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.
Overview of PPL Corporation
PPL Corporation (NYSE: PPL) is a significant U.S. energy company recognized for its regulated utility operations that deliver electricity and natural gas safely, reliably, and affordably to millions of customers across multiple states. Operating within the energy sector, PPL combines decades of expertise in managing essential energy infrastructure with forward-thinking research and development initiatives aimed at grid modernization and sustainable technology solutions. Key industry terms such as electricity delivery, regulated utilities, and energy infrastructure underline the company’s commitment to operational excellence and innovation.
Regulated Utility Operations
PPL Corporation functions as a holding company for multiple regulated utilities strategically located in Pennsylvania, Kentucky, and Rhode Island. Each segment plays a pivotal role in providing essential energy services:
- Pennsylvania Regulated Segment: Focuses on the reliable distribution and transmission of electricity in central and eastern regions, ensuring consistent service quality and infrastructure resilience.
- Kentucky Regulated Segment: Comprising integrated operations from Louisville Gas and Electric and Kentucky Utilities, this segment manages electricity generation, transmission, and delivery, while also providing natural gas services to a diverse customer base.
- Rhode Island Regulated Segment: Offers comprehensive electric and gas services, supporting the local communities with a focus on reliability and customer-centric operations.
Rhea-AI Summary
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 (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 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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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 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 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 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 (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 (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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PPL Corporation appoints Christine M. Martin as President of PPL Electric Utilities
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FAQ
What is the current stock price of PPL (PPL)?
The current stock price of PPL (PPL) is $35.72 as of April 18, 2025.
What is the market cap of PPL (PPL)?
The market cap of PPL (PPL) is approximately 25.7B.
What core services does PPL Corporation provide?
PPL Corporation provides essential energy services, including electricity and natural gas distribution, via its regulated utility subsidiaries across Pennsylvania, Kentucky, and Rhode Island.
How does PPL Corporation generate its revenue?
The company earns revenue primarily through regulated utility operations, which are designed to offer reliable energy services under established rate structures within its service territories.
What are the main business segments of PPL Corporation?
PPL Corporation's operations are divided into key segments: the Pennsylvania Regulated Segment, the Kentucky Regulated Segment led by Louisville Gas and Electric and Kentucky Utilities, and the Rhode Island Regulated Segment.
How is PPL Corporation positioned within the energy industry?
As a holding company for regulated utilities, PPL Corporation is a major player in ensuring safe and reliable energy delivery, while continuously investing in infrastructure improvements and advanced technological research.
What initiatives has PPL Corporation undertaken to modernize its grid?
PPL has invested considerably in smart grid technologies, grid hardening, and other infrastructure enhancements to improve resilience and operational efficiency across its utility networks.
How does PPL address customer service and community engagement?
The company is known for its commitment to high service standards, reliable energy delivery, and active community engagement that includes support for local initiatives and charitable programs.
What role does innovation play in PPL Corporation's strategy?
Innovation is central to the company’s strategy, demonstrated by its investment in research and development projects such as carbon capture research and nuclear feasibility studies to enhance sustainability and reliability.
How does PPL manage regulatory and market challenges?
PPL Corporation navigates regulatory and market challenges by leveraging its regulated business model, ensuring compliance with industry standards, and continuously adapting its infrastructure to meet evolving energy demands.
PPL
NYSE:PPL
PPL Rankings
PPL Stock Data
25.67B
738.05M
0.09%
79.68%
2.85%
Utilities - Regulated Electric
Electric Services
United States
ALLENTOWN