Capital Expenditures for PPL (PPL)
According to PPL's latest reported financial statements, the company's current capital expenditures (TTM) is $4.03B USD. 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 .
PPL
Currently viewingCapital ExpendituresSwitch metric
Latest period
$4.03B
YoY change
+43.7%
5Y CAGR
+12.2%
Peak year (2013)
$4.21B
Cumulative capital expenditures
$58.01B
CapEx history chart for PPL (PPL) from 1995 to 2025
CapEx history table for PPL (PPL) from 1995 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of PPL (PPL) capital expenditures is $4.03B – surged 43.7% year-over-year.
PPL capital expenditures has grown for 4 consecutive years, with a +12.2% compound annual growth rate over 2020–2025 (5 years).
PPL capital expenditures peaked at $4.21B in 2013; the latest annual figure is $4.03B in 2025 (4.3% below peak).
Across the available history, capital expenditures reached its high of $4.21B in 2013 and its low of $304.00M in 1998.
Within Utilities, PPL (PPL) ranks 6th among 8 peers we track. The peer median for capital expenditures is $9.94B.
PPL Capital Expenditures by Year
PPL Capital Expenditures 2025: $4.03B
PPL capital expenditures in 2025 was $4.03B, surged 43.7% from 2024.
PPL Capital Expenditures 2024: $2.81B
PPL capital expenditures in 2024 was $2.81B, grew 17.4% from 2023.
PPL Capital Expenditures 2023: $2.39B
PPL capital expenditures in 2023 was $2.39B, grew 10.9% from 2022.
PPL Capital Expenditures 2022: $2.15B
PPL capital expenditures in 2022 was $2.15B, grew 9.2% from 2021.
PPL Capital Expenditures 2021: $1.97B
PPL capital expenditures in 2021 was $1.97B.
See more financial history for PPL (PPL).
Sector peers — CapEx
Companies in the same sector as PPL, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $14.02B | Utilities |
| The Southern Company (SO) | $13.39B | Utilities |
| Dominion Energy, Inc. (D) | $12.64B | Utilities |
| Sempra (SRE) | $10.61B | Utilities |
| NextEra Energy, Inc. (NEE) | $9.27B | Utilities |
| Constellation Energy Corporation (CEG) | $2.95B | Utilities |
| GE Vernova Inc. (GEV) | $1.28B | Utilities |
| American Electric Power Company, Inc. (AEP) | $130.00M | Utilities |
Frequently asked questions
What is PPL's capital expenditures?
- Latest reported capital expenditures for PPL (PPL) is $4.03B (period ending December 31, 2025).
How has PPL capital expenditures changed year-over-year?
- PPL (PPL) capital expenditures changed +43.7% year-over-year on the latest annual filing.
What is the long-term growth rate of PPL capital expenditures?
- PPL (PPL) capital expenditures compound annual growth rate is +12.2% over the most recent 5 years available.
When did PPL capital expenditures hit its highest annual value?
- PPL capital expenditures reached its highest annual value of $4.21B in 2013.
What was PPL capital expenditures in 2024?
- PPL (PPL) capital expenditures in 2024 was $2.81B.
What was PPL capital expenditures in 2025?
- PPL (PPL) capital expenditures in 2025 was $4.03B.
Metrics overview
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