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PPL Corporation $PPL

Utilities · Electric Utilities · NYSE/NASDAQ

S&P 500 Russell 1000 Pennsylvania

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$34.61

+0.30 (+0.87%)

As of Oct 20, 2026, 6:42 PM EDT · cached

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Jul 20, 2026, the first target we tracked for PPL.

Key facts

52-week range (closes): $31.97 – $39.81 Lowest close Sep 24, 2026, highest Apr 9, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends: December Fiscal 2025 ended Dec 31, 2025, from SEC filings
In the S&P 500 since: Oct 1, 2001 · All S&P 500 changes
Analyst coverage: 3 open price targets from 3 firms: Bank of America, Jefferies, RBC Capital Markets Approved targets tracked here; see the analyst section below

PPL Corporation (PPL) is trading up at $34.61 (+0.87%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Utilities sector.

Analyst price targets on PPL

Current price targets from 3 firms average $39.3, median $39, ranging from $35 to $44 — the average is 14% above the current $34.6. Each is tracked to its date and scored the same way a member's call is.

RBC Capital Markets $33.2 → $35 by Sep 2027 Sector Perform Sep 15, 2026 via Investing.com · RBC Capital Markets's track record
Jefferies $35 → $44 by Aug 2027 Buy Aug 25, 2026 via Investing.com · Jefferies's track record
Bank of America $35.4 → $39 by Jul 2027 Buy Jul 20, 2026 via Investing.com · Bank of America's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

PPL Corporation revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

PPL Corporation annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$7.52B	$7.45B	$7.79B	$5.60B	$5.47B	$5.84B	$7.90B	$8.31B	$8.46B	$9.17B
Growth (year over year)	−2.0%	−0.9%	+4.5%	−28.0%	−2.3%	+6.6%	+35.4%	+5.2%	+1.8%	+8.4%
Operating income	$2.94B	$2.90B	$2.85B	$1.53B	$1.59B	$1.42B	$1.37B	$1.63B	$1.74B	$2.13B
Operating margin	39.1%	39.0%	36.6%	27.2%	29.0%	24.4%	17.4%	19.6%	20.6%	23.2%
Net income	$1.90B	$1.13B	$1.83B	$1.75B	$1.47B	−$1.48B	$756.0M	$740.0M	$888.0M	$1.18B
Net margin	25.3%	15.1%	23.5%	31.2%	26.8%	−25.4%	9.6%	8.9%	10.5%	12.9%
EPS (diluted)	$2.79	$1.64	$2.58	$2.37	$1.91	−$1.93	$1.02	$1.00	$1.20	$1.59
Balance sheet
Cash and equivalents	$341.0M	$485.0M	$621.0M	$815.0M	$442.0M	$3.57B	$356.0M	$331.0M	$306.0M	$1.07B
Total assets	$38.3B	$41.5B	$43.4B	$45.7B	$48.1B	$33.2B	$37.8B	$39.2B	$41.1B	$45.2B
Total liabilities	$28.4B	$30.7B	$31.7B	$32.7B	$34.7B	$19.5B	$23.9B	$25.3B	$27.0B	$30.4B
Long-term debt	$17.8B	$19.8B	$20.1B	$20.7B	$13.6B	$10.7B	$12.9B	$14.6B	$16.0B	$18.0B
Shareholders' equity	$9.90B	$10.8B	$11.7B	$13.0B	$13.4B	$13.7B	$13.9B	$13.9B	$14.1B	$14.9B
Cash flow
Operating cash flow	$2.89B	$2.46B	$2.82B	$2.43B	$2.75B	$2.27B	$1.73B	$1.76B	$2.34B	$2.63B
Capital expenditure	$2.92B	$3.13B	$3.24B	$2.24B	$2.27B	$1.97B	$2.15B	$2.39B	$2.81B	$4.03B
Free cash flow	−$30.0M	−$672.0M	−$417.0M	$184.0M	$476.0M	$297.0M	−$425.0M	−$632.0M	−$465.0M	−$1.40B
Dividends paid	$1.03B	$1.07B	$1.13B	$1.19B	$1.27B	$1.28B	$787.0M	$704.0M	$747.0M	$794.0M
Share buybacks	—	—	—	$0	$0	$1.00B	$0	$0	—	—

RevenueNet incomeNet margin (right axis, %)

PPL Corporation quarterly financial statements
	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026
Income statement
Revenue	$1.88B	$2.07B	$2.21B	$2.54B	$2.04B	$2.24B	$2.35B	$2.79B
Growth (year over year)	+3.2%	+1.1%	+8.9%	+10.5%	+8.5%	+8.3%	+6.2%	+9.4%
Operating income	$390.0M	$428.0M	$377.0M	$678.0M	$406.0M	$569.0M	$476.0M	$745.0M
Operating margin	20.7%	20.7%	17.1%	26.6%	19.9%	25.4%	20.3%	26.8%
Net income	$190.0M	$214.0M	$177.0M	$414.0M	$183.0M	$318.0M	$266.0M	$452.0M
Net margin	10.1%	10.4%	8.0%	16.3%	9.0%	14.2%	11.3%	16.2%
EPS (diluted)	$0.26	$0.29	$0.23	$0.56	$0.25	$0.43	$0.35	—
Balance sheet
Cash and equivalents	$282.0M	$542.0M	$306.0M	$312.0M	$294.0M	$1.10B	$1.07B	$1.24B
Total assets	$39.8B	$40.5B	$41.1B	$41.8B	$42.4B	$43.9B	$45.2B	$46.3B
Total liabilities	$25.8B	$26.4B	$27.0B	$27.5B	$28.1B	$29.5B	$30.4B	$31.3B
Long-term debt	$15.8B	$16.5B	$16.0B	$15.9B	$15.3B	$16.9B	$18.0B	$19.0B
Shareholders' equity	$14.1B	$14.1B	$14.1B	$14.3B	$14.3B	$14.4B	$14.9B	$15.0B
Cash flow
Operating cash flow	$766.0M	$781.0M	$511.0M	$513.0M	$602.0M	$966.0M	$548.0M	$557.0M
Capital expenditure	$670.0M	$679.0M	$860.0M	$793.0M	$930.0M	$1.15B	$1.16B	$1.06B
Free cash flow	$96.0M	$102.0M	−$349.0M	−$280.0M	−$328.0M	−$179.0M	−$614.0M	−$501.0M
Dividends paid	$190.0M	$190.0M	$190.0M	$190.0M	$202.0M	$201.0M	$201.0M	$202.0M

From PPL Corporation's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

PPL Corporation vs the Utilities sector and the S&P 500

PPL Corporation's latest reported figures next to the median of the other 30 S&P 500 Utilities companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

PPL Corporation compared with the median Utilities company and the median S&P 500 company
Measure	PPL Corporation	Utilities (30 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	+8.4%	+9.7%	+7.0%
Net margin, latest fiscal year	12.9%	13.7%	13.0%
Dividend per share, latest fiscal year	$1.09	$2.55	$2.40
Share price change, 1 year	−8.1%	−5.9%	+7.5%

PPL Corporation: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, PPL Corporation included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 30/496, net margin 30/496, dividend per share 28/349, 1-year price change 30/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 28 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

About PPL Corporation

PPL Corporation is an energy company headquartered in Allentown, Pennsylvania in the Lehigh Valley region of eastern Pennsylvania. The company is publicly traded on the New York Stock Exchange as NYSE: PPL and is part of the S&P 500. As of 2022, the company had $7.9 billion in revenue, 6,500 employees, over $37 billion in assets, and serves 3.6 million customers.

Source: Wikipedia — PPL Corporation