Every material Form 8-K PPL has filed with the SEC since August 02, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
PPL reported third-quarter 2026 GAAP earnings of $367 million, or $0.49 per share, compared with $318 million, or $0.43 per share, in the third quarter of 2025. The company also narrowed its full-year 2026 ongoing earnings forecast to a range of $1.92 to $1.96 per share and increased its long-term annual EPS growth target to 7% to 9% through at least 2030, supported by a $25 billion capital investment plan.
Announced third-quarter 2026 reported GAAP earnings of $0.49 per share on net income of $367 million.
Achieved third-quarter ongoing EPS of $0.54 compared to $0.48 in 2025.
Increased long-term annual EPS growth target to 7% to 9% through at least 2030.
Announced a $25 billion capital plan for 2027 to 2030, driving average annual rate base growth of 10%.
PPL reported second-quarter 2026 earnings of $230 million, or $0.30 per share, up from $0.25 a year earlier, and ongoing earnings of $0.33 per share versus $0.32. The company reaffirmed its 2026 ongoing earnings forecast of $1.90 to $1.98 per share and its 6% to 8% annual EPS growth target through at least 2029. It also estimates $10 billion to $12 billion of potential investment upside through 2032 tied to generation needs, while its business plan excludes earnings and investments from the Invitium Energy joint venture.
Reported net income of $230 million ($0.30 per share) for Q2 2026, versus $183 million ($0.25) in Q2 2025; operating revenues were $2.11 billion versus $2.03 billion.
Ongoing earnings were $0.33 per share for Q2 2026, versus $0.32 a year earlier; ongoing earnings for the first six months were $0.96 per share versus $0.92.
2026 ongoing EPS forecast range of $1.90 to $1.98 was reaffirmed, with a midpoint of $1.94 per share.
Estimated $10 billion to $12 billion of investment upside through 2032; Invitium Energy expects one or more commercial agreements by the end of 2026.
PPL Corporation's board elected Kenneth M. Hartwick as a director, effective July 1, 2026. He previously served as president and chief executive officer of Ontario Power Generation from 2019 to 2025, and the filing says his utility CEO and CFO experience will strengthen the board. The filing does not describe any financial effect on PPL, and Hartwick will receive the same non-employee director compensation as other directors.
Board elected Hartwick on June 30, 2026, effective July 1, 2026.
Hartwick was president and CEO of Ontario Power Generation from 2019 to 2025.
He will serve on the People and Compensation Committee and Finance Committee.
With his appointment, the board will have 10 directors.
The Narragansett Electric Company, doing business as Rhode Island Energy and a wholly owned subsidiary of PPL Corporation, issued $400 million of 6.000% senior notes due May 15, 2056 on May 18, 2026. The company expects net proceeds of $396.3 million, which it intends to use to repay short-term debt incurred mainly for capital expenditures and general corporate purposes. The notes are not guaranteed by PPL Corporation, so the obligation sits at the subsidiary level.
$400 million principal at a 6.000% annual rate, with interest paid semiannually on May 15 and November 15, beginning November 15, 2026
Net proceeds of $396.3 million before other fees and expenses, to be used to repay short-term debt
Senior unsecured notes not guaranteed by PPL Corporation or its other subsidiaries; issued under a Seventh Supplemental Indenture dated May 18, 2026 with The Bank of New York Mellon
At its May 13, 2026 Annual Meeting, PPL Corporation shareowners elected all nine director nominees, approved an advisory vote on 2025 executive pay, and approved the Second Amended and Restated 2012 Stock Incentive Plan, which took effect on approval. Shareowners also ratified Deloitte & Touche LLP as the independent auditor for 2026.
All nine director nominees were elected, including Raja Rajamannar and Vincent Sorgi.
The Second A&R SIP was approved with 582,471,858 votes for and 16,548,521 against.
Shareowners ratified Deloitte & Touche LLP for the year ending December 31, 2026, with 662,634,703 votes for and 6,313,167 against.
The advisory vote on 2025 named executive officer compensation received 580,083,934 votes for and 18,747,637 against.
PPL reported first-quarter 2026 GAAP earnings of $452 million, or $0.60 per share, up from $414 million, or $0.56 per share, a year earlier. Earnings from ongoing operations were $478 million, or $0.63 per share, compared with $444 million, or $0.60 per share, in the first quarter of 2025. The company reaffirmed its 2026 ongoing EPS forecast of $1.90 to $1.98 and its 6% to 8% annual EPS growth target through at least 2029.
Operating revenues rose to $2,774 million from $2,504 million in the first quarter of 2025.
Reported EPS was $0.60 versus $0.56; ongoing EPS was $0.63 versus $0.60.
2026 ongoing EPS forecast reaffirmed at $1.90 to $1.98, with a $1.94 midpoint.
Pennsylvania base rate case settlement awaits a Public Utility Commission decision expected by the end of the second quarter of 2026, with new rates effective July 1, 2026.
PPL Corporation completed an offering of 23,000,000 equity units on February 26, 2026, including the full exercise of the underwriters' over-allotment option. Each unit has a $50 stated amount and combines a stock purchase contract with a beneficial interest in remarketable senior notes issued by PPL Capital Funding, Inc. and guaranteed by PPL, so the offering can add future common stock issuance for holders who settle the contracts.
Offering covered 20,000,000 units plus 3,000,000 over-allotment units, for 23,000,000 units in total, completed February 26, 2026.
Each unit has a $50 stated amount and total annual distributions of 7.00%, made up of 2.98% contract adjustment payments and 4.02% note interest.
Stock purchase contracts require holders to buy common stock for $50 in cash no later than February 15, 2029.
Underwriters for the offering were J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC and RBC Capital Markets, LLC.
PPL Corporation reported 2025 reported earnings of $1.18 billion, or $1.59 per share, up from $888 million, or $1.20 per share, in 2024, and earnings from ongoing operations of $1.34 billion, or $1.81 per share, up from $1.69. The company forecast 2026 earnings of $1.90 to $1.98 per share, raised its capital plan to $23 billion for 2026 through 2029, and increased its quarterly dividend, which matters to shareholders because it sets out higher expected earnings and dividend growth.
Reported 2025 earnings were $1.18 billion, or $1.59 per share, compared with $888 million, or $1.20 per share, in 2024.
Earnings from ongoing operations were $1.34 billion, or $1.81 per share, compared with $1.69 per share in 2024.
2026 earnings forecast range is $1.90 to $1.98 per share, with a midpoint of $1.94 per share, a 7.2% increase over 2025 ongoing earnings.
Quarterly common dividend rises to $0.2850 per share from $0.2725, payable April 1, 2026, to shareowners of record as of March 10, 2026.
PPL Capital Funding, a PPL subsidiary, issued $1.15 billion of 3.000% exchangeable senior notes due December 1, 2030, including an extra $150 million from the full exercise of the initial purchasers' option. Net proceeds were $1.14 billion, which the company intends to use to repay short-term debt and for general corporate purposes. The notes can be exchanged for PPL common stock at an initial price of about $42.66 per share, a 20.0% premium to the $35.55 reference price, and the filing says a maximum of 32,348,695 shares could be issued on exchange.
PPL reported third-quarter 2025 reported earnings of $318 million, or $0.43 per share, up from $214 million, or $0.29 per share, a year earlier. Earnings from ongoing operations were $355 million, or $0.48 per share, versus $0.42 a year ago. The company narrowed its 2025 ongoing earnings forecast to $1.78 to $1.84 per share from $1.75 to $1.87, keeping the midpoint at $1.81, and reaffirmed 6% to 8% annual EPS and dividend growth through at least 2028.
Q3 2025 reported earnings $318 million ($0.43 per share) vs. $214 million ($0.29) in Q3 2024
Q3 2025 ongoing earnings $355 million ($0.48 per share) vs. $310 million ($0.42) a year earlier
2025 ongoing EPS forecast narrowed to $1.78-$1.84 from $1.75-$1.87; midpoint unchanged at $1.81
Oct. 28 Kentucky PSC decision granted CPCN for two 645-megawatt gas combined-cycle units, available 2030 and 2031
PPL reported second-quarter 2025 revenue of $2,025 million, up from $1,881 million a year earlier, but net income fell to $183 million from $190 million. Earnings from ongoing operations declined to $0.32 per share from $0.38, which the company attributed mainly to timing of operating costs and true-ups, favorable weather in 2024, and higher interest expense. PPL reaffirmed its 2025 ongoing earnings forecast of $1.75 to $1.87 per share, with a midpoint of $1.81.
Q2 2025 reported EPS was $0.25 versus $0.26 in Q2 2024; reported net income was $183 million versus $190 million.
Q2 2025 ongoing EPS was $0.32 versus $0.38; first-half ongoing EPS was flat at $0.92.
Operating revenues rose to $2,025 million in Q2 2025 from $1,881 million, and first-half revenues were $4,529 million versus $4,185 million.
2025 ongoing EPS forecast reaffirmed at $1.75 to $1.87, with the company expecting at least the $1.81 midpoint.
PPL Corporation reported first-quarter 2025 reported (GAAP) net income of $414 million, or $0.56 per share, up from $307 million, or $0.42 per share, a year earlier. Earnings from ongoing operations (non-GAAP) were $0.60 per share versus $0.54, and the company reaffirmed its 2025 ongoing earnings forecast of $1.75 to $1.87 per share, with a midpoint of $1.81. For shareholders, profit rose and guidance was unchanged rather than raised or cut.
Reported net income was $414 million, or $0.56 per share, versus $307 million, or $0.42 per share, in Q1 2024.
Earnings from ongoing operations were $444 million, or $0.60 per share, versus $402 million, or $0.54 per share.
Operating revenues were $2,504 million versus $2,304 million a year earlier.
PPL reaffirmed its 2025 ongoing EPS forecast range of $1.75 to $1.87 and 6% to 8% annual EPS and dividend growth through at least 2028.
PPL reported 2024 net income of $888 million, or $1.20 per share, up from $1.00 in 2023, and earnings from ongoing operations of $1.69 per share, up from $1.60. The company set a 2025 earnings forecast of $1.75 to $1.87 per share and raised its capital plan to $20 billion for 2025 through 2028, which it says will require $2.5 billion in equity.
2024 reported EPS $1.20 vs. $1.00 in 2023; ongoing EPS $1.69 vs. $1.60
Fourth-quarter 2024 ongoing EPS was $0.34, down from $0.40 a year earlier
2025 EPS forecast range $1.75 to $1.87, midpoint $1.81; growth targets of 6% to 8% extended through at least 2028
Quarterly common dividend raised about 6%, from $0.2575 to $0.2725 per share, payable April 1, 2025
PPL's board eliminated the Executive Vice President and Chief Operating Officer position as part of an internal reallocation of executive duties, and Francis X. Sullivan will leave the company without cause effective April 4, 2025. His duties will be delegated to other officers, and he will receive severance under the company's Executive Severance Plan, subject to a release of claims.
Position eliminated: Executive Vice President and Chief Operating Officer, approved by the board on January 13, 2025
Francis X. Sullivan's separation without cause is effective April 4, 2025
Sullivan is eligible for severance, a pro rata 2025 annual bonus based on actual performance, and vesting of 2023, 2024 and 2025 equity grants due to retirement age
Separation agreement dated January 14, 2025 is filed as Exhibit 10.1
PPL reported third-quarter 2024 GAAP earnings of $214 million, or $0.29 per share, down from $0.31 a year earlier, while ongoing earnings were $0.42 per share versus $0.43. The company narrowed its 2024 ongoing earnings forecast to $1.67 to $1.73 per share, raising the midpoint by a penny to $1.70, and reaffirmed 6% to 8% annual earnings and dividend growth through at least 2027.
Q3 2024 revenue was $2,066 million, up from $2,043 million in Q3 2023; Q3 reported net income was $214 million versus $230 million.
Nine-month 2024 ongoing earnings were $994 million, or $1.34 per share, compared with $1.20 per share in the first nine months of 2023.
2024 ongoing earnings forecast narrowed to $1.67 to $1.73 per share from $1.63 to $1.75; midpoint rose to $1.70 from $1.69.
Special items, primarily Rhode Island Energy integration costs, reduced Q3 reported earnings by $96 million after tax, or $0.13 per share.
PPL Corporation reported second-quarter 2024 net income of $190 million, or $0.26 per share, up from $112 million, or $0.15 per share, a year earlier. Earnings from ongoing operations rose to $0.38 per share from $0.29, and the company reaffirmed its 2024 ongoing earnings forecast of $1.63 to $1.75 per share, with reaffirmed annual earnings and dividend growth of 6% to 8% through at least 2027.
Q2 2024 reported net income was $190 million, or $0.26 per share, versus $112 million, or $0.15 per share, in Q2 2023.
Q2 2024 earnings from ongoing operations were $282 million, or $0.38 per share, versus $215 million, or $0.29 per share, a year earlier.
Operating revenues were $1,881 million for Q2 2024, compared with $1,823 million in Q2 2023.
The 2024 ongoing earnings forecast of $1.63 to $1.75 per share, midpoint $1.69, was reaffirmed; special items were primarily Rhode Island Energy acquisition integration costs.
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