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Access earnings results, analyst expectations, report, slides, earnings call, and transcript.
The earnings call summary and Q&A indicate strong financial metrics, reaffirmed guidance, and strategic investments, which are positive indicators. The Q&A reveals confidence in achieving legislative outcomes, undergrounding progress, and credit rating improvements, though some uncertainty in policy reforms. The overall sentiment is positive with a slight caution due to management's vague responses on certain reforms.
The earnings call summary highlights strong financial performance and optimistic guidance, with reaffirmed EPS growth and a focus on affordability. The Q&A session reveals a proactive approach to legislative solutions and cost management, though some management responses lack clarity. Overall, the positive financial outlook and strategic initiatives outweigh the uncertainties, suggesting a positive stock price movement.
The earnings call presents a mixed picture: while there is strong EPS growth guidance, cost reductions, and potential customer savings, there are concerns about declining ROE, supply chain challenges, and safety culture issues. The Q&A session highlights management's confidence in legislative outcomes and capital plans but lacks specific details on critical issues like AB 1054 and cost of capital. The increase in dividends and capital investment plans are positive, but the equity issuance and lower EPS impact sentiment. Overall, the mixed factors suggest a neutral stock price movement.
All transcripts are sourced directly from the official live webcast or the company’s official investor relations website. We use the exact words spoken during the call with no paraphrasing of the core discussion.
Full verbatim transcripts are typically published within 4–12 hours after the call ends. Same-day availability is guaranteed for all S&P 500 and most mid-cap companies.
No material content is ever changed or summarized in the “Full Transcript” section. We only correct obvious spoken typos (e.g., “um”, “ah”, repeated 10 times”, or clear misspoken ticker symbols) and add speaker names/titles for readability. Every substantive sentence remains 100% as spoken.
When audio quality is poor or multiple speakers talk over each other, we mark the section instead of guessing. This ensures complete accuracy rather than introducing potential errors.
They are generated by a specialized financial-language model trained exclusively on 15+ years of earnings transcripts. The model extracts financial figures, guidance, and tone with 97%+ accuracy and is regularly validated against human analysts. The full raw transcript always remains available for verification.