PPL's -0.6% move after FY2026 Q3 earnings?What changed in PPL's guidance and outlook in FY2026 Q3?Give me the bull and bear case for PPL after FY2026 Q3 earnings.
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Transcript intelligence
What changed
Management raised its long-term EPS growth target to 7%-9% and described a $25 billion customer-focused capital plan through 2030. It also outlined the Invitium Energy-QTS 2 GW generation partnership and proposed further protections for large-load customers.
Guidance delta
The long-term EPS growth target increased to 7%-9%. The supplied analysis does not state a change to near-term FY2026 EPS guidance; Q3 EPS and revenue actuals are missing.
Key takeaways
- Management’s stated investment plan centers on regulated growth and large-load customer demand, with $25 billion of customer-focused capital through 2030.
- The Invitium Energy-QTS partnership adds a planned 2 GW generation portfolio; the analysis describes a 20-year term and a cost-reimbursement structure.
- Management emphasized cost discipline, targeting O&M expense growth of 0.5% annually; execution and regulatory outcomes remain important to the outlook.
Management priorities
- Advance the Invitium-QTS generation portfolio and finalize its long-form customer agreement.
- Pursue large-load tariff protections, including a proposed Customer Protection Transmission Rider filing.
- Execute the capital program while controlling operating and construction costs.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$35.8Current
$28.5Low
$38.05Average
$48High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 7, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Overweight | Overweight | Maintain | Oct 21, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 12, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Sep 28, 2026 |
| Jefferies | Buy | Buy | Maintain | Aug 25, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 17, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Aug 10, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 20, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 16, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Jun 5, 2026 |
| UBS | Neutral | Neutral | Maintain | Feb 23, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Feb 23, 2026 |
| Guggenheim | Buy | Buy | Maintain | May 1, 2025 |
| RBC Capital | Outperform | Outperform | Maintain | Apr 11, 2024 |
| Argus Research | Buy | Hold | Upgrade | Mar 8, 2024 |
| Seaport Global | Buy | Neutral | Upgrade | Oct 6, 2022 |
| Credit Suisse | Outperform | Outperform | Maintain | Jun 16, 2022 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Mar 9, 2022 |
| CFRA | Strong Buy | Strong Buy | Maintain | Feb 14, 2020 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Dec 16, 2019 |
| Macquarie | Neutral | Underperform | Upgrade | Oct 23, 2019 |
| Bank of America | Neutral | Underperform | Upgrade | Aug 7, 2019 |
| Deutsche Bank | Hold | Buy | Downgrade | Aug 8, 2018 |
| Argus | Buy | Buy | Maintain | May 5, 2018 |
| Goldman Sachs | Neutral | Sell | Upgrade | Jun 26, 2017 |
| Tudor Pickering | Hold | Buy | Downgrade | Jun 2, 2015 |
| Hilliard Lyons | Buy | Buy | Maintain | Sep 30, 2014 |
| Ladenburg Thalmann | Buy | Neutral | Upgrade | Jun 12, 2014 |
| Atlantic Equities | Overweight | Overweight | Maintain | Nov 7, 2013 |
| ISI Group | Buy | Neutral | Upgrade | Jan 7, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $35.8. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Analyst unavailable | $41 | $34.92 | +14.5% | Oct 27, 2026 |
| HSBC | Analyst unavailable | $42 | $34.58 | +17.3% | Oct 22, 2026 |
| BTIG | Alex Kania | $41 | $34.31 | +14.5% | Oct 20, 2026 |
| Barclays | Michael Lonegan | $38 | $34.25 | +6.1% | Oct 12, 2026 |
| Scotiabank | Analyst unavailable | $36 | $32.11 | +0.6% | Sep 29, 2026 |
| Wells Fargo | Shahriar Pourreza | $44 | $32.03 | +22.9% | Sep 28, 2026 |
| Morgan Stanley | David Arcaro | $39 | $33.36 | +8.9% | Sep 18, 2026 |
| RBC Capital | Stephen D\'Ambrisi | $35 | $33.79 | -2.2% | Sep 15, 2026 |
| Jefferies | Paul Zimbardo | $44 | $35.04 | +22.9% | Aug 25, 2026 |
| Evercore ISI | Analyst unavailable | $42 | $36.02 | +17.3% | Aug 17, 2026 |
| BMO Capital | James Thalacker | $38 | $35.08 | +6.1% | Aug 10, 2026 |
| Raymond James | Analyst unavailable | $39 | $35.85 | +8.9% | Jul 20, 2026 |
| Barclays | Analyst unavailable | $41 | $36.07 | +14.5% | Jul 14, 2026 |
| BMO Capital | James Thalacker | $39 | $35.52 | +8.9% | Jun 5, 2026 |
| Mizuho Securities | Anthony Crowdell | $37 | $35.16 | +3.4% | Jun 5, 2026 |
| BMO Capital | Analyst unavailable | $40 | $36.06 | +11.7% | May 11, 2026 |
| Barclays | Analyst unavailable | $39 | $35.91 | +8.9% | May 11, 2026 |
| Morgan Stanley | Analyst unavailable | $43 | $38.44 | +20.1% | Apr 21, 2026 |
| Seaport Global | Analyst unavailable | $42 | $39.17 | +17.3% | Apr 20, 2026 |
| Jefferies | Analyst unavailable | $48 | $39.58 | +34.1% | Apr 13, 2026 |
| UBS | Analyst unavailable | $41 | $36.8 | +14.5% | Feb 23, 2026 |
| Morgan Stanley | David Arcaro | $42 | $37.54 | +17.3% | Feb 20, 2026 |
| Mizuho Securities | Anthony Crowdell | $39 | $37.57 | +8.9% | Feb 18, 2026 |
| Barclays | Analyst unavailable | $37 | $37.18 | +3.4% | Jan 22, 2026 |
| Wells Fargo | Analyst unavailable | $41 | $36.83 | +14.5% | Jan 20, 2026 |
| UBS | Greg Orrill | $36 | $33.98 | +0.6% | Dec 17, 2025 |
| Wells Fargo | Analyst unavailable | $45 | $33.47 | +25.7% | Dec 12, 2025 |
| Morgan Stanley | David Arcaro | $40 | $35.5 | +11.7% | Nov 20, 2025 |
| Wells Fargo | Analyst unavailable | $43 | $37.46 | +20.1% | Oct 27, 2025 |
| Morgan Stanley | Analyst unavailable | $41 | $37.82 | +14.5% | Oct 22, 2025 |
| BTIG | Alex Kania | $44 | $37.52 | +22.9% | Oct 21, 2025 |
| BMO Capital | James Thalacker | $41 | $37.67 | +14.5% | Oct 21, 2025 |
| Barclays | Nicholas Campanella | $40 | $37.44 | +11.7% | Oct 14, 2025 |
| UBS | Analyst unavailable | $39 | $36.94 | +8.9% | Oct 10, 2025 |
| Evercore ISI | Nicholas Amicucci | $43 | $37.15 | +20.1% | Oct 6, 2025 |
| Morgan Stanley | Analyst unavailable | $38 | $36.16 | +6.1% | Sep 25, 2025 |
| Jefferies | Paul Zimbardo | $39 | $32.66 | +8.9% | Oct 21, 2024 |
| Jefferies | Paul Zimbardo | $38 | $31.79 | +6.1% | Sep 19, 2024 |
| Bank of America Securities | Paul Cole | $34 | $31.34 | -5.0% | Aug 29, 2024 |
| Argus Research | Jacob Kilstein | $33 | $28.18 | -7.8% | Jun 10, 2024 |
| Morgan Stanley | David Arcaro | $32 | $28.64 | -10.6% | May 28, 2024 |
| Wells Fargo | Neil Kalton | $32 | $28 | -10.6% | May 2, 2024 |
| Argus Research | Jacob Kilstein | $30 | $27.18 | -16.2% | Mar 8, 2024 |
| Seaport Global | Angie Storozynski | $28.5 | $26.08 | -20.4% | Aug 4, 2023 |
| Morgan Stanley | Analyst unavailable | $26 | $27.42 | -27.4% | Nov 11, 2022 |
| Bank of America Securities | Paul Zimbardo | $33 | $30.24 | -7.8% | Aug 15, 2022 |
| Mizuho Securities | Anthony Crowdell | $29 | $27.85 | -19.0% | Jul 26, 2022 |
| Evercore ISI | Greg Gordon | $30 | $27.05 | -16.2% | Jul 7, 2022 |
| Credit Suisse | Analyst unavailable | $33 | $29.76 | -7.8% | Apr 26, 2022 |
| Morgan Stanley | Analyst unavailable | $32 | $30.12 | -10.6% | Apr 20, 2022 |
| Wolfe Research | Steve Fleishman | $30 | $26.58 | -16.2% | Mar 10, 2022 |
| Wells Fargo | Neil Kalton | $31 | $26.81 | -13.4% | Feb 22, 2022 |
| Citigroup | Ryan Levine | $33 | $28.97 | -7.8% | Sep 10, 2021 |
Track every rating change on PPL the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationPPL 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.
Historical context
All PPL earningsUtilities peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| AEE Ameren Corporation | FY2026 Q3 · Calendar Q4 2026 | +5.7% | +0.0% | Ameren lifts 2026 outlook as five-year investment plan expands |
| PPLC PPL Corporation | FY2026 Q3 · Calendar Q4 2026 | — | -1.2% | PPL raises long-term EPS growth target as capital plan expands |
| VST Vistra Corp. | FY2026 Q3 · Calendar Q4 2026 | — | +10.5% | Vistra Raises 2026 Outlook as Record Q3 EBITDA and Cogentrix Expand Capacity |
| BIP Brookfield Infrastructure Partners L.P. | FY2026 Q3 · Calendar Q4 2026 | — | +3.8% | BIP reports 10% per-unit FFO growth as AI infrastructure expands |
| BIP-PA Brookfield Infrastructure Partners L.P. | FY2026 Q3 · Calendar Q4 2026 | — | — | Brookfield Infrastructure’s FFO growth meets rising AI execution demands |
| SREA Sempra | FY2026 Q3 · Calendar Q4 2026 | +14.8% | -0.1% | Sempra sees Texas transmission growth offset California regulatory risk |
Latest beats and misses
Who reports nextBeat on EPS
- AEEFY2026 Q3 · November 5, 2026+5.7% EPS+0.0% move
- SUZFY2026 Q3 · November 5, 2026+94.1% EPS+1.7% move
- DVNFY2026 Q3 · November 5, 2026+6.8% EPS-1.6% move
- RGAFY2026 Q3 · November 5, 2026+21.8% EPS+0.1% move
- REGFY2026 Q3 · November 5, 2026+94.1% EPS-1.4% move
- EOGFY2026 Q3 · November 5, 2026+8.9% EPS+2.2% move
Missed on EPS
- REGCOFY2026 Q3 · November 5, 2026-32.6% EPS+2.0% move
- REGCPFY2026 Q3 · November 5, 2026-32.6% EPS+0.6% move
- DKNGFY2026 Q3 · November 5, 2026-29.2% EPS-23.4% move
- WPMFY2026 Q3 · November 5, 2026-1.1% EPS+2.2% move
- CPTFY2026 Q3 · November 5, 2026-27.2% EPS-3.1% move
- VMRKFY2026 Q3 · November 4, 2026-425.6% EPS+2.4% move
Get the PPL recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-11-06T23:08:44.777930+00:00
- FN2 earnings calendar · 2026-11-06T01:23:16.275024+00:00
- Polygon adjusted daily market bars · 2026-11-06T23:10:45.085395+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-06T23:10:45.081614+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-06. For educational purposes only; not investment advice.