Filing Flows › PPL (PPL) › Q3 2026
PPL (PPL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
PPL (PPL) reported revenue of $2.5B for the third quarter 2026 (Q3 2026), +12% from a year earlier. Operating margin was 26.6%, net earnings $367M (14.7% of revenue).
PPL, Q3 2026: revenue $2.5B (+12% year over year), operating margin 26.6%, net earnings $367M, operating cash flow $916M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | — | +12% |
| Operating profit | $665M | — | +17% |
| Net earnings | $367M | — | +15% |
| Operating cash flow | $916M | — | -5% |
What changed
Revenue was $2.5B in Q3 2026, up 12% year over year. Kentucky Regulated was the largest line at 42% of revenue. Pennsylvania Regulated added $0.14B year over year (up 18%), 54% of the total change. Rhode Island Regulated declined 1%.
Operating profit was $0.67B, a 26.6% margin (up 1.2 points year over year). Of the extra revenue versus Q3 2025, 37% reached operating profit, above the 25% margin then. Total costs grew 10% against revenue growth of 12%. Net earnings were $0.37B, up 15% year over year. The effective tax rate was 19.0%.
Operating cash flow was $0.92B (down 5% year over year), 250% of net earnings. Non-cash charges added back $0.37B of depreciation and $0.01B of share-based compensation. Working capital and other items added $0.17B. Capital expenditures of $1.2B exceeded it, leaving free cash flow of −$0.28B.
Questions
What was PPL's revenue in the third quarter 2026?
PPL (PPL) reported revenue of $2.5B for the third quarter 2026 (Q3 2026), +12% from a year earlier.
Was PPL profitable in the third quarter 2026?
Operating profit was $665M (26.6% of revenue) and net earnings $367M.
Source: PPL 10-Q on SEC EDGAR.