PPL

EX-99.1

2 ppl-3312026exhibit991.htm

EX-99.1

Document

Exhibit 99.1

news release

www.pplnewsroom.com

Contacts:For news media: Ryan Hill, 610-774-4033

For financial analysts: Andy Ludwig, 610-774-3389

PPL Corporation delivers solid first-quarter 2026 earnings;

reaffirms full‑year guidance and long‑term growth targets

•Announces 2026 first-quarter earnings (GAAP) of $0.60 per share.

•Achieves 2026 first-quarter ongoing earnings per share of $0.63 versus $0.60 in 2025.

•Reaffirms 2026 ongoing earnings forecast of $1.90 to $1.98 per share with a midpoint of $1.94.

•Reaffirms annual EPS growth target of 6% to 8% through at least 2029 with compound annual growth expected to be near top end of the target range.

ALLENTOWN, Pa. (May 8, 2026) - PPL Corporation (NYSE: PPL) today announced first-quarter 2026 reported earnings (GAAP) of $452 million, or $0.60 per share, compared with first-quarter 2025 reported earnings of $414 million, or $0.56 per share.

Adjusting for special items, first-quarter 2026 earnings from ongoing operations (non-GAAP) were $478 million, or $0.63 per share, compared with $444 million, or $0.60 per share, a year ago.

“Our first-quarter results reflect strong financial and operational results and keep us on track to achieve our 2026 earnings guidance range,” said Vincent Sorgi, PPL president and chief executive officer. “We’re on pace to complete $5.1 billion in 2026 infrastructure investments to strengthen and modernize our electric and gas networks, build new generation resources in Kentucky and improve customer service while maintaining affordability for our customers.”

Based on the company’s financial performance year to date, PPL reaffirmed its 2026 ongoing earnings forecast range of $1.90 to $1.98 per share with a midpoint of $1.94 per share.

The company also reaffirmed its projection of 6% to 8% annual earnings-per-share (EPS) growth through at least 2029. The company expects to achieve compound annual growth near the top end of its targeted range through 2029 compared to 2025 actual ongoing earnings of $1.81 per share, with stronger growth beginning in 2027 and continuing through 2029.

During the quarter, PPL advanced several regulatory processes across its service territories that support improved service for its customers while strengthening the company’s visibility and confidence in its outlook.

In Pennsylvania, PPL Electric Utilities reached a settlement agreement with the majority of the intervening parties in its base rate case proceeding, the company’s first base rate case filing in over 10 years. The settlement includes various customer affordability enhancements, including protections under a new large-load customer rate class and electric service tariff, other modifications to low-income customer programs, and an agreement not to file a base rate case for at least two years from the effective date of the rate increases. The Administrative Law Judges assigned to the case recommended approval of the settlement without modification. The company expects a decision by the Pennsylvania Public Utility Commission by the end of the second quarter of 2026, with new rates effective July 1, 2026.

Rhode Island Energy received approval for its latest annual electric and gas infrastructure, safety and reliability plans, supporting over $330 million of critical investment needs in the state. Rhode Island Energy also submitted a new proposal to satisfy the hold-harmless commitment with the Rhode Island Public Utilities Commission (RIPUC) that would provide meaningful bill credits to customers starting in the first quarter of 2027. The hold-harmless filing will be reviewed by the RIPUC in connection with the company’s pending base rate case proceeding. The proposal addresses and accelerates PPL’s deferred tax hold-harmless commitment arising from the acquisition of Rhode Island Energy.

Throughout the first quarter, PPL also remained focused on opportunities to support significant economic development across its service territories, including continued robust expansion in Kentucky and investment needs in Pennsylvania to support a growing data center pipeline. PPL said Louisville Gas and Electric and Kentucky Utilities continue to make excellent progress on all new generation projects, which include over 1,900 megawatts (MW) of natural gas combined-cycle capacity (the first 645 MW expected to be in service in 2027), 240 MW of solar and 120 MW of battery storage.

PPL’s joint venture with Blackstone Infrastructure also continues to gain momentum and is making significant progress as it seeks to build, own and operate generation in Pennsylvania to serve data centers under long-term energy supply services agreements. The joint venture’s objectives align with the recent commitments by leading technology companies to “bring your own generation” solutions. The joint venture is advancing discussions with hyperscalers and taking action so it can move quickly once any energy supply serv

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported):  February 20, 2026

Commission File Number Registrant; State of Incorporation; Address and Telephone Number IRS Employer Identification No.

1-11459PPL Corporation23-2758192 (Exact name of Registrant as specified in its charter) Pennsylvania 645 Hamilton Street Allentown,PA18101 (610) 774-5151

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol: Name of each exchange on which registered

Common Stock of PPL Corporation PPL New York Stock Exchange

Junior Subordinated Notes of PPL Capital Funding, Inc.

2007 Series A due 2067

PPL/67

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Section 2 - Financial Information

Item 2.02 Results of Operations and Financial Condition

On February 20, 2026, PPL Corporation ("PPL") issued a press release announcing its financial results for the year ended December 31, 2025, and other business matters. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Section 7 - Regulation FD

Item 7.01 Regulation FD Disclosure

On February 20, 2026, at 11:00 a.m. (Eastern Time), members of PPL's senior management will hold a teleconference and webcast with financial analysts to discuss PPL's financial results for the year ended December 31, 2025, and other business matters. The event will be available live, in audio format, together with the slides to be used during the teleconference, on PPL's Internet website: www.pplweb.investorroom.com/events. The webcast will be available for replay on PPL's website for 90 days.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d)Exhibits

99.1 - Press Release, dated February 20, 2026, announcing PPL's financial results for the year ended December 31, 2025, and other business matters. 104 -Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document).

As provided in General Instruction B.2 of Form 8-K, the information contained in Items 2.02 and 7.01 of this Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall any such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PPL CORPORATION

By:/s/ Marlene C. Beers Marlene C. Beers Vice President and Controller

Dated:  February 20, 2026

ppl-20251105false000092222400009222242025-11-052025-11-050000922224us-gaap:CommonStockMember2025-11-052025-11-050000922224ppl:A2007SeriesADue2067Member2025-11-052025-11-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported):  November 5, 2025

Commission File Number Registrant; State of Incorporation; Address and Telephone Number IRS Employer Identification No.

1-11459PPL Corporation23-2758192 (Exact name of Registrant as specified in its charter) Pennsylvania 645 Hamilton Street Allentown,PA18101 (610) 774-5151

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol: Name of each exchange on which registered

Common Stock of PPL Corporation PPL New York Stock Exchange

Junior Subordinated Notes of PPL Capital Funding, Inc.

2007 Series A due 2067

PPL/67

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Section 2 - Financial Information

Item 2.02 Results of Operations and Financial Condition

On November 5, 2025, PPL Corporation ("PPL") issued a press release announcing its financial results for the quarter ended September 30, 2025, and other business matters. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Section 7 - Regulation FD

Item 7.01 Regulation FD Disclosure

On November 5, 2025, at 11:00 a.m. (Eastern Time), members of PPL's senior management will hold a teleconference and webcast with financial analysts to discuss PPL's financial results for the quarter ended September 30, 2025, and other business matters. The event will be available live, in audio format, together with the slides to be used during the teleconference, on PPL's Internet website: www.pplweb.investorroom.com/events. The webcast will be available for replay on PPL's website for 90 days.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d)Exhibits

99.1 - Press Release, dated November 5, 2025, announcing PPL's financial results for the quarter ended September 30, 2025, and other business matters. 104 -Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document).

As provided in General Instruction B.2 of Form 8-K, the information contained in Items 2.02 and 7.01 of this Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall any such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PPL CORPORATION

By:/s/ Marlene C. Beers Marlene C. Beers Vice President and Controller

Dated:  November 5, 2025