Welcome to our dedicated page for PPL news (Ticker: PPL), a resource for investors and traders seeking the latest updates and insights on PPL stock.
PPL Corporation (NYSE: PPL) is a U.S. energy company based in Allentown, Pennsylvania, focused on providing electricity and natural gas safely, reliably and affordably to more than 3.6 million customers in the United States. The PPL news feed on Stock Titan aggregates company announcements, utility subsidiary updates and regulatory developments that shape the outlook for this regulated utility group.
Investors following PPL news will see regular disclosures on earnings, capital investment plans and financing activities. For example, PPL reports quarterly and year-to-date financial results, discusses earnings from ongoing operations and provides updated earnings forecasts and growth targets. News items also cover decisions by state regulators in Pennsylvania, Kentucky and Rhode Island on rate cases, certificates of public convenience and necessity and cost recovery mechanisms that affect PPL’s revenue and investment profile.
PPL’s subsidiaries generate frequent headlines of their own. LG&E and KU in Kentucky announce approvals for new natural gas combined-cycle generation units, environmental upgrades at existing plants and agreements with stakeholders on base rate adjustments that support system hardening and reliability improvements. PPL Electric Utilities in Pennsylvania issues news on grid modernization investments, distribution rate filings and initiatives to strengthen infrastructure and customer service.
Capital markets and corporate finance updates are another key theme in PPL-related news. Recent releases describe PPL Capital Funding’s issuance and pricing of exchangeable senior notes guaranteed by PPL Corporation, as well as the company’s use of forward equity agreements to raise capital. Together, these stories provide insight into how PPL funds its long-term, capital-intensive utility operations.
By reviewing the PPL news page, readers can track how regulatory decisions, infrastructure projects, financing transactions and strategic technology initiatives contribute to PPL’s stated goal of building smarter, more resilient and more dynamic power grids. Frequent updates make this page a useful reference for understanding ongoing developments across PPL’s multi-state utility operations.
PPL Corporation reported 2022 earnings of $1.02 per share, surpassing the previous year's loss of $1.93 per share. Adjusted ongoing operations earnings were $1.41 per share, up from $1.05 in 2021. The company reaffirmed its 2023 earnings forecast at $1.50 to $1.65 per share, targeting a midpoint of $1.58, reflecting a 7% increase from 2022. A quarterly common stock dividend was raised by 7% to $0.24, payable on April 3, 2023. PPL aims for 6% to 8% annual EPS and dividend growth through 2026 and has planned $12 billion in infrastructure investments through 2026 to enhance grid reliability.
PPL Corporation (NYSE: PPL) is set to release its consolidated fourth-quarter and year-end 2022 earnings results on February 17, 2023. The conference call, featuring PPL's CEO Vincent Sorgi and the executive team, will start at 11 a.m. Eastern Time and will be available for live streaming on their investor website. The call will cover quarterly and annual results alongside the company's business outlook. A replay will be accessible for 90 days. PPL serves over 3.5 million customers with a focus on creating innovative, reliable, and sustainable power solutions.
PPL Corporation (NYSE: PPL) has announced its 2023 Annual Meeting of Shareowners will be held virtually on May 17, 2023, at 9 a.m. Eastern time. Shareowners of record as of February 28, 2023 are eligible to vote and participate. The company provides electricity and natural gas to approximately 3.5 million customers in the U.S., focusing on building resilient power grids and advancing sustainable energy solutions. Proxy materials with meeting instructions will be sent to shareowners.
PPL Corporation (NYSE: PPL) announced a robust updated business plan predicting 6% to 8% annual EPS and dividend growth through at least 2026. The plan includes an additional $2.5 billion for capital investments, raising total investments to $14.3 billion, resulting in a projected 5.6% rate base growth. Expected EPS for 2023 is between $1.50 and $1.65, representing a 7% increase over prior forecasts. They also plan to boost the quarterly dividend by 7% to $0.24 per share.
PPL Corporation has appointed Francis X. Sullivan as the new Chief Operating Officer, effective January 1, 2023, replacing Gregory N. Dudkin, who is on extended medical leave. Sullivan, with over 40 years in the energy sector, previously held leadership positions at NRG Energy and Kindle Energy. He will oversee PPL's regulated utility operations and report to President and CEO Vincent Sorgi. Sorgi expressed confidence in Sullivan’s leadership as the company focuses on transforming and growing within the evolving energy landscape.
PPL Corporation (NYSE: PPL) will host a conference call on January 11 to discuss capital investment plans, cost savings, and business outlook. The call aims to update stakeholders on the company's strategic repositioning as a leading U.S. regulated utility. PPL's president expressed confidence in delivering premium growth and ongoing infrastructure investment in Kentucky and Rhode Island. Following the call, PPL's team will meet with investors at the Evercore ISI utility conference on January 12 and 13 in Palm Beach, Florida.
PPL Corporation, based in Allentown, Pennsylvania, has successfully raised over $8 million through charitable giving campaigns this fall, contributing to a total of $16 million towards community support across Kentucky, Pennsylvania, and Rhode Island. This initiative reflects the company’s commitment to improving local communities through employee and retiree contributions, as well as matching funds from PPL’s foundations. The funds will assist various local nonprofits and educational programs vital for community development and health services.
PPL Corporation's subsidiaries, Louisville Gas and Electric Company and Kentucky Utilities Company, plan to replace 1,500 megawatts of aging coal-fired generation by 2028. The proposal includes two natural gas plants, 1,000 megawatts of solar, and 125 megawatts of battery storage, totaling a $2.1 billion investment. This effort seeks approval from the Kentucky Public Service Commission by October 1, 2023, aiming to enhance reliability, reduce overall emissions by 25%, and meet customer energy needs sustainably.
PPL Corporation (NYSE: PPL) announced a quarterly dividend of $0.2250 per share on November 18, 2022, payable on January 3, 2023. This dividend will benefit shareholders of record as of December 9, 2022. PPL, based in Allentown, Pennsylvania, serves approximately 3.5 million customers and is committed to enhancing energy solutions through smarter and more dynamic power grids.
PPL Corporation reported Q3 2022 earnings of $174 million ($0.24 per share), down from $207 million ($0.27) in Q3 2021. Ongoing earnings rose to $305 million ($0.41 per share), up from $277 million ($0.36). For the first nine months, earnings were $566 million ($0.77) compared to a net loss of $1.61 billion ($2.10) in 2021. The company raised its 2022 ongoing earnings forecast midpoint to $1.40 (from $1.37) and narrowed the range to $1.35-$1.45. PPL remains confident in achieving 6-8% annual EPS and dividend growth through 2025.