Utility PPL beats Q3 adjusted EPS estimates, narrows FY profit forecast

PPL

05/11/2025 12:42

Overview

PPL Q3 adjusted EPS of $0.48 beats analyst expectations

Reported Q3 2025 EPS of $0.43, up from $0.29 in 2024

Company narrows 2025 earnings forecast

Outlook

PPL narrows 2025 ongoing EPS forecast to $1.78-$1.84, from $1.75 to $1.87

Company reaffirms 6%-8% annual EPS and dividend growth targets through 2028

PPL highlights regulatory milestones in Kentucky impacting future operations

Result Drivers

KENTUCKY SEGMENT - Higher sales volumes due to weather, capital investments, and lower operating costs drove earnings growth, partially offset by higher interest expenses

PENNSYLVANIA SEGMENT - Increased transmission revenue from capital investments and regulatory rider recovery boosted earnings, despite higher interest expenses

RHODE ISLAND SEGMENT - Lower operating costs contributed to earnings growth, despite some offsetting factors

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
$0.48
$0.47 (8 Analysts)
Q3 EPS
$0.43


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the multiline utilities peer group is "buy"

Wall Street's median 12-month price target for PPL Corp is $41.00, about 11.6% above its November 4 closing price of $36.25

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn8Wf0Gha

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)