PPL Stock Price, News & Analysis

PPL (NYSE: PPL) priced $1.0 billion of 3.000% Exchangeable Senior Notes due 2030 through PPL Capital Funding, with initial purchasers granted a 13-day option for an additional $150 million. The offering is expected to settle on November 24, 2025 and to yield approximately $988.8 million net proceeds (assuming no option exercise) for repayment of short-term debt and general corporate purposes.

Notes bear interest semi-annually, are exchangeable at 23.4412 shares per $1,000 (≈$42.66 per share, ~20% exchange premium to the Nov 19, 2025 NYSE close), are senior unsecured and guaranteed by PPL, and include customary exchange, redemption and repurchase provisions.

PPL Capital Funding (NYSE: PPL) announced a proposed private placement of $1.0 billion aggregate principal amount of Exchangeable Senior Notes due December 1, 2030, with an initial purchasers' option for up to an additional $150 million. The notes will be senior, unsecured obligations of PPL Capital Funding and fully guaranteed on a senior, unsecured basis by PPL Corporation.

The notes accrue interest payable semi-annually, will be exchangeable for cash, shares of PPL common stock, or a combination, and are subject to specified exchange periods and conditions before September 1, 2030. PPL Capital Funding may not redeem the notes before December 5, 2028. Net proceeds are intended to repay short-term debt and for general corporate purposes.

Accenture (NYSE: ACN) and Apptio announced on November 11, 2025 an expanded partnership to deliver a technology financial management platform for PPL Corporation, a U.S. energy company serving more than 3.6 million customers. The solution, powered by Apptio, automates reporting and provides real‑time financial data to improve technology spending decisions as PPL transitions from legacy systems to cloud, AI, automation and advanced analytics.

The collaboration targets FinOps and TBM adoption across North America, aims to reduce unnecessary technology costs, and notes Accenture earned Apptio Americas ITFM Partner of the Year 2025.

PPL (NYSE: PPL) reported Q3 2025 GAAP earnings of $0.43 per share ($318M) and ongoing EPS of $0.48 versus $0.42 in Q3 2024. Year-to-date reported EPS were $1.23 and ongoing EPS were $1.40.

The company narrowed 2025 ongoing EPS guidance to $1.78–$1.84 (midpoint $1.81) and reaffirmed 6%–8% annual EPS and dividend growth through at least 2028, expecting EPS growth in the top half of that range. Key regulatory progress includes a Oct. 28 KPSC Certificate approving two new 645-MW combined-cycle units available in 2030 and 2031.

PPL (NYSE:PPL) subsidiaries Louisville Gas and Electric and Kentucky Utilities received Kentucky Public Service Commission approval on Oct. 28, 2025 to construct two new 645-megawatt natural gas combined-cycle units — Brown 12 and Mill Creek 6 — and to add a selective catalytic reduction (SCR) system to Ghent Unit 2.

The companies reached a July 29 stipulation that preserved most generation projects, withdrew a proposed battery storage project (with right to file later), and extended Mill Creek 2 operation until Mill Creek 6 is in service. Brown 12 is expected online in 2030, Mill Creek 6 in 2031, and the Ghent 2 SCR in 2028. The Commission declined to approve two proposed rate mechanisms but may review them in other proceedings.

PPL (LG&E and KU) reached an agreement with the majority of intervenors on base-rate requests filed May 30, 2025, and submitted the settlement to the Kentucky Public Service Commission on Oct 20, 2025. New rates would take effect no earlier than Jan 1, 2026.

The agreement funds continued system hardening (stronger wires/poles, steel transmission poles, automation), technology upgrades (advanced meters, IT), and gas-system projects including the Bullitt County pipeline. Recent investments reduced outage frequency by 40% and outage duration by 30%.

Under the deal LG&E would receive $58M electric and $45M gas, and KU would receive $132M electric. Estimated residential bill impacts: KU electric +$9/month, LG&E electric +$5.04/month, LG&E gas +$8.10/month.

PPL (NYSE: PPL) will release consolidated third-quarter 2025 earnings on Wednesday, Nov. 5, 2025. A conference call with Vincent Sorgi, president and CEO, and other executives will begin at 11:00 a.m. Eastern Time and will be webcast live in audio with slides.

Investors can access the webcast at www.pplweb.com/investors under Events and Presentations or join by telephone at 1-844-512-2926 (U.S.) or 1-412-317-6300 (international) using Elite Entry number 8181402. A replay with slides will be available at the same investor site for 90 days after the call.

PPL Electric Utilities (NYSE:PPL) has filed its first distribution base rate request in 10 years to fund critical infrastructure investments. The company is seeking a $356 million distribution base rate revenue increase, representing an 8.6% increase in total annual revenue. The net increase requested is just over $300 million, as $50 million is already reflected in customer bills.

If approved, residential customers using 1,000 kWh/month would see an increase of $13 monthly, while typical commercial and industrial customers would experience increases of $8 and $514 per month, respectively. The new rates would take effect on July 1, 2026.

The investment will support grid modernization, weather resilience improvements, and enhanced customer service systems. PPL Electric has maintained operating expenses 25% below inflation since 2015, with only a 7.4% nominal increase in operating and maintenance expenses.

PPL Corporation (NYSE: PPL) has announced its latest quarterly dividend payment. The company declared a dividend of $0.2725 per share, which will be paid on October 1, 2025. Shareholders who are on record as of September 10, 2025 will be eligible to receive this dividend payment.