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PPL

PPL

PPL Corporation is a leading utility holding company that provides essential energy services through its regulated subsidiaries.

Market cap
$27.08B+8.3%
Revenue$9.3B+7.5%
Net income$1.2B+22.5%
Free cash flow-$1.6B-9.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$2.2B
EPS estimate$0.35

Financials

Q1 2026

Income statement

See full
Revenue$2.8B+10.8%
Operating income$745.0M+9.9%
Net income$452.0M+9.2%

Balance sheet

See full
Cash & equivalents$1.3B+268%
Total debt$19.2B+15.1%
Total equity$15.0B+5.1%
Total assets$46.3B+10.8%

Cash flow

See full
Operating cash flow$557.0M+8.6%
CapEx$1.1B+33.4%
Free cash flow-$501.0M-78.9%

Valuation & ratios

Valuation

See full
Market cap$27.08B+8.3%
Enterprise value$45.07B+9.2%
P/E22.2×-3.1×
P/S2.9×+0.1×

Profitability

See full
Operating margin23.6%+2.0pp
Net margin13.1%+1.6pp
FCF margin-17.4%

Returns & leverage

See full
Return on equity8.3%+1.3pp
Debt / equity1.3×+0.1×
Current ratio+0.2×

Competitors

Profile

PPL Corporation is a leading utility holding company that provides essential energy services through its regulated subsidiaries. The company delivers electricity and natural gas to millions of customers across Pennsylvania, Kentucky, Virginia, and Rhode Island, while also operating a significant power generation portfolio in Kentucky. Its core value proposition centers on maintaining a reliable, modernized energy grid and transitioning toward a net-zero carbon emission goal by 2050.

Competitive position

PPL operates as a regulated monopoly in its distribution service territories, facing indirect competition from alternative energy sources and competitive generation suppliers in deregulated markets.

GeographiesPennsylvania, Kentucky, Virginia, Rhode Island, United States
Customer segmentsRetail Consumers, Commercial Enterprises, Industrial Manufacturers, Wholesale Municipalities
Business modelRegulated Monopoly, Cost-plus Regulation, Vertical Integration
SuppliersCoal suppliers, Natural gas producers, Interstate pipeline operators, Solar facility developers, Power plant equipment manufacturers
CustomersResidential households, Small and large businesses, Industrial facilities, Municipal utility systems
Listed1948
Employees6.6K
CEOVincent Sorgi
SectorUtilities
Websitepplweb.com
FilingsSEC EDGAR

Questions, answered.

What is PPL's market cap?
PPL (PPL) has a market capitalization of $27.1B and trades on NYSE.
What is PPL's revenue and profitability?
PPL generated $9.3B in trailing twelve-month revenue with net income of $1.2B, representing a net margin of 13.1%, with free cash flow of -$1.6B. These figures are based on the Q1 2026 filing.
Who are PPL's competitors?
PPL's key competitors include Exelon Corporation, FirstEnergy Corp., American Electric Power, and others. These companies compete in similar markets and product categories.
Who does PPL partner with?
PPL's notable partners include Tennessee Valley Authority, TranServ International, Inc., PJM Interconnection, and others.
What subsidiaries does PPL have?
PPL's subsidiaries include PPL Electric Utilities Corporation, Louisville Gas and Electric Company, Kentucky Utilities Company, and others.
Where is PPL headquartered?
PPL is headquartered in United States of America and employs approximately 6,629 people. It has been publicly traded since 1948.