Filing Flows › PPL (PPL) › How it makes money
How PPL (PPL) makes money
PPL (PPL) made $2.5B of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Kentucky Regulated brought in $1.1B (42%); Pennsylvania Regulated brought in $921M (37%); Rhode Island Regulated brought in $507M (20%). Of every dollar of revenue, 27¢ was left as operating profit, 15¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Kentucky Regulated | $1.1B | 42.1% | — | +12% |
| Pennsylvania Regulated | $921M | 36.9% | — | +18% |
| Rhode Island Regulated | $507M | 20.3% | — | -1% |
| Other revenues | $18.0M | 0.7% | — | +800% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.5B | 100.0% |
| Operating profit | $665M | 26.6% |
| Income tax | $86.0M | 3.4% |
| Net earnings | $367M | 14.7% |
| Operating cash flow | $916M | 36.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.5B | +12% |
| Q2 2026 | $2.1B | +4% |
| Q1 2026 | $2.8B | +11% |
| Q4 2025 | $2.3B | +3% |
| Q3 2025 | $2.2B | +8% |
| Q2 2025 | $2.0B | +8% |
| Q1 2025 | $2.5B | +9% |
From PPL's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does PPL make money?
PPL (PPL) made $2.5B of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Kentucky Regulated brought in $1.1B (42%); Pennsylvania Regulated brought in $921M (37%); Rhode Island Regulated brought in $507M (20%). Of every dollar of revenue, 27¢ was left as operating profit, 15¢ was left as net earnings.
What is PPL's biggest business?
Kentucky Regulated: $1.1B in the third quarter 2026, 42% of revenue, +12% from a year earlier.
What is PPL's profit margin?
Net earnings were $367M, 14.7% of revenue, in the third quarter 2026; the operating margin was 26.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.