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Companies / Utilities / PPL Corporation
PPL

PPL Corporation

UtilitiesElectric, Gas & WaterS&P 500
Ticker PPLALLENTOWN, PAFiscal year ends DecemberBook value per share $19.87Diluted shares 757.2M

PPL Corporation (NYSE: PPL) is a utility holding company whose regulated subsidiaries deliver electricity in Pennsylvania, Kentucky, Virginia and Rhode Island, deliver natural gas in Kentucky and Rhode Island, and generate electricity in Kentucky. Its reportable segments are Kentucky Regulated, primarily LG&E and KU;… From the company’s description.

In fiscal 2025, PPL Corporation reported revenue of $9.04B, up 6.9% from fiscal 2024, and net income of $1.18B. Its operating margin was 23.5%, and operations generated $2.63B in cash. Over the twelve months to Jun 30, 2026, revenue was $9.40B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$9.04BFY2025
+6.9% year over year
Last 12 mo $9.40B
23.55%FY2025
+3 percentage points
Last 12 mo 24.10%
$1.18BFY2025
+33.0% year over year
Last 12 mo $1.27B
7.94%FY2025
+1.6 percentage points
Last 12 mo 8.41%
Cash & financing
$2.63BFY2025
+12.4% year over year
Last 12 mo $2.65B
$-1.40BFY2025
−201.3% year over year
Last 12 mo $-1.99B
1.31FY2025
Was 1.20× a year earlier
Last 12 mo 1.35
743.3MFY2025
+0.5% year over year
Last 12 mo 757.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What PPL Corporation does

In the company’s own words

PPL Corporation (NYSE: PPL) is a utility holding company whose regulated subsidiaries deliver electricity in Pennsylvania, Kentucky, Virginia and Rhode Island, deliver natural gas in Kentucky and Rhode Island, and generate electricity in Kentucky. Its reportable segments are Kentucky Regulated, primarily LG&E and KU; Pennsylvania Regulated, primarily PPL Electric; and Rhode Island Regulated, primarily Rhode Island Energy. In 2025, segment operating revenues were $3.8 billion, $3.1 billion and $2.2 billion, respectively. PPL Electric transmits and distributes electricity in eastern and central Pennsylvania and supplies power to retail customers who have not selected another provider. LG&E and KU generate, transmit and distribute electricity, with LG&E also distributing and selling natural gas; KU serves Virginia customers as Old Dominion Power. Rhode Island Energy provides regulated electric and natural gas services in Rhode Island. At year-end 2025, the three segments served approximately 1.5 million, 1.4 million and 0.8 million customers, respectively. PPL sold its U.K. utility business in 2021. Its website is www.pplweb.com.

Company details
Sector
Utilities
Industry (SIC)
Electric, Gas & Water
Headquarters
ALLENTOWN, PA
Fiscal year end
December
CIK
922224
SIC
4911

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.19B$2.37B$5.93B$9.49B$13.05B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns PPL Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

703
funds hold it
0 of 35
superinvestors hold it
$12.68B
held by funds, at market
46.2%
of shares held by funds
40
bond issues held by funds

Largest fund holders · PPL Corporation’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.04%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.04%of fund net assets
T. Rowe Price Capital Appreciation Fund
PRWCX · T. ROWE PRICE CAPITAL APPRECIATION FUND, INC.
0.97%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.25%of fund net assets
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

PPL Corporation’s bonds, as funds hold them

Funds report holding 40 issues of PPL Corporation’s debt, $1.83B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.52%, maturing 2026 to 2067.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do PPL Corporation and its peers compare on margins and cash generation over ten years?”
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