Filing Flows › PPL (PPL) › Q3 2026 › vs Q3 2025
PPL (PPL) Q3 2026 vs Q3 2025 (year over year)
PPL's revenue rose $258M (+12%) from $2.2B in Q3 2025 to $2.5B in Q3 2026. The biggest changes: Pennsylvania Regulated +$139M (+18%); Kentucky Regulated +$110M (+12%); Other revenues +$16.0M (+800%). Operating margin 26.6% against 25.4% (+1.2 pts).
PPL, Q3 2026: revenue $2.5B (+12% year over year), operating margin 26.6%, net earnings $367M, operating cash flow $916M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 26.6% | 25.4% | +1.2 pts |
| Net margin | 14.7% | 14.2% | +0.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Kentucky Regulated | $1.1B | $941M | $110M | +12% |
| Pennsylvania Regulated | $921M | $782M | $139M | +18% |
| Rhode Island Regulated | $507M | $514M | −$7.0M | -1% |
| Other revenues | $18.0M | $2.0M | $16.0M | +800% |
| Revenue | $2.5B | $2.2B | $258M | +12% |
| Operating profit | $665M | $569M | $96.0M | +17% |
| Costs & expenses | $1.8B | $1.7B | $162M | +10% |
| Pre-tax earnings | $453M | $398M | $55.0M | +14% |
| Other expense, net | $212M | $171M | $41.0M | +24% |
| Net earnings | $367M | $318M | $49.0M | +15% |
| Income tax | $86.0M | $80.0M | $6.0M | +7% |
| Depreciation | $366M | $331M | $35.0M | +11% |
| Share-based compensation | $8.0M | $11.0M | −$3.0M | -27% |
| Working capital & other | $175M | $306M | −$131M | -43% |
| Operating cash flow | $916M | $966M | −$50.0M | -5% |
| Capital expenditures | $1.2B | $1.1B | $46.0M | +4% |
| Negative free cash flow (OCF − capex) | $275M | $179M | $96.0M | +54% |
Questions
How much did PPL's revenue grow year over year in Q3 2026?
PPL's revenue rose $258M (+12%) from $2.2B in Q3 2025 to $2.5B in Q3 2026.
What drove PPL's revenue change in Q3 2026?
Pennsylvania Regulated +$139M (+18%); Kentucky Regulated +$110M (+12%); Other revenues +$16.0M (+800%).