Utilities · CIK 0000922224

PPL PPL Corporation

Little or no relationship

PPL Corporation showed little relationship between MD&A tone and quarterly net income.

Relationship strength (, primary)

0.16

Sample

14 quarterly observations

More established sample

Multiple-testing check

Does not remain notable after adjusting for hundreds of tests. Why?

Pearson (secondary): -0.07 Why show both?

The analysis measures a same-filing relationship, not a forecast. Limitations

Tone vs earnings change

Each dot represents one 10-Q filing. Points farther right have more positive MD&A tone. Points higher on the chart had stronger year-over-year net income growth, after extreme percent changes are capped. Upper-right and lower-left points indicate tone and earnings moving in the same direction. How to read this chart

Direction agreement

Tone and earnings moved in the same direction in 4 of 5 comparable quarters.

4 / 5 direction agreement

How is agreement calculated?

Statistical details (Pearson, p-values, q, confidence interval)

Spearman ρ (exact)	0.156 (p=0.594)
Pearson r	-0.066 (p=0.823)
95% CI (Pearson)	[-0.58, 0.48]
FDR q	0.901
Sample size (n)	14 · More established sample
Agreement	4 / 5 (4 / 5)

Revenue analysis (secondary metric)

Secondary to net income because revenue concepts are less comparable across some industries.

Relationship

Little or no relationship

Spearman

-0.04

Pearson

0.03

Sample

14 quarterly observations

Annual 10-K analysis (secondary analysis)

Annual samples are shorter and are not mixed into the default quarterly board.

Relationship

Relationship not available

Spearman

n/a

Pearson

n/a

Sample

no annual observations

Filing history

Tone shown to three decimals so small nonzero values stay visible.

Quarterly (10-Q)

Date	Form	Tone	Net income YoY	Revenue YoY
Aug 7, 2026	10-Q	+0.067	n/a	n/a
May 8, 2026	10-Q	+0.054	+9.2%	+9.4%
Nov 5, 2025	10-Q	+0.100	+48.6%	+7.7%
Jul 31, 2025	10-Q	+0.061	-3.7%	+8.9%
Apr 30, 2025	10-Q	+0.066	+34.9%	+10.5%
Nov 1, 2024	10-Q	+0.040	-7.0%	+1.9%
Aug 2, 2024	10-Q	+0.053	+69.6%	+2.9%
May 1, 2024	10-Q	-0.020	+7.7%	-5.9%
Nov 2, 2023	10-Q	-0.043	+32.2%	-6.4%
Aug 4, 2023	10-Q	-0.031	-5.9%	+10.4%
May 4, 2023	10-Q	+0.019	+4.4%	+40.0%
Nov 4, 2022	10-Q	+0.009	-15.9%	+42.6%
Aug 3, 2022	10-Q	+0.010	+526.3%	+26.7%
May 5, 2022	10-Q	+0.011	+114.8%	+15.3%
Nov 4, 2021	10-Q	+0.027	-26.3%	+9.5%

Annual (10-K)

Date	Form	Tone	Net income YoY	Revenue YoY
Feb 20, 2026	10-K	+0.064	n/a	n/a
Feb 13, 2025	10-K	+0.021	n/a	n/a
Feb 16, 2024	10-K	-0.003	n/a	n/a
Feb 17, 2023	10-K	+0.053	n/a	n/a
Feb 18, 2022	10-K	+0.016	n/a	n/a