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/Mis Actual Consensu

s s

Estimate

Q3 Beat $0.48 $0.47 (8

Adjusted Analysts

EPS )

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 ( PPL ) 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:

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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.)