$PPL · PPL Corp
PPL reported Q3 2026 GAAP EPS of $0.49 on revenue of $2.497B, with ongoing (non-GAAP) EPS of $0.54 versus $0.48 a year ago. The company narrowed its 2026 ongoing EPS forecast to $1.92-$1.96 and issued a 2027 forecast of $2.06-$2.14 (midpoint $2.10, +8.2%). It raised long-term annual EPS growth to 7%-9% through at least 2030 and unveiled a $25B capital plan for 2027-2030 driving 10% average annual rate base growth.
- Q3 ongoing EPS $0.54, up 13% from $0.48 a year ago.
- 2027 EPS forecast midpoint $2.10, an 8.2% increase over 2026 midpoint.
- $25B capital plan for 2027-2030, $2B above prior plan.
- Invitium agreed to terms for ~2 GW generation capacity for QTS Salem Township data center.
- $12B-$16B potential additional generation investment through 2032.
Extended-hours last trade $37.10, up 3.06% vs regular close of $36.00, indicating a positive reaction to the raised growth outlook and capital plan.
PPL raised its long-term growth target and unveiled a larger capital plan tied to surging data-center demand, signaling durable EPS upside.
PPL's data-center-driven generation opportunity mirrors the broader utility sector's pivot to large-load demand from hyperscalers.
The Invitium-QTS term sheet is nonbinding and subject to conditions precedent; ~$3.0B of additional equity financing is needed to fund the capital plan.