PPL Corp

PPL 10-Q · Q1 2026

PPL Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Regulated Operating Revenue (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] · Nonrelated Party 619 559 +10.7%
Kentucky Utilities Co [Member] · Related Party 6 5 +20.0%
Louisville Gas And Electric Co [Member] · Nonrelated Party 588 500 +17.6%
Louisville Gas And Electric Co [Member] · Related Party 9 5 +80.0%
Revenue 2,774 2,504 +10.8%
Show Business Segments breakouts
Corporate 1
Kentucky Regulated [Member] 1,207 1,059 +14.0%
Pennsylvania Regulated [Member] 971 819 +18.6%
Rhode Island Regulated 595 626 -5.0%
Total Segments 2,773 2,504 +10.7%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 625 564 +10.8%
Louisville Gas And Electric Co [Member] 597 505 +18.2%
PPL Electric Utilities Corp [Member] 971 819 +18.6%
Fuel Costs 274 234 +17.1%
Show Business Segments breakouts
Kentucky Regulated [Member] 274 234 +17.1%
Total Segments 274 234 +17.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 173 152 +13.8%
Louisville Gas And Electric Co [Member] 101 82 +23.2%
Purchased Power And Gas 703 559 +25.8%
Show Business Segments breakouts
Kentucky Regulated [Member] 126 96 +31.2%
Pennsylvania Regulated [Member] 331 229 +44.5%
Rhode Island Regulated 247 235 +5.1%
Total Segments 704 560 +25.7%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 6 7 -14.3%
Louisville Gas And Electric Co [Member] 119 88 +35.2%
PPL Electric Utilities Corp [Member] 331 229 +44.5%
Utilities Operating Expense Purchased Power From Related Parties (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 9 5 +80.0%
Louisville Gas And Electric Co [Member] 6 5 +20.0%
Utilities Operating Expense Maintenance Operations And Other Costs And Expenses 579 598 -3.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 101 100 +1.0%
Louisville Gas And Electric Co [Member] 83 89 -6.7%
PPL Electric Utilities Corp [Member] 190 162 +17.3%
Depreciation 351 322 +9.0%
Show Business Segments breakouts
Kentucky Regulated [Member] 192 176 +9.1%
Pennsylvania Regulated [Member] 108 102 +5.9%
Rhode Island Regulated 47 42 +11.9%
Total Segments 347 320 +8.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 110 102 +7.8%
Louisville Gas And Electric Co [Member] 83 74 +12.2%
PPL Electric Utilities Corp [Member] 108 102 +5.9%
Utilities Operating Expense Taxes 122 113 +8.0%
Show Business Segments breakouts
Kentucky Regulated [Member] 27 25 +8.0%
Pennsylvania Regulated [Member] 48 41 +17.1%
Rhode Island Regulated 46 47 -2.1%
Total Segments 121 113 +7.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 13 12 +8.3%
Louisville Gas And Electric Co [Member] 14 13 +7.7%
PPL Electric Utilities Corp [Member] 48 41 +17.1%
Utilities Operating Expense 2,029 1,826 +11.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 412 378 +9.0%
Louisville Gas And Electric Co [Member] 406 351 +15.7%
PPL Electric Utilities Corp [Member] 677 534 +26.8%
Operating Income 745 678 +9.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 213 186 +14.5%
Louisville Gas And Electric Co [Member] 191 154 +24.0%
PPL Electric Utilities Corp [Member] 294 285 +3.2%
Other Non-Operating Income (Expense) 39 28 +39.3%
Show Business Segments breakouts
Kentucky Regulated [Member] 11 8 +37.5%
Pennsylvania Regulated [Member] 12 11 +9.1%
Rhode Island Regulated 10 7 +42.9%
Total Segments 33 26 +26.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 7 5 +40.0%
Louisville Gas And Electric Co [Member] 6 3 +100.0%
PPL Electric Utilities Corp [Member] 12 11 +9.1%
Interest Income Other (Q)
Show Business Segments breakouts
Pennsylvania Regulated [Member] · Related Party 1 2 -50.0%
Total Segments · Related Party 1 4 -75.0%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] · Related Party 1 2 -50.0%
Interest Expense 224 190 +17.9%
Show Business Segments breakouts
Kentucky Regulated [Member] 71 60 +18.3%
Pennsylvania Regulated [Member] 67 60 +11.7%
Rhode Island Regulated 33 23 +43.5%
Total Segments 171 143 +19.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 40 35 +14.3%
Louisville Gas And Electric Co [Member] 32 26 +23.1%
PPL Electric Utilities Corp [Member] 67 60 +11.7%
Income Tax Expense (Benefit) 108 102 +5.9%
Show Business Segments breakouts
Corporate -18,000,000 -23,000,000 +21.7%
Kentucky Regulated [Member] 65 53 +22.6%
Pennsylvania Regulated [Member] 56 54 +3.7%
Rhode Island Regulated 5 18 -72.2%
Total Segments 126 125 +0.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 36 31 +16.1%
Louisville Gas And Electric Co [Member] 33 26 +26.9%
PPL Electric Utilities Corp [Member] 56 54 +3.7%
Income Loss From Continuing Operations 452
Net Income 452 414 +9.2%
Show Business Segments breakouts
Corporate -38 -63 +39.7%
Kentucky Regulated [Member] 270 223 +21.1%
Pennsylvania Regulated [Member] 184 184 0.0%
Rhode Island Regulated 36 70 -48.6%
Total Segments 490 477 +2.7%
Show Equity Components breakouts
Retained Earnings 452 414 +9.2%
Retained Earnings · Kentucky Utilities Co [Member] 144 125 +15.2%
Retained Earnings · Louisville Gas And Electric Co [Member] 132 105 +25.7%
Retained Earnings · PPL Electric Utilities Corp [Member] 184 184 0.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 144 125 +15.2%
Louisville Gas And Electric Co [Member] 132 105 +25.7%
PPL Electric Utilities Corp [Member] 184 184 0.0%
Wtd Avg Shares (Basic) 751,764 738,691 +1.8%
Wtd Avg Shares (Diluted) 757,158 741,400 +2.1%
Income Before Taxes 560 516 +8.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 180 156 +15.4%
Louisville Gas And Electric Co [Member] 165 131 +26.0%
PPL Electric Utilities Corp [Member] 240 238 +0.8%
Income Loss From Continuing Operations Per Basic Share 0.6 0.56 +7.1%
Revenue -2,785 -2,545 -9.4%
Show Business Segments breakouts
Corporate -1
Corporate · Other [Member] -1
Kentucky Regulated [Member] -1,201 -1,062 -13.1%
Kentucky Regulated [Member] · Commercial [Member] -313 -280 -11.8%
Kentucky Regulated [Member] · Industrial [Member] -171 -154 -11.0%
Kentucky Regulated [Member] · Other [Member] -112 -96 -16.7%
Kentucky Regulated [Member] · Residential [Member] -553 -487 -13.6%
Kentucky Regulated [Member] · Wholesale - municipal [Member] -7 -7 0.0%
Kentucky Regulated [Member] · Wholesale - other [Member] -45 -38 -18.4%
Pennsylvania Regulated [Member] -967 -812 -19.1%
Pennsylvania Regulated [Member] · Commercial [Member] -130 -106 -22.6%
Pennsylvania Regulated [Member] · Industrial [Member] -16 -13 -23.1%
Pennsylvania Regulated [Member] · Other [Member] -12 -13 +7.7%
Pennsylvania Regulated [Member] · Residential [Member] -562 -457 -23.0%
Pennsylvania Regulated [Member] · Transmission [Member] -247 -223 -10.8%
Rhode Island Regulated -616 -671 +8.2%
Rhode Island Regulated · Commercial [Member] -189 -197 +4.1%
Rhode Island Regulated · Industrial [Member] -19 -18 -5.6%
Rhode Island Regulated · Other [Member] 9 35 -74.3%
Rhode Island Regulated · Residential [Member] -362 -441 +17.9%
Rhode Island Regulated · Transmission [Member] -55 -50 -10.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -624 -566 -10.2%
Kentucky Utilities Co [Member] · Commercial [Member] -148 -133 -11.3%
Kentucky Utilities Co [Member] · Industrial [Member] -121 -108 -12.0%
Kentucky Utilities Co [Member] · Other [Member] -43 -42 -2.4%
Kentucky Utilities Co [Member] · Residential [Member] -277 -248 -11.7%
Kentucky Utilities Co [Member] · Wholesale - municipal [Member] -7 -7 0.0%
Kentucky Utilities Co [Member] · Wholesale - other [Member] -28 -28 0.0%
Louisville Gas And Electric Co [Member] -592 -506 -17.0%
Louisville Gas And Electric Co [Member] · Commercial [Member] -165 -147 -12.2%
Louisville Gas And Electric Co [Member] · Industrial [Member] -50 -46 -8.7%
Louisville Gas And Electric Co [Member] · Other [Member] -69 -54 -27.8%
Louisville Gas And Electric Co [Member] · Residential [Member] -276 -239 -15.5%
Louisville Gas And Electric Co [Member] · Wholesale - other [Member] -32 -20 -60.0%
PPL Electric Utilities Corp [Member] -967 -812 -19.1%
PPL Electric Utilities Corp [Member] · Commercial [Member] -130 -106 -22.6%
PPL Electric Utilities Corp [Member] · Industrial [Member] -16 -13 -23.1%
PPL Electric Utilities Corp [Member] · Other [Member] -12 -13 +7.7%
PPL Electric Utilities Corp [Member] · Residential [Member] -562 -457 -23.0%
PPL Electric Utilities Corp [Member] · Transmission [Member] -247 -223 -10.8%
Show Major Customers breakouts
Commercial [Member] -632 -583 -8.4%
Industrial [Member] -206 -185 -11.4%
Other [Member] -116 -74 -56.8%
Residential [Member] -1,477 -1,385 -6.6%
Transmission [Member] -302 -273 -10.6%
Wholesale - municipal [Member] -7 -7 0.0%
Wholesale - other [Member] -45 -38 -18.4%
Comprehensive Income 454 414 +9.7%
EPS (Basic) 0.6 0.56 +7.1%
Net Income Loss Available To Common Stockholders Basic 451 413 +9.2%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 1,241 312,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 14 14,000,000 -100.0%
Louisville Gas And Electric Co [Member] 49 10,000,000 -100.0%
PPL Electric Utilities Corp [Member] 19 27,000,000 -100.0%
Accounts Receivable 1,331 1,208,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 190 180,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Nonrelated Party 162 141,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Related Party 27 28,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Nonrelated Party 601 457,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Related Party 8 11,000,000 -100.0%
Nontrade Receivables Current 92 93,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 26 28,000,000 -100.0%
Louisville Gas And Electric Co [Member] 36 31,000,000 -100.0%
PPL Electric Utilities Corp [Member] 26 21,000,000 -100.0%
Unbilled Contracts Receivable 413 377,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 100 84,000,000 -100.0%
Louisville Gas And Electric Co [Member] 82 68,000,000 -100.0%
PPL Electric Utilities Corp [Member] 134 116,000,000 -100.0%
Notes Receivable Net (Q)
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 4
PPL Electric Utilities Corp [Member] · Related Party 4 0
Inventory 536 476,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 175 166,000,000 -100.0%
Louisville Gas And Electric Co [Member] 138 134,000,000 -100.0%
PPL Electric Utilities Corp [Member] 173 110,000,000 -100.0%
Prepaid Expense Current 190 223,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 12 10,000,000 -100.0%
Louisville Gas And Electric Co [Member] 13 9,000,000 -100.0%
PPL Electric Utilities Corp [Member] 117 164,000,000 -100.0%
Regulatory Assets Current 375 274,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 8 0
Kentucky Utilities Co [Member] · Deferred Fuel Costs 7
Kentucky Utilities Co [Member] · Other Regulatory Assets Liabilities 1 0
Louisville Gas And Electric Co [Member] 61 31,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Asset Recoverable Gas Costs 46 23,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Deferred Fuel Costs 7
Louisville Gas And Electric Co [Member] · Other Regulatory Assets Liabilities 8 3,000,000 -100.0%
PPL Electric Utilities Corp [Member] 103 94,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Other Regulatory Assets Liabilities 14 8,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Storm Damage costs[Member] 50 46,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Tax Cuts and Jobs Act (over/under) 39 28,000,000 -100.0%
Show Regulatory Asset breakouts
Asset Recoverable Gas Costs 46 23,000,000 -100.0%
Deferred Fuel Costs 14
Other Regulatory Assets Liabilities 38 15,000,000 -100.0%
Rate adjustment mechanism 95 74,000,000 -100.0%
Renewable Energy Program 27 16,000,000 -100.0%
Storm Damage costs[Member] 50 46,000,000 -100.0%
Tax Cuts and Jobs Act (over/under) 39 28,000,000 -100.0%
Transmission Service Charge [Member] 66 35,000,000 -100.0%
Other Assets Current 143 133,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 23 16,000,000 -100.0%
Louisville Gas And Electric Co [Member] 9 11,000,000 -100.0%
PPL Electric Utilities Corp [Member] 59 43,000,000 -100.0%
Total Current Assets 4,321 3,096,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 548 498,000,000 -100.0%
Louisville Gas And Electric Co [Member] 577 468,000,000 -100.0%
PPL Electric Utilities Corp [Member] 1,244 1,043,000,000 -100.0%
Non-Current Assets
Property, Plant & Equipment 36,737 33,642,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 9,060 8,412,000,000 -100.0%
Louisville Gas And Electric Co [Member] 7,224 6,606,000,000 -100.0%
PPL Electric Utilities Corp [Member] 14,846 13,552,000,000 -100.0%
Regulatory Assets Noncurrent 2,100 2,049,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 470 460,000,000 -100.0%
Kentucky Utilities Co [Member] · Advance metering Infrastructure 38 16,000,000 -100.0%
Kentucky Utilities Co [Member] · Asset Retirement Obligation Costs 187 202,000,000 -100.0%
Kentucky Utilities Co [Member] · Gas line Inspections 2 2,000,000 -100.0%
Kentucky Utilities Co [Member] · IT system costs 13
Kentucky Utilities Co [Member] · Loss On Reacquired Debt 6 6,000,000 -100.0%
Kentucky Utilities Co [Member] · Other Regulatory Assets Liabilities 9 8,000,000 -100.0%
Kentucky Utilities Co [Member] · Pension And Other Postretirement Plans Costs 143 147,000,000 -100.0%
Kentucky Utilities Co [Member] · Plant outage costs [Member] 17 22,000,000 -100.0%
Kentucky Utilities Co [Member] · Storm Costs 36 36,000,000 -100.0%
Kentucky Utilities Co [Member] · Terminated Interest Rate Swaps [Member] 19 21,000,000 -100.0%
Louisville Gas And Electric Co [Member] 486 491,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Advance metering Infrastructure 28 15,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Asset Retirement Obligation Costs 72 76,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Gas line Inspections 22 22,000,000 -100.0%
Louisville Gas And Electric Co [Member] · IT system costs 13
Louisville Gas And Electric Co [Member] · Loss On Reacquired Debt 8 9,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Other Regulatory Assets Liabilities 6 4,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Pension And Other Postretirement Plans Costs 209 223,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Plant outage costs [Member] 4 7,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Retired asset recovery 74 83,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Storm Costs 23 22,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Terminated Interest Rate Swaps [Member] 27 30,000,000 -100.0%
PPL Electric Utilities Corp [Member] 736 685,000,000 -100.0%
PPL Electric Utilities Corp [Member] · IT system costs 23
PPL Electric Utilities Corp [Member] · Loss On Reacquired Debt 2 3,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Other Regulatory Assets Liabilities 3 4,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Pension And Other Postretirement Plans Costs 474 472,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Removal Costs 195 165,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Storm Costs 39 41,000,000 -100.0%
Show Regulatory Asset breakouts
Advance metering Infrastructure 66 31,000,000 -100.0%
Asset Retirement Obligation Costs 259 278,000,000 -100.0%
Environmental Restoration Costs 100 96,000,000 -100.0%
Gas line Inspections 24 24,000,000 -100.0%
IT system costs 49
Loss On Reacquired Debt 18 20,000,000 -100.0%
Net metering 151 147,000,000 -100.0%
Other Regulatory Assets Liabilities 34 47,000,000 -100.0%
Pension And Other Postretirement Plans Costs 952 962,000,000 -100.0%
Plant outage costs [Member] 21 29,000,000 -100.0%
Removal Costs 195 165,000,000 -100.0%
Retired asset recovery 74 83,000,000 -100.0%
Storm Costs 111 116,000,000 -100.0%
Terminated Interest Rate Swaps [Member] 46 51,000,000 -100.0%
Goodwill 2,247 2,247,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 607 607,000,000 -100.0%
Louisville Gas And Electric Co [Member] 389 389,000,000 -100.0%
Intangible Assets Net Excluding Goodwill 326 312,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 33 27,000,000 -100.0%
Louisville Gas And Electric Co [Member] 10 11,000,000 -100.0%
PPL Electric Utilities Corp [Member] 283 274,000,000 -100.0%
Other Non-Current Assets 573 463,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 189 157,000,000 -100.0%
Louisville Gas And Electric Co [Member] 118 116,000,000 -100.0%
PPL Electric Utilities Corp [Member] 107 100,000,000 -100.0%
Assets Noncurrent 5,246 5,071,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 1,299 1,251,000,000 -100.0%
Louisville Gas And Electric Co [Member] 1,003 1,007,000,000 -100.0%
PPL Electric Utilities Corp [Member] 1,126 1,059,000,000 -100.0%
Total Assets 46,304 41,809,000,000 -100.0%
Show Business Segments breakouts
Corporate 2,221 1,172,000,000 -100.0%
Kentucky Regulated [Member] 19,231 17,789,000,000 -100.0%
Pennsylvania Regulated [Member] 17,216 15,654,000,000 -100.0%
Rhode Island Regulated 7,636 7,194,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 10,907 10,161,000,000 -100.0%
Louisville Gas And Electric Co [Member] 8,804 8,081,000,000 -100.0%
PPL Electric Utilities Corp [Member] 17,216 15,654,000,000 -100.0%
Other Assets
Public Utilities Property Plant And Equipment Plant In Service 43,480 40,648,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 11,048 10,454,000,000 -100.0%
Louisville Gas And Electric Co [Member] 8,338 7,787,000,000 -100.0%
PPL Electric Utilities Corp [Member] 17,666 16,503,000,000 -100.0%
Public Utilities Property Plant And Equipment Accumulated Depreciation 10,493 9,751,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 3,019 2,721,000,000 -100.0%
Louisville Gas And Electric Co [Member] 1,905 1,696,000,000 -100.0%
PPL Electric Utilities Corp [Member] 4,160 3,983,000,000 -100.0%
Public Utilities Property Plant And Equipment Net 32,987 30,897,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 8,029 7,733,000,000 -100.0%
Louisville Gas And Electric Co [Member] 6,433 6,091,000,000 -100.0%
PPL Electric Utilities Corp [Member] 13,506 12,520,000,000 -100.0%
Property Plant And Equipment Other 91 80,000,000 -100.0%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment 29 30,000,000 -100.0%
Property Plant And Equipment Net Nonregulated 62 50,000,000 -100.0%
Current Liabilities
Short Term Borrowings 220 778,000,000 -100.0%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 220 55,000,000 -100.0%
Current Portion of Long-Term Debt 994 569,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 146 268,000,000 -100.0%
Louisville Gas And Electric Co [Member] 90 300,000,000 -100.0%
PPL Electric Utilities Corp [Member] 108
Notes Payable (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 38 8,000,000 -100.0%
Accounts Payable 1,403 1,097,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] · Nonrelated Party 141 89,000,000 -100.0%
Kentucky Utilities Co [Member] · Related Party 138 129,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Nonrelated Party 218 193,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Related Party 102 90,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Nonrelated Party 611 477,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Related Party 113 133,000,000 -100.0%
Taxes Payable Current 142 143,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 18 19,000,000 -100.0%
Louisville Gas And Electric Co [Member] 18 17,000,000 -100.0%
PPL Electric Utilities Corp [Member] 11
Price Risk Management Liabilities Current (Q)
Show Legal Entity breakouts
Louisville Gas And Electric Co [Member] 1
Interest Payable Current 244 224,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 57 56,000,000 -100.0%
Louisville Gas And Electric Co [Member] 44 44,000,000 -100.0%
PPL Electric Utilities Corp [Member] 78 74,000,000 -100.0%
Dividends Payable Current 210 197,000,000 -100.0%
Current Customer Deposits (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 42 39,000,000 -100.0%
Louisville Gas And Electric Co [Member] 36 36,000,000 -100.0%
Regulatory Liability Current 389 274,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 17 26,000,000 -100.0%
Kentucky Utilities Co [Member] · Demand Side Management [Member] 13 14,000,000 -100.0%
Kentucky Utilities Co [Member] · Other Regulatory Assets Liabilities 4 7,000,000 -100.0%
Louisville Gas And Electric Co [Member] 13 16,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Demand Side Management [Member] 8 10,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Other Regulatory Assets Liabilities 5 2,000,000 -100.0%
PPL Electric Utilities Corp [Member] 111 54,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Generation Supply Charge [Member] 38 45,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Other Regulatory Assets Liabilities 9 9,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Transmission Formula Rate [Member] 25
PPL Electric Utilities Corp [Member] · Transmission Service Charge [Member] 36
PPL Electric Utilities Corp [Member] · Universal Service Rider [Member] 3
Show Regulatory Liability breakouts
Demand Side Management [Member] 21 24,000,000 -100.0%
Energy efficiency charge 26 24,000,000 -100.0%
Generation Supply Charge [Member] 38 45,000,000 -100.0%
Other Regulatory Assets Liabilities 18 29,000,000 -100.0%
Rate adjustment mechanism 121 63,000,000 -100.0%
Revenue decoupling mechanism 50 40,000,000 -100.0%
Transmission Formula Rate [Member] 76
Transmission Service Charge [Member] 36
Universal Service Rider [Member] 3
Customer Advances For Construction Current (Q)
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 109
Asset Retirement Obligation Current (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 8 14,000,000 -100.0%
Louisville Gas And Electric Co [Member] 3 10,000,000 -100.0%
Other Liabilities Current 705 545,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 72 61,000,000 -100.0%
Louisville Gas And Electric Co [Member] 53 41,000,000 -100.0%
PPL Electric Utilities Corp [Member] 73 77,000,000 -100.0%
Total Current Liabilities 4,307 3,827,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 677 917,000,000 -100.0%
Louisville Gas And Electric Co [Member] 578 836,000,000 -100.0%
PPL Electric Utilities Corp [Member] 1,434 870,000,000 -100.0%
Commercial Paper (Q)
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] · Commercial Paper 220 55,000,000 -100.0%
Show By Company [Axis] breakouts
PPL Electric [Member] · Commercial Paper 220 55,000,000 -100.0%
Show Short Term Debt Type breakouts
Commercial Paper 220 780,000,000 -100.0%
Non-Current Liabilities
Long-Term Debt 19,024 15,938,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 3,346 2,798,000,000 -100.0%
Louisville Gas And Electric Co [Member] 2,775 2,171,000,000 -100.0%
PPL Electric Utilities Corp [Member] 5,600 5,214,000,000 -100.0%
Deferred Tax Liabilities 3,623 3,421,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 965 934,000,000 -100.0%
Louisville Gas And Electric Co [Member] 827 809,000,000 -100.0%
PPL Electric Utilities Corp [Member] 1,829 1,756,000,000 -100.0%
Deferred Investment Tax Credit 108 111,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 79 81,000,000 -100.0%
Louisville Gas And Electric Co [Member] 29 29,000,000 -100.0%
Defined Benefit Pension Plan Liabilities Noncurrent 272 298,000,000 -100.0%
Asset Retirement Obligations Noncurrent 112 130,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 45 47,000,000 -100.0%
Louisville Gas And Electric Co [Member] 59 74,000,000 -100.0%
Regulatory Liability Noncurrent 3,283 3,338,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 988 1,007,000,000 -100.0%
Kentucky Utilities Co [Member] · Advanced metering infrastructure 20
Kentucky Utilities Co [Member] · Net deferred taxes [Member] 459 491,000,000 -100.0%
Kentucky Utilities Co [Member] · Pension And Other Postretirement Plans Costs 69 66,000,000 -100.0%
Kentucky Utilities Co [Member] · Removal Costs 415 409,000,000 -100.0%
Kentucky Utilities Co [Member] · Terminated Interest Rate Swaps [Member] 25 27,000,000 -100.0%
Louisville Gas And Electric Co [Member] 806 814,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Advanced metering infrastructure 10
Louisville Gas And Electric Co [Member] · Net deferred taxes [Member] 409 434,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Other Regulatory Assets Liabilities 1 11,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Pension And Other Postretirement Plans Costs 23 24,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Removal Costs 338 318,000,000 -100.0%
Louisville Gas And Electric Co [Member] · Terminated Interest Rate Swaps [Member] 25 27,000,000 -100.0%
PPL Electric Utilities Corp [Member] 816 835,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Net deferred taxes [Member] 697 729,000,000 -100.0%
PPL Electric Utilities Corp [Member] · Pension And Other Postretirement Plans Costs 119 106,000,000 -100.0%
Show Regulatory Liability breakouts
Advanced metering infrastructure 30
Net deferred taxes [Member] 1,769 1,875,000,000 -100.0%
Other Regulatory Assets Liabilities 53 58,000,000 -100.0%
Pension And Other Postretirement Plans Costs 334 296,000,000 -100.0%
Removal Costs 1,047 1,027,000,000 -100.0%
Terminated Interest Rate Swaps [Member] 50 54,000,000 -100.0%
Price Risk Management Liabilities (Q)
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Louisville Gas And Electric Co [Member] 4
Other Non-Current Liabilities 556 449,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 40 36,000,000 -100.0%
Louisville Gas And Electric Co [Member] 89 66,000,000 -100.0%
PPL Electric Utilities Corp [Member] 117 153,000,000 -100.0%
Liabilities Other Than Longterm Debt Noncurrent 7,954 7,747,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 2,117 2,105,000,000 -100.0%
Louisville Gas And Electric Co [Member] 1,814 1,796,000,000 -100.0%
PPL Electric Utilities Corp [Member] 2,762 2,744,000,000 -100.0%
Stockholders' Equity
Common Stock 8 8,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 308 308,000,000 -100.0%
Louisville Gas And Electric Co [Member] 424 424,000,000 -100.0%
PPL Electric Utilities Corp [Member] 364 364,000,000 -100.0%
Additional Paid In Capital Common Stock 12,316 12,330,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 3,287 3,019,000,000 -100.0%
Louisville Gas And Electric Co [Member] 2,150 1,927,000,000 -100.0%
PPL Electric Utilities Corp [Member] 5,038 4,668,000,000 -100.0%
Treasury Stock Common Value -548 -904,000,000 +100.0%
Retained Earnings 3,443 3,047,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 1,172 1,014,000,000 -100.0%
Louisville Gas And Electric Co [Member] 1,063 927,000,000 -100.0%
PPL Electric Utilities Corp [Member] 2,018 1,794,000,000 -100.0%
Accumulated Other Comprehensive Income -200 -184 -8.7%
Show Accumulated Other Comprehensive Income Components [Axis] breakouts
Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit -2 -3 +33.3%
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss -215 -195 -10.3%
Accumulated Gain Loss Net Cash Flow Hedge Parent 13 10 +30.0%
Equity Investees' OCI 4 4 0.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 15,019 14,297 +5.1%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -200 -184 -8.7%
Additional Paid In Capital 12,316 12,330 -0.1%
Additional Paid In Capital · Kentucky Utilities Co [Member] 3,287 3,019 +8.9%
Additional Paid In Capital · Louisville Gas And Electric Co [Member] 2,150 1,927 +11.6%
Additional Paid In Capital · PPL Electric Utilities Corp [Member] 5,038 4,668 +7.9%
Common Stock 8 8 0.0%
Common Stock · Kentucky Utilities Co [Member] 308 308 0.0%
Common Stock · Louisville Gas And Electric Co [Member] 424 424 0.0%
Common Stock · PPL Electric Utilities Corp [Member] 364 364 0.0%
Retained Earnings 3,443 3,047 +13.0%
Retained Earnings · Kentucky Utilities Co [Member] 1,172 1,014 +15.6%
Retained Earnings · Louisville Gas And Electric Co [Member] 1,063 927 +14.7%
Retained Earnings · PPL Electric Utilities Corp [Member] 2,018 1,794 +12.5%
Treasury Stock Common -548 -904 +39.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 4,767 4,341 +9.8%
Louisville Gas And Electric Co [Member] 3,637 3,278 +11.0%
PPL Electric Utilities Corp [Member] 7,420 6,826 +8.7%
Total Liabilities & Equity 46,304 41,809,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 10,907 10,161,000,000 -100.0%
Louisville Gas And Electric Co [Member] 8,804 8,081,000,000 -100.0%
PPL Electric Utilities Corp [Member] 17,216 15,654,000,000 -100.0%
Construction In Progress Gross 3,688 2,695,000,000 -100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 1,031 679,000,000 -100.0%
Louisville Gas And Electric Co [Member] 791 515,000,000 -100.0%
PPL Electric Utilities Corp [Member] 1,340 1,032,000,000 -100.0%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Adjustment For Amortization 38 20 +90.0%
Show Business Segments breakouts
Corporate 7 4 +75.0%
Kentucky Regulated [Member] 14 5 +180.0%
Pennsylvania Regulated [Member] 17 11 +54.5%
Total Segments 31 16 +93.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 8 4 +100.0%
Louisville Gas And Electric Co [Member] 7 4 +75.0%
PPL Electric Utilities Corp [Member] 17 11 +54.5%
Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash -2 -16 +87.5%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] -3 -7 +57.1%
Deferred Income Taxes And Tax Credits 94 38 +147.4%
Show Business Segments breakouts
Corporate 29 17 +70.6%
Kentucky Regulated [Member] 6 8 -25.0%
Pennsylvania Regulated [Member] 37 20 +85.0%
Rhode Island Regulated 22 -7 +414.3%
Total Segments 65 21 +209.5%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 37 20 +85.0%
Stock-Based Compensation 23 19 +21.1%
Other Non-Cash Items -22 10 -320.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -12 4 -400.0%
Louisville Gas And Electric Co [Member] -9 3 -400.0%
PPL Electric Utilities Corp [Member] 1 2 -50.0%
Increase Decrease In Receivables -221 -277 +20.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -24 -29 +17.2%
Louisville Gas And Electric Co [Member] -17 -11 -54.5%
PPL Electric Utilities Corp [Member] -171 -132 -29.5%
Increase Decrease In Accounts Receivable Related Parties (Q)
Show Legal Entity breakouts
Louisville Gas And Electric Co [Member] 19 12 +58.3%
Increase Decrease In Accounts Payable Trade -56 -120 +53.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 31 -3 +1133.3%
Louisville Gas And Electric Co [Member] -14 23 -160.9%
PPL Electric Utilities Corp [Member] -65 -7 -828.6%
Increase Decrease In Accounts Payable Related Parties (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 32 29 +10.3%
Louisville Gas And Electric Co [Member] 29 26 +11.5%
Net Change Unbilled Revenues 145 108 +34.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 6 18 -66.7%
Louisville Gas And Electric Co [Member] 15 19 -21.1%
PPL Electric Utilities Corp [Member] 75 43 +74.4%
Change in Inventory 19 37 -48.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 9 7 +28.6%
Louisville Gas And Electric Co [Member] 22 23 -4.3%
PPL Electric Utilities Corp [Member] -21 -8 -162.5%
Increase Decrease In Prepaid Expense -84 -87 +3.4%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] -79 -90 +12.2%
Increase Decrease In Accrued Taxes Payable -48 40 -220.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -45 -18 -150.0%
Louisville Gas And Electric Co [Member] -42 -23 -82.6%
PPL Electric Utilities Corp [Member] -36 -2 -1700.0%
Increase Decrease In Regulatory Assets And Liabilities -54 79 -168.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -6 5 -220.0%
Louisville Gas And Electric Co [Member] -42 -21 -100.0%
PPL Electric Utilities Corp [Member] 17 36 -52.8%
Increase Decrease In Interest Payable Net 49 67 -26.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 19 32 -40.6%
Louisville Gas And Electric Co [Member] 10 23 -56.5%
PPL Electric Utilities Corp [Member] 12 19 -36.8%
Increase Decrease In Other Operating Capital Net -31 -80 +61.3%
Show Legal Entity breakouts
Louisville Gas And Electric Co [Member] -10 -19 +47.4%
PPL Electric Utilities Corp [Member] 13 -13 +200.0%
Pension And Other Postretirement Benefit Contributions -5 -5 0.0%
Asset Retirement Obligation Cash Paid To Settle (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -5 -2 -150.0%
Louisville Gas And Electric Co [Member] -3 -2 -50.0%
Increase Decrease In Other Noncurrent Assets -63 -50 -26.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -13 -9 -44.4%
Louisville Gas And Electric Co [Member] -11 -32 +65.6%
PPL Electric Utilities Corp [Member] -21 -18 -16.7%
Change in Other Liabilities -4 10 -140.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -8 -5 -60.0%
Louisville Gas And Electric Co [Member] 9 -3 +400.0%
PPL Electric Utilities Corp [Member] -2 1 -300.0%
Net Cash from Operations 557 513 +8.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 239 253 -5.5%
Louisville Gas And Electric Co [Member] 173 199 -13.1%
PPL Electric Utilities Corp [Member] 57 134 -57.5%
Investing Activities
Capital Expenditures -1,058 -793 -33.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -240 -174 -37.9%
Louisville Gas And Electric Co [Member] -224 -117 -91.5%
PPL Electric Utilities Corp [Member] -334 -328 -1.8%
Payments To Acquire Intangible Assets (Q)
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] -3 -1 -200.0%
Proceeds From Payments For Long Term Loans For Related Parties (Q)
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Louisville Gas And Electric Co [Member] 36 -5 +820.0%
PPL Electric Utilities Corp [Member] 139 222 -37.4%
Other Investing Activities 12 10 +20.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 4
PPL Electric Utilities Corp [Member] 13 10 +30.0%
Net Cash from Investing -1,046 -783 -33.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -236 -174 -35.6%
Louisville Gas And Electric Co [Member] -188 -122 -54.1%
PPL Electric Utilities Corp [Member] -185 -97 -90.7%
Financing Activities
Proceeds From Issuance Of Long Term Debt 1,150
Repayments Of Long Term Debt -18
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -18
Increase Decrease In Notes Payable To Affiliates (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 2 -65 +103.1%
Payments Of Dividends Common Stock -202 -190 -6.3%
Cash Dividends Paid To Parent Company (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -56 -46 -21.7%
Louisville Gas And Electric Co [Member] -43 -43 0.0%
PPL Electric Utilities Corp [Member] -102 -88 -15.9%
Proceeds From Repayments Of Short Term Debt (Q)
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 220 55 +300.0%
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less -236 475 -149.7%
Proceeds From Contributions From Parent (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 70
Repayment Of Capital To Parent (Q)
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Louisville Gas And Electric Co [Member] -58 -55 -5.5%
Proceeds From Payments For Other Financing Activities -13 -9 -44.4%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] -1 -1 0.0%
Debt Issuance Costs -27 -5 -440.0%
Net Cash from Financing 654 271 +141.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -2 -81 +97.5%
Louisville Gas And Electric Co [Member] -101 -78 -29.5%
PPL Electric Utilities Corp [Member] 117 -34 +444.1%
Supplemental
Unpaid Capital Expenditures 560 397 +41.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 76 74 +2.7%
Louisville Gas And Electric Co [Member] 110 72 +52.8%
PPL Electric Utilities Corp [Member] 310 185 +67.6%
Other Cash Flow
Net Change in Cash 165 1 +16400.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 1 -2 +150.0%
Louisville Gas And Electric Co [Member] -116 -1 -11500.0%
PPL Electric Utilities Corp [Member] -11 3 -466.7%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,251 340 +267.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 18 27 -33.3%
Louisville Gas And Electric Co [Member] 53 23 +130.4%
PPL Electric Utilities Corp [Member] 19 27 -29.6%
Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity -24 -16 -50.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -7 -4 -75.0%
Louisville Gas And Electric Co [Member] -5 -2 -150.0%
PPL Electric Utilities Corp [Member] -9 -7 -28.6%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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