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PPL Corporation - PPL STOCK NEWS

Welcome to our dedicated page for PPL Corporation news (Ticker: PPL), a resource for investors and traders seeking the latest updates and insights on PPL Corporation stock.

PPL Corporation (NYSE: PPL) is a renowned global energy company headquartered in Allentown, Pennsylvania. PPL serves over 10.5 million customers across Pennsylvania, Kentucky, and the United Kingdom with its high-performing regulated utilities, including Western Power Distribution, Louisville Gas and Electric, Kentucky Utilities, and PPL Electric Utilities. These subsidiaries are consistently recognized for delivering outstanding service in both the U.S. and the U.K.

PPL's operations span across electricity generation, transmission, and distribution, as well as natural gas services. The company is a positive force in its communities, supporting job creation programs and donating millions to charitable organizations to enhance the quality of life. Additionally, PPL's workforce of over 13,000 employees actively volunteers their time and energy to assist others.

Recent achievements include a significant $72 million award from the U.S. Department of Energy to fund a pioneering carbon dioxide (CO2) capture project in collaboration with the University of Kentucky and other partners. This project aims to capture up to 90,000 metric tons of CO2 annually, equivalent to the emissions of 20,000 gasoline-powered cars, marking a major step towards PPL's goal of achieving net-zero carbon emissions by 2050.

PPL continues to innovate and invest in infrastructure, recently committing to $14.3 billion in planned investments through 2027 to modernize the grid, enhance reliability, and support renewable energy integration. The company also maintains a strong financial position, with reported 2023 earnings of $740 million and an ongoing commitment to dividend growth.

PPL's subsidiaries are involved in various strategic projects, such as deploying advanced smart metering technology in Rhode Island through a partnership with Landis+Gyr. This initiative will support the state's clean energy goals and grid modernization efforts.

Overall, PPL Corporation remains dedicated to providing safe, reliable, and affordable energy while advancing sustainable energy solutions and fostering community development.

News

PPL Corporation Announces 2024 Virtual Annual Meeting

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PPL Corporation (NYSE: PPL) will hold its 2024 Annual Meeting of Shareowners virtually on May 15, 2024, at 9 a.m. Eastern time. Shareowners of record as of Feb. 28, 2024, can vote and participate. Proxy materials will include instructions on how to join the meeting.
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PPL Corporation to conduct webcast on 2023 earnings results

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PPL Corporation (NYSE: PPL) will release consolidated fourth-quarter and year-end 2023 earnings results on Friday, Feb. 16. Vincent Sorgi, PPL president and chief executive officer, and other members of PPL's executive team will discuss quarterly and annual results and the company's general business outlook during a conference call with financial analysts.
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PPL Corporation announces agreement with Talen Energy to resolve litigation related to Talen Montana

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PPL Corporation (NYSE: PPL) settles with Talen Energy Corporation for $115 million, resolving all claims related to the 2015 spinoff of PPL Energy Supply. The settlement avoids ongoing litigation and financial uncertainty, with Talen initially seeking over $900 million. PPL President and CEO Vincent Sorgi emphasizes the decision's best interest for the company and shareholders, focusing on creating future utilities and clean energy transition.
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PPL's employee giving campaign generates more than $8 million for community support

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PPL Corporation (PPL) employees and retirees, along with matching contributions from its affiliated foundations, have pledged over $8 million during the annual employee-led charitable giving campaign. The contributions, in partnership with United Way, will support nearly 500 local nonprofit organizations in Pennsylvania, Rhode Island, Kentucky, and Virginia. The funds will address the increasing needs of thousands of people who rely on United Way agencies and nonprofit organizations for vital services every day. PPL President and CEO Vincent Sorgi emphasized the company's commitment to empowering the communities it serves for over a century.
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LG&E reaches new three-year contract with local IBEW

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Louisville Gas and Electric Company (LG&E), a subsidiary of PPL Corporation (NYSE: PPL), has announced a new three-year contract agreement with International Brotherhood of Electrical Workers Local 2100, representing over 600 employees. The agreement includes 3% annual wage increases for all employees represented by IBEW 2100. LG&E and Kentucky Utilities Company, part of the PPL Corporation family, serve over 1.3 million customers and have consistently ranked among the best companies for customer service in the United States.
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PPL to Pay Quarterly Stock Dividend January 2, 2024

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PPL Corporation (NYSE: PPL) declared a quarterly common stock dividend of $0.24 per share, payable January 2, 2024, to shareowners of record as of December 8, 2023. The company, headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas to more than 3.5 million customers. PPL's utilities are addressing energy challenges by building smarter, more resilient power grids and advancing sustainable energy solutions.
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PPL to attend 58th EEI Financial Conference

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PPL Corporation (NYSE: PPL) to attend 58th Edison Electric Institute (EEI) Financial Conference to discuss strategy, mission, and business outlook with investors and analysts.
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PPL's Kentucky subsidiaries receive constructive regulatory order approving substantial portion of generation investment plan

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PPL Corporation (NYSE: PPL) received regulatory approval to retire 600 MW of aging coal generation and add a 640-MW combined cycle natural gas plant and over 1,000 MW of solar and energy storage by 2027. The company reaffirmed its capital outlook of $12 billion in infrastructure improvements and projected annual earnings per share and dividend growth of 6% to 8% through at least 2026.
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PPL Corporation reports third-quarter 2023 earnings

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PPL Corporation (NYSE: PPL) reported earnings of $0.31 per share for Q3 2023, compared to $0.24 per share in Q3 2022. Adjusted ongoing earnings per share were $0.43 in Q3 2023, compared to $0.41 in Q3 2022. PPL narrowed its 2023 ongoing earnings forecast range to $1.55 to $1.60 per share. The company reaffirmed its projected annual earnings per share and dividend growth of 6% to 8% through at least 2026.
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Piramal Pharma Limited Announces Consolidated Results for Q2 and H1 FY2024

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Piramal Pharma Limited (PPL) announced its Q2 and H1 FY2024 results. Revenue from Operations grew by 11% YoY in Q2FY24. EBITDA increased by 44% YoY in Q2FY24. The company completed a Rights Issue of Rs.1,050Cr with a subscription of 128%. Net Debt reduced by Rs.958Cr since March 2023. The company aims to reduce Scope 1 and Scope 2 emissions by 42% by FY2030.
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FAQ

What is the current stock price of PPL Corporation (PPL)?

The current stock price of PPL Corporation (PPL) is $32.43 as of December 20, 2024.

What is the market cap of PPL Corporation (PPL)?

The market cap of PPL Corporation (PPL) is approximately 23.6B.

What does PPL Corporation do?

PPL Corporation is an energy company that provides electricity and natural gas to over 10.5 million customers in Pennsylvania, Kentucky, and the U.K. through its high-performing regulated utilities.

What are PPL Corporation's recent achievements?

PPL recently received a $72 million award from the U.S. Department of Energy for a carbon capture project and committed $14.3 billion in infrastructure investments through 2027.

How many employees does PPL Corporation have?

PPL Corporation has a workforce of over 13,000 employees who actively participate in community volunteer efforts.

What is PPL Corporation's strategy for achieving net-zero carbon emissions?

PPL aims to achieve net-zero carbon emissions by 2050 through innovative projects like carbon capture and sequestration, advancing renewable energy integration, and modernizing the power grid.

What financial performance did PPL Corporation report for 2023?

For 2023, PPL reported earnings of $740 million, or $1.00 per share, with ongoing operations earnings of $1.18 billion, or $1.60 per share.

What projects is PPL Corporation involved in?

PPL is involved in various projects, including a carbon capture research initiative with the University of Kentucky and a smart metering technology deployment in Rhode Island.

How does PPL Corporation support its communities?

PPL supports communities by funding job creation programs, donating to charitable organizations, and encouraging employee volunteerism.

What are PPL Corporation's plans for infrastructure investments?

PPL plans to invest $14.3 billion from 2024 to 2027 to improve service reliability, enhance the grid's resilience, and support renewable energy.

What partnerships does PPL Corporation engage in?

PPL partners with academic and industry leaders, such as the University of Kentucky and Landis+Gyr, to advance innovative energy solutions and technologies.

How can I stay updated on PPL Corporation's latest news?

You can stay updated by visiting PPL's website, www.pplweb.com, or following their media and investor relations pages.

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PPL Corporation

NYSE:PPL

PPL Rankings

#471 Ranked by Market Cap
#1015 Ranked by Dividends

PPL Stock Data

23.64B
737.13M
0.08%
78.48%
2.04%
Utilities - Regulated Electric
Electric Services
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United States of America
ALLENTOWN