PPL reports Q3 2026 earnings, raises long‑term EPS outlook and announces $25 B capital plan
PPL Corporation posted third‑quarter 2026 GAAP earnings of $0.49 per share and adjusted earnings of $0.54 per share, beating analyst estimates on the adjusted basis. The utility narrowed its full‑year 2026 adjusted EPS guidance to $1.92‑$1.96 per share, issued 2027 guidance of $2.06‑$2.14 per share, and lifted its long‑term annual EPS growth target to 7‑9% through 2030. It also unveiled a $25 billion capital plan for 2027‑2030, aimed at 10% average annual rate‑base growth, and announced a 2‑GW generation agreement with Invitium Energy for a QTS data‑center project in Pennsylvania.
Why it matters
The higher earnings guidance and expanded capital plan suggest stronger cash flow and growth potential, which could support the company’s dividend and credit metrics. Analysts note that the data‑center agreement provides a new large‑load revenue source and may boost future earnings.
Key facts
- 1GAAP earnings for Q3 2026 were $0.49 per share. prnewswire.com
- 2Adjusted (ongoing) earnings for Q3 2026 were $0.54 per share, up from $0.48 in 2025. prnewswire.com
- 3Full‑year 2026 adjusted EPS guidance was narrowed to $1.92‑$1.96 per share, with a midpoint of $1.94. prnewswire.com
- 42027 adjusted EPS guidance was set at $2.06‑$2.14 per share, a midpoint of $2.10 representing an 8.2% increase over the 2026 midpoint. prnewswire.com
- 5Long‑term annual EPS growth target was raised to 7%‑9% through at least 2030. prnewswire.com
- 6The company announced a $25 billion capital plan for 2027‑2030, $2 billion higher than the prior plan, targeting average annual rate‑base growth of 10%. prnewswire.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.