On July 15, 2025, the company announced a joint venture with Blackstone Infrastructure to build, own and operate new electricity generation stations for data centers in Pennsylvania, with PPL holding 51% and Blackstone Infrastructure holding 49%. As of November 5, 2025, the company said no energy services agreements with hyperscalers had been signed.

10-QQuarterly reportFiled Nov 5, 2025Period of report Sep 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

On July 15, 2025, the company announced a joint venture with Blackstone Infrastructure to build, own and operate new electricity generation stations for data centers in Pennsylvania, with PPL holding 51% and Blackstone Infrastructure holding 49%. As of November 5, 2025, the company said no energy services agreements with hyperscalers had been signed.
The company cited higher operating revenues in the Pennsylvania Regulated segment for the 3-month period due to increases in PLR of 52 million and transmission formula rate revenue of 22 million, and for the 9-month period due to increases in PLR of 88 million, transmission formula rate revenue of 39 million and distribution volumes of 18 million.
The company said that conforming the presentation of RIE's net metering charges to that of its other operating utilities beginning in Q4 2024 resulted in increases in Rhode Island Regulated segment operating revenues and energy purchases of 25 million for the 3-month period and 110 million for the 9-month period, respectively.
The company said PPL's operating cash flow for the 9 months in 2025 increased 252 million compared with the same period in 2024. Net income increased 204 million and included an increase in non-cash items of 54 million, working capital changes increased cash by 32 million and other operating activities decreased cash by 38 million.

Key figures

Quarter ended September 30, 2025

Revenue: $2.2B
Operating income: $569M
Net income: $318M
EPS: $0.43

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Joint Venture with Blackstone Infrastructure

On July 15, 2025, the company announced a joint venture with Blackstone Infrastructure to build, own and operate new electricity generation stations for data centers in Pennsylvania, with PPL holding 51% and Blackstone Infrastructure holding 49%. As of November 5, 2025, the company said no energy services agreements with hyperscalers had been signed.

Source · Based on the MD&A text of the filing

Pennsylvania Regulated Segment Operating Revenue Changes

The company cited higher operating revenues in the Pennsylvania Regulated segment for the 3-month period due to increases in PLR of 52 million and transmission formula rate revenue of 22 million, and for the 9-month period due to increases in PLR of 88 million, transmission formula rate revenue of 39 million and distribution volumes of 18 million.

Source · Based on the MD&A text of the filing

Rhode Island Regulated Segment Net Metering Presentation Change

The company said that conforming the presentation of RIE's net metering charges to that of its other operating utilities beginning in Q4 2024 resulted in increases in Rhode Island Regulated segment operating revenues and energy purchases of 25 million for the 3-month period and 110 million for the 9-month period, respectively.

Source · Based on the MD&A text of the filing

PPL Operating Cash Flow Increase

The company said PPL's operating cash flow for the 9 months in 2025 increased 252 million compared with the same period in 2024. Net income increased 204 million and included an increase in non-cash items of 54 million, working capital changes increased cash by 32 million and other operating activities decreased cash by 38 million.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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