Market Summary
USD25.13-0.12
Market Closed-0.48%
PPL Stock Price
PPL RSI Chart
PPL Valuation
PPL Price/Sales (Trailing)
PPL Profitability
PPL Fundamentals
PPL Revenue
PPL Earnings
Price Action
52 Week Range
23.4731.74
(Low)(High)
Last 7 days
-2.1%
Last 30 days
-0.3%
Last 90 days
-4.7%
Trailing 12 Months
-11.5%
PPL Financial Health
PPL Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for PPL
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-06-01 | Sorgi Vincent | acquired | 367,203 | 26.1 | 14,069 | president and ceo |
2023-06-01 | Sorgi Vincent | sold (taxes) | -160,750 | 26.1 | -6,159 | president and ceo |
2023-05-18 | Gosman Angela K | sold (taxes) | -2,531 | 27.22 | -93.00 | evp and chro |
2023-05-18 | Gosman Angela K | acquired | 8,792 | 27.22 | 323 | evp and chro |
2023-04-05 | Crockett John R III | sold | -154,000 | 28.00 | -5,500 | president of a ppl subsidiary |
2023-02-17 | Bergstein Joseph P Jr | sold (taxes) | -208,613 | 28.81 | -7,241 | evp and cfo |
2023-02-17 | Beers Marlene C | acquired | 135,983 | 28.81 | 4,720 | vice president and controller |
2023-02-17 | Crockett John R III | acquired | 142,523 | 28.81 | 4,947 | president of a ppl subsidiary |
2023-02-17 | Gosman Angela K | sold (taxes) | -25,842 | 28.81 | -897 | evp and chro |
2023-02-17 | Henninger Tadd J | sold (taxes) | -48,516 | 28.81 | -1,684 | svp-finance and treasurer |
Which funds bought or sold PPL recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Jefferies Group LLC | new | - | 365,268 | 365,268 | -% |
2023-09-20 | BARCLAYS PLC | reduced | -23.34 | -34,976,000 | 94,511,000 | 0.06% |
2023-09-20 | Mondrian Investment Partners LTD | sold off | -100 | -57,414 | - | -% |
2023-09-13 | CGC Financial Services, LLC | new | - | 1,826 | 1,826 | -% |
2023-09-12 | Farther Finance Advisors, LLC | added | 3.32 | -717 | 43,580 | 0.01% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | -16.00 | 318 | -% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | -85.00 | 1,613 | -% |
2023-08-24 | Alberta Investment Management Corp | sold off | -100 | -1,673,570 | - | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | -461 | 9,182 | -% |
2023-08-22 | Old North State Trust, LLC | sold off | -100 | -56,000 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of PPL
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 12.50% | 92,068,873 | SC 13G/A | |
| Feb 07, 2023 | state street corp | 6.00% | 44,203,138 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.1% | 59,968,558 | SC 13G/A | |
| Feb 11, 2022 | state street corp | 5.44% | 40,805,150 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 11.82% | 88,748,861 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 8.6% | 64,561,072 | SC 13G/A | |
| Feb 10, 2021 | state street corp | 5.26% | 40,412,469 | SC 13G | |
| Feb 10, 2021 | vanguard group inc | 11.55% | 88,782,805 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 8.7% | 66,558,952 | SC 13G/A | |
| Oct 13, 2020 | vanguard group inc | 10.18% | 78,273,364 | SC 13G/A |
Recent SEC filings of PPL
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 04, 2023 | 8-K | Current Report | |
| Aug 04, 2023 | 10-Q | Quarterly Report | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading |
PPL Fair Value
Loading...
Peers (Alternatives to PPL)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AAPL | 2.7T | 383.9B | -3.49% | 14.63% | 28.86 | 7.12 | -0.93% | -4.89% |
MSFT | 2.4T | 211.9B | -3.06% | 31.92% | 32.56 | 11.12 | 6.88% | -0.52% |
GOOG | 1.7T | 289.5B | -1.47% | 30.51% | 27.19 | 5.72 | 4.10% | -15.36% |
AMZN | 1.3T | 538.0B | -4.72% | 10.07% | 101.87 | 2.47 | 10.73% | 12.62% |
| MID-CAP | ||||||||
JBLU | 1.5B | 9.9B | -28.14% | -36.34% | 55.75 | 0.15 | 24.14% | 106.11% |
NYMT | 795.7M | 246.5M | -4.07% | -6.47% | -5.01 | 3.23 | 6.65% | -174.04% |
| SMALL-CAP | ||||||||
TLRY | 1.6B | 627.1M | -7.75% | -14.29% | -1.08 | 2.51 | -0.20% | -204.67% |
PLAY | 1.5B | 2.2B | -10.06% | 7.70% | 11.01 | 0.71 | 38.20% | -10.10% |
MFA | 1.0B | 543.3M | -3.23% | 5.22% | -715.94 | 1.91 | 31.74% | 78.13% |
NKLA | 961.6M | 56.2M | -5.30% | -69.36% | -1.14 | 17.12 | 40.31% | -12.26% |
BYND | 614.9M | 356.8M | -16.65% | -37.31% | -2.19 | 1.72 | -23.03% | 15.53% |
GPRO | 507.0M | 1.0B | -15.90% | -35.94% | -19.18 | 0.49 | -11.34% | -107.10% |
CGC | 462.3M | 453.3M | 100.98% | -69.12% | -0.38 | 1.02 | -16.04% | 55.90% |
INO | 104.1M | 13.7M | -12.49% | -77.75% | -0.62 | 7.62 | 413.65% | 52.51% |
PPL News
Returns for PPL
Cumulative Returns on PPL
3%
10-Year Cumulative Returns
-0.8%
7-Year Cumulative Returns
0.6%
5-Year Cumulative Returns
1.5%
3-Year Cumulative Returns
Risks for PPL
What is the probability of a big loss on PPL?
40%
Probability that PPL stock will be more than 20% underwater in next one year
19.2%
Probability that PPL stock will be more than 30% underwater in next one year.
18.5%
Probability that PPL stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does PPL drawdown profile look like?
Y-axis is the maximum loss one would have experienced if PPL was unfortunately bought at previous high price.
Drawdowns
Financials for PPL
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.5% | 8,662 | 8,535 | 7,902 | 7,097 | 6,475 | 6,067 | 5,783 | 5,669 | 5,557 | 5,532 | 5,474 | 6,057 | 6,590 | 7,130 | 7,769 | 7,754 | 7,693 | 7,738 | 7,785 | 7,772 | 7,745 |
| EBITDA | -100.0% | - | 2,725 | 2,609 | 2,516 | 2,570 | 2,564 | 2,521 | 3,597 | 3,657 | 2,922 | 2,972 | 2,137 | 2,546 | 2,735 | 3,149 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.32* | 0.33* | 0.35* | 0.40* | 0.42* | 0.44* | 0.58* | 0.60* | 0.66* | 0.54* | 0.33* | 0.36* | 0.38* | 0.41* | - | - | - | - | - | - |
| Interest Expenses | 8.2% | 617 | 570 | 513 | 469 | 516 | 872 | 918 | 965 | 943 | 633 | 634 | 354 | 452 | 534 | 621 | 991 | 976 | 965 | 963 | 950 | 936 |
| Earnings Before Taxes | -0.6% | 926 | 932 | 915 | 903 | 948 | 606 | 521 | 545 | 567 | 951 | 954 | -51.00 | 260 | 592 | 919 | 2,221 | 2,176 | 2,308 | 2,285 | 2,315 | 2,238 |
| EBT Margin | -100.0% | - | 0.11* | 0.12* | 0.13* | 0.15* | 0.10* | 0.09* | 0.25* | 0.29* | 0.49* | 0.36* | 0.22* | 0.24* | 0.26* | 0.28* | - | - | - | - | - | - |
| Net Income | -0.9% | 761 | 768 | 756 | 700 | 733 | 633 | -1,480 | -1,324 | -1,250 | -925 | 1,469 | 1,543 | 1,737 | 1,834 | 1,746 | 1,797 | 1,767 | 1,841 | 1,827 | 1,490 | 1,400 |
| Net Income Margin | -100.0% | - | 0.09* | 0.10* | 0.10* | 0.11* | 0.10* | -0.26* | -0.21* | -0.20* | -0.21* | 0.27* | 0.24* | 0.25* | 0.26* | 0.22* | - | - | - | - | - | - |
| Free Cashflow | 100.0% | - | -569 | -425 | -225 | -285 | 180 | 297 | 116 | 326 | -387 | -503 | 210 | -529 | -325 | -656 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0.0% | 38,296 | 38,302 | 37,837 | 37,378 | 37,062 | 34,107 | 33,223 | 34,171 | 36,759 | 47,781 | 48,116 | 47,924 | 46,520 | 46,328 | 45,680 | 44,559 | 44,204 | 44,567 | 43,396 | 43,042 | 42,830 |
| Current Assets | -10.3% | 2,725 | 3,038 | 2,824 | 2,720 | 2,301 | 5,713 | 5,007 | 6,137 | 9,018 | 20,327 | 20,900 | 2,695 | 3,268 | 2,956 | 2,767 | 2,534 | 2,231 | 2,429 | 2,432 | 2,545 | 2,600 |
| Cash Equivalents | -29.1% | 326 | 460 | 356 | 303 | 337 | 4,250 | 3,572 | 4,768 | 7,630 | 422 | 443 | 504 | 1,145 | 737 | 660 | 690 | 428 | 540 | 621 | 864 | 875 |
| Inventory | 9.2% | 474 | 434 | 443 | 422 | 332 | 280 | 322 | 304 | 265 | 260 | 302 | 351 | 333 | 320 | 332 | 295 | 286 | 274 | 303 | 295 | 288 |
| Net PPE | 1.0% | 30,762 | 30,457 | 30,238 | 29,894 | 29,910 | 25,645 | 25,470 | 25,206 | 24,945 | 24,697 | 24,500 | 38,320 | 36,785 | 36,835 | 36,482 | 35,108 | 35,130 | 35,307 | 34,458 | 34,018 | 33,823 |
| Goodwill | 0.0% | 2,247 | 2,248 | 2,248 | 2,241 | 2,297 | 716 | 716 | 716 | 716 | 716 | 716 | 3,283 | 3,086 | 3,178 | 3,198 | 3,050 | 3,139 | 3,260 | 3,162 | 3,242 | 3,308 |
| Current Liabilities | 1.0% | 2,505 | 2,480 | 3,789 | 3,315 | 3,726 | 3,033 | 2,323 | 2,343 | 4,172 | 15,623 | 15,055 | 5,442 | 5,168 | 5,322 | 4,900 | 3,840 | 4,063 | 4,061 | 4,563 | 4,383 | 4,448 |
| Short Term Borrowings | - | 243 | - | 985 | 510 | 988 | 985 | 69.00 | - | - | 1,547 | 1,168 | 1,368 | 828 | 1,696 | 1,151 | 1,387 | 1,636 | 1,428 | 1,430 | 1,549 | 1,864 |
| LT Debt, Current | -12.5% | 91.00 | 104 | 354 | 264 | 501 | 474 | 474 | 474 | 2,200 | 976 | 1,074 | 1,525 | 2,058 | 1,170 | 1,172 | - | 136 | 202 | 530 | 330 | 203 |
| LT Debt, Non Current | 0% | 14,481 | 14,481 | 12,889 | 12,977 | 12,153 | 10,668 | 10,666 | 10,665 | 11,095 | 13,715 | 13,615 | 21,243 | 21,098 | 20,670 | 20,721 | 21,547 | 20,965 | 21,114 | 20,069 | 19,924 | 20,217 |
| Shareholder's Equity | -0.5% | 13,959 | 14,036 | 13,915 | 13,881 | 13,873 | 13,865 | 13,723 | 14,576 | 14,952 | 11,554 | 13,373 | 13,686 | 13,044 | 13,241 | 12,991 | 11,902 | 11,983 | 12,172 | 11,657 | 11,783 | 11,240 |
| Retained Earnings | -2.4% | 2,721 | 2,788 | 2,681 | 2,658 | 2,649 | 2,697 | 2,572 | 2,743 | 2,854 | 3,155 | 5,315 | 5,345 | 5,383 | 5,360 | 5,127 | 5,080 | 4,903 | 4,761 | 4,593 | 4,423 | 4,266 |
| Additional Paid-In Capital | 0.0% | 12,316 | 12,310 | 12,317 | 12,317 | 12,313 | 12,299 | 12,303 | 12,290 | 12,281 | 12,273 | 12,270 | 12,260 | 12,255 | 12,239 | 12,214 | 11,087 | 11,069 | 11,051 | 11,021 | 11,001 | 10,462 |
| Accumulated Depreciation | 0% | 22.00 | 22.00 | 46.00 | 45.00 | 60.00 | 41.00 | 41.00 | 41.00 | 40.00 | 38.00 | 37.00 | 98.00 | 88.00 | 87.00 | 109 | 105 | 104 | 104 | 101 | 111 | 108 |
| Shares Outstanding | 0.0% | 737 | 737 | 736 | 736 | 736 | 736 | 735 | 768 | 769 | 769 | 769 | 769 | 769 | 768 | 767 | 722 | 722 | 721 | 720 | 704 | 699 |
| Minority Interest | -100.0% | - | 3.00 | 3.00 | 3.00 | 3.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -3.9% | 1,593 | 1,658 | 1,730 | 1,803 | 1,728 | 2,109 | 2,270 | 2,477 | 2,968 | 2,717 | 2,746 | 2,786 | 2,656 | 2,645 | 2,427 | 2,499 | 2,566 | 2,729 | 2,821 | 2,917 | 2,996 |
| Share Based Compensation | - | - | - | - | - | 36.00 | 44.00 | - | - | 34.00 | 29.00 | 29.00 | 29.00 | 29.00 | 28.00 | 36.00 | 29.00 | 29.00 | 25.00 | 26.00 | 29.00 | 32.00 |
| Cashflow From Investing | 63.9% | -2,067 | -5,730 | -5,654 | -5,700 | -5,702 | 8,265 | 7,957 | 7,571 | 7,291 | -3,160 | -3,258 | -3,244 | -3,174 | -3,191 | -3,080 | -3,089 | -3,191 | -3,330 | -3,361 | -3,459 | -3,425 |
| Cashflow From Financing | 64.0% | 464 | 283 | 709 | -567 | -3,319 | -6,716 | -7,390 | -6,063 | -3,961 | 75.00 | 386 | 506 | 1,383 | 934 | 836 | 435 | 193 | 501 | 690 | 704 | 808 |
| Dividend Payments | 4.6% | 682 | 652 | 787 | 938 | 1,092 | 1,265 | 1,279 | 1,280 | 1,279 | 1,278 | 1,275 | 1,255 | 1,234 | 1,213 | 1,192 | 1,180 | 1,169 | 1,156 | 1,133 | 1,118 | 1,101 |
| Buy Backs | - | - | - | - | 2,884 | - | - | 1,003 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
PPL Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Millions | 3 Months Ended | 6 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |||||||
| Operating Revenues | ||||||||||
| Operating Revenues | $ 1,823 | $ 1,696 | $ 4,238 | $ 3,478 | ||||||
| Operation | ||||||||||
| Fuel | 167 | 229 | 368 | 441 | ||||||
| Energy purchases | 340 | 305 | 1,074 | 657 | ||||||
| Other operation and maintenance | 609 | 560 | 1,168 | 993 | ||||||
| Depreciation | 313 | 289 | 626 | 560 | ||||||
| Taxes, other than income | 89 | 70 | 199 | 130 | ||||||
| Total Operating Expenses | 1,518 | 1,453 | 3,435 | 2,781 | ||||||
| Operating Income | 305 | 243 | 803 | 697 | ||||||
| Other Income (Expense) - net | 5 | 26 | 35 | 26 | ||||||
| Interest Expense | 165 | 118 | 329 | 225 | ||||||
| Income Taxes | 33 | 32 | 112 | 106 | ||||||
| Net Income (Loss) | $ 112 | $ 119 | $ 397 | $ 392 | ||||||
| Net Income: | ||||||||||
| Diluted (in dollars per share) | $ 0.15 | $ 0.16 | $ 0.54 | $ 0.53 | ||||||
| Weighted-Average Shares of Common Stock Outstanding (in thousands) | ||||||||||
| Basic (in shares) | 737,075 | 735,977 | 736,953 | 735,741 | ||||||
| Diluted (in shares) | 738,177 | 736,769 | 737,938 | 736,478 | ||||||
| Income from Continuing Operations Before Income Taxes | $ 145 | $ 151 | $ 509 | $ 498 | ||||||
| Income (Loss) from Continuing Operations After Income Taxes, Basic | $ 0.15 | $ 0.16 | $ 0.54 | $ 0.53 | ||||||
| Income (Loss) from Continuing Operations after income taxes, Diluted | $ 0.15 | $ 0.16 | $ 0.54 | $ 0.53 | ||||||
| PPL Electric Utilities Corp [Member] | ||||||||||
| Operating Revenues | ||||||||||
| Operating Revenues | $ 667 | $ 676 | $ 1,558 | $ 1,451 | ||||||
| Operation | ||||||||||
| Energy purchases | 204 | 218 | 562 | 474 | ||||||
| Other operation and maintenance | 141 | 128 | 303 | 288 | ||||||
| Depreciation | 99 | 99 | 198 | 197 | ||||||
| Taxes, other than income | 30 | 32 | 74 | 69 | ||||||
| Total Operating Expenses | 474 | 477 | 1,137 | 1,028 | ||||||
| Operating Income | 193 | 199 | 421 | 423 | ||||||
| Other Income (Expense) - net | 9 | 7 | 21 | 13 | ||||||
| Interest Expense | 54 | 40 | 111 | 79 | ||||||
| Income Taxes | 38 | 44 | 83 | 94 | ||||||
| Net Income (Loss) | [1] | 110 | 124 | 248 | 267 | |||||
| Weighted-Average Shares of Common Stock Outstanding (in thousands) | ||||||||||
| Income from Continuing Operations Before Income Taxes | 148 | 168 | 331 | 361 | ||||||
| PPL Electric Utilities Corp [Member] | Related Party | ||||||||||
| Operation | ||||||||||
| Interest Income from affiliate | 0 | 2 | 0 | 4 | ||||||
| Louisville Gas And Electric Co [Member] | ||||||||||
| Operating Revenues | ||||||||||
| Operating Revenues | 355 | 410 | 829 | 903 | ||||||
| Operation | ||||||||||
| Fuel | 68 | 90 | 147 | 171 | ||||||
| Energy purchases | 22 | 43 | 106 | 134 | ||||||
| Energy purchases from affiliate | 2 | 7 | 3 | 9 | ||||||
| Other operation and maintenance | 93 | 103 | 184 | 203 | ||||||
| Depreciation | 76 | 75 | 151 | 149 | ||||||
| Taxes, other than income | 12 | 12 | 24 | 24 | ||||||
| Total Operating Expenses | 273 | 330 | 615 | 690 | ||||||
| Operating Income | 82 | 80 | 214 | 213 | ||||||
| Other Income (Expense) - net | 0 | 4 | 2 | 3 | ||||||
| Interest Expense | 26 | 21 | 51 | 41 | ||||||
| Income Taxes | 11 | 9 | 34 | 28 | ||||||
| Net Income (Loss) | [2] | 45 | 54 | 131 | 147 | |||||
| Weighted-Average Shares of Common Stock Outstanding (in thousands) | ||||||||||
| Income from Continuing Operations Before Income Taxes | 56 | 63 | 165 | 175 | ||||||
| Louisville Gas And Electric Co [Member] | Related Party | ||||||||||
| Operating Revenues | ||||||||||
| Retail and wholesale | 8 | 11 | 21 | 23 | ||||||
| Louisville Gas And Electric Co [Member] | Nonrelated Party | ||||||||||
| Operating Revenues | ||||||||||
| Retail and wholesale | 347 | 399 | 808 | 880 | ||||||
| Kentucky Utilities Co [Member] | ||||||||||
| Operating Revenues | ||||||||||
| Operating Revenues | 435 | 491 | 934 | 1,016 | ||||||
| Operation | ||||||||||
| Fuel | 99 | 139 | 221 | 270 | ||||||
| Energy purchases | 6 | 7 | 12 | 12 | ||||||
| Energy purchases from affiliate | 8 | 11 | 21 | 23 | ||||||
| Other operation and maintenance | 117 | 120 | 226 | 233 | ||||||
| Depreciation | 98 | 98 | 196 | 193 | ||||||
| Taxes, other than income | 12 | 11 | 22 | 22 | ||||||
| Total Operating Expenses | 340 | 386 | 698 | 753 | ||||||
| Operating Income | 95 | 105 | 236 | 263 | ||||||
| Other Income (Expense) - net | 3 | 4 | 5 | 4 | ||||||
| Income Taxes | 13 | 15 | 35 | 39 | ||||||
| Net Income (Loss) | [3] | 51 | 66 | 139 | 173 | |||||
| Weighted-Average Shares of Common Stock Outstanding (in thousands) | ||||||||||
| Income from Continuing Operations Before Income Taxes | 64 | 81 | 174 | 212 | ||||||
| Kentucky Utilities Co [Member] | Related Party | ||||||||||
| Operating Revenues | ||||||||||
| Retail and wholesale | 2 | 7 | 3 | 9 | ||||||
| Operation | ||||||||||
| Interest Expense | 1 | 0 | 1 | 0 | ||||||
| Kentucky Utilities Co [Member] | Nonrelated Party | ||||||||||
| Operating Revenues | ||||||||||
| Retail and wholesale | 433 | 484 | 931 | 1,007 | ||||||
| Operation | ||||||||||
| Interest Expense | $ 33 | $ 28 | $ 66 | $ 55 | ||||||
| ||||||||||
PPL Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Assets, Current [Abstract] | ||||||||||
| Cash and cash equivalents | $ 326 | $ 356 | ||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Customer | 979 | 896 | ||||||||
| Other | 70 | 150 | ||||||||
| Unbilled revenues | 322 | 552 | ||||||||
| Fuel, materials and supplies | 474 | 443 | ||||||||
| Prepayments | 189 | 92 | ||||||||
| Regulatory Assets, Current | 331 | 258 | ||||||||
| Other current assets | 34 | 77 | ||||||||
| Total Current Assets | 2,725 | 2,824 | ||||||||
| Property, Plant and Equipment | ||||||||||
| Regulated utility plant | 37,743 | 36,961 | ||||||||
| Less: accumulated depreciation - regulated utility plant | 8,771 | 8,352 | ||||||||
| Regulated utility plant, net | 28,972 | 28,609 | ||||||||
| Non-regulated property, plant and equipment | 68 | 92 | ||||||||
| Less: accumulated depreciation - non-regulated property, plant and equipment | 22 | 46 | ||||||||
| Non-regulated property, plant and equipment, net | 46 | 46 | ||||||||
| Construction work in progress | 1,744 | 1,583 | ||||||||
| Property, Plant and Equipment, net | 30,762 | 30,238 | ||||||||
| Other Noncurrent Assets | ||||||||||
| Regulatory assets | 1,826 | 1,819 | ||||||||
| Goodwill | 2,247 | 2,248 | ||||||||
| Other intangibles | 309 | 313 | ||||||||
| Other noncurrent assets | 427 | 395 | ||||||||
| Assets, Noncurrent | 4,809 | 4,775 | ||||||||
| Total Assets | 38,296 | 37,837 | ||||||||
| Current Liabilities | ||||||||||
| Short-term debt | 243 | 985 | ||||||||
| Long-term debt due within one year | 91 | 354 | ||||||||
| Accounts payable | 975 | 1,201 | ||||||||
| Taxes | 93 | 124 | ||||||||
| Interest | 141 | 97 | ||||||||
| Dividends | 173 | 166 | ||||||||
| Regulatory liabilities | 280 | 238 | ||||||||
| Other current liabilities | 509 | 624 | ||||||||
| Liabilities, Current, Total | 2,505 | 3,789 | ||||||||
| Long-term Debt, Unclassified [Abstract] | ||||||||||
| Long-term Debt | 14,481 | 12,889 | ||||||||
| Deferred Credits and Other Noncurrent Liabilities | ||||||||||
| Deferred income taxes | 3,138 | 3,007 | ||||||||
| Investment tax credits | 115 | 117 | ||||||||
| Accrued pension obligations | 192 | 206 | ||||||||
| Asset retirement obligations | 128 | 138 | ||||||||
| Regulatory liabilities | 3,421 | 3,412 | ||||||||
| Other deferred credits and noncurrent liabilities | 357 | 361 | ||||||||
| Total Deferred Credits and Other Noncurrent Liabilities | 7,351 | 7,241 | ||||||||
| Commitments and Contingent Liabilities | ||||||||||
| Equity | ||||||||||
| Common stock | [1] | 8 | 8 | |||||||
| Additional paid-in capital | 12,316 | 12,317 | ||||||||
| Treasury Stock | (949) | (967) | ||||||||
| Earnings reinvested | 2,721 | 2,681 | ||||||||
| Accumulated other comprehensive loss | (137) | (124) | ||||||||
| Total Shareowners' Common Equity | 13,959 | 13,915 | ||||||||
| Noncontrolling interests | 0 | 3 | ||||||||
| Total Equity | 13,959 | 13,918 | ||||||||
| Total Liabilities and Equity | 38,296 | 37,837 | ||||||||
| PPL Electric Utilities Corp [Member] | ||||||||||
| Assets, Current [Abstract] | ||||||||||
| Cash and cash equivalents | 26 | 25 | ||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Other | 10 | 12 | ||||||||
| Unbilled revenues | 108 | 224 | ||||||||
| Notes Receivable from affiliates | 0 | 0 | ||||||||
| Fuel, materials and supplies | 90 | 69 | ||||||||
| Prepayments | 96 | 34 | ||||||||
| Regulatory Assets, Current | 49 | 13 | ||||||||
| Other current assets | 20 | 22 | ||||||||
| Total Current Assets | 897 | 759 | ||||||||
| Property, Plant and Equipment | ||||||||||
| Regulated utility plant | 15,139 | 14,794 | ||||||||
| Less: accumulated depreciation - regulated utility plant | 3,684 | 3,544 | ||||||||
| Regulated utility plant, net | 11,455 | 11,250 | ||||||||
| Construction work in progress | 628 | 593 | ||||||||
| Property, Plant and Equipment, net | 12,083 | 11,843 | ||||||||
| Other Noncurrent Assets | ||||||||||
| Regulatory assets | 552 | 568 | ||||||||
| Other intangibles | 268 | 269 | ||||||||
| Other noncurrent assets | 129 | 126 | ||||||||
| Assets, Noncurrent | 949 | 963 | ||||||||
| Total Assets | 13,929 | 13,565 | ||||||||
| Current Liabilities | ||||||||||
| Short-term debt | 130 | 145 | ||||||||
| Long-term debt due within one year | 90 | 340 | ||||||||
| Taxes | 0 | 36 | ||||||||
| Interest | 57 | 35 | ||||||||
| Regulatory liabilities | 82 | 85 | ||||||||
| Other current liabilities | 88 | 86 | ||||||||
| Liabilities, Current, Total | 865 | 1,223 | ||||||||
| Long-term Debt, Unclassified [Abstract] | ||||||||||
| Long-term Debt | 4,565 | 4,146 | ||||||||
| Deferred Credits and Other Noncurrent Liabilities | ||||||||||
| Deferred income taxes | 1,568 | 1,514 | ||||||||
| Regulatory liabilities | 835 | 820 | ||||||||
| Other deferred credits and noncurrent liabilities | 85 | 111 | ||||||||
| Total Deferred Credits and Other Noncurrent Liabilities | 2,488 | 2,445 | ||||||||
| Commitments and Contingent Liabilities | ||||||||||
| Equity | ||||||||||
| Common stock | [2] | 364 | 364 | |||||||
| Additional paid-in capital | 4,259 | 4,084 | ||||||||
| Earnings reinvested | 1,388 | 1,303 | ||||||||
| Total Equity | 6,011 | 5,751 | ||||||||
| Total Liabilities and Equity | $ 13,929 | $ 13,565 | ||||||||
| Financing Receivable, after Allowance for Credit Loss, Related and Nonrelated Party Status [Extensible Enumeration] | Related Party | Related Party | ||||||||
| PPL Electric Utilities Corp [Member] | Related Party | ||||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Customer | $ 10 | $ 3 | ||||||||
| Current Liabilities | ||||||||||
| Accounts payable | 32 | 16 | ||||||||
| PPL Electric Utilities Corp [Member] | Nonrelated Party | ||||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Customer | 488 | 357 | ||||||||
| Current Liabilities | ||||||||||
| Accounts payable | 386 | 480 | ||||||||
| Louisville Gas And Electric Co [Member] | ||||||||||
| Assets, Current [Abstract] | ||||||||||
| Cash and cash equivalents | 7 | 93 | ||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Other | 16 | 13 | ||||||||
| Unbilled revenues | 70 | 112 | ||||||||
| Notes Receivable from affiliates | 8 | 0 | ||||||||
| Fuel, materials and supplies | 135 | 166 | ||||||||
| Prepayments | 17 | 13 | ||||||||
| Regulatory Assets, Current | 4 | 23 | ||||||||
| Other current assets | 1 | 2 | ||||||||
| Total Current Assets | 377 | 616 | ||||||||
| Property, Plant and Equipment | ||||||||||
| Regulated utility plant | 7,527 | 7,429 | ||||||||
| Less: accumulated depreciation - regulated utility plant | 1,443 | 1,355 | ||||||||
| Regulated utility plant, net | 6,084 | 6,074 | ||||||||
| Construction work in progress | 294 | 268 | ||||||||
| Property, Plant and Equipment, net | 6,378 | 6,342 | ||||||||
| Other Noncurrent Assets | ||||||||||
| Regulatory assets | 384 | 373 | ||||||||
| Goodwill | 389 | 389 | ||||||||
| Other intangibles | 21 | 24 | ||||||||
| Other noncurrent assets | 70 | 66 | ||||||||
| Assets, Noncurrent | 864 | 852 | ||||||||
| Total Assets | 7,619 | 7,810 | ||||||||
| Current Liabilities | ||||||||||
| Short-term debt | 21 | 179 | ||||||||
| Notes Payable to affiliates | 0 | |||||||||
| Taxes | 25 | 41 | ||||||||
| Price risk management liabilities current | 1 | 1 | ||||||||
| Interest | 21 | 15 | ||||||||
| Current Customer Deposits | 33 | 32 | ||||||||
| Regulatory liabilities | 19 | 7 | ||||||||
| Asset Retirement Obligation, Current | 14 | 13 | ||||||||
| Other current liabilities | 36 | 46 | ||||||||
| Liabilities, Current, Total | 335 | 559 | ||||||||
| Long-term Debt, Unclassified [Abstract] | ||||||||||
| Long-term Debt | 2,404 | 2,307 | ||||||||
| Deferred Credits and Other Noncurrent Liabilities | ||||||||||
| Deferred income taxes | 774 | 771 | ||||||||
| Investment tax credits | 31 | 31 | ||||||||
| Asset retirement obligations | 64 | 73 | ||||||||
| Regulatory liabilities | 833 | 833 | ||||||||
| Price risk management liabilities | 6 | 6 | ||||||||
| Other deferred credits and noncurrent liabilities | 61 | 64 | ||||||||
| Total Deferred Credits and Other Noncurrent Liabilities | 1,769 | 1,778 | ||||||||
| Commitments and Contingent Liabilities | ||||||||||
| Equity | ||||||||||
| Common stock | [3] | 424 | 424 | |||||||
| Additional paid-in capital | 1,987 | 2,087 | ||||||||
| Earnings reinvested | 700 | 655 | ||||||||
| Total Equity | 3,111 | 3,166 | ||||||||
| Total Liabilities and Equity | $ 7,619 | $ 7,810 | ||||||||
| Financing Receivable, after Allowance for Credit Loss, Related and Nonrelated Party Status [Extensible Enumeration] | Related Party | Related Party | ||||||||
| Notes Payable, Related and Nonrelated Party Status [Extensible Enumeration] | Related Party | |||||||||
| Louisville Gas And Electric Co [Member] | Related Party | ||||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Customer | $ 17 | $ 37 | ||||||||
| Current Liabilities | ||||||||||
| Accounts payable | 52 | 60 | ||||||||
| Louisville Gas And Electric Co [Member] | Nonrelated Party | ||||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Customer | 102 | 157 | ||||||||
| Current Liabilities | ||||||||||
| Accounts payable | 113 | 165 | ||||||||
| Kentucky Utilities Co [Member] | ||||||||||
| Assets, Current [Abstract] | ||||||||||
| Cash and cash equivalents | 9 | 21 | ||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Customer | 133 | 158 | ||||||||
| Other | 13 | 13 | ||||||||
| Unbilled revenues | 87 | 114 | ||||||||
| Fuel, materials and supplies | 193 | 167 | ||||||||
| Prepayments | 16 | 14 | ||||||||
| Regulatory Assets, Current | 10 | 32 | ||||||||
| Other current assets | 0 | 1 | ||||||||
| Total Current Assets | 461 | 520 | ||||||||
| Property, Plant and Equipment | ||||||||||
| Regulated utility plant | 9,700 | 9,515 | ||||||||
| Less: accumulated depreciation - regulated utility plant | 2,344 | 2,201 | ||||||||
| Regulated utility plant, net | 7,356 | 7,314 | ||||||||
| Construction work in progress | 592 | 522 | ||||||||
| Property, Plant and Equipment, net | 7,948 | 7,836 | ||||||||
| Other Noncurrent Assets | ||||||||||
| Regulatory assets | 447 | 442 | ||||||||
| Goodwill | 607 | 607 | ||||||||
| Other intangibles | 20 | 21 | ||||||||
| Other noncurrent assets | 127 | 116 | ||||||||
| Assets, Noncurrent | 1,201 | 1,186 | ||||||||
| Total Assets | 9,610 | 9,542 | ||||||||
| Current Liabilities | ||||||||||
| Short-term debt | 92 | 101 | ||||||||
| Long-term debt due within one year | 0 | 13 | ||||||||
| Notes Payable to affiliates | 8 | 0 | ||||||||
| Taxes | 23 | 26 | ||||||||
| Interest | 25 | 19 | ||||||||
| Current Customer Deposits | 34 | 33 | ||||||||
| Regulatory liabilities | 2 | 6 | ||||||||
| Asset Retirement Obligation, Current | 19 | 26 | ||||||||
| Other current liabilities | 49 | 51 | ||||||||
| Liabilities, Current, Total | 413 | 499 | ||||||||
| Long-term Debt, Unclassified [Abstract] | ||||||||||
| Long-term Debt | 3,003 | 2,907 | ||||||||
| Deferred Credits and Other Noncurrent Liabilities | ||||||||||
| Deferred income taxes | 903 | 896 | ||||||||
| Investment tax credits | 84 | 85 | ||||||||
| Asset retirement obligations | 56 | 56 | ||||||||
| Regulatory liabilities | 1,032 | 1,029 | ||||||||
| Other deferred credits and noncurrent liabilities | 34 | 32 | ||||||||
| Total Deferred Credits and Other Noncurrent Liabilities | 2,109 | 2,098 | ||||||||
| Commitments and Contingent Liabilities | ||||||||||
| Equity | ||||||||||
| Common stock | [4] | 308 | 308 | |||||||
| Additional paid-in capital | 3,041 | 3,041 | ||||||||
| Earnings reinvested | 736 | 689 | ||||||||
| Total Equity | 4,085 | 4,038 | ||||||||
| Total Liabilities and Equity | $ 9,610 | $ 9,542 | ||||||||
| Notes Payable, Related and Nonrelated Party Status [Extensible Enumeration] | Related Party | Related Party | ||||||||
| Kentucky Utilities Co [Member] | Related Party | ||||||||||
| Current Liabilities | ||||||||||
| Accounts payable | $ 75 | $ 101 | ||||||||
| Kentucky Utilities Co [Member] | Nonrelated Party | ||||||||||
| Current Liabilities | ||||||||||
| Accounts payable | $ 86 | $ 123 | ||||||||
| ||||||||||
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through two segments: Kentucky Regulated and Pennsylvania Regulated. It serves approximately 429,000 electric and 333,000 natural gas customers in Louisville and adjacent areas in Kentucky; 538,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in five counties in southwestern Virginia. The company also provides electric services to approximately 1.4 million customers in Pennsylvania; and generates electricity from coal, gas, hydro, and solar sources in Kentucky; and sells wholesale electricity to two municipalities in Kentucky. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.