PPL Corporation (PPL)
Utilities · Regulated electric and natural gas utilities
A diversified regulated utility holding company delivering electricity and natural gas to 3.7 million customers across four states with a $29.9 billion regulatory asset base.
What PPL Corporation does
PPL Corporation is a utility holding company that delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky. The company operates through three regulated utility subsidiaries: PPL Electric (Pennsylvania), LG&E and KU (Kentucky), and Rhode Island Energy (Rhode Island). PPL's operations are organized into three reportable segments—Pennsylvania Regulated, Kentucky Regulated, and Rhode Island Regulated—serving approximately 3.7 million total customers across its service territories.
Themes: ["regulated utilities","electricity infrastructure","natural gas distribution","rate base growth","utility modernization","energy efficiency programs"]
Fundamentals
- Price$35.66 as of 2026-07-09 close
- Market cap$26.9B as of 2026-07-10
- 1-year return+5.6% as of 2026-07-09 close
- P/E22.07 as of 2026-07-10
- Net margin+21.7% as of 2026-07-10
- ROE+8.3% as of 2026-07-10
- Debt / equity1.35 as of 2026-07-10
- Revenue growth (YoY)-58.8% as of 2026-07-10
- Revenue CAGR (3y)+4.6% SEC XBRL
- Beta0.59 as of 2026-07-10
Dividend: yield +3.2%; 4-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Regulatory risk: changes in rate-setting mechanisms and cost recovery rules by the PAPUC, KPSC, and VSCC could constrain earnings and reduce return on invested capital","Energy transition risk: regulatory requirements to shift away from coal-powered generation toward renewable sources could require substantial capital expenditures and increase operating costs","Financing risk: the company relies on debt capital markets to fund ongoing utility infrastructure investments; rising interest rates or credit market disruption could materially increase financing costs"]
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.