Argus

โ€ข

Mar 16, 2026

Symbols

Sector(s)

Utilities

Rating

Earnings Estimate

Current Price

$38.51

Price Target

Summary

PPL Corp., based in Allentown, Pennsylvania, is a gas and electric utility with generation, transmission, distribution, and wholesale operations. The company has 3.6 million customers and about 7,500 MW of generating capacity. PPL has regulated utility operations in Pennsylvania, Kentucky, Virginia, and Rhode Island. Over one-third of total customers are in Kentucky.

In 2025, revenues were $9.04 billion, of which about 35% were from PPL Electric and 23% were from KU.

PPL has significant coal usage as a generating fuel as coal accounts for about 63% of its fuel mix, with natural gas accounting for 36%. Management is targeting net-zero emissions by 2050, which is in line with utilities wit

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