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PPL

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons6

American energy company

PPL Corporation is an energy company headquartered in Allentown, Pennsylvania in the Lehigh Valley region of eastern Pennsylvania. The company is publicly traded on the New York Stock Exchange as NYSE: PPL and is part of the S&P 500. As of 2022, the company had $7.9 billion in revenue, 6,500 employees, over $37 billion in assets, and serves 3.6 million customers.3 Wikipedia text CC BY-SA 4.0

$34.60 down 0.01 (0.01%)Price as of Oct 21, 2026 at 18:59 UTC

Last updated Oct 21, 2026.

Overview

1920Founded1

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  • TickerPPL on NYSE1
  • Industryelectricity supply company1
  • HeadquartersAllentown1
  • Websitewww.pplweb.com
  • Legal formsociété par actions simplifiée1
  • Business addressTwo N Ninth St, Allentown, Pa 18101-11797
  • Filer categoryLarge accelerated filer7
  • LEI9N3UAJSNOUXFKQLF3V184
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address645 Hamilton Street, 18101 Allentown, United States4
  • Registered withPennsylvania Department of State, 25709364

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PPL Corporation is an energy company headquartered in Allentown, Pennsylvania in the Lehigh Valley region of eastern Pennsylvania. The company is publicly traded on the New York Stock Exchange as NYSE: PPL and is part of the S&P 500. As of 2022, the company had $7.9 billion in revenue, 6,500 employees, over $37 billion in assets, and serves 3.6 million customers.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

23.2%Operating margin10
12.9%Net margin10
8.6%Revenue growth, 202510
7.9%Return on equity10
1.21×Debt to equity10
-$1.4BFree cash flow10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Total Segments brought in 50% of the revenue PPL broke down this way in fiscal 2025.

  1. Total Segments$9.0B1050%up 7% from 2024
  2. Kentucky Regulated$3.8B1021%up 5% from 2024
  3. Pennsylvania Regulated$3.1B1017%up 10% from 2024
  4. Rhode Island Regulated$2.3B1013%up 14% from 2024
  5. Corporate$1.0M100%
Business segments by year
Business segments202320242025
Total Segments$8.3B$8.5B$9.0B
Kentucky Regulated$3.4B$3.6B$3.8B
Pennsylvania Regulated$3.0B$2.8B$3.1B
Rhode Island Regulated$1.9B$2.0B$2.3B
Corporate$1.0M$0$1.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs75¢$6.9B
  • Interest9¢$808.0M
  • Income tax3¢$291.0M
  • Profit13¢$1.2B

Out of $9.2B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Capital spending84¢$4.0B
  • Dividends paid16¢$794.0M

Out of $2.6B of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.10

Financial statements

Revenue1112131410$9.2B in 2025+65% since 2019
0$2.5B$5.0B$7.5B$10.0B2019: $5.5B$5.5B20192020: $5.4B$5.4B2020−2%2021: $5.8B$5.8B2021+8%2022: $7.8B$7.8B2022+33%2023: $8.3B$8.3B2023+6%2024: $8.4B$8.4B2024+2%2025: $9.2B$9.2B2025+9%
Operating income1112131410$2.1B in 2025+40% since 2019
0$1.0B$2.0B$3.0B2019: $1.5B$1.5B20192020: $1.6B$1.6B2020+4%2021: $1.4B$1.4B2021−10%2022: $1.4B$1.4B2022−4%2023: $1.6B$1.6B2023+19%2024: $1.7B$1.7B2024+7%2025: $2.1B$2.1B2025+22%
Net income1112131410$1.2B in 2025−32% since 2019
-$2.0B-$1.0B0$1.0B$2.0B2019: $1.7B$1.7B20192020: $1.5B$1.5B2020−16%2021: -$1.5B-$1.5B20212022: $756.0M$756.0M20222023: $740.0M$740.0M2023−2%2024: $888.0M$888.0M2024+20%2025: $1.2B$1.2B2025+33%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Operating Revenues$9.0B$8.5B$8.3B
Fuel$855.0M$783.0M$733.0M
Energy purchases$1.9B$1.7B$1.8B
Other operation and maintenance$2.4B$2.6B$2.5B
Depreciation$1.3B$1.3B$1.3B
Taxes, other than income$423.0M$374.0M$392.0M
Total Operating Expenses$6.9B$6.7B$6.7B
Operating Income$2.1B$1.7B$1.6B
Other Income (Expense) - net$151.0M$114.0M-$40.0M
Interest Expense, Operating and Nonoperating$808.0M$738.0M$666.0M
Income from Continuing Operations Before Income Taxes$1.5B$1.1B$924.0M
Income Taxes$291.0M$228.0M$184.0M
Net income (Loss)$1.2B$888.0M$740.0M
Net Income (Loss) Available to PPL Common , Per Basic shares$1.60$1.20$1.00
Net Income (Loss) Available to PPL Common Shareowners, Per Diluted Shares$1.59$1.20$1.00
Basic739.4M shares737.8M shares737.0M shares
Diluted743.3M shares739.9M shares738.2M shares

Compare PPL with another company

Corporate structure

PPL sits at the top of its group. 14 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PPL

  • PPL Allentown, Pennsylvania, United States
    • Louisville Gas & Electric Louisville, Kentucky, United States
    • CEP Reserves, Inc. Subsidiary · Delaware, United States
    • KENTUCKY UTILITIES COMPANY Subsidiary · Lexington, Kentucky, United States
    • LG&E and KU Capital LLC Subsidiary · Kentucky, United States
    • LG&E and KU Energy LLC Subsidiary · Kentucky, United States
    • PPL CAPITAL FUNDING, INC. Subsidiary · Wilmington, Delaware, United States
    • PPL ELECTRIC UTILITIES CORPORATION Subsidiary · Allentown, Pennsylvania, United States
    • PPL Energy Funding Corporation Subsidiary · Pennsylvania, United States
    • PPL Energy Holdings, LLC Subsidiary · Delaware, United States
    • PPL Rhode Island Holdings, LLC Subsidiary · Delaware, United States
    • PPL Subsidiary Holdings, LLC Subsidiary · Delaware, United States
    • PPL UK MANAGEMENT PARTNERS Subsidiary · Bristol, United Kingdom
    • The Narragansett Electric Company Subsidiary · Providence, Rhode Island, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PPL reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$3.4B10 Dec 31, 2025$2.4B10 Dec 31, 2024+43.8%
Accumulated depreciation$26.0M10 Dec 31, 2025$29.0M10 Dec 31, 2024−10.3%
Property and equipment, net$36.1B10 Dec 31, 2025$33.1B10 Dec 31, 2024+9.0%
Operating-lease assets (leased space)$010 Dec 31, 2025$014 Dec 31, 2024

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.1B10 Dec 31, 2025$306.0M10 Dec 31, 2024+250.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.2B10 Dec 31, 2025$2.2B10 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$327.0M10 Dec 31, 2025$314.0M10 Dec 31, 2024+4.1%
Indefinite-lived intangibles (excluding goodwill)$18.0M10 Dec 31, 2025$18.0M10 Dec 31, 20240%
Finite-lived intangibles, gross$596.0M10 Dec 31, 2025$579.0M10 Dec 31, 2024+2.9%
Accumulated amortization$263.0M10 Dec 31, 2025$263.0M10 Dec 31, 20240%

Inventory

ItemLatestA year beforeChange
Inventory, total$551.0M10 Dec 31, 2025$511.0M10 Dec 31, 2024+7.8%

Properties, in its own words

Kentucky Regulated Segment (PPL, LG&E and KU)

LG&E's and KU's properties consist primarily of regulated generation facilities, electricity transmission and distribution assets and natural gas transmission and distribution assets in Kentucky. The capacity of generation units is based on a number of factors, including the operating experience and physical condition of the units, and may be revised periodically to reflect changed circumstances. The electricity generating capacity at December 31, 2025 was:

The rest of Item 2

LG&E · KU

Primary Fuel/Plant · Total MWCapacitySummer · % Ownershipor OtherInterest · Ownership orOther Interestin MW · % Ownershipor OtherInterest · Ownership orOther Interestin MW

Coal

Ghent - Units 1- 4 · 1,919 · 100.00 · 1,919

Mill Creek - Units 2- 4 · 1,165 · 100.00 · 1,165

E.W. Brown - Unit 3 · 412 · 100.00 · 412

Trimble County - Unit 1 (a) · 493 · 75.00 · 370

Trimble County - Unit 2 (a) · 732 · 14.25 · 104 · 60.75 · 445

4,721 · 1,639 · 2,776

Natural Gas/Oil

E.W. Brown Unit 5 (b) · 130 · 53.00 · 69 · 47.00 · 61

E.W. Brown Units 6 - 7 · 292 · 38.00 · 111 · 62.00 · 181

E.W. Brown Units 8 - 11 (b) · 484 · 100.00 · 484

Trimble County Units 5 - 6 · 318 · 29.00 · 92 · 71.00 · 226

Trimble County Units 7 - 10 · 636 · 37.00 · 235 · 63.00 · 401

Paddy's Run Unit 12 · 23 · 100.00 · 23

Paddy's Run Unit 13 · 147 · 53.00 · 78 · 47.00 · 69

Haefling - Units 1 - 2 · 24 · 100.00 · 24

Cane Run Unit 7 · 691 · 22.00 · 152 · 78.00 · 539

2,745 · 760 · 1,985

Hydro

Ohio Falls - Units 1-8 · 64 · 100.00 · 64

Dix Dam - Units 1-3 · 32 · 100.00 · 32

96 · 64 · 32

Solar

E.W. Brown Solar (c) · 8 · 39.00 · 3 · 61.00 · 5

Total · 7,570 · 2,466 · 4,798

(a)Trimble County Unit 1 and Trimble County Unit 2 are jointly owned with Illinois Municipal Electric Agency and Indiana Municipal Power Agency. Each owner is entitled to its proportionate share of the units' total output and funds its proportionate share of capital, fuel and other operating costs. See Note 11 to the Financial Statements for additional information.

(b)There is an inlet air cooling system attributable to these units. This inlet air cooling system is not jointly owned; however, it is used to increase production on the units to which it relates, resulting in an additional 12 MW of capacity for LG&E and an additional 86 MW of capacity for KU.

(c)This unit is a 10 MW facility and achieves such production. The 8 MW solar facility summer capacity rating is reflective of an average expected output across the peak hours during the summer period based on average weather conditions at the solar facility.

For a description of LG&E's and KU's service areas, see "Item 1. Business - General - Segment Information - Kentucky Regulated Segment." At December 31, 2025, LG&E's and KU's electricity transmission and distribution systems and LG&E's natural gas transmission and distribution systems were:

LG&E · KU

Distribution · Transmission · Distribution · Transmission

Electricity System

Substations (a) · 97 · 79 · 460 · 216

Capacity (in millions of kVA) · 6 · 8 · 8 · 16

Overhead lines (circuit miles) · 3,890 · 662 · 14,104 · 4,064

Underground lines (circuit miles) · 2,913 · 6 · 2,901 · 4

Natural Gas System

Distribution mains (miles) · 4,475 · — · — · —

Transmission pipeline (miles) · — · 230 · — · —

Transmission storage lines (miles) · — · 83 · — · —

Combustion turbine lines (miles) · — · 19 · — · 11

Storage fields · — · 4 · — · —

Storage field capacity (Bcf) · — · 11 · — · —

(a)196 substations (62 at LG&E and 134 at KU) are shared between the distribution and transmission systems.

Substantially all of LG&E's and KU's respective real and tangible personal property located in Kentucky and used or to be used in connection with the generation, transmission and distribution of electricity and, in the case of LG&E, the storage and distribution of natural gas, is subject to the lien of either the LG&E 2010 Mortgage Indenture or the KU 2010 Mortgage Indenture. See Note 8 to the Financial Statements for additional information.

LG&E and KU continuously reexamine development projects based on market conditions and other factors to determine whether to proceed with the projects, sell, cancel or expand them or pursue other options. See Item 1. Business for a discussion related to LG&E's and KU's Solar Share program and 2022 and 2025 CPCN filings.

Pennsylvania Regulated Segment (PPL and PPL Electric)

For a description of PPL Electric's service area, see "Item 1. Business - General - Segment Information - Pennsylvania Regulated Segment." PPL Electric has electric transmission and distribution lines in public streets and highways pursuant to franchises and rights-of-way secured from property owners. At December 31, 2025, PPL Electric's transmission system includes 53 substations with a total capacity of 32 million kVA and 5,301 circuit miles in service. PPL Electric's distribution system includes 355 substations with a total capacity of 15 million kVA, 36,660 circuit miles of overhead lines and 9,102 underground circuit miles. All of PPL Electric's facilities are located in Pennsylvania. Substantially all of PPL Electric's distribution properties and certain transmission properties are subject to the lien of the PPL Electric 2001 Mortgage Indenture. See Note 8 to the Financial Statements for additional information.

Rhode Island Regulated Segment (PPL)

For a description of RIE's service area, see "Item 1. Business - General - Segment Information - Rhode Island Regulated Segment." At December 31, 2025, RIE's electric transmission system includes 45 substations with capacity of 33 kVA or higher, 361 circuit miles of overhead lines and 49 underground circuit miles. RIE's electric distribution system includes 59 substations, 6,600 circuit miles of overhead lines and 1,268 underground circuit miles. RIE also has distribution mains for its natural gas system with mileage of 3,220 miles. All of RIE's facilities are located in Rhode Island.

Item 2 of the 10-K filed Feb 20, 2026.19

The story

20th century

PPL Corporation was founded as Pennsylvania Power & Light in 1920, the product of a merger of eight smaller Pennsylvania-based utility companies. It gradually extended its service territory to a crescent-shaped region of central and Northeastern Pennsylvania, stretching from Lancaster in central Pennsylvania through the Lehigh Valley in eastern Pennsylvania, and Scranton, and Wilkes-Barre in Northeastern Pennsylvania.

In 1995, the company reorganized as a holding company. PP&L Resources was renamed PPL Corporation in 2000.

The company limited its operations to Pennsylvania until deregulation of electrical utilities in the 1990s encouraged PPL to purchase assets in other states. The largest of these acquisitions was PPL's 1998 purchase of 13 plants from Montana Power Company, which added over 2,500 megawatts in capacity, representing the largest expansion in the company's history.

21st century

In 2010, PPL completed the acquisition of two regulated Kentucky-based utilities, Louisville Gas & Electric in Louisville and Kentucky Utilities in Lexington.

In February 2010, PPL Corporation purchased the naming rights to the venue originally known as PPL Park, the home stadium of Major League Soccer's Philadelphia Union, in Chester, Pennsylvania. As part of the $25 million, 11-year deal, PPL EnergyPlus provided sustainable energy to PPL Park derived from other sources in Pennsylvania.

After PPL spun off its non-regulated generation business into the separate Talen Energy, the stadium naming rights were assumed by the spinoff company and the venue became known as Talen Energy Stadium. In February 2020, the park was named Subaru Park.

In 2011, PPL completed the acquisition of two regulated regional electricity distribution companies in the United Kingdom. Along with two previously acquired regional electricity distribution companies, the company operates as Western Power Distribution (WPD).

In 2014, the company's hydroelectric facilities were sold to NorthWestern.

Read the full text

On June 6, 2014, PPL announced it would divest its electrical generation facilities to a newly formed company, Talen Energy. On June 1, 2015, the Talen spinoff was completed, allowing PPL to concentrate on the transmission and distribution aspects of the electric utility business.

In 2020, PPL initiated a formal process to sell WPD in order to position PPL as a purely U.S.-focused energy company and create additional shareowner value. This resulted in a March 18, 2021, announcement of agreements to sell WPD to National Grid plc for £7.8 billion and acquire National Grid's Rhode Island electric and gas utility, the Narragansett Electric Company, for $3.8 billion. The sale of WPD was completed on June 14, 2021.

The sale of the Narragansett Electric Company was completed on May 25, 2022, and Narragansett Electric was renamed Rhode Island Energy.

In November 2019, William Spence, PPL's former chairman and chief executive officer, said that the company is focusing on building more advanced cleaner energy technologies and is also increasing its effort on a strategy known as "Energy Forward." The company has invested billions to improve infrastructure and technology in order to create a smarter, more reliable and resilient energy grid. In the third quarter of 2019, PPL completed a $470 million investment in replacing meters with "advanced" meters in Pennsylvania.

PPL owns the naming rights to the PPL Center in Allentown, which hosts the Lehigh Valley Phantoms of the American Hockey League starting with the 2014 season. PPL paid an undisclosed sum over ten years.

PPL's companies regularly rank high in customer satisfaction studies. PPL Electric Utilities, which serves 1.4 million customers in 29 counties in Pennsylvania, has received 30 J.D. Power and Associates awards for customer satisfaction.

Louisville Gas and Electric and Kentucky Utilities, which serves 1.3 million customers in nearly 100 counties across Kentucky and Virginia, has won 28 J.D. Power awards for customer satisfaction.

PPL Building

For a century, the company had been headquartered at the PPL Building, which is the tallest building in Allentown and greater Lehigh Valley metropolitan area as of 2023. The 24-story building is 322 feet (98 m) tall. It is located at the intersection of Hamilton and 9th streets in Center City Allentown.

On March 1, 2024, PPL Corporation announced that its subsidiary PPL Electric Utilities reached a tentative $9 million agreement to sell its 2 North Ninth St. Tower Building and office complex to Pennsylvania-based developer D&D Realty Group. The company's headquarters is now a few blocks away at 645 Hamilton St.

From Wikipedia’s article on PPL Corporation, shared under CC BY-SA 4.0.8

Leadership

Who has led PPL, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. William F. Hecht2006–2007
  2. William H. Spence2012–2020
  3. Vincent Sorgi2020–now

Chair

  1. William F. Hecht2006–2007
  2. William H. Spence2012–2020
  3. Victor A. Staffieri2017–2018

President

  1. Bryce L. Shriver2006–2008
  2. John F. Sipics2006
  3. Paul T. Champagne2006–2008
  4. Rick L. Klingensmith2006–2014
  5. Roger L. Petersen2006
  6. Clarence J. Hopf Jr.2007–2008
  7. David G. Decampli2007–2014
  8. Robert D. Gabbard2008–2015
  9. Victor A. Staffieri2010–2016
  10. William H. Spence2011–2019
  11. Gregory N. Dudkin2012–2021
  12. Paul A. Farr2014–2015
  13. Vincent Sorgi2019–2021
  14. Stephanie R. Raymond2021–2023
  15. John R. Crockett Iii.2021–2022
  16. David J. Bonenberger2022–2024
  17. Christine M. Martin2023–2024
  18. John Gregory Cornett2024–now

Chief financial officer

  1. John R. Biggar2006–2007
  2. Paul A. Farr2007–2014
  3. Vincent Sorgi2014–2019
  4. Joseph P. Bergstein Jr.2019–now

Chief operating officer

  1. William H. Spence2006–2011
  2. Vincent Sorgi2019–2020
  3. Gregory N. Dudkin2021–2022
  4. Francis X. Sullivan2023–2025
  5. David J. Bonenberger2025–now
197019801990200020102020
Board members and other officers (41)

Products and brands

PPL Electric Utilities Corporation, commonly known as PPL Electric Utilities and formerly known as Pennsylvania Power & Light Company or Pennsylvania Power & Light

LG&E and KU Energy. The company was created in 1998, when LG&E Energy, parent of LG&E, acquired KU Energy, parent of KU and ODP. In 2000, Powergen, a British-based company, acquired LG&E Energy, which still operated under that name. In 2002, German-based E.ON acquired Powergen; the following year, in 2003, E.ON transferred the LG&E Energy group to its American subsidiary, E.ON US Holdings. On April 28, 2010, PPL and E.ON announced a definitive agreement in which PPL was to acquire E.ON US for $7.625 billion. The sale was closed on November 1, 2010, with E-ON US becoming LG&E and KU Energy. It in turn is composed of:

Louisville Gas & Electric: The Louisville Gas & Electric Company traces its origins to 1838 and the Louisville Gas & Water Co. which distributed gas to the Louisville area (but not water, despite the name). It merged with other local utilities to form the Louisville Gas & Electric Company in 1913, and built a pipeline to West Virginia for natural gas delivery a year later. The 178-mile pipeline was the longest of its kind at the time. The company developed a hydroelectric plant at the McAlpine Locks and Dam starting in the 1920s, which was initially one of the largest in the world. LG&E reorganized as a holding company in 1990 to expand its operations, and by 1997 when it merged with KU Energy, it was one of the largest energy marketers in the United States.

Kentucky Utilities

Read the full text

PPL Global

Rhode Island Energy, formerly a regional business of Narragansett Electric Company, formed in 2022 following its purchase from National Grid

From Wikipedia’s article on PPL Corporation, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • CEP Reserves, Inc. Delaware9
  • LG&E and KU Capital LLC Kentucky9
  • LG&E and KU Energy LLC Kentucky9
  • Louisville Gas and Electric Company Kentucky9
  • PPL Capital Funding, Inc. Delaware9
  • PPL Electric Utilities Corporation Pennsylvania9
  • PPL Energy Funding Corporation Pennsylvania9
  • PPL Energy Holdings, LLC Delaware9
  • PPL Rhode Island Holdings, LLC Delaware9
  • PPL Subsidiary Holdings, LLC Delaware9
  • The Narragansett Electric Company Rhode Island9

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • PP&L RESOURCES INCApr 27, 1995 to Feb 7, 20007

Timeline

  1. Aug 27, 20268-K Other events91
  2. Aug 17, 20268-K Other events92
  3. Aug 7, 20268-K Results of operations; Regulation FD disclosure93
  4. Jun 30, 20268-K Executive or director change; Regulation FD disclosure94
  5. Jun 4, 20268-K Other events95
  6. May 18, 20268-K Entered a material agreement; New debt or obligation96
  7. May 15, 20268-K New debt or obligation; Other events97
  8. May 13, 20268-K Executive or director change; Shareholder vote98
  9. May 8, 20268-K Results of operations; Regulation FD disclosure99
  10. Mar 24, 20268-K Other events100
  11. Mar 13, 20268-K Other events101
  12. Mar 6, 20268-K Other events102
  13. Jun 2, 2020New chief executive Vincent Sorgi becomes CEO20
  14. Jan 24, 2012New chief executive William H. Spence becomes CEO21
  15. Jan 30, 2006New chief executive William F. Hecht becomes CEO22
  16. 1920Founded Founded1

Calendar

Coming up

  1. Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.48 a share, on Nov 5, 2025.103

When it reported results

  1. Aug 7, 2026Reported quarterly or annual results93
  2. May 8, 2026Reported quarterly or annual results99
  3. Feb 20, 2026Reported quarterly or annual results104
  4. Nov 5, 2025Reported quarterly or annual results105
  5. Jul 31, 2025Reported quarterly or annual results106
  6. Apr 30, 2025Reported quarterly or annual results107
  7. Feb 13, 2025Reported quarterly or annual results108
  8. Nov 1, 2024Reported quarterly or annual results109

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

591 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 95 major events, 401 insider forms, 18 large holders, 57 other. The latest 20:

  1. Oct 15, 2026144 EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 2, 20264 EDGAR
  4. Oct 2, 20264 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 2, 20264 EDGAR
  7. Oct 2, 20264 EDGAR
  8. Oct 2, 20264 EDGAR
  9. Oct 2, 20264 EDGAR
  10. Oct 2, 20264 EDGAR
  11. Sep 2, 20264 EDGAR
  12. Aug 27, 20268-K EDGAR
  13. Aug 17, 20268-K EDGAR
  14. Aug 7, 202610-Q EDGAR
  15. Aug 7, 20268-K EDGAR
  16. Jul 31, 2026SCHEDULE 13G EDGAR
  17. Jul 28, 2026SCHEDULE 13G/A EDGAR
  18. Jul 23, 20264 EDGAR
  19. Jul 2, 20263 EDGAR
  20. Jul 2, 20264 EDGAR

The 591 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

31 open-market trades by officers, directors and large owners since October 2021: 0 buys and 31 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 12, 2026Cornett John GregoryPresident of a PPL SubsidiarySale7,051$35.56$250.7KForm 4
Aug 27, 2025Crockett John R IIIPresident of a PPL SubsidiarySale15,791$36.56$577.3KForm 4
Jul 29, 2025Bonenberger David JEVP & COO-UtilitiesSale2,165$35.86$77.6KForm 4
May 27, 2025Martin Christine MPresident of a PPL SubsidiarySale306$34.98$10.7KForm 4
May 27, 2025Henninger Tadd JSVP-Finance and TreasurerSale1,076$34.98$37.6KForm 4
May 27, 2025Bonenberger David JEVP & COO-UtilitiesSale1,767$34.98$61.8KForm 4
May 23, 2025Gosman Angela KEVP and CHROSale6,533$34.66$226.4KForm 4
Feb 28, 2025Martin Christine MPresident of a PPL SubsidiarySale1,146$34.78$39.9KForm 4
Feb 18, 2025Bonenberger David JEVP & COO-UtilitiesSale4,523$33.86$153.1KForm 4
Feb 18, 2025Henninger Tadd JSVP-Finance and TreasurerSale2,248$33.86$76.1KForm 4
Feb 3, 2025Bonenberger David JEVP & COO-UtilitiesSale17,178$33.38$573.4KForm 4
Feb 3, 2025Henninger Tadd JSVP-Finance and TreasurerSale7,745$33.38$258.5KForm 4
Jan 28, 2025Henninger Tadd JSVP-Finance and TreasurerSale1,424$33.48$47.7KForm 4
Jan 28, 2025Bonenberger David JEVP & COO-UtilitiesSale981$33.48$32.8KForm 4
Jan 27, 2025Crockett John R IIIPresident of a PPL SubsidiarySale1,589$33.12$52.6KForm 4
Dec 17, 2024Henninger Tadd JSVP-Finance and TreasurerSale6,639$32.16$213.5KForm 4
Nov 21, 2024Crockett John R IIIPresident of a PPL SubsidiarySale9,161$34.35$314.7KForm 4
Aug 29, 2024Henninger Tadd JSVP-Finance and TreasurerSale4,782$31.74$151.8KForm 4
Nov 16, 2023Henninger Tadd JSVP-Finance and TreasurerSale13,330$25.99$346.4KForm 4
Apr 5, 2023Crockett John R IIIPresident of a PPL SubsidiarySale5,500$28.00$154.0KForm 4

All 31 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Vincent Sorgi54$1.2M$11.1M117
2025Francis X. Sullivan$202.1K$3.5M117
2025Joseph P. BergsteinJr.$724.8K$3.5M117
2025David J. Bonenberger$544.0K$3.1M117
2025Wendy E. Stark$662.2K$3.0M117
2025Dean A. Del Vecchio$669.0K$2.9M117
2024President and CEO$1.2M$9.9M117
2024EVP and CTIO$550.0K$4.1M117
2024EVP and CFO$690.8K$3.2M117
2024Former EVP and COO$680.8K$3.2M117
2024EVP-Utilities and CLO$612.9K$2.5M117
2023President and CEO$1.2M$9.8M117
2023EVP and CFO$670.6K$3.4M117
2023EVP-Utilities and CLO$567.5K$2.9M117
2023Former EVP and COO$613.2K$2.6M117

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.67,100,264$2.4B0.0%+3,875,549
Vanguard Capital Management LLC47,876,837$1.7B0.0%+678,199
State Street Corp40,497,920$1.5B0.0%+1,082,096
Vanguard Portfolio Management LLC37,684,426$1.4B0.1%+1,072,455
Invesco Ltd.28,821,623$1.0B0.1%−98,532
Wellington Management Group Llp21,372,119$776.9M0.1%−3,137,182
Geode Capital Management, LLC19,940,050$722.0M0.0%+572,722
Morgan Stanley16,397,552$596.1M0.0%−566,898
Fmr LLC16,262,056$591.1M0.0%+3,747,971
Franklin Resources Inc16,174,111$587.9M0.1%−27,662,001
Barclays PLC14,738,460$535.7M0.2%+1,352,962
Citadel Advisors LLC14,356,145$521.8M0.3%+6,030,510
Bank Of America Corp /de/11,327,646$411.8M0.0%−3,078,692
Millennium Management LLC10,337,308$375.8M0.3%+1,751,130
Federated Hermes, Inc.9,477,781$344.5M0.5%+1,260,815
Qube Research & Technologies Ltd9,378,230$340.9M0.4%+7,512,690
Jane Street Group, LLC9,241,378$335.9M0.2%+9,199,716
Point72 Asset Management, L.P.8,354,771$303.7M0.5%+2,695,447
Northern Trust Corp7,626,715$277.2M0.0%−238,915
Goldman Sachs Group Inc6,912,520$251.3M0.0%−1,787,131
Alliancebernstein L.P.5,533,224$211.4M0.1%+22,768
Jpmorgan Chase & Co5,323,293$195.6M0.0%+660,640
Cbre Investment Management Listed Real Assets LLC5,283,738$192.1M2.7%+664,061
Charles Schwab Investment Management Inc5,214,812$189.6M0.0%+162,012
Legal & General Group Plc5,153,396$187.3M0.0%−284,170

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

12 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jul 11, 2025Ritchie TorresDemocratic, HouseSale$1,001 - $15,000+23.1%Report
Sep 26, 2024Ritchie TorresDemocratic, HouseBuy$1,001 - $15,000−29.1%Report
Oct 12, 2022Kathy Manning, HouseBuy$1,001 - $15,000−72.7%Report
Mar 14, 2022Virginia FoxxRepublican, HouseSale$100,001 - $250,000+53.2%Report
Dec 11, 2020Lois FrankelDemocratic, HouseSale$1,001 - $15,000+87.9%Report
Apr 2, 2020Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−156.4%Report
Mar 18, 2020Gilbert Ray Cisneros, Jr.Democratic, HouseSale$1,001 - $15,000+170.4%Report
Feb 10, 2020Lois FrankelDemocratic, HouseBuy$1,001 - $15,000−135.1%Report
Jan 3, 2020Virginia FoxxRepublican, HouseBuy$1,001 - $15,000−141.9%Report
Dec 10, 2019Patrick J Toomey, SenateBuy$15,001 - $50,000−144.1%Report
Apr 30, 2018Thomas R. SuozziDemocratic, HouseSale$1,001 - $15,000+173.3%Report
Aug 17, 2017Thomas R. SuozziDemocratic, HouseBuy$1,001 - $15,000−228.7%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How PPL is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPPL Corp2
  • CIK0000922224
  • Employer ID (EIN)23-275819219
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company19
  • Incorporated inPennsylvania19
  • Fiscal year endsDecember 312
  • Industry code (SIC)4911 Electric Services2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business addressTwo N Ninth St, Allentown, PA 18101-11792
  • Phone610-774-51512
  • Shares outstanding751,306,792 shares; 66,368,056 Ppl Electric Utilities Corp shares; 21,294,223 Louisville Gas And Electric Co shares; 37,817,878 Kentucky Utilities Co shares as of Jan 30, 202619
  • Public float$25.1B as of Jun 30, 202319
  • AuditorDeloitte & Touche LLP, Morristown, New Jersey PCAOB ID 34; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceMar 3, 19952
  • Filings3,967 in all: 4 (2,561), 8-K (658), 10-Q (94), 424B5 (80), 3 (48), 4/A (41), SC 13G/A (40), DEF 14A (31)2
    All 60 form types

    DEFA14A (31), 424B2 (30), 424B3 (29), 11-K (26), 10-K (25), UPLOAD (22), 144 (21), 8-K/A (18), ARS (18), SC 13G (18), FWP (17), CORRESP (15), S-8 (12), S-3ASR (11), 10-Q/A (7), S-3 (7), 10-K405 (6), S-3/A (6), 425 (5), 8-A12B (5), PRE 14A (5), S-3D (5), S-4/A (5), SCHEDULE 13G (5), 5 (4), NO ACT (4), PX14A6G (4), S-4 (4), SC 13E4/A (4), SC TO-I/A (4), 25 (3), CERTNYS (3), S-8 POS (3), SCHEDULE 13G/A (3), 11-K/A (2), 25-NSE (2), 3/A (2), 424B1 (2), POSASR (2), S-3DPOS (2), SC 13D (2), SC 13D/A (2), SC 13E3/A (2), SC 13E4 (2), U-1/A (2), 10-K405/A (1), 35-CERT (1), 8-B12B (1), CERT (1), SC 13E3 (1), SC TO-I (1), U-1 (1)

  • Latest filingsAnnual report (10-K) Feb 20, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 1, 2026
    Latest 8-K (8-K) Aug 27, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock of PPL CorporationPPLNew York Stock Exchange
2007 Series A due 2067PPL/67New York Stock Exchange

From the cover page of the 10-K filed Feb 20, 2026 (Section 12(b) of the Exchange Act).19

Risk factors and legal proceedings

The risks PPL names in Item 1A of its 10-K filed Feb 20, 2026: 37 risks under these headings, as written.19

  • Order of Subsection Presentation
  • A.Risks Related to Registrant Holding Company
  • B.Risks Related to Regulated Utility Operations
  • C.Risks Specific to Kentucky Regulated Segment
  • D.Risks Specific to Pennsylvania Regulated Segment
  • E.Risks Specific to Rhode Island Regulated Segment
  • F.Risks Related to All Segments
  • A. Risk Related to Registrant Holding Company
  • PPL is a holding company and its cash flows and ability to meet its obligations with respect to indebtedness and under guarantees, and its ability to pay dividends, largely depends on the financial performance of its respective subsidiaries and, as a result, is effectively subordinated to all existing and future liabilities of those subsidiaries.
  • B. Risks Related to Regulated Utility Operations
  • The business and capital investment plans of PPL depend, in part, on the continued growth and viability of data centers and large load customers in its service territories.
  • Our profitability is highly dependent on our ability to recover the costs of providing energy and utility services to our customers and earn an adequate return on our capital investments. Regulators may not approve the rates we request and existing rates may be challenged.
The other 29 risks
  • Our utility businesses are subject to significant and complex governmental regulation.
  • Our regulated businesses undertake significant capital projects and these activities are subject to unforeseen costs, delays or failures, as well as risk of inadequate recovery of resulting costs.
  • We are or may be subject to costs of remediation of environmental contamination at facilities that are currently owned by us or that are owned or operated by our former subsidiaries.
  • C. Risks Specific to Kentucky Regulated Segment
  • We are subject to financial, operational, regulatory and other risks related to requirements, developments and uncertainties in environmental regulation, including those affecting coal-fired generation facilities.
  • We are subject to regulatory and other risks regarding natural gas supply infrastructure.
  • D. Risks Specific to Pennsylvania Regulated Segment
  • We face competition for transmission projects, which could adversely affect our rate base growth.
  • We could be subject to higher costs and/or penalties related to Pennsylvania Conservation and Energy Efficiency Programs.
  • E. Risks Specific to the Rhode Island Regulated Segment
  • We are subject to regulatory and other risks regarding natural gas supply infrastructure in Rhode Island.
  • F. Risks Related to All Segments
  • Our business operations are continually subject to cyber-based security and data integrity risks from vulnerabilities related to our IT systems, operational technology infrastructure and supply chain relationships.
  • Artificial Intelligence (AI) is an evolving area of technology that has the potential to affect multiple aspects of our business operations, grid management, critical infrastructure management, customer interactions, cybersecurity posture, and decision support processes.
  • Natural disasters or operational accidents may adversely affect the Registrants' operating results.
  • We are subject to risks associated with federal and state tax laws and regulations.
  • Increases in electricity prices and/or a weak economy can lead to changes in legislative and regulatory policy, including the promotion of energy efficiency, conservation and distributed generation or self-generation, which may adversely affect our business.
  • We could be negatively affected by rising interest rates, downgrades to our credit ratings, adverse credit market conditions or other negative developments in our ability to access capital markets.
  • A downgrade in our credit ratings could negatively affect our ability to access capital and increase the cost of maintaining our credit facilities and any new debt.
  • Our operating revenues could fluctuate on a seasonal basis, especially as a result of extreme weather conditions, including storms, or from changes in average temperatures for extended periods, which may be caused or exacerbated by climate change.
  • Our businesses are subject to physical, market and economic risks relating to potential effects of climate change.
  • We cannot predict the outcome of legal proceedings or investigations related to our businesses in which we are periodically involved. An unfavorable outcome or determination in any of these matters could have a material adverse effect on our financial condition, results of operations or cash flows.
  • Significant increases in our operation and maintenance expenses, including health care and pension costs, could adversely affect our future earnings and liquidity.
  • We may incur liabilities in connection with divestitures.
  • We are subject to liability risks relating to our generation, transmission and distribution operations.
  • Our facilities may not operate as planned, which may increase our expenses and decrease our revenues and have an adverse effect on our financial performance.
  • We are required to obtain, and to comply with, government permits and approvals.
  • War, other armed conflicts or terrorist attacks could have a material adverse effect on our business.
  • We are subject to counterparty performance, credit or other risk in the provision of goods or services to us, which could adversely affect our ability to operate our facilities or conduct business activities.
  • We are subject to the risk that our workforce and its knowledge base may become depleted in coming years.

Legal proceedings

See Notes 6, 7, 9 and 12 to the Financial Statements for information regarding legal, tax and regulatory matters and proceedings.

The opening of Item 3, Legal Proceedings.19

Sources

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