PPL Corporation stock holds 2026 guidance after Q2 earnings

Published on 10/07/2026 at 02:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PPL Corporation stock carries a USD 1.90-1.98 2026 EPS outlook after Q2. GAAP EPS rose to USD 0.30 from USD 0.25 a year earlier.

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PPL Corporation (ISIN US69351T1060) was last at USD 33.70 on the NYSE on October 6, 2026 at 4:00 p.m. ET, up 2.28 percent from the prior close. The utility reaffirmed its 2026 ongoing EPS guidance of USD 1.90-1.98 after second-quarter results.

Q2 earnings support guidance

According to PPL Corporation, second-quarter 2026 GAAP earnings were USD 0.30 per share, compared with USD 0.25 in the second quarter of 2025. Ongoing EPS reached USD 0.33, up from USD 0.32 a year earlier, while operating revenue totaled USD 2.11 billion.

The company said its forecast midpoint is USD 1.94 in ongoing EPS for fiscal year 2026. The guidance range gives the market a defined earnings framework after the quarterly result, even as the quarter's ongoing EPS came in below the USD 0.34 consensus cited by MarketBeat on October 5, 2026.

Capital plan keeps growth visible

Management's long-range plan calls for USD 23 billion of infrastructure investment through 2029 and annual EPS growth of 6-8 percent. The company also expects annual dividend growth of 4-6 percent through at least 2029, linking the capital program to both rate-base expansion and shareholder distributions.

In its Q2 2026 earnings call, Yahoo Finance reported that PPL had deployed USD 2.3 billion of capital through the first half of 2026, 30 percent more than in the comparable period of 2025. The same call cited 3.7 gigawatts of expected new load by 2032, supporting the utility's data-center investment thesis.

Consensus target stays above market

MarketBeat reports a Moderate Buy consensus based on 15 analyst ratings, with an average price target of USD 40.21. The target lies 19.32 percent above the October 6 price of USD 33.70, a gap that reflects the market's lower valuation than the published analyst average.

Scotiabank's October 1, 2026 view carried a Strong Buy rating and a fiscal-year 2026 EPS estimate of USD 1.92, below the USD 1.94 consensus cited by MarketBeat. The counter-factor is execution: PPL's Q2 ongoing EPS missed consensus by USD 0.01, leaving rate recovery, cost control and capital deployment central to the outlook.

Stock remains below yearly high

PPL stock was last at USD 33.70 on October 6, 2026, with a session range of USD 33.10 to USD 33.73. Its 52-week range was USD 31.56 to USD 40.11, placing the price 15.98 percent below the high, while market capitalization stood at USD 25.4 billion and volume reached 7,007,280 shares.