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PPL Corp
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Q1 2026 Earnings Presentation
| Vincent Sorgi | Page 4 of 11 |
September 20, 2026
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"Q1 2026 Earnings Presentation"
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1 st Quarter Financial Highlights Note: See Appendix for the reconciliation of reported earnings to earnings from ongoing operations. (1) Dividends subject to Board of Directors approval. Advancing PPL ’s financial objectives with strong start to 2026 ? Reported Q1 2026 GAAP results of $0.60 per share and ongoing earnings of $0.63 per share ? Reaffirmed 2026 ongoing EPS forecast range of $1.90 - $1.98 per share with a midpoint of $1.94 per share ? On track to complete ~$5.1 billion of capital investments to support the delivery of safe, reliable, and affordable energy • Continue to project $23 billion of capital investment needs through 2029, resulting in average annual rate base growth of 10.3% over the period; excludes any capital investments related to the joint venture with Blackstone Infrastructure ? Reaffirmed long-term financial targets • 6% - 8% annual EPS growth through at least 2029; expect EPS CAGR from 2025 through 2029 to be near top end of targeted range, with stronger growth beginning in 2027 and continuing through 2029 • 4% - 6% annual dividend growth through at least 2029 (1) • 16% - 18% FFO/CFO to debt throughout plan