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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jeremy Tonet | JPMorgan | 14 (0%) |
| Angie Storozynski | Seaport Research Partners | 14 (29%) |
| Paul Zimbardo | Jefferies | 11 (0%) |
| David Paz | Wolfe Research | 8 (0%) |
| Anthony Crowdell | Mizuho Securities | 8 (13%) |
| Steve Fleishman | Wolfe Research | 6 (0%) |
| Michael Lonegan | Barclays | 6 (0%) |
| Shar Pourreza | Wells Fargo | 5 (0%) |
| Paul Patterson | Glenrock Associates | 5 (0%) |
| David 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 | 17 (0%) |
| Wolfe Research | 2 | 14 (0%) |
| Seaport Research Partners | 1 | 14 (29%) |
| Jefferies | 1 |
| 11 (0%) |
| Mizuho Securities | 1 | 8 (13%) |
| Wells Fargo | 2 | 8 (0%) |
| Barclays | 1 | 6 (0%) |
| Glenrock Associates | 1 | 5 (0%) |
PPL reported Q1 ongoing EPS of $0.63, up $0.03 year-over-year, as the Pennsylvania rate case settlement was recommended for approval. The data center pipeline grew another 12% to 28.3 GW, and Kentucky load nearly doubled to 3.5 GW. Management reaffirmed all 2026 guidance at $1.90-$1.98 per share while announcing nuclear and pumped hydro partnerships to diversify the generation portfolio.
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 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.21B | +8.9% | $0.24 | +60.0% | 17.1% | 8.0% | $-349M |
| FY2025 Q1 | $2.50B | +8.7% | $0.56 | +33.3% | 27.1% | 16.5% | $-280M |
| FY2025 Q2 | $2.02B | +7.7% | $0.25 | -3.8% | 20.0% |
| 9.0% |
| $-328M |
| FY2025 Q3 | $2.24B | +8.4% | $0.43 | +48.3% | 25.4% | 14.2% | $-179M |
| FY2025 Q4 | $2.27B | +2.8% | $0.36 | +50.0% | 20.9% | 11.7% | $-614M |
| FY2026 Q1 | $2.77B | +10.8% | $0.60 | +7.1% | 26.6% | 16.3% | $-501M |
| FY2026 Q2 | $2.11B | +4.2% | $0.30 | +20.0% | 22.5% | 10.9% | $1.64B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What PPL and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“then we see unanimous -- pretty much unanimous settlement with PPL still to be approved. And we have this reaction to filing a case and pulling it, although I think they did file it kind of earlier than normal.”
An analyst frames peer utility PPL's pending unanimous rate-case settlement in Pennsylvania as a read-through for the state's regulatory/affordability backdrop.
“During the first quarter, Global Laser Enrichment and Toyota Motor Manufacturing announced approximately $2.6 billion in combined investment plans within our service territories.”
Global Laser Enrichment announced major new investment in PPL's Kentucky service territory, adding load.
“During the first quarter, Global Laser Enrichment and Toyota Motor Manufacturing announced approximately $2.6 billion in combined investment plans within our service territories.”
Toyota Motor Manufacturing announced major new investment in PPL's Kentucky service territory, adding manufacturing load.
“This includes contracts with some of the leading companies in this space, including QTS, AWS, PowerHouse, CoreWeave, and others.”
PowerHouse is among named data-center developers with signed electric service agreements in PPL's territory.
“This includes contracts with some of the leading companies in this space, including QTS, AWS, PowerHouse, CoreWeave, and others.”
QTS is among named data-center developers with signed electric service agreements in PPL's territory.
“This includes contracts with some of the leading companies in this space, including QTS, AWS, PowerHouse, CoreWeave, and others.”
CoreWeave is among named data-center developers with signed electric service agreements in PPL's territory.
“This includes contracts with some of the leading companies in this space, including QTS, AWS, PowerHouse, CoreWeave, and others.”
AWS is among named data-center developers with signed electric service agreements in PPL's Pennsylvania territory, evidence of real demand.
“I am also excited to highlight our collaboration with X-energy, a leading designer of advanced nuclear reactors technology and manufacturer of advanced nuclear fuels, which we announced just last week.”
PPL is collaborating with X-energy to explore deploying its Xe-100 small modular reactor in Kentucky for large-load customers.
“we announced our partnership with Rye Development to evaluate a new 266 MW pumped storage hydro project that Rye has been working on in Bell County.”
PPL partnered with Rye Development on a 266 MW pumped-storage hydro project in Kentucky.
“We are also excited by the continued momentum with our joint venture with Blackstone Infrastructure.”
PPL's generation joint venture with Blackstone Infrastructure is gaining momentum to serve data-center load growth.
| 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 | +26.2% | |
| 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% |