PPL Corporation (PPL) Revenue by Segment

PPL revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), PPL's largest business segment was Kentucky Regulated, with $887.00 million or 41% of revenue, up 6.5% from a year earlier. Next: Pennsylvania Regulated (36%) and Rhode Island Regulated (23%).

By customer type, Residential brought in 44%, Commercial brought in 25% and Transmission brought in 14% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Pennsylvania Regulated (+9.1%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

PPL Corporation

PPLUtilities

United States

Utilities

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Kentucky RegulatedPennsylvania RegulatedRhode Island RegulatedUnited Kingdom RegulatedCorporate

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Kentucky Regulated	USD 887.00M	41.5%	+6.5%
Pennsylvania Regulated	USD 764.00M	35.7%	+9.1%
Rhode Island Regulated	USD 487.00M	22.8%	-3.9%

Sum of items USD 2.14B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Kentucky Regulated	887.0M	1.2B	915.0M	944.0M	833.0M	1.1B	864.0M	910.0M	819.0M	984.0M	816.0M	893.0M	778.0M	959.0M	943.0M	978.0M	883.0M	1.0B	843.0M	872.0M	731.0M	881.0M	775.0M	806.0M	700.0M	825.0M	–	844.0M	732.0M	845.0M	797.0M	802.0M	743.0M	872.0M	–	818.0M
Pennsylvania Regulated	764.0M	967.0M	823.0M	786.0M	700.0M	812.0M	717.0M	709.0M	673.0M	770.0M	709.0M	737.0M	667.0M	890.0M	810.0M	765.0M	676.0M	775.0M	633.0M	649.0M	561.0M	627.0M	582.0M	586.0M	554.0M	608.0M	–	590.0M	521.0M	645.0M	573.0M	548.0M	517.0M	639.0M	–	547.0M
Rhode Island Regulated	487.0M	616.0M	610.0M	509.0M	507.0M	671.0M	631.0M	458.0M	389.0M	549.0M	458.0M	413.0M	377.0M	599.0M	454.0M	427.0M	128.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
United Kingdom Regulated	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	491.0M	541.0M	583.0M	552.0M	517.0M	584.0M	615.0M	–	477.0M
Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.0M	7.0M	9.0M	3.0M	9.0M	6.0M	10.0M	8.0M	14.0M	8.0M	9.0M	7.0M	–	8.0M	9.0M	6.0M	17.0M	5.0M	4.0M	–	–	3.0M

PPL revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Kentucky Regulated	$887.0M	$1.2B	$944.0M	$833.0M	41%
Pennsylvania Regulated	$764.0M	$967.0M	$786.0M	$700.0M	36%
Rhode Island Regulated	$487.0M	$616.0M	$509.0M	$507.0M	23%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

PPL revenue by customer type, last 4 quarters

Customer type	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Residential	$936.0M	$1.5B	$1.1B	$887.0M	44%
Commercial	$544.0M	$632.0M	$555.0M	$513.0M	25%
Transmission	$307.0M	$302.0M	$295.0M	$274.0M	14%
Industrial	$202.0M	$206.0M	$201.0M	$191.0M	9%
Other	$127.0M	$116.0M	$98.0M	$146.0M	6%
Wholesale Other	$18.0M	$45.0M	$26.0M	$24.0M	1%
Wholesale Municipal	$4.0M	$7.0M	$7.0M	$5.0M	under 1%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are PPL's business segments?

Kentucky Regulated, Pennsylvania Regulated and Rhode Island Regulated (as reported for Q2 fiscal 2026).

Which business segment makes the most money for PPL?

Kentucky Regulated: $887.00 million, or 41% of revenue, in Q2 fiscal 2026.

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.