PPL reaffirms FY26 outlook with $1.90–$1.98 EPS forecast

PPL Corp. reaffirmed its financial outlook for fiscal year 2026 on Thursday, standing by its forecast of ongoing earnings between $1.90 and $1.98 per share. The company, which released its second-quarter results, said its outlook remains intact despite recent market volatility. PPL emphasized that stronger earnings growth is expected in the second half of 2026, driven by improved rate recovery and capital tracking mechanisms that allow for faster recovery of investments.

The energy company also maintained its long-term growth targets, projecting annual earnings per share growth of 6 to 8 percent through at least 2029. PPL expects this growth trend to begin in 2027 and continue through the end of the decade. Notably, the company’s business plan does not include any earnings contributions or capital investments from Invitium Energy, its 51% joint venture with Blackstone Infrastructure aimed at building generation resources for data centers in Pennsylvania.

Looking ahead, PPL sees significant investment opportunities tied to ongoing economic development in Pennsylvania and Kentucky. The company estimates that potential generation investments could reach between $10 billion and $12 billion through 2032. These projects could further boost earnings and support the company’s long-term financial strategy.

In early trading on Friday, PPL’s stock was up slightly at $34.70 per share, reflecting modest investor confidence in the company’s outlook. While the broader market remains cautious, PPL’s reaffirmed guidance signals stability in its financial trajectory. For investors focused on steady energy sector growth, PPL’s projections provide a clear roadmap through 2029.