Filing Flows › PPL (PPL) › Q2 2026
PPL (PPL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
PPL (PPL) reported revenue of $2.1B for the second quarter 2026 (Q2 2026), +4% from a year earlier and -24% from the quarter before. Operating margin was 22.5%, net earnings $230M (10.9% of revenue).
PPL, Q2 2026: revenue $2.1B (+4% year over year), operating margin 22.5%, net earnings $230M, operating cash flow $583M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | -24% | +4% |
| Operating profit | $475M | -36% | +17% |
| Net earnings | $230M | -49% | +26% |
| Operating cash flow | $583M | +5% | -3% |
What changed
Revenue was $2.1B in Q2 2026, up 4% year over year and down 24% from the previous quarter. Kentucky Regulated was the largest line at 42% of revenue. Pennsylvania Regulated added $0.06B year over year (up 9%), 74% of the total change. Rhode Island Regulated declined 4%.
Operating profit was $0.47B, a 22.5% margin (up 2.5 points year over year). Of the extra revenue versus Q2 2025, 80% reached operating profit, above the 20% margin then. Total costs grew 1% against revenue growth of 4%. Net earnings were $0.23B, up 26% year over year. The effective tax rate was 19.6%.
Operating cash flow was $0.58B (down 3% year over year), 253% of net earnings. Non-cash charges added back $0.36B of depreciation and $0.01B of share-based compensation. Capital expenditures of $1.3B exceeded it, leaving free cash flow of −$0.70B.
Questions
What was PPL's revenue in the second quarter 2026?
PPL (PPL) reported revenue of $2.1B for the second quarter 2026 (Q2 2026), +4% from a year earlier and -24% from the quarter before.
Was PPL profitable in the second quarter 2026?
Operating profit was $475M (22.5% of revenue) and net earnings $230M.
Source: PPL 10-Q on SEC EDGAR.