Latest period
$4.29B
YoY change
+43.7%
5Y CAGR
+12.2%
Peak year (2013)
$4.21B
Cumulative CapEx
$59.07B
CapEx history chart for PPL (PPL) from 1995 to 2025
Latest: $4.03B
CapEx growth chart for PPL (PPL) from 1995 to 2025
Latest: +43.7%
CapEx history table for PPL (PPL) from 1995 to 2025
| 2025 | $4.03B | +43.7% | +$1.23B | ||
| 2024 | $2.81B | +17.4% | +$415.00M | ||
| 2023 | $2.39B | +10.9% | +$235.00M | ||
| 2022 | $2.15B | +9.2% | +$182.00M | ||
| 2021 | $1.97B | -13.1% | −$297.00M | ||
| 2020 | $2.27B | -26.4% | −$813.00M | ||
| 2019 | $3.08B | -4.8% | −$155.00M | ||
| 2018 | $3.24B | +3.4% | +$105.00M | ||
| 2017 | $3.13B | +7.3% | +$213.00M | ||
| 2016 | $2.92B | -17.4% | −$613.00M | ||
| 2015 | $3.53B | -3.8% | −$141.00M | ||
| 2014 | $3.67B | -12.8% | −$538.00M | ||
| 2013 | $4.21B | +35.7% | +$1.11B | ||
| 2012 | $3.10B | +24.8% | +$618.00M | ||
| 2011 | $2.49B | +55.7% | +$890.00M | ||
| 2010 | $1.60B | +30.4% | +$372.00M | ||
| 2009 | $1.23B | -13.6% | −$193.00M | ||
| 2008 | $1.42B | -15.8% | −$267.00M | ||
| 2007 | $1.69B | +20.9% | +$291.00M | ||
| 2006 | $1.39B | +71.9% | +$583.00M | ||
| 2005 | $811.00M | +10.5% | +$77.00M | ||
| 2004 | $734.00M | -4.8% | −$37.00M | ||
| 2003 | $771.00M | +19.0% | +$123.00M | ||
| 2002 | $648.00M | +14.7% | +$83.00M | ||
| 2001 | $565.00M | +22.8% | +$105.00M | ||
| 2000 | $460.00M | +44.7% | +$142.00M | ||
| 1999 | $318.00M | +4.6% | +$14.00M | ||
| 1998 | $304.00M | -1.9% | −$6.00M | ||
| 1997 | $310.00M | -13.9% | −$50.00M | ||
| 1996 | $360.00M | -10.6% | −$42.80M | ||
| 1995 | $402.80M | — | — |
- 2025$4.03B+43.7%
- 2024$2.81B+17.4%
- 2023$2.39B+10.9%
- 2022$2.15B+9.2%
- 2021$1.97B-13.1%
- 2020$2.27B-26.4%
- 2019$3.08B-4.8%
- 2018$3.24B+3.4%
- 2017$3.13B+7.3%
- 2016$2.92B-17.4%
- 2015$3.53B-3.8%
- 2014$3.67B-12.8%
- 2013$4.21B+35.7%
- 2012$3.10B+24.8%
- 2011$2.49B+55.7%
- 2010$1.60B+30.4%
- 2009$1.23B-13.6%
- 2008$1.42B-15.8%
- 2007$1.69B+20.9%
- 2006$1.39B+71.9%
- 2005$811.00M+10.5%
- 2004$734.00M-4.8%
- 2003$771.00M+19.0%
- 2002$648.00M+14.7%
- 2001$565.00M+22.8%
- 2000$460.00M+44.7%
- 1999$318.00M+4.6%
- 1998$304.00M-1.9%
- 1997$310.00M-13.9%
- 1996$360.00M-10.6%
- 1995$402.80M—
CapEx values are taken from PPL's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at PPL (PPL)
According to PPL's latest reported financial statements, the company's current CapEx (TTM) is $4.29B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of PPL (PPL) CapEx is $4.03B – surged 43.7% year-over-year.
PPL CapEx has grown for 4 consecutive years, with a +12.2% compound annual growth rate over 2020–2025 (5 years).
PPL CapEx peaked at $4.21B in 2013; the latest annual figure is $4.03B in 2025 (4.3% below peak).
Across the available history, CapEx reached its high of $4.21B in 2013 and its low of $304.00M in 1998.
PPL Capital Expenditures by Year
PPL Capital Expenditures 2025: $4.03B
PPL posted CapEx of $4.03B in 2025, surged 43.7% from 2024.
PPL Capital Expenditures 2024: $2.81B
In 2024, PPL reported CapEx of $2.81B, grew 17.4% from 2023.
PPL Capital Expenditures 2023: $2.39B
PPL CapEx in 2023 was $2.39B, grew 10.9% from 2022.
PPL Capital Expenditures 2022: $2.15B
2022's CapEx for PPL came in at $2.15B, grew 9.2% from 2021.
PPL Capital Expenditures 2021: $1.97B
PPL CapEx in 2021 was $1.97B.
See more financial history for PPL (PPL).
Sector peers by CapEx
Utilities peers of PPL (PPL), ranked by their latest CapEx
| $14.02B | |
| $13.39B | |
| $12.64B | |
| $10.61B | |
| $9.27B | |
| $2.95B | |
| $1.28B | |
| $130.00M |
- $14.02B
- $13.39B
- $12.64B
- $10.61B
- $9.27B
- $1.28B
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