Subtext

Sempra SRE

SectorUtilities
Transcripts69
Date range2008-02-27 – 2025-05-08
Calls charted69

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-18-9+0+9+182007 Q42010 Q12012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42007 Q4 · Overall: -2.32008 Q1 · Overall: -2.32008 Q2 · Overall: +5.32008 Q3 · Overall: +0.42008 Q4 · Overall: +1.32009 Q1 · Overall: +0.82009 Q2 · Overall: -2.12009 Q3 · Overall: +4.42009 Q4 · Overall: +0.92010 Q1 · Overall: -6.32010 Q2 · Overall: -1.62010 Q4 · Overall: -0.32011 Q1 · Overall: +2.92011 Q2 · Overall: +6.42011 Q3 · Overall: +1.52011 Q4 · Overall: +3.32012 Q1 · Overall: -0.22012 Q2 · Overall: +3.02012 Q3 · Overall: -2.22012 Q4 · Overall: -0.72013 Q1 · Overall: -0.82013 Q2 · Overall: +4.22013 Q3 · Overall: +1.42013 Q4 · Overall: +6.22014 Q1 · Overall: +5.22014 Q2 · Overall: +6.82014 Q3 · Overall: +7.62014 Q4 · Overall: +7.22015 Q1 · Overall: +7.82015 Q2 · Overall: +11.02015 Q3 · Overall: +6.32015 Q4 · Overall: +1.22016 Q1 · Overall: -0.42016 Q2 · Overall: +3.02016 Q3 · Overall: -1.32016 Q4 · Overall: +5.72017 Q1 · Overall: +2.42017 Q2 · Overall: +4.42017 Q3 · Overall: +0.32017 Q4 · Overall: +9.32018 Q1 · Overall: -0.82018 Q2 · Overall: +5.72018 Q3 · Overall: +5.82018 Q4 · Overall: +7.22019 Q1 · Overall: +2.52019 Q2 · Overall: +3.92019 Q3 · Overall: +5.92019 Q4 · Overall: +8.62020 Q1 · Overall: +5.02020 Q2 · Overall: +9.72020 Q3 · Overall: +7.42020 Q4 · Overall: +5.72021 Q1 · Overall: +8.12021 Q2 · Overall: +7.62021 Q3 · Overall: +10.82021 Q4 · Overall: +12.92022 Q1 · Overall: +9.02022 Q2 · Overall: +10.42022 Q3 · Overall: +12.72022 Q4 · Overall: +14.52023 Q1 · Overall: +15.92023 Q2 · Overall: +14.52023 Q3 · Overall: +11.82023 Q4 · Overall: +12.02024 Q1 · Overall: +8.02024 Q2 · Overall: +12.02024 Q3 · Overall: +9.82024 Q4 · Overall: +6.62025 Q1 · Overall: +10.0
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-29-15+0+15+292007 Q42010 Q12012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42007 Q4 · CEO: +2.52008 Q1 · CEO: +2.52008 Q2 · CEO: +9.32008 Q3 · CEO: +6.82008 Q4 · CEO: +8.72009 Q1 · CEO: +4.12009 Q2 · CEO: +1.02009 Q3 · CEO: +7.32009 Q4 · CEO: +5.32010 Q1 · CEO: -6.72010 Q2 · CEO: +3.32010 Q4 · CEO: +2.42011 Q1 · CEO: +4.82011 Q2 · CEO: +8.12011 Q3 · CEO: +4.82011 Q4 · CEO: +7.02012 Q1 · CEO: +4.62012 Q2 · CEO: +3.42012 Q3 · CEO: +4.02012 Q4 · CEO: +3.12013 Q1 · CEO: +2.22013 Q2 · CEO: +6.92013 Q3 · CEO: +7.22013 Q4 · CEO: +10.92014 Q1 · CEO: +7.32014 Q2 · CEO: +8.12014 Q3 · CEO: +11.52014 Q4 · CEO: +10.62015 Q1 · CEO: +11.92015 Q2 · CEO: +5.92015 Q3 · CEO: +8.72015 Q4 · CEO: +3.02016 Q1 · CEO: +1.42016 Q2 · CEO: +6.52016 Q3 · CEO: -2.32016 Q4 · CEO: +9.22017 Q1 · CEO: +7.32017 Q2 · CEO: +9.62017 Q3 · CEO: +2.52017 Q4 · CEO: +14.32018 Q1 · CEO: +1.52018 Q2 · CEO: +10.32018 Q3 · CEO: +8.12018 Q4 · CEO: +9.42019 Q1 · CEO: +3.52019 Q2 · CEO: +7.82019 Q4 · CEO: +13.82020 Q1 · CEO: +14.82020 Q2 · CEO: +13.12020 Q3 · CEO: +9.52020 Q4 · CEO: +3.92021 Q1 · CEO: +10.82021 Q2 · CEO: +10.52021 Q3 · CEO: +12.12021 Q4 · CEO: +14.22022 Q1 · CEO: +12.62022 Q2 · CEO: +11.72022 Q3 · CEO: +16.42022 Q4 · CEO: +19.82023 Q1 · CEO: +17.32023 Q2 · CEO: +18.02023 Q3 · CEO: +12.82023 Q4 · CEO: +12.42024 Q2 · CEO: +12.82024 Q3 · CEO: +14.62024 Q4 · CEO: +10.32025 Q1 · CEO: +13.72008 Q4 · CFO: +1.32009 Q1 · CFO: -3.32009 Q2 · CFO: +0.52009 Q3 · CFO: +6.52009 Q4 · CFO: +1.82010 Q1 · CFO: -14.72010 Q2 · CFO: -5.32010 Q4 · CFO: +1.62011 Q1 · CFO: +0.02011 Q2 · CFO: +11.12011 Q3 · CFO: +4.12011 Q4 · CFO: +0.82012 Q1 · CFO: -5.62012 Q2 · CFO: +2.32012 Q3 · CFO: -4.12012 Q4 · CFO: +3.52013 Q1 · CFO: -3.12013 Q2 · CFO: -1.62013 Q3 · CFO: -2.72013 Q4 · CFO: +8.02014 Q1 · CFO: +0.62014 Q2 · CFO: +9.12014 Q3 · CFO: +7.62014 Q4 · CFO: +0.82015 Q2 · CFO: +14.82015 Q3 · CFO: +7.02015 Q4 · CFO: +5.72016 Q1 · CFO: -8.72016 Q2 · CFO: +3.42016 Q3 · CFO: +4.72016 Q4 · CFO: +6.62017 Q1 · CFO: +9.52017 Q2 · CFO: +3.92017 Q3 · CFO: +0.02017 Q4 · CFO: +5.02018 Q1 · CFO: -10.12018 Q2 · CFO: -3.42018 Q3 · CFO: -13.42018 Q4 · CFO: +20.62019 Q1 · CFO: +11.92019 Q2 · CFO: -2.22019 Q3 · CFO: +10.82019 Q4 · CFO: +11.62020 Q1 · CFO: +10.32020 Q2 · CFO: +6.62020 Q3 · CFO: +8.22020 Q4 · CFO: +16.32021 Q1 · CFO: +15.52021 Q2 · CFO: +17.22021 Q3 · CFO: +5.32021 Q4 · CFO: +18.02022 Q1 · CFO: +7.32022 Q2 · CFO: +15.52022 Q3 · CFO: +14.12022 Q4 · CFO: +10.42023 Q1 · CFO: +25.32023 Q2 · CFO: +15.32023 Q3 · CFO: +17.62023 Q4 · CFO: +22.82024 Q2 · CFO: +19.12024 Q3 · CFO: +9.42024 Q4 · CFO: +8.52025 Q1 · CFO: +8.8
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-30-15+0+15+302007 Q42010 Q12012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42007 Q4 · Prepared remarks: -1.32008 Q1 · Prepared remarks: -1.32008 Q2 · Prepared remarks: +7.92008 Q3 · Prepared remarks: +1.92008 Q4 · Prepared remarks: +3.12009 Q1 · Prepared remarks: -2.42009 Q2 · Prepared remarks: -0.42009 Q3 · Prepared remarks: +5.32009 Q4 · Prepared remarks: +0.32010 Q1 · Prepared remarks: -7.42010 Q2 · Prepared remarks: +0.02010 Q4 · Prepared remarks: +2.92011 Q1 · Prepared remarks: +2.52011 Q2 · Prepared remarks: +8.12011 Q3 · Prepared remarks: +8.12011 Q4 · Prepared remarks: +1.92012 Q1 · Prepared remarks: +0.02012 Q2 · Prepared remarks: +6.22012 Q3 · Prepared remarks: +0.82012 Q4 · Prepared remarks: +5.02013 Q1 · Prepared remarks: +1.02013 Q2 · Prepared remarks: +1.62013 Q3 · Prepared remarks: +2.62013 Q4 · Prepared remarks: +7.22014 Q1 · Prepared remarks: +4.72014 Q2 · Prepared remarks: +11.62014 Q3 · Prepared remarks: +7.62014 Q4 · Prepared remarks: +6.22015 Q1 · Prepared remarks: +9.92015 Q2 · Prepared remarks: +14.42015 Q3 · Prepared remarks: +6.72015 Q4 · Prepared remarks: +4.12016 Q1 · Prepared remarks: -0.32016 Q2 · Prepared remarks: +1.62016 Q3 · Prepared remarks: +1.52016 Q4 · Prepared remarks: +10.02017 Q1 · Prepared remarks: +7.82017 Q2 · Prepared remarks: +11.02017 Q3 · Prepared remarks: +0.42017 Q4 · Prepared remarks: +18.72018 Q1 · Prepared remarks: +2.02018 Q2 · Prepared remarks: +16.42018 Q3 · Prepared remarks: +19.02018 Q4 · Prepared remarks: +15.02019 Q1 · Prepared remarks: +11.82019 Q2 · Prepared remarks: +5.02019 Q3 · Prepared remarks: +11.52019 Q4 · Prepared remarks: +16.12020 Q1 · Prepared remarks: +11.72020 Q2 · Prepared remarks: +10.62020 Q3 · Prepared remarks: +17.02020 Q4 · Prepared remarks: +22.12021 Q1 · Prepared remarks: +8.32021 Q2 · Prepared remarks: +14.42021 Q3 · Prepared remarks: +11.12021 Q4 · Prepared remarks: +22.32022 Q1 · Prepared remarks: +8.42022 Q2 · Prepared remarks: +19.42022 Q3 · Prepared remarks: +11.32022 Q4 · Prepared remarks: +18.42023 Q1 · Prepared remarks: +23.02023 Q2 · Prepared remarks: +15.12023 Q3 · Prepared remarks: +17.42023 Q4 · Prepared remarks: +17.02024 Q1 · Prepared remarks: +25.92024 Q2 · Prepared remarks: +14.12024 Q3 · Prepared remarks: +11.82024 Q4 · Prepared remarks: +13.32025 Q1 · Prepared remarks: +10.22007 Q4 · Q&A responses: -2.92008 Q1 · Q&A responses: -2.92008 Q2 · Q&A responses: +5.72008 Q3 · Q&A responses: -3.12008 Q4 · Q&A responses: +5.62009 Q1 · Q&A responses: +3.22009 Q2 · Q&A responses: +1.02009 Q3 · Q&A responses: +7.72009 Q4 · Q&A responses: +6.92010 Q1 · Q&A responses: -3.32010 Q2 · Q&A responses: -0.22010 Q4 · Q&A responses: +0.02011 Q1 · Q&A responses: +4.62011 Q2 · Q&A responses: +9.22011 Q3 · Q&A responses: +3.32011 Q4 · Q&A responses: +6.22012 Q2 · Q&A responses: +2.82012 Q3 · Q&A responses: -0.62012 Q4 · Q&A responses: -1.92013 Q1 · Q&A responses: +0.62013 Q2 · Q&A responses: +9.92013 Q3 · Q&A responses: +4.72014 Q1 · Q&A responses: +6.52014 Q2 · Q&A responses: +8.62014 Q4 · Q&A responses: +8.22015 Q1 · Q&A responses: +7.62015 Q2 · Q&A responses: +11.92015 Q3 · Q&A responses: +8.22015 Q4 · Q&A responses: -4.22016 Q2 · Q&A responses: +5.42016 Q3 · Q&A responses: -2.02016 Q4 · Q&A responses: +5.42017 Q1 · Q&A responses: +5.42017 Q2 · Q&A responses: +1.12017 Q4 · Q&A responses: +6.92018 Q1 · Q&A responses: -1.22018 Q2 · Q&A responses: +5.22018 Q3 · Q&A responses: +2.92018 Q4 · Q&A responses: +7.12019 Q1 · Q&A responses: +1.62019 Q2 · Q&A responses: +6.42019 Q3 · Q&A responses: +3.22019 Q4 · Q&A responses: +7.62020 Q1 · Q&A responses: +4.02020 Q2 · Q&A responses: +13.12020 Q3 · Q&A responses: +7.02020 Q4 · Q&A responses: -1.62021 Q2 · Q&A responses: +8.92021 Q3 · Q&A responses: +11.12021 Q4 · Q&A responses: +11.02022 Q1 · Q&A responses: +12.62022 Q2 · Q&A responses: +9.32022 Q3 · Q&A responses: +17.92022 Q4 · Q&A responses: +14.32023 Q1 · Q&A responses: +15.62023 Q2 · Q&A responses: +17.62023 Q3 · Q&A responses: +9.42023 Q4 · Q&A responses: +5.82024 Q1 · Q&A responses: +13.22024 Q2 · Q&A responses: +13.12024 Q3 · Q&A responses: +13.92024 Q4 · Q&A responses: +5.32025 Q1 · Q&A responses: +13.0
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$2.05$3.66$5.282007 Q42010 Q12012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42014 Q1: $2.272014 Q2: $2.332014 Q3: $2.372014 Q4: $2.432015 Q1: $2.482015 Q2: $2.522015 Q3: $2.562015 Q4: $2.672016 Q1: $2.612016 Q2: $2.542016 Q3: $2.522016 Q4: $2.562017 Q1: $2.632017 Q2: $2.682017 Q3: $2.742017 Q4: $2.782018 Q1: $2.902018 Q2: $2.922018 Q3: $2.962018 Q4: $3.062019 Q1: $3.142019 Q2: $3.282019 Q3: $3.382019 Q4: $3.542020 Q1: $3.672020 Q2: $3.812020 Q3: $3.962020 Q4: $4.032021 Q1: $4.092021 Q2: $4.162021 Q3: $4.192021 Q4: $4.222022 Q1: $4.292022 Q2: $4.372022 Q3: $4.482022 Q4: $4.532023 Q1: $4.582023 Q2: $4.662023 Q3: $4.712023 Q4: $4.802024 Q1: $4.902024 Q2: $4.982024 Q3: $5.05

Forward P/E

13.2518.3223.392007 Q42010 Q12012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42014 Q1: 21.052014 Q2: 22.342014 Q3: 22.202014 Q4: 21.992015 Q1: 22.692015 Q2: 20.752015 Q3: 17.832015 Q4: 18.032016 Q1: 19.282016 Q2: 21.442016 Q3: 20.682016 Q4: 19.662017 Q1: 21.112017 Q2: 21.352017 Q3: 21.572017 Q4: 20.732018 Q1: 19.492018 Q2: 19.492018 Q3: 19.472018 Q4: 18.622019 Q1: 19.822019 Q2: 21.202019 Q3: 20.722019 Q4: 21.422020 Q1: 13.952020 Q2: 16.272020 Q3: 15.282020 Q4: 16.022021 Q1: 15.842021 Q2: 16.992021 Q3: 16.322021 Q4: 15.132022 Q1: 18.002022 Q2: 16.562022 Q3: 19.392022 Q4: 18.082023 Q1: 15.992023 Q2: 15.802023 Q3: 15.282023 Q4: 15.942024 Q1: 14.452024 Q2: 15.082024 Q3: 16.41

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q3 tone ↓ -4.7 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q4 tone ↓ -5.1 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↑ +3.4 fwd EPS ↓ -0.06 Tone rose while the forward EPS estimate was cut.
  • 2017 Q1 tone ↓ -3.3 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -4.1 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -10.0 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -4.8 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -3.5 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q3 tone ↓ -2.4 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -3.9 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -2.7 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -4.0 fwd EPS ↑ +0.10 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -2.2 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-08+10.0——View →
2024 Q42025-02-25+6.6——View →
2024 Q32024-11-06+9.8$5.0516.4View →
2024 Q22024-08-06+12.0$4.9815.1View →
2024 Q12024-05-07+8.0$4.9014.4View →
2023 Q42024-02-27+12.0$4.8015.9View →
2023 Q32023-11-03+11.8$4.7115.3View →
2023 Q22023-08-03+14.5$4.6615.8View →