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Earnings Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share
4. Earnings Per Share
 
(PPL)
 
Basic EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding during the applicable period. Diluted EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding, increased by the number of incremental shares that would be outstanding if potentially dilutive share-based payment awards were converted to common shares as calculated using the Two-Class Method or Treasury Stock Method. The If-Converted Method is applied to the Exchangeable Senior Notes due 2028 (Exchangeable Notes) issued in February 2023.

Incremental non-participating securities that have a dilutive impact are detailed in the table below. In 2025, these securities include forward sales of PPL common stock issued through an ATM Program and the number of shares needed to settle the conversion premium on the Exchangeable Notes. The forward sale agreements are dilutive under the Treasury Stock Method to the extent the average stock price of PPL's common shares exceeds the forward sale price prescribed in the agreements. See Note 7 for additional information on the ATM Program and Note 8 in PPL's Annual Report on Form 10-K for the year ended December 31, 2023 for additional information on the Exchangeable Notes.
 
Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for the periods ended September 30 used in the EPS calculation are:
 Three MonthsNine Months
 2025202420252024
Income (Numerator)    
Net income attributable to PPL$318 $214 $915 $711 
Less amounts allocated to participating securities— 1 2 2 
Net income available to PPL common shareowners - Basic and Diluted$318 $213 $913 $709 
Shares of Common Stock (Denominator)    
Weighted-average shares - Basic EPS739,525 737,773 739,167 737,678 
Add: Dilutive share-based payment awards (a)2,840 2,192 2,684 1,772 
Add: Forward sale agreements263 — 95 — 
Add: Exchangeable Notes1,662 — 801 — 
Weighted-average shares - Diluted EPS744,290 739,965 742,747 739,450 
Basic EPS    
Net Income available to PPL common shareowners$0.43 $0.29 $1.24 $0.96 
Diluted EPS    
Net Income available to PPL common shareowners$0.43 $0.29 $1.23 $0.96 

(a)    The Treasury Stock Method was applied to non-participating share-based payment awards.

For the periods ended September 30, PPL issued common stock related to the DRIP as follows (in thousands):
 Three MonthsNine Months
 2025202420252024
DRIP197 2 583 2 

For the periods ended September 30, the following shares (in thousands) were excluded from the computations of diluted EPS because the effect would have been antidilutive.
 Three MonthsNine Months
2025202420252024
Stock-based compensation awards53 — 142 — 
Forward sale agreements29,946 — 12,542 —