# PPL Corporation (PPL)

**Exchange:** NYSE  
**Sector:** Utilities  
**Market cap:** $26.45B  
**Price:** $35.58 (-0.48%)

> PPL Corporation is a U.S.-based energy company that owns and operates regulated utility businesses serving electricity and natural gas customers. Headquartered in Allentown, Pennsylvania and founded in 1920, the company focuses on the generation, transmission, and distribution of electricity, as well as the distribution of natural gas in select regions. PPL Corporation operates through three primary regulated segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. Its utilities deliver electricity to residential, commercial, and industrial customers in Pennsylvania, Kentucky, Virginia, and Rhode Island, and provide natural gas service in Kentucky and Rhode Island. In Kentucky, the company also owns and operates power plants that generate electricity for its regulated service territories. Positioned within the regulated utilities sector, PPL Corporation plays a key role in providing essential energy infrastructure and services, emphasizing reliability and system performance for millions of customers in the eastern United States.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $9.17B | — | $2.13B | $1.18B | $1.59 |
| 2024 | $8.44B | — | $1.74B | $888M | $1.20 |
| 2023 | $8.29B | — | $1.63B | $740M | $1.00 |
| 2022 | $7.79B | — | $1.37B | $756M | $1.02 |
| 2021 | $5.84B | — | $1.42B | -$1.48B | $-1.93 |
| 2020 | $5.43B | — | $1.59B | $1.47B | $1.91 |
| 2019 | $5.54B | — | $1.53B | $1.75B | $2.37 |
| 2018 | $7.78B | — | $2.85B | $1.83B | $2.58 |
| 2017 | $7.45B | — | $2.90B | $1.13B | $1.64 |
| 2016 | $7.52B | — | $2.94B | $1.90B | $2.79 |
| 2015 | $7.67B | — | $2.83B | — | $1.01 |
| 2014 | $7.85B | — | $2.87B | $1.74B | $2.61 |
| 2013 | $7.26B | — | $2.56B | $1.13B | $1.76 |
| 2012 | $12.13B | — | $3.03B | $1.53B | $2.60 |
| 2011 | $12.74B | — | $3.10B | $1.50B | $2.70 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $45.24B | $30.36B | $14.88B | $1.07B | $18.89B |
| 2024 | $41.07B | $26.99B | $14.08B | $306M | $16.50B |
| 2023 | $39.24B | $25.30B | $13.93B | $331M | $14.61B |
| 2022 | $37.84B | $23.92B | $13.91B | $356M | $13.24B |
| 2021 | $33.22B | $19.50B | $13.72B | $3.57B | $11.14B |
| 2020 | $48.12B | $34.74B | $13.37B | $442M | $14.69B |
| 2019 | $45.68B | $32.69B | $12.99B | $815M | $21.89B |
| 2018 | $43.40B | $31.74B | $11.66B | $621M | $20.60B |
| 2017 | $41.48B | $30.72B | $10.76B | $485M | $19.85B |
| 2016 | $38.31B | $28.42B | $9.90B | $341M | $17.81B |
| 2015 | $39.30B | $29.38B | $9.92B | $836M | $19.05B |
| 2014 | $48.61B | $34.98B | $13.63B | $1.40B | $18.05B |
| 2013 | $46.26B | $33.79B | $12.47B | $863M | $20.91B |
| 2012 | $43.63B | $33.14B | $10.50B | $488M | $19.48B |
| 2011 | $42.65B | $31.82B | $10.83B | $1.20B | $17.99B |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $2.63B | $4.03B | -$1.40B |
| 2024 | $2.34B | $2.81B | -$465M |
| 2023 | $1.76B | $2.39B | -$632M |
| 2022 | $1.73B | $2.15B | -$425M |
| 2021 | $2.27B | $1.97B | $297M |
| 2020 | $2.75B | $2.27B | $476M |
| 2019 | $2.43B | $2.24B | $184M |
| 2018 | $2.82B | $3.24B | -$417M |
| 2017 | $2.46B | $3.13B | -$672M |
| 2016 | $2.89B | $2.92B | -$30M |
| 2015 | $2.62B | $3.53B | -$918M |
| 2014 | $3.40B | $3.67B | -$271M |
| 2013 | $2.86B | $3.63B | -$773M |
| 2012 | $2.76B | $3.10B | -$341M |
| 2011 | $2.51B | $2.49B | $20M |

Source: [CompaniesByCap](https://companiesbycap.com/company/PPL)