PPL(US:PPL)2025-11-05 16:00Financial Performance - PPL reported Q3 2025 GAAP earnings of $0.43 per share and ongoing earnings of $0.48 per share[8] - The company narrowed its 2025 ongoing EPS forecast range to $1.78 - $1.84 per share, maintaining a midpoint of $1.81 per share[8] - Year-to-date, PPL has agreed to issue approximately $1.4 billion of its total projected $2.5 billion equity needs through 2028 via ATM, utilizing forward sales contract features[37] Capital Investments and Growth - PPL is on track to complete approximately $4.3 billion of capital investments and achieve at least $150 million of cumulative O&M savings in 2025[8] - The company continues to project $20 billion of capital investment needs through 2028, resulting in an average annual rate base growth of 9.8% over the period[8] - PPL anticipates 6%-8% annual EPS and dividend growth through at least 2028[8, 44] Regulatory Updates - A Kentucky rate case stipulation proposes an aggregate increase in annual electricity and gas revenues of approximately $235 million[14] - LG&E would receive a $58 million increase for electric service and a $45 million increase for natural gas service[14] - KU would receive a $132 million increase for electric service[14] - PPL Electric Utilities filed its first distribution base rate change in a decade in Pennsylvania, requesting an annual distribution base rate revenue increase of approximately $356 million, with over $50 million already reflected in customer bills through riders, resulting in a net increase of approximately 8.6% in PPL Electric's total annual revenue[16, 18] Economic Development - Data centers in advanced stages in Pennsylvania increased to 20.5GW (up from 14.4GW in Q2), representing potential transmission capital investment of at least $1 billion with only $0.4 billion reflected in plan[23] - Economic development queue in Kentucky shows total potential load growth of 9.7GW through 2032, including 8.7GW from data center requests[26, 28]