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PPL 8-K Report, Financial Results (Jul 31, 2025)

Reports
Earnings & Results·Regulation FD·Exhibits & Filings
Filing Date
Filed July 31, 2025
Period End
July 31, 2025
Securities
PPLPPLC
In the record · 2016–202610-K1110-Q328-K239

PPL filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 239 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · May ’18May ’18
  2. Leadership change8-K · Jun ’20Jun ’20
  3. Deal closed8-K · May ’22May ’22
  4. Leadership change8-K · Jun ’26Jun ’26

01—Abstract

Summary

Summary of the 8-K filed July 31, 2025. Cited figures are marked; the original filing is the authoritative source.

PPL Corporation reported second-quarter 2025 reported earnings (GAAP) of $183 milliona, or $0.25 per share, compared with $190 million, or $0.26 per share, in the second quarter of 2024.

Earnings from ongoing operations (non-GAAP) were $240 millionb, or $0.32 per share, versus $282 million, or $0.38 per share, a year earlier. Management attributed the decline primarily to the timing of certain operating costs and true-ups, favorable weather in the second quarter of 2024, and higher interest expense. For the first six months of 2025, reported earnings were $597 million, or $0.80 per share, compared with $497 million, or $0.67 per share, while earnings from ongoing operations were flat at $684 million, or $0.92 per share.

PPL reaffirmed its 2025 ongoing earnings forecast range of $1.75 to $1.87c per share, with a midpoint of $1.81, and said it expects to achieve at least the midpoint. Management also reaffirmed 6% to 8% annual EPS and dividend growth targets through at least 2028, with EPS growth expected in the top half of that range. CEO Vincent Sorgi said the company anticipates strong earnings growth in the second half of 2025, driven by higher returns on capital investments and lower O&M year over year.

The quarter's reported results included net special item after-tax charges of $57 milliond, or $0.07 per share, primarily tied to IT transformation and Rhode Island Energy acquisition integration expenses and adjustments. Sorgi also noted a joint venture with Blackstone Infrastructure to build, own and operate new electric generation stations to power data centers under long-term energy services agreements.

02—Key points

Key Highlights

  1. Q2 2025 reported EPS of $0.25 (net income $183 million) vs. $0.26 in Q2 2024; reported EPS down 4%.
  2. Q2 2025 earnings from ongoing operations of $0.32 per share vs. $0.38 a year ago, down 16%, mainly on timing of operating costs and true-ups, weather, and higher interest expense.
  3. Six-month reported EPS of $0.80 vs. $0.67, up 19%; six-month ongoing EPS flat at $0.92.
  4. 2025 ongoing EPS forecast reaffirmed at $1.75 to $1.87, midpoint $1.81; company expects to achieve at least the midpoint.
  5. 6% to 8% annual EPS and dividend growth targets reaffirmed through at least 2028, with EPS growth expected in the top half of the range.
  6. Q2 2025 special items of $57 million after-tax ($0.07 per share), primarily IT transformation and Rhode Island Energy integration costs.
  7. Announced joint venture with Blackstone Infrastructure to build, own and operate new electric generation stations to power data centers.

03—Questions

Frequently Asked Questions

  1. How did PPL perform in the second quarter of 2025?

    Reported earnings were $183 million, or $0.25 per share, versus $190 million, or $0.26 per share, in the second quarter of 2024. Earnings from ongoing operations were $240 million, or $0.32 per share, compared with $282 million, or $0.38 per share, a year earlier.

  2. What is PPL's 2025 earnings guidance?

    PPL reaffirmed its 2025 earnings from ongoing operations forecast range of $1.75 to $1.87 per share, with a midpoint of $1.81. Management said it expects to achieve at least the midpoint.

  3. Why did ongoing earnings decline in the quarter?

    The company attributed the decline primarily to the timing of certain operating costs and true-ups, favorable weather in the second quarter of 2024, and higher interest expense.

  4. What long-term growth targets did PPL reaffirm?

    PPL reaffirmed 6% to 8% annual EPS and dividend growth targets through at least 2028, with EPS growth expected to be in the top half of that range, based on the 2025 forecast midpoint of $1.81 per share.

  5. What is the Blackstone Infrastructure joint venture?

    PPL announced a joint venture with Blackstone Infrastructure to build, own and operate new electric generation stations to power data centers under long-term energy services agreements.

04—Continue

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