PPL Corp

Listed Company

PPLCIK 0000922224NYSELarge AcceleratedElectric ServicesFY ends Dec 31

Period

FY 2025

Revenue

$9.04B

Net Income

$1.18B

Total Assets

$45.24B

Equity

$14.88B

Shares Out

752.35M

Op. Cash Flow

$2.63B

PPL$35.85+0.62% · past yearDBEQ Basic

Daily closing prices

Business

PPL Corp is a utility holding company delivering electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island, and natural gas to customers in Kentucky and Rhode Island through regulated utility subsidiaries. Core operations include regulated electricity generation, transmission, and distribution, plus natural gas distribution. The company operates three reportable segments: Kentucky Regulated (LG&E and KU), Pennsylvania Regulated (PPL Electric), and Rhode Island Regulated (RIE), serving approximately 3.7 million electricity and 616,000 natural gas customers across its service territories.

Summary from 10-K filed 2026-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Operating Revenues	9,042	8,462	8,312	7,902	5,783
Fuel	855	783	733	931	710
Energy purchases	1,892	1,679	1,841	1,686	752
Other operation and maintenance	2,431	2,607	2,462	2,398	1,608
Depreciation	1,312	1,279	1,254	1,181	1,082
Taxes, other than income	423	374	392	332	207
Total Operating Expenses	6,913	6,722	6,682	6,528	4,359
Operating Income	2,129	1,740	1,630	1,374	1,424
Other Income (Expense) - net	151	114	−40	54	15
Interest Expense, Operating and Nonoperating	808	738	666	513	918
Income from Continuing Operations Before Income Taxes	1,472	1,116	924	915	521
Income Taxes	291	228	184	201	503
Net income (Loss)	1,181	888	740	756	−1,480
Net Income (Loss) Available to PPL Common , Per Basic shares	1.6	1.2	1	1.03	−1.93
Net Income (Loss) Available to PPL Common Shareowners, Per Diluted Shares	1.59	1.2	1	1.02	−1.93
Basic	739	738	737	736	763
Diluted	743	740	738	737	765

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,071	306	331	356	3,571
Customer	1,108	961	950	896	583
Other	117	76	271	150	58
Unbilled revenues	558	485	428	552	307
Fuel, materials and supplies	551	511	505	443	322
Prepayments	106	136	103	92	60
Regulatory assets	308	320	293	258	64
Other current assets	112	85	51	77	42
Total Current Assets	3,931	2,880	2,932	2,824	5,007
Regulated utility plant	42,953	40,391	38,608	36,961	30,477
Less: accumulated depreciation - regulated utility plant	10,303	9,682	9,156	8,352	6,488
Regulated utility plant, net	32,650	30,709	29,452	28,609	23,989
Non-regulated property, plant and equipment	71	79	72	92	266
Less: accumulated depreciation - non-regulated property, plant and equipment	26	29	23	46	41
Non-regulated property, plant and equipment, net	45	50	49	46	225
Construction work in progress	3,437	2,390	1,917	1,583	1,256
Property, Plant and Equipment, net	36,132	33,149	31,418	30,238	25,470
Regulatory assets	2,092	2,060	1,874	1,819	1,236
Goodwill	2,247	2,247	2,247	2,248	716
Other intangibles	327	314	306	313	343
Other noncurrent assets	515	419	459	395	451
Total Other Noncurrent Assets	5,181	5,040	4,886	4,775	2,746
Total Assets	45,244	41,069	39,236	37,837	33,223
Short-term debt	456	303	992	985	69
Long-term debt due within one year	904	551	1	354	474
Accounts payable	1,559	1,196	1,104	1,201	679
Taxes	190	103	130	124	96
Interest	195	157	124	97	81
Dividends	198	186	173	166	305
Regulatory liabilities	376	223	225	238	182
Other current liabilities	668	614	591	624	437
Total Current Liabilities	4,546	3,333	3,340	3,789	2,323
Long-term Debt	17,990	15,952	14,611	12,889	10,666
Deferred income taxes	3,506	3,356	3,105	3,007	3,151
Investment tax credits	109	111	114	117	119
Accrued pension obligations	281	317	275	206	183
Asset retirement obligations	133	136	133	138	157
Regulatory liabilities	3,318	3,335	3,340	3,412	2,422
Other deferred credits and noncurrent liabilities	480	452	385	361	479
Total Deferred Credits and Other Noncurrent Liabilities	7,827	7,707	7,352	7,241	6,511
Commitments and Contingent Liabilities	—	—	—	—	—
Common stock	8	8	8	8	8
Additional paid-in capital	12,443	12,346	12,326	12,317	12,303
Earnings reinvested	3,207	2,835	2,710	2,681	2,572
Accumulated other comprehensive loss	−202	−184	−163	−124	−157
Total Equity	14,881	14,077	13,933	13,918	13,723
Total Liabilities and Equity	45,244	41,069	39,236	37,837	33,223
Common stock par value	0.01	0.01	0.01	0.01	0.01
Treasury Stock	−575	−928	−948	−967	−1,003

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization	104	78	81	52	39
Defined benefit plans - expense (income)	−57	−72	−73	−16	10
Deferred income taxes and investment tax credits	192	196	322	179	87
Equity component of AFUDC	−81	−47	−30	—	—
Stock compensation expense	49	46	33	37	37
Other	8	30	1	14	−27
Accounts receivable	−207	254	−170	−176	−14
Accounts payable	−12	−41	−72	358	24
Unbilled Revenues	−73	−57	128	−197	−5
Fuel, materials and supplies	−28	−2	−60	−90	−21
Prepayments	43	−34	1	−13	—
Taxes payable	87	−27	6	−80	27
Regulatory assets and liabilities, net	162	−68	−37	−119	52
Other	−4	−65	38	−76	−9
Defined benefits plans - funding	−12	−10	−13	−12	−53
Proceeds from transfer of excess benefit plan funds	0	13	0	0	—
Other assets	−138	−96	−69	−126	−111
Other liabilities	65	42	−349	39	8
Net cash provided by operating activities	2,629	2,340	1,758	1,730	2,270
Expenditures for property, plant and equipment	−4,030	−2,805	−2,390	−2,155	−1,973
Other investing activities	26	−13	7	15	−23
Net cash provided by (used in) investing activities	−4,004	−2,818	−2,383	−5,654	7,957
Issuance of long-term debt	3,045	1,894	3,252	850	650
Retirement of long-term debt	−616	0	−1,854	−264	−4,606
Payment of common stock dividends	−794	−747	−704	−787	−1,279
Proceeds from Sale of Treasury Stock	401	2	5	—	—
Net increase (decrease) in short-term debt	153	−689	7	916	−726
Debt Issuance Costs	−41	−19	−46	—	—
Other investing activities	−26	−6	−10	−6	−7
Net cash provided by (used in) financing activities	2,122	435	650	709	−7,390
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	747	−43	25	−3,215	3,129
Interest - net of amount capitalized	745	670	604	462	191
Income taxes - net	93	−123	281	163	284
Accrued expenditures for property, plant and equipment at December 31,	630	358	220	269	245
Accrued interest	38	33	27	1	−32

Filings

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Frequently asked questions

What is PPL Corp's CIK number?

PPL Corp's SEC CIK number is 0000922224 (922224). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find PPL Corp's SEC filings?

All of PPL Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did PPL Corp last report earnings?

PPL Corp (PPL) most recently filed an earnings 8-K with the SEC on May 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000922224-26-000024). This is PPL Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is PPL Corp's most recent earnings 8-K?

PPL Corp's latest earnings 8-K (Item 2.02) was filed May 8, 2026 under accession 0000922224-26-000024. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View PPL Corp's latest earnings 8-K →
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