PPL Corporation · PPL · Next earnings

PPL Corporation reports Wednesday, Nov 4, 2026

PPL reports before market open with consensus EPS at $0.53 and revenue at $2.42B. Last quarter: PPL Q1 2026: EPS and Revenue Beat, Data-Center Pipeline Grows to 28.3 GW

Reports Before market open45 days awayDate estimated Utilities

What the street expects

Consensus for the coming report
Consensus EPS $0.53 Calendar consensus
Consensus revenue $2.42B Calendar consensus
Report date Nov 4, 2026 Wednesday, date estimated
Session Before market open 45 days away

Where PPL left off: FY2026 Q1

Full report

PPL Q1 2026: EPS and Revenue Beat, Data-Center Pipeline Grows to 28.3 GW

EPS surprise +2.3% Reported $0.63 vs $0.62
Revenue surprise +10.6% Reported $2.77B vs $2.51B
Stock move -2.3% Event window
Subsequent drift -1.6% Up to 20 sessions

PPL reaffirmed its 2026 ongoing earnings guidance of $1.90-$1.98 per share, unchanged from the prior quarter's introduction. The 6%-8% EPS CAGR target through 2029 was maintained. The $5.1 billion 2026 capital plan and $23 billion 2026-2029 investment program remain on track, with management now signaling at least $500 million in incremental transmission capex for data-center load beyond the existing $1.3 billion transmission plan. Guidance sentiment was maintained across both quarters.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Regulatory approval delays in the Kentucky rate case reconsideration and Rhode Island ISR filings could defer cost recovery.
  • Execution risk and timeline uncertainty around the Blackstone JV commercial contracts and ESSA agreements with hyperscalers.
  • Dependence on continued hyperscaler commitments for data-center load growth and associated generation contracts.
  • Potential legislative changes affecting regulated generation economics and PJM backstop auction rules.
  • Higher operating costs, depreciation, and interest expense from the expanded $23 billion capex program could pressure margins.

Questions analysts left open

  • Timeline for finalizing Genco JV contracts and ESSAs with hyperscalers.
  • Magnitude of incremental capex needed beyond the $500 million transmission signal to fully serve data-center growth.
  • Impact of the PJM backstop auction (RBA) on PPL's competitive generation strategy.
  • Details of turbine reservations and interconnection queue submissions for new generation.
  • Potential effects of proposed Pennsylvania legislation on regulated generation and capacity market economics.

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Recent PPL quarters

All PPL earnings
-2.3%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.