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PPL Corporation 10-Q Filings

PPL NYSE

Every 10-Q that PPL Corporation (PPL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow PPL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PPL filings page.

Rhea-AI Summary

PPL Corporation and its regulated utilities reported higher results for the quarter and six months ended June 30, 2026. Consolidated operating revenues were $2,111 million for the quarter and $4,885 million year‑to‑date, up from $2,025 million and $4,529 million in 2025. Quarterly net income rose to $230 million from $183 million, with diluted EPS of $0.30 versus $0.25; for six months, net income was $682 million versus $597 million and diluted EPS was $0.90 versus $0.80.

All three regulated segments (Kentucky, Pennsylvania and Rhode Island) remained profitable, and Rhode Island improved from a prior‑year loss in the quarter. Operating cash flow was strong at $1,140 million for six months. PPL continued heavy investment, with $2,339 million of property, plant and equipment expenditures and construction work in progress rising to $4,149 million. Long‑term debt increased to $19,789 million, reflecting $2,046 million of new issuances, while cash and cash equivalents declined to $332 million. The company paid common dividends of $0.285 per share in the quarter. Results reflect ongoing regulated rate recovery, sizable infrastructure programs and stable earnings across its utility platforms.

Rhea-AI Summary

PPL Corporation reported higher results for the quarter ended March 31, 2026. Operating revenues rose to $2,774 million from $2,504 million a year earlier, while net income increased to $452 million from $414 million. Basic and diluted earnings per share grew to $0.60 from $0.56.

Operating cash flow strengthened to $557 million, supporting heavy capital investment of $1,058 million in property, plant and equipment, mainly across regulated utilities in Pennsylvania, Kentucky and Rhode Island. Long‑term debt outstanding increased to $19,024 million, helped by $1,150 million of new issuances.

The Kentucky Regulated segment generated net income of $270 million, Pennsylvania Regulated $184 million and Rhode Island Regulated $36 million. Regulators in Kentucky approved base rate increases totaling $233 million of annual electric and gas revenues and authorized returns on equity of 9.775% for base rates and 9.675% for capital riders, alongside a new pilot generation recovery mechanism and a tariff aimed at very high-load customers such as data centers.

In Rhode Island, RIE requested a two‑year electric and gas base distribution rate plan seeking about $181 million of additional first‑year revenues and $49 million more in the second year, with a proposed 10.75% ROE. PPL also described ongoing work to satisfy a hold‑harmless commitment to Rhode Island customers via bill credits and noted that recent federal tax law changes, including the One Big Beautiful Bill Act and related IRS guidance, are not currently expected to materially limit its clean energy tax credits.

Rhea-AI Summary

PPL Corporation updated its significant accounting policies to include a clear reconciliation of cash, cash equivalents and restricted cash between the Balance Sheets and Statements of Cash Flows.

As of September 30, 2025, PPL reported cash and cash equivalents $1,102 million and restricted cash (current) $42 million, for total cash, cash equivalents and restricted cash of $1,144 million. At December 31, 2024, the comparable figures were $306 million in cash and cash equivalents and $1 million in restricted cash, totaling $307 million. The company states that bank deposits and other cash equivalents restricted by agreement or designated for a specific purpose are classified as restricted cash, with the current portion included in Other current assets.