PPL Capital Funding, a wholly‑owned subsidiary of PPL Corporation, announced a private placement of $1 billion in exchangeable senior notes due 2030. The notes are senior, unsecured, and fully guaranteed by PPL Corporation, with semi‑annual interest payable in arrears. Initial purchasers can elect to buy an additional $150 million of notes within 13 days of issuance, giving the company flexibility to raise up to $1.15 billion if demand warrants.
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PPL Corporation reported third‑quarter 2025 results that beat consensus expectations, with GAAP earnings of $0.43 per share and ongoing earnings of $0.48 per share. The company’s revenue reached $2.24 billion, surpassing the $2.17 billion consensus estimate by $70 million, a 3.1% beat that reflects stronger-than‑expected demand in its regulated utility segment and growing data‑center usage.
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