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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“And would that be something like similar to what PPL, Blackstone announced a couple of weeks ago. Would you be looking for a partner similar to that to work on that?”
An analyst references PPL's recently announced generation-investment partnership with Blackstone as a possible model for FirstEnergy's own contracted/unregulated generation strategy, implying PPL is pursuing alternative capital structures for new generation investment.
“GE was certainly early on with their commitment to build new capacity for turbines. We are seeing the same now with Siemens and Mitsubishi.”
PPL is actively engaged with Mitsubishi as one of three turbine suppliers building new capacity to support the Blackstone JV's generation build-out.
“GE was certainly early on with their commitment to build new capacity for turbines. We are seeing the same now with Siemens and Mitsubishi.”
PPL is actively engaged with Siemens as one of three turbine suppliers building new capacity to support the Blackstone JV's generation build-out.
“GE was certainly early on with their commitment to build new capacity for turbines. We are seeing the same now with Siemens and Mitsubishi.”
PPL names GE (Vernova) as an early mover in expanding gas-turbine manufacturing capacity that PPL's Blackstone JV is engaging to source turbines, a positive demand signal for GE Vernova's power business.
“we formed a strategic partnership with Blackstone to build, own, and operate new electric generating stations to directly power data centers.”
PPL's JV with Blackstone to build, own and operate generation for data centers is framed as a major growth opportunity, positioning Blackstone in the bring-your-own-generation market for hyperscalers.
“the $3,500,000,000 advanced manufacturing investment by Eli Lilly, announced earlier this month right here in Allentown, Pennsylvania.”
Eli Lilly's $3.5B advanced manufacturing investment in Allentown is cited as a major economic-development project driving new load in PPL's Pennsylvania service territory, a positive read-through for Lilly's US manufacturing expansion.
“leveraging our joint venture with Blackstone Infrastructure, which is prepared to build new generation to directly support data center demand under long-term energy supply agreements”
PPL positions its Blackstone Infrastructure JV as an active vehicle to build new gas generation for data center load, implying an expanding infrastructure/power buildout pipeline for Blackstone.
“A recent example includes GE Appliances announced $490 million planned investment in LG&E service territory. According to the announcement, the new product lines are scheduled to be in production by 2027.”
GE Appliances (owned by Haier, unrelated to General Electric) announced a $490 million manufacturing investment in PPL's Kentucky (LG&E) service territory, illustrating economic-development load growth beyond data centers.
“This includes Amazon's planned data center expansion in Pennsylvania, a data center project announced in the Carlisle area by PA Data Center Partners and PowerHouse Data Centers, and a data center announced by CoreWeave.”
CoreWeave is named among the publicly announced hyperscale/AI data center customers driving new demand in PPL's Pennsylvania service territory.
“This includes Amazon's planned data center expansion in Pennsylvania, a data center project announced in the Carlisle area by PA Data Center Partners and PowerHouse Data Centers, and a data center announced by CoreWeave.”
Amazon's planned data center expansion in Pennsylvania is cited as one of PPL's publicly announced hyperscale load commitments driving grid investment in its service territory.
“Blackstone Infrastructure has an open-ended investment horizon and can be a partner to us for the life of the assets. And they are very supportive of the regulated-like risk profile that we want to take with this JV.”
PPL formed a 51/49 joint venture with Blackstone Infrastructure to build new power generation for Pennsylvania data centers, with Blackstone contributing long-horizon capital and data center development expertise.
“As shared on our third quarter call, we completed the integration of Rhode Island Energy into PPL, exiting the transition services agreement we entered with National Grid when we acquired Rhode Island Energy in May 2022.”
PPL completed the two-year integration of Rhode Island Energy, acquired from National Grid in May 2022, exiting the transition services agreement that had bound the two companies together during the handoff.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Angie Storozynski | Seaport Research Partners | 13 (31%) |
| Jeremy Tonet | JPMorgan | 12 (0%) |
| Paul Zimbardo | Jefferies | 10 (0%) |
| Dave Paz | Wolfe Research | 8 (0%) |
| Tony Crowdell | Mizuho Securities | 8 (13%) |
| Steve Fleishman | Wolfe Research | 5 (0%) |
| Shar Pourreza | Wells Fargo | 5 (0%) |
| Paul Patterson | Glenrock Associates | 4 (0%) |
| Mike Lonegan | Barclays | 4 (0%) |
| Dave Arcaro | Morgan Stanley | 4 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 2 | 15 (0%) |
| Wolfe Research | 2 | 13 (0%) |
| Seaport Research Partners | 1 | 13 (31%) |
| Jefferies | 1 |
| 10 (0%) |
| Mizuho Securities | 1 | 8 (13%) |
| Wells Fargo | 2 | 7 (0%) |
| Barclays | 1 | 4 (0%) |
| Morgan Stanley | 1 | 4 (0%) |
PPL delivered full-year ongoing EPS of $1.81, achieving 7.1% growth, while the data center pipeline reached 25.2 GW in Pennsylvania. The Kentucky rate case was approved at $233 million in annual revenue increase, and O&M savings exceeded the target at $170 million. Management introduced FY2026 guidance of $1.90-$1.98 per share with 7.2% growth at the midpoint, extending 6-8% growth through 2029 on a $23 billion capital plan.
Regulation Policy | Capex Investment | Demand | Competitive Dynamics | Capital Allocation | Revenue Growth | Cloud & AI | Cost Pressure | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 7 | 4 | 2 | 2 | 3 | 3 | 2 | |
| 2025Q1 | 4 | 5 | 5 | 1 | 1 | 1 | 4 | |
| 2025Q2 | 5 | 7 | 2 | 2 | 3 | 1 | ||
| 2025Q3 | 6 | 4 | 6 | 2 | 2 | 2 | 1 | |
| 2025Q4 | 6 | 6 | 1 | 3 | 2 | 2 | ||
| 2026Q1 | 8 | 5 | 4 | 6 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Regulation Policy | 7 | 4 | 5 | 6 | 6 | 8 |
| Capex Investment | 4 | 5 | 7 | 4 | 6 | 5 |
| Demand | 2 | 5 | 2 | 6 | 1 | 4 |
| Competitive Dynamics | 2 | 1 | 2 | 2 | 3 | 6 |
| Capital Allocation | 3 | 1 | 3 | 2 | ||
| Revenue Growth | 3 | 1 | 2 | 2 | ||
| Cloud & AI | 4 | 2 | 2 | |||
| Cost Pressure | 2 | 1 | 1 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
PPL PPL Corporation | 7 | +10.8% | |
| AEE Ameren | 7 | +3.8% | |
| AEP American Electric Power | 5 | +6.8% | |
| CMS CMS Energy | 6 | +11.6% | |
| CNP CenterPoint Energy | 5 | +1.9% | |
| D Dominion Energy | 7 | +23.1% | |
| DTE DTE Energy | 7 | +15.8% | |
| DUK Duke Energy | 8 | +11.3% | |
| ED Consolidated Edison | 6 | +6.2% | |
| EIX Edison International | 6 | +7.7% | |
| ES Eversource Energy | 6 | +9.4% | |
| ETR Entergy | 8 | +12.0% | |
| EVRG Evergy | 7 | +5.5% | |
| EXC Exelon | 6 | +7.9% | |
| FE FirstEnergy | 7 | +11.6% | |
| LNT Alliant Energy | 5 | +5.0% | |
| NEE NextEra Energy | 6 | +7.3% | |
| PCG PG&E Corporation | 8 | +15.0% | |
| PEG Public Service Enterprise Group | 9 | +19.4% | |
| PNW Pinnacle West | 8 | +11.4% | |
| SO Southern Company | 6 | +8.0% | |
| WEC WEC Energy Group | 7 | +9.0% | |
| XEL Xcel Energy | 6 | +2.9% |