Filing Flows › PPL (PPL) › Q2 2026 › vs Q2 2025
PPL (PPL) Q2 2026 vs Q2 2025 (year over year)
PPL's revenue rose $86.0M (+4%) from $2.0B in Q2 2025 to $2.1B in Q2 2026. The biggest changes: Revenue from contracts with customers +$98.0M (+5%). Operating margin 22.5% against 20.0% (+2.5 pts).
PPL, Q2 2026: revenue $2.1B (+4% year over year), operating margin 22.5%, net earnings $230M, operating cash flow $583M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 22.5% | 20.0% | +2.5 pts |
| Net margin | 10.9% | 9.0% | +1.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Kentucky Regulated | $887M | $833M | $54.0M | +6% |
| Pennsylvania Regulated | $764M | $700M | $64.0M | +9% |
| Rhode Island Regulated | $487M | $507M | −$20.0M | -4% |
| Revenue from contracts with customers | $2.1B | $2.0B | $98.0M | +5% |
| Revenue | $2.1B | $2.0B | $86.0M | +4% |
| Other revenues (net loss) | $27.0M | $15.0M | $12.0M | +80% |
| Operating profit | $475M | $406M | $69.0M | +17% |
| Costs & expenses | $1.6B | $1.6B | $17.0M | +1% |
| Pre-tax earnings | $286M | $230M | $56.0M | +24% |
| Other expense, net | $189M | $176M | $13.0M | +7% |
| Net earnings | $230M | $183M | $47.0M | +26% |
| Income tax | $56.0M | $47.0M | $9.0M | +19% |
| Depreciation | $362M | $324M | $38.0M | +12% |
| Share-based compensation | $8.0M | $7.0M | $1.0M | +14% |
| Working capital & other | $17.0M | −$88.0M | $105M | — |
| Operating cash flow | $583M | $602M | −$19.0M | -3% |
| Capital expenditures | $1.3B | $930M | $351M | +38% |
| Negative free cash flow (OCF − capex) | $698M | $328M | $370M | +113% |
Questions
How much did PPL's revenue grow year over year in Q2 2026?
PPL's revenue rose $86.0M (+4%) from $2.0B in Q2 2025 to $2.1B in Q2 2026.
What drove PPL's revenue change in Q2 2026?
Revenue from contracts with customers +$98.0M (+5%).