What is PPL's free cash flow?

PPL (PPL) reported free cash flow of -$501M in Q1 2026.

How has PPL's free cash flow changed year-over-year?

PPL's free cash flow decreased by 78.9% year-over-year, from -$280M to -$501M.

What does free cash flow mean?

Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

PPL PPL Free cash flow

Discontinued — last reported Q1 '26

Free cash flow at other companies

American Electric PowerAEP

$554M-61.8%

FirstEnergyFE

-$1.11B-201%

Chesapeake Utilities CorporationCPK

-$23.9M+17.0%

PNW

Pinnacle West CapitalPNW

——

Essential UtilitiesWTRG

——

EVR

EvergyEVRG

——

Other financials

Income statement

See full

Revenue$2.8B+10.8%

Operating income$745.0M+9.9%

Net income$452.0M+9.2%

EPS (diluted)$0.36+50.0%

Balance sheet

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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

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Operating cash flow$557.0M+8.6%

CapEx$1.1B+33.4%

Valuation

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Market cap$27.35B+11.7%

Enterprise value$45.34B+11.3%

P/E22.4×-2.4×

P/S2.9×+0.2×

Profitability

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Operating margin23.6%+2.0pp

Net margin13.1%+1.6pp

FCF margin-17.4%—

Returns & leverage

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Return on equity8.3%+1.3pp

Debt / equity1.3×+0.1×

Current ratio1×+0.2×

Where this comes from

Calculated from PPL’s reported figures.

$557.0Mnet cash from operating−$1.1Bcapital expenditures=-$501M

The official record: PPL’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PPL's free cash flow?: PPL (PPL) reported free cash flow of -$501M in Q1 2026.
How has PPL's free cash flow changed year-over-year?: PPL's free cash flow decreased by 78.9% year-over-year, from -$280M to -$501M.
What does free cash flow mean?: Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.