PPL Corp

PPL, PPLC · Electric Services · 752.4M shares · +0%/yr ↑ shares · EDGAR filings ↗

Net buyback after stock comp: $970M (gross $1.0B, SBC $33M)

Reference price $35.56 · est. market cap ~$26.8B — last insider sale, 2026-06-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

C67

Mid-pack regulated electric utility with steady margins but low returns and heavy capex-driven negative free cash flow.

Strengths

Net income growth 33% (77th pct) and operating margin 23% (64th pct)
Regulated rate base provides stable, defensible revenue

Risks

Negative free cash flow (-$1.4B) and low ROA 2.6% — capital-intensive with thin coverage (2.6x)
Liquidity light (current ratio 0.86) and revenue growth below median

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Cash burnNegative free cash flow (-1401.0M)
Weak liquidityCurrent ratio 0.86 (<1)
Insider sellingInsider selling — 1 open-market sale(s) by 1 insider(s) (~$250,734, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $2.0B2025-09-30 · $2.2B2025-12-31 · $2.3B2026-03-31 · $2.8B

Last 4 quarters · from SEC filings.

Key metrics

Operating margin

23.2%

Net margin

12.9%

Return on assets

2.6%

Revenue growth (QoQ)

18.7%

Net-income growth

33.0%

Interest coverage

2.6×

Current ratio

0.9×

Free cash flow

-$1.4B

Cash & investments

$1.1B

Cash runway

Stock comp / revenue

0.5%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-12	Cornett John Gregory	Sell	7.1K	$35.56
2026-04-24	Bonenberger David J	Tax withheld	95	$38.75
2026-04-24	Bellar Lonnie E	Option exercise	81	$38.75
2026-04-24	Bellar Lonnie E	Tax withheld	37	$38.75
2026-04-24	Bonenberger David J	Option exercise	217	$38.75
2026-04-08	Sorgi Vincent	Gift	33K	—
2026-02-20	Sorgi Vincent	Tax withheld	30K	$37.44
2026-02-20	Bellar Lonnie E	Option exercise	3.5K	$37.44
2026-02-20	Martin Christine M	Tax withheld	853	$37.44
2026-02-20	Beers Marlene C	Option exercise	3.3K	$37.44
2026-02-20	Beers Marlene C	Tax withheld	945	$37.44
2026-02-20	Bellar Lonnie E	Tax withheld	1.0K	$37.44
2026-02-20	Stark Wendy E	Option exercise	15K	$37.44
2026-02-20	Stark Wendy E	Tax withheld	6.4K	$37.44
2026-02-20	Cornett John Gregory	Option exercise	2.1K	$37.44
2026-02-20	Cornett John Gregory	Tax withheld	630	$37.44
2026-02-20	Sorgi Vincent	Option exercise	69K	$37.44
2026-02-20	Bergstein Joseph P Jr	Option exercise	21K	$37.44
2026-02-20	Bergstein Joseph P Jr	Tax withheld	9.2K	$37.44
2026-02-20	Bonenberger David J	Option exercise	7.9K	$37.44
2026-02-20	Bonenberger David J	Tax withheld	3.4K	$37.44
2026-02-20	Crockett John R III	Option exercise	9.2K	$37.44
2026-02-20	Crockett John R III	Tax withheld	4.2K	$37.44
2026-02-20	Gosman Angela K	Option exercise	8.7K	$37.44
2026-02-20	Gosman Angela K	Tax withheld	3.8K	$37.44
2026-02-20	Henninger Tadd J	Option exercise	3.4K	$37.44
2026-02-20	Henninger Tadd J	Tax withheld	971	$37.44
2026-02-20	Martin Christine M	Option exercise	3.0K	$37.44
2026-01-30	Crockett John R III	Tax withheld	643	$36.25
2026-01-30	Henninger Tadd J	Option exercise	719	$36.25
2026-01-30	Cornett John Gregory	Option exercise	660	$36.25
2026-01-30	Cornett John Gregory	Tax withheld	201	$36.25
2026-01-30	Henninger Tadd J	Tax withheld	207	$36.25
2026-01-30	Bergstein Joseph P Jr	Option exercise	3.9K	$36.25
2026-01-30	Bergstein Joseph P Jr	Tax withheld	1.7K	$36.25
2026-01-30	Bonenberger David J	Option exercise	2.1K	$36.25
2026-01-30	Bellar Lonnie E	Option exercise	1.3K	$36.25
2026-01-30	Bellar Lonnie E	Tax withheld	383	$36.25
2026-01-30	Bonenberger David J	Tax withheld	906	$36.25
2026-01-30	Gosman Angela K	Option exercise	2.1K	$36.25
2026-01-30	Crockett John R III	Option exercise	1.4K	$36.25
2026-01-30	Sorgi Vincent	Tax withheld	6.7K	$36.25
2026-01-30	Sorgi Vincent	Option exercise	15K	$36.25
2026-01-30	Martin Christine M	Tax withheld	198	$36.25
2026-01-30	Martin Christine M	Option exercise	692	$36.25
2026-01-30	Beers Marlene C	Option exercise	636	$36.25
2026-01-30	Stark Wendy E	Option exercise	3.0K	$36.25
2026-01-30	Stark Wendy E	Tax withheld	1.3K	$36.25
2026-01-30	Del Vecchio Dean A	Option exercise	2.9K	$36.25
2026-01-30	Del Vecchio Dean A	Tax withheld	1.2K	$36.25
2026-01-30	Beers Marlene C	Tax withheld	184	$36.25
2026-01-30	Gosman Angela K	Tax withheld	948	$36.25
2026-01-29	Henninger Tadd J	Tax withheld	1.0K	$36.31
2026-01-29	Beers Marlene C	Option exercise	3.2K	$36.31
2026-01-29	Beers Marlene C	Tax withheld	1.0K	$36.31
2026-01-29	Beers Marlene C	Option exercise	7.0K	$36.31
2026-01-29	Beers Marlene C	Tax withheld	2.0K	$36.31
2026-01-29	Bergstein Joseph P Jr	Option exercise	20K	$36.31
2026-01-29	Bergstein Joseph P Jr	Tax withheld	6.9K	$36.31
2026-01-29	Bergstein Joseph P Jr	Option exercise	45K	$36.31
2026-01-29	Bergstein Joseph P Jr	Tax withheld	20K	$36.31
2026-01-29	Bonenberger David J	Option exercise	7.6K	$36.31
2026-01-29	Bonenberger David J	Tax withheld	2.2K	$36.31
2026-01-29	Bonenberger David J	Option exercise	17K	$36.31
2026-01-29	Bonenberger David J	Tax withheld	5.1K	$36.31
2026-01-29	Crockett John R III	Option exercise	8.9K	$36.31
2026-01-29	Crockett John R III	Tax withheld	2.9K	$36.31
2026-01-29	Crockett John R III	Option exercise	20K	$36.31
2026-01-29	Crockett John R III	Tax withheld	7.0K	$36.31
2026-01-29	Gosman Angela K	Option exercise	8.3K	$36.31
2026-01-29	Gosman Angela K	Tax withheld	2.4K	$36.31
2026-01-29	Gosman Angela K	Option exercise	18K	$36.31
2026-01-29	Gosman Angela K	Tax withheld	6.2K	$36.31
2026-01-29	Martin Christine M	Option exercise	2.9K	$36.31
2026-01-29	Martin Christine M	Tax withheld	943	$36.31
2026-01-29	Martin Christine M	Option exercise	6.4K	$36.31
2026-01-29	Martin Christine M	Tax withheld	1.8K	$36.31
2026-01-29	Sorgi Vincent	Option exercise	66K	$36.31
2026-01-29	Sorgi Vincent	Tax withheld	29K	$36.31
2026-01-29	Sorgi Vincent	Option exercise	146K	$36.31
2026-01-29	Sorgi Vincent	Tax withheld	64K	$36.31
2026-01-29	Stark Wendy E	Option exercise	14K	$36.31
2026-01-29	Stark Wendy E	Tax withheld	4.0K	$36.31
2026-01-29	Stark Wendy E	Option exercise	31K	$36.31
2026-01-29	Stark Wendy E	Tax withheld	13K	$36.31
2026-01-29	Cornett John Gregory	Option exercise	2.0K	$36.31
2026-01-29	Cornett John Gregory	Tax withheld	719	$36.31
2026-01-29	Cornett John Gregory	Option exercise	4.4K	$36.31
2026-01-29	Cornett John Gregory	Tax withheld	1.4K	$36.31
2026-01-29	Bellar Lonnie E	Option exercise	3.4K	$36.31
2026-01-29	Bellar Lonnie E	Tax withheld	1.1K	$36.31
2026-01-29	Bellar Lonnie E	Option exercise	7.5K	$36.31
2026-01-29	Bellar Lonnie E	Tax withheld	2.2K	$36.31
2026-01-29	Henninger Tadd J	Option exercise	3.2K	$36.31
2026-01-29	Henninger Tadd J	Option exercise	7.2K	$36.31
2026-01-29	Henninger Tadd J	Tax withheld	2.1K	$36.31
2026-01-20	Stark Wendy E	Option exercise	9.7K	$36.91
2026-01-20	Stark Wendy E	Tax withheld	3.0K	$36.91
2026-01-20	Sorgi Vincent	Option exercise	45K	$36.91
2026-01-20	Sorgi Vincent	Tax withheld	16K	$36.91
2026-01-20	Martin Christine M	Option exercise	1.8K	$36.91
2026-01-20	Martin Christine M	Tax withheld	603	$36.91
2026-01-20	Henninger Tadd J	Option exercise	2.2K	$36.91
2026-01-20	Henninger Tadd J	Tax withheld	759	$36.91
2026-01-20	Gosman Angela K	Option exercise	5.7K	$36.91
2026-01-20	Gosman Angela K	Tax withheld	1.9K	$36.91
2026-01-20	Crockett John R III	Option exercise	6.1K	$36.91
2026-01-20	Crockett John R III	Tax withheld	2.1K	$36.91
2026-01-20	Cornett John Gregory	Option exercise	1.2K	$36.91
2026-01-20	Cornett John Gregory	Tax withheld	455	$36.91
2026-01-20	Bonenberger David J	Option exercise	5.2K	$36.91
2026-01-20	Bonenberger David J	Tax withheld	1.7K	$36.91
2026-01-20	Bergstein Joseph P Jr	Option exercise	14K	$36.91
2026-01-20	Bergstein Joseph P Jr	Tax withheld	4.2K	$36.91
2026-01-20	Bellar Lonnie E	Option exercise	2.1K	$36.91
2026-01-20	Bellar Lonnie E	Tax withheld	729	$36.91
2026-01-20	Beers Marlene C	Option exercise	2.2K	$36.91
2026-01-20	Beers Marlene C	Tax withheld	738	$36.91
2025-11-07	Sorgi Vincent	Gift	30K	—
2025-08-27	Crockett John R III	Sell	16K	$36.56
2025-08-08	Sorgi Vincent	Gift	16K	—
2025-07-29	Bonenberger David J	Sell	2.2K	$35.86
2025-07-28	Gosman Angela K	Tax withheld	1.4K	$35.71
2025-07-28	Gosman Angela K	Option exercise	3.2K	$35.71
2025-07-28	Bellar Lonnie E	Option exercise	1.7K	$35.71
2025-07-28	Bellar Lonnie E	Tax withheld	518	$35.71
2025-07-28	Bonenberger David J	Option exercise	3.9K	$35.71
2025-07-28	Bonenberger David J	Tax withheld	1.7K	$35.71
2025-05-27	Henninger Tadd J	Sell	1.1K	$34.98
2025-05-27	Martin Christine M	Sell	306	$34.98
2025-05-27	Bonenberger David J	Sell	1.8K	$34.98
2025-05-23	Bonenberger David J	Tax withheld	1.4K	$34.67
2025-05-23	Beers Marlene C	Option exercise	945	$34.67
2025-05-23	Gosman Angela K	Sell	6.5K	$34.66
2025-05-23	Henninger Tadd J	Tax withheld	436	$34.67
2025-05-23	Henninger Tadd J	Option exercise	1.5K	$34.67
2025-05-23	Martin Christine M	Option exercise	429	$34.67
2025-05-23	Martin Christine M	Tax withheld	123	$34.67
2025-05-23	Beers Marlene C	Tax withheld	272	$34.67
2025-05-23	Bonenberger David J	Option exercise	3.1K	$34.67
2025-03-13	Martin Christine M	Gift	735	—
2025-02-28	Martin Christine M	Sell	1.1K	$34.78
2025-02-18	Bonenberger David J	Sell	4.5K	$33.86
2025-02-18	Henninger Tadd J	Sell	2.2K	$33.86
2025-02-13	Bonenberger David J	Tax withheld	1.7K	$34.41
2025-02-13	Crockett John R III	Option exercise	8.6K	$34.41
2025-02-13	Crockett John R III	Tax withheld	3.9K	$34.41
2025-02-13	Gosman Angela K	Option exercise	5.6K	$34.41
2025-02-13	Gosman Angela K	Tax withheld	1.6K	$34.41
2025-02-13	Henninger Tadd J	Option exercise	3.2K	$34.41
2025-02-13	Henninger Tadd J	Tax withheld	908	$34.41
2025-02-13	Martin Christine M	Option exercise	2.8K	$34.41
2025-02-13	Bergstein Joseph P Jr	Tax withheld	7.5K	$34.41
2025-02-13	Martin Christine M	Tax withheld	799	$34.41
2025-02-13	Sorgi Vincent	Option exercise	61K	$34.41
2025-02-13	Bonenberger David J	Option exercise	2.4K	$34.41
2025-02-13	Stark Wendy E	Option exercise	12K	$34.41
2025-02-13	Stark Wendy E	Tax withheld	5.3K	$34.41
2025-02-13	Cornett John Gregory	Option exercise	1.9K	$34.41
2025-02-13	Cornett John Gregory	Tax withheld	573	$34.41
2025-02-13	Sullivan Francis X	Option exercise	1.5K	$34.41
2025-02-13	Sullivan Francis X	Tax withheld	554	$34.41
2025-02-13	Bergstein Joseph P Jr	Option exercise	17K	$34.41
2025-02-13	Beers Marlene C	Tax withheld	867	$34.41
2025-02-13	Beers Marlene C	Option exercise	3.0K	$34.41
2025-02-13	Sorgi Vincent	Tax withheld	27K	$34.41
2025-02-13	Bonenberger David J	Tax withheld	684	$34.41
2025-02-13	Bonenberger David J	Option exercise	4.5K	$34.41
2025-02-03	Henninger Tadd J	Sell	7.7K	$33.38
2025-02-03	Bonenberger David J	Sell	17K	$33.38
2025-01-30	Bergstein Joseph P Jr	Option exercise	37K	$33.47
2025-01-30	Bergstein Joseph P Jr	Tax withheld	16K	$33.47
2025-01-30	Beers Marlene C	Option exercise	4.0K	$33.47
2025-01-30	Beers Marlene C	Tax withheld	1.3K	$33.47
2025-01-30	Beers Marlene C	Option exercise	6.5K	$33.47
2025-01-30	Beers Marlene C	Tax withheld	1.9K	$33.47
2025-01-30	Sullivan Francis X	Option exercise	3.2K	$33.47
2025-01-30	Gosman Angela K	Option exercise	7.5K	$33.47
2025-01-30	Gosman Angela K	Tax withheld	2.2K	$33.47
2025-01-30	Gosman Angela K	Option exercise	12K	$33.47
2025-01-30	Gosman Angela K	Tax withheld	3.5K	$33.47
2025-01-30	Bonenberger David J	Option exercise	3.2K	$33.47
2025-01-30	Bonenberger David J	Tax withheld	1.1K	$33.47
2025-01-30	Bonenberger David J	Option exercise	5.2K	$33.47
2025-01-30	Bonenberger David J	Tax withheld	1.5K	$33.47
2025-01-30	Bonenberger David J	Option exercise	6.1K	$33.47
2025-01-30	Bonenberger David J	Tax withheld	1.7K	$33.47
2025-01-30	Bonenberger David J	Option exercise	9.8K	$33.47
2025-01-30	Bonenberger David J	Tax withheld	2.8K	$33.47
2025-01-30	Henninger Tadd J	Option exercise	4.2K	$33.47
2025-01-30	Henninger Tadd J	Tax withheld	1.3K	$33.47
2025-01-30	Henninger Tadd J	Option exercise	6.8K	$33.47
2025-01-30	Henninger Tadd J	Tax withheld	2.0K	$33.47
2025-01-30	Martin Christine M	Option exercise	3.8K	$33.47
2025-01-30	Martin Christine M	Tax withheld	1.2K	$33.47
2025-01-30	Martin Christine M	Option exercise	6.0K	$33.47
2025-01-30	Martin Christine M	Tax withheld	1.7K	$33.47
2025-01-30	Sorgi Vincent	Option exercise	82K	$33.47
2025-01-30	Sorgi Vincent	Tax withheld	36K	$33.47
2025-01-30	Sorgi Vincent	Option exercise	131K	$33.47
2025-01-30	Sorgi Vincent	Tax withheld	58K	$33.47
2025-01-30	Stark Wendy E	Option exercise	16K	$33.47
2025-01-30	Stark Wendy E	Tax withheld	4.7K	$33.47
2025-01-30	Stark Wendy E	Option exercise	26K	$33.47
2025-01-30	Stark Wendy E	Tax withheld	11K	$33.47
2025-01-30	Sullivan Francis X	Option exercise	2.0K	$33.47
2025-01-30	Sullivan Francis X	Tax withheld	848	$33.47
2025-01-30	Sullivan Francis X	Tax withheld	1.2K	$33.47
2025-01-30	Crockett John R III	Option exercise	12K	$33.47
2025-01-30	Crockett John R III	Tax withheld	3.5K	$33.47
2025-01-30	Crockett John R III	Option exercise	19K	$33.47
2025-01-30	Crockett John R III	Tax withheld	6.6K	$33.47
2025-01-30	Cornett John Gregory	Option exercise	2.5K	$33.47
2025-01-30	Cornett John Gregory	Tax withheld	910	$33.47
2025-01-30	Cornett John Gregory	Option exercise	4.1K	$33.47
2025-01-30	Cornett John Gregory	Tax withheld	1.3K	$33.47
2025-01-30	Bergstein Joseph P Jr	Option exercise	23K	$33.47
2025-01-30	Bergstein Joseph P Jr	Tax withheld	7.4K	$33.47
2025-01-28	Henninger Tadd J	Sell	1.4K	$33.48
2025-01-28	Bonenberger David J	Sell	981	$33.48
2025-01-27	Bergstein Joseph P Jr	Option exercise	12K	$33.51
2025-01-27	Bergstein Joseph P Jr	Tax withheld	3.6K	$33.51
2025-01-27	Cornett John Gregory	Option exercise	1.2K	$33.51
2025-01-27	Cornett John Gregory	Tax withheld	431	$33.51
2025-01-27	Crockett John R III	Sell	1.6K	$33.12
2025-01-27	Crockett John R III	Option exercise	5.9K	$33.51
2025-01-27	Crockett John R III	Tax withheld	2.0K	$33.51
2025-01-27	Gosman Angela K	Option exercise	3.8K	$33.51
2025-01-27	Gosman Angela K	Tax withheld	1.3K	$33.51
2025-01-27	Martin Christine M	Option exercise	1.7K	$33.51
2025-01-27	Martin Christine M	Tax withheld	585	$33.51
2025-01-27	Sorgi Vincent	Option exercise	42K	$33.51
2025-01-27	Sorgi Vincent	Tax withheld	14K	$33.51
2025-01-27	Stark Wendy E	Option exercise	8.3K	$33.51
2025-01-27	Stark Wendy E	Tax withheld	2.6K	$33.51
2025-01-27	Sullivan Francis X	Option exercise	913	$33.51
2025-01-27	Sullivan Francis X	Tax withheld	391	$33.51
2025-01-27	Henninger Tadd J	Option exercise	2.2K	$33.51
2025-01-27	Henninger Tadd J	Tax withheld	737	$33.51
2025-01-27	Bonenberger David J	Option exercise	1.5K	$33.51
2025-01-27	Bonenberger David J	Tax withheld	502	$33.51
2025-01-27	Beers Marlene C	Option exercise	2.1K	$33.51
2025-01-27	Beers Marlene C	Tax withheld	703	$33.51
2025-01-02	Henninger Tadd J	Option exercise	75	$32.18
2025-01-02	Henninger Tadd J	Tax withheld	26	$32.18

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-04	OtherExhibits	filing ↗
2026-05-18	Material agreementDebt obligationExhibits	filing ↗
2026-05-15	Debt obligationOtherExhibits	filing ↗
2026-05-13	Exec/director changeShareholder voteExhibits	filing ↗
2026-05-08	ResultsReg FDExhibits	filing ↗
2026-03-24	Other	filing ↗
2026-03-13	OtherExhibits	filing ↗
2026-03-06	Other	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-04	2026-06-04	0000922224-26-000036 ↗
8-K	2026-05-18	2026-05-13	0000922224-26-000034 ↗
8-K	2026-05-15	2026-05-12	0000922224-26-000032 ↗
8-K	2026-05-13	2026-05-13	0000922224-26-000030 ↗
10-Q	2026-05-08	2026-03-31	0000922224-26-000026 ↗
8-K	2026-05-08	2026-05-08	0000922224-26-000024 ↗
8-K	2026-03-24	2026-03-19	0000922224-26-000022 ↗
8-K	2026-03-13	2026-03-13	0000922224-26-000020 ↗
8-K	2026-03-06	2026-03-05	0000922224-26-000014 ↗
8-K	2026-02-26	2026-02-23	0000922224-26-000010 ↗
10-K	2026-02-20	2025-12-31	0000922224-26-000008 ↗
8-K	2026-02-20	2026-02-20	0000922224-26-000006 ↗