Utilities
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.
Key risk: Rising Long-Term Debt Load
Long-term debt grew 19.4% year-over-year to $19.02B, significantly increasing PPL's financial leverage. In a rising or sustained high interest rate environment, refinancing costs could pressure earnings and limit financial flexibility for future capital deployment.
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