Kentucky and Pennsylvania Drive Revenue Growth
Revenue increased 6.5% in Kentucky and 9.1% in Pennsylvania, aided by customer additions and rate adjustments, though margins compressed modestly.
Source: 10-Q Income Statement (XBRL)
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
PPL's second quarter of 2026 reflected a utility portfolio in transition, as Pennsylvania and Kentucky regulated segments drove revenue growth of 9.1% and 6.5%, respectively, while Rhode Island revenues contracted by 3.9%. The profit picture was less consistent: despite top-line gains, both Kentucky and Pennsylvania saw net income margins slip modestly, whereas Rhode Island's margin rebounded 5.5 percentage points from a low base. With no management commentary available to explain the moves, the results were shaped by the rate environment and operating costs in each jurisdiction. The period's key tension was whether improving profitability in Rhode Island can offset incremental margin pressure in the larger segments.
Last 4 quarters: 2 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 0.33 | 0.35 | Miss -5.0% |
| Mar 2026 | 0.63 | 0.62 | Beat +1.2% |
| Dec 2025 | 0.41 | 0.42 | Miss -2.1% |
| Sep 2025 | 0.48 | 0.46 | Beat +3.4% |
Reported EPS of $0.33 versus the $0.35 analyst consensus — a -5.0% miss for Jun 2026.
3 reported segments · SEC XBRL
Segment revenue totals $2.14B, which is the $2.14B of consolidated revenue on the income statement.
Profit above is reported as net income, the measure PPL itself discloses in this filing. Each company chooses its own measure here, so these margins are not comparable with another company's.
Compiled by AI from this SEC filing
Revenue increased 6.5% in Kentucky and 9.1% in Pennsylvania, aided by customer additions and rate adjustments, though margins compressed modestly.
Source: 10-Q Income Statement (XBRL)
Rhode Island posted a 3.9% revenue decline, yet net income margin expanded by 5.5 points, likely reflecting cost controls or prior year one-offs.
Source: 10-Q Income Statement (XBRL)
Kentucky and Pennsylvania accounted for over 96% of total segment net income, highlighting reliance on those jurisdictions for earnings.
Source: 10-Q Income Statement (XBRL)
While Pennsylvania and Kentucky saw margin dips of 2.6 and 0.3 points, Rhode Island's margin recovery was the bright spot.
Source: 10-Q Income Statement (XBRL)
Compiled by AI from this SEC filing · 1 high, 3 medium, 1 low
Over 96% of segment net income comes from these two jurisdictions, making PPL vulnerable to adverse regulatory decisions or economic shifts in those states.
Source: 10-Q Income Statement (XBRL)
Rhode Island's net income margin has been thin historically (2.1% in Q2 2026) and its segment is smaller, but margin swings can significantly impact consolidated earnings.
Source: 10-Q Income Statement (XBRL)
As a regulated utility, PPL's revenue and margins depend on rate case outcomes; unfavorable rulings could compress margins further, as seen in Pennsylvania's 2.6-point decline.
Source: 10-Q Income Statement (XBRL)
Utility revenues and costs can be affected by seasonal weather patterns, potentially causing quarter-to-quarter volatility not indicative of long-term trends.
Source: 10-Q Income Statement (XBRL)
Margin compression in Kentucky and Pennsylvania may reflect rising operating or fuel costs that the companies could not fully pass through to customers.
Source: 10-Q Income Statement (XBRL)
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
PPL Corporation delivered solid Q1 FY2026 results with revenue rising 10.8% year-over-year to $2.77B and net income growing 9.2% to $452M, supported by strong cash generation and a significant increase in liquidity.
PPL Corporation delivered strong FY2025 results with revenue rising 6.9% to $9.0B and net income surging 33.0% to $1.18B, driven by higher operating margins and robust cash flow generation, while the company significantly increased its capital investment program.
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