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PPL PPL Q4 2025 Annual earnings

Reported February 20, 2026 · Before market open

Revenue$2.3BMiss by $146.4MDiluted EPS$0.41Beat by $0.00
Revenue estimate$2.4B
EPS estimate$0.41

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$2.3B+2.8%
Operating income$476.0M+26.3%
Net income$266.0M+50.3%
EPS (diluted)$0.36+50.0%

Balance sheet

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Cash & equivalents$1.1B+220%
Total debt$18.4B+13.5%
Total equity$14.9B+5.7%
Total assets$45.2B+10.2%

Cash flow

See full
Operating cash flow$548.0M+7.2%
CapEx$1.2B+35.1%
Free cash flow-$614.0M-75.9%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$25.91B+8.1%
Enterprise value$43.27B+8.5%
P/E21.9×-5.0×
P/S2.9×0.0×

Profitability

See full
Operating margin23.5%+3.0pp
Net margin13.1%+2.6pp
FCF margin-15.5%—

Returns & leverage

See full
Return on equity8.2%+1.8pp
Debt / equity1.2×+0.1×
Current ratio0.9×0.0×

Versus estimates

Revenue

Q1 2026$2.8BBeat by $265.6M
Q4 2025$2.3BMiss by $146.4M
Q3 2025$2.2BBeat by $184.2MQ3 2025$2.0BBeat by $210.7MQ1 2025$2.5BBeat by $353.5MQ4 2024$2.2BMiss by $294.1M

Diluted EPS

Q1 2026$0.63Beat by $0.02
Q4 2025$0.41Beat by $0.00
Q3 2025$0.48Beat by $0.02Q3 2025$0.32Miss by $0.07Q1 2025$0.60Beat by $0.05Q4 2024$0.34Miss by $0.03

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Questions, answered.

When did PPL report Q4 2025 earnings?
PPL (PPL) reported Q4 2025 earnings on February 20, 2026 before market open.
What were PPL's Q4 2025 revenue and EPS?
PPL reported revenue of $2.3B and diluted EPS of $0.41 for Q4 2025.
Did PPL beat estimates in Q4 2025?
Revenue missed the consensus estimate of $2.4B by $146.4M. EPS beat the consensus estimate of $0.41 by $0.00.
How did PPL's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.8% from $2.2B a year earlier and diluted EPS grew 20.6% from $0.34.
Where can I find PPL's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000922224-26-000006) and the 10-K periodic report (0000922224-26-000008) directly on SEC EDGAR. The filing index links above go to sec.gov.