Investor relations AI for earnings prep: every analyst answer cited to the filing and checked against everything you have said before
Consistent, cited answers for every analyst call.
See one case, screen by screen ↓Between earnings calls, an investor relations team answers the same analyst questions again and again — the capital plan, earnings guidance, rate base growth, the dividend, equity needs, storm costs, data-centre load — and builds a Q&A book of 40–60 likely questions for the CEO and CFO. Every answer has to use the figure the company has already published, in the words it already used. Today that means searching call transcripts, quarterly reports and Investor Day decks by hand, one question at a time.
The risk is in the small differences. A range said as a point — “about 8%” when the CFO said “7 to 8%” — can be heard as a raise and turn into an analyst note. A number lifted from a draft regulatory filing is material non-public information, and Regulation FD forbids giving it to analysts before the public has it. With utility capital plans this large, funded by new equity and debt, each new figure is one more chance for one call to say something different from the last.
Estimated split for one quarter's Q&A book of about 50 questions, in working days, by hand and with the solution.
Six agents find the figure, write the sentence and check it against everything said before; IR sends and the CFO signs the book.
Lumina Utilities serves 2.1 million electricity and 640,000 water customers and reports its third quarter on Thursday 29 October 2026 — release at 07:00, call at 10:00. Today is Tuesday 13 October; the quiet period started on 1 October. Nadia Okafor has 14 analyst questions open, and the Q&A book is due to the CFO on 22 October. Here is her morning, screen by screen, in the working solution.
Dana Whitcomb of Kestrel Capital asks a simple one, and two other analysts have asked the same. The answer opens with the figure set large — $14.2B for the five-year plan, 2026–2030, $2.9B of it in 2026 — and the sentence ready to send, in the words of the CFO, Marcus Feld, on the Q2 call. Under it, the said-before line shows every public statement of the plan: $13.6B in the 2025 annual report, raised to $14.2B at Investor Day on 10 March, and the same on the Q1 call, the Q2 report and the Q2 call.
“Consistent with the Q2 call · 30 Jul 2026” · 6 public statements read · raised once, at Investor Day
The answer agent read 41 figures in 332 public documents and kept two sources: the Q2 2026 earnings call transcript, page 6, and the Q2 2026 quarterly report, page 38. One click opens the transcript at the highlighted sentence, with the figures read on that page and every answer that cites it. The filing reader had read the transcript within 4 minutes of its release.
“5.8 s · 6 statements checked · every figure cited to the page”
The reply to Dana carries the sentence, the source — Q2 2026 earnings call transcript, page 6, on the investor website — and, because the plan is forward-looking, the safe-harbour sentence. Joel Hart of Fenwick Grant and Ana Ruiz of Bayview Partners asked the same, so Nadia can reply to all three with one answer. Nothing goes until she presses Send.
“Logged to the disclosure record with its sources”
Raj Menon of Harbourline Securities asks whether rate base growth is still about 8% a year. Leah Duarte's draft says it is. The consistency checker read three earlier statements — Investor Day, the Q1 call, the Q2 call — and every one said 7–8%. The last node on the said-before line turns red, and Copy and Insert in reply stay off until the wording is fixed.
“‘About 8%’ reads as the top of the range: analysts will hear a raise”
One click rewrites the draft in the published words: “We expect rate base to grow 7 to 8% a year through 2030, from $21.4 billion at the end of 2025.” The verdict turns to “Consistent with the Q2 call”, and the disclosure checks now read “Wording now matches the Q2 call”. The checker proposes the wording; it never changes a figure itself.
“Draft now uses the Q2 call wording: ‘7 to 8%’”
Elise Tran of Northpier Research asks what the Storm Ilse ice storm cost to restore. The draft answer says $412.6 million — a figure that sits only in draft 3 of the cost recovery filing, due to be filed with the Westmark PSC on 14 November. The guard holds it and offers the only public figure: $380–430 million, from the news release of 6 October, page 1. Releasing the exact figure needs the General Counsel, Owen Pratt.
“Exact figure from an internal draft: material, not yet public”
Tom Lindqvist of Copperfield & Ames asks how many GW of data-centre load are signed. The Q1 call said 1.9 GW and the Q2 call 2.4 GW; the news release of 7 October says 3.1 GW. The answer uses the latest public figure and names the earlier one: “up from the 2.4 GW we reported on the Q2 call.”
“Uses the latest public figure, and names the change”
The script checker reads Marcus Feld's prepared remarks sentence by sentence against the record. Three notes need a fix: “about 8% a year” differs from the Q2 call; “$412.6 million” is not public yet; and operating EPS of $0.98 is a non-GAAP figure without its GAAP figure and reconciliation reference. Three more confirm the EPS range, the capital plan and the 3.1 GW update. Nothing changes until someone accepts it.
“Notes sit in the margin; nothing is changed until you accept it.”
The prep book builder predicted 52 questions from 17 analysts' history, 9 peer utility calls and this quarter's news — Storm Ilse, large load, rulemaking — grouped by topic, each with its speaker: Marcus Feld or the CEO, Andrea Solís. 50 are answered from the record, 3 were fixed to the published wording, 1 is updated and says so, and 2 are held with the public range used.
“Held as not public · public range used; cleared by Owen Pratt”
Nadia has prepared it and Owen Pratt has cleared the two holds. Marcus reviews the summary — every answer checked against earlier statements, no figure that is not public, holds cleared by the General Counsel — and signs as Marcus Feld. The signature is logged.
“52 questions · 50 answered from the record · 3 fixed to the published wording · 2 held, with the public range used”
The same Q3 call, seen by the five people who prepare it — what their quarter looked like, and what it looks like now.
Six agents find the figure, write the sentence and check it against everything said before; IR sends and the CFO signs the book.
Reads every annual and quarterly report, call transcript, investor presentation and news release, and records each figure with its sentence, speaker, page and date.
Turns an analyst question into the figure and one sentence in the company's published words, preferring the CFO's or CEO's words on the last call, with the source pages.
Lines up every earlier public statement of the same figure by date and marks the answer the same, updated or in conflict. A range is said exactly as published; a changed figure names the earlier one.
Confirms every figure in an answer was public before now, blocks comment on the unreported quarter in the quiet period, gives non-GAAP figures their GAAP figure and reconciliation page, and adds the safe-harbour line.
Predicts the questions analysts are likely to ask on the call from their history, peer calls and the quarter's news, drafts each answer through the checks and assigns a speaker.
Reads the call script and release drafts sentence by sentence against the record and writes a margin note, with its source, on every figure.
Signs the Q&A book; the General Counsel releases held figures. The agents propose; a named person decides.
Ask about any figure, call or filing, or say what to prepare for the next call. Every answer points to the page it came from.
What did Marcus say about equity on the Q2 call?
On the Q2 call Marcus said equity needs are about $1.1 billion through 2028, with no block equity. The Q2 quarterly report adds that $310 million has been issued under the at-the-market programme. Both sit inside the $1.0–1.2B range from Investor Day.
Which answers in the Q&A book changed since the Q2 call?
Four. Three were fixed to the wording we published: rate base growth is “7 to 8%”, not “about 8%”, and operating EPS now carries its GAAP figure. One was updated: large-load signings are 3.1 GW, up from 2.4 GW.
Draft a reply to Dana Whitcomb on capex
Here it is, in Marcus's words from the Q2 call: “We reaffirmed our five-year capital plan of $14.2 billion for 2026 through 2030, including $2.9 billion in 2026.” It is consistent with every statement since Investor Day. The reply is open for you to send.
Is the Storm Ilse cost public yet?
Only as a range: $380 million to $430 million, in the news release of 6 October. The $412.6M total is in the draft recovery filing, due 14 November, and is not public. Until it is filed, every answer uses the range.
13 screens from the working solution, on its sample data. Pick one to see it large.
The disclosure rules, the quiet-period calendar, who signs and how figures are worded are settings, chosen by investor relations and the disclosure committee. Turning a rule off tells the disclosure committee.
| Setting | Default | Choose from |
|---|---|---|
| Answer only from published documents | On | On · Off — drafts and internal papers are read by the guard, never quoted |
| Check every answer against earlier statements | On | On · Off — all public events since 2019 |
| Hold any figure not yet public | On | On · Off — only the General Counsel can release it |
| Non-GAAP figures carry their GAAP figure | On | On · Off — with the reconciliation page |
| Add the safe-harbour line to forward-looking answers | On | On · Off — the safe-harbour sentence is your own text |
| Quiet period starts | 1 Oct 2026 | Any date — no comment on the unreported quarter; results release, earnings call and Q&A book due date set beside it |
| Signs the Q&A book · releases a held figure | Marcus Feld, CFO · Owen Pratt, General Counsel | Named people — replies sent by Nadia Okafor and Leah Duarte; call script reviewed by Sofia Brandt |
| Ranges are said exactly as published | On | On · Off — never narrowed to a point; an updated figure names the earlier one |
Every figure is labelled: a target the solution is built to, an estimate, a typical published result, or a proven one.
“demo” = seen in the working solution, on its sample data · “target” = the design goal, measured in the live solution · “estimated” = our estimate from an IR team's quarter (the Q&A book and the split of its days) · “typical” = published figures: SEC v. AT&T Inc., settled 2022, $6.25M civil penalty. Regulatory context: Regulation FD, 17 CFR 243.100–103; Regulation G and Item 10(e) of Regulation S-K (non-GAAP). Lumina Utilities, the analysts and their firms, the people, documents and figures named on this page are fictional — characters and sample data in the working solution.
Software that answers analyst and investor questions from a company's own published filings and helps the IR team prepare for each earnings call. Investor Relations Q&A answers each question with the figure, a sentence in the company's published words and the page it came from, checks it against everything said before, and builds the quarter's Q&A book for the CFO to sign.
The filing reader records every figure in the published reports, transcripts, presentations and releases with its sentence, speaker, page and date. The answer agent finds the latest public statement of the figure asked about and writes one sentence in the published wording, preferring the CFO's or CEO's words on the last call. In the sample, the capex answer took 5.8 seconds, with two sources cited to the page.
The consistency checker lines up every earlier public statement of the same figure and marks the answer the same, updated or in conflict. In the sample, a draft saying rate base grows “about 8%” was flagged because the Q2 call said “7 to 8%”, and one click replaced it with the published wording. An updated figure, such as large-load signings at 3.1 GW, names the earlier 2.4 GW.
The disclosure guard confirms that every figure in an answer was public before now and holds any figure that appears only in a draft or internal paper, offering the published figure instead. Only the General Counsel can release a held figure. In the quiet period it blocks comment on the unreported quarter. Your disclosure committee still owns the judgement on what is material.
The prep book builder predicts likely questions from each analyst's history, peer utility calls and the quarter's news, answers each through the same checks and assigns a speaker. The sample Q3 book has 52 questions: 50 answered from the record, 3 fixed to the published wording, 1 updated and 2 held with the public range used. The CFO signs it.
Yes. A non-GAAP figure such as operating EPS is given its GAAP figure and the reconciliation page, and forward-looking answers carry your safe-harbour sentence. The script checker reads the CFO's prepared remarks sentence by sentence against the record and writes margin notes; it never edits the script.
Yes. Agents never send anything to an analyst and never release a held figure. Investor relations sends each reply, the General Counsel clears holds, the CFO signs the Q&A book, and every reply sent is logged with its sources.
The Agentic Solution Engine builds and deploys it from your requirements and documents — your disclosure policy, your published reports, call transcripts and presentations, and a sample of past analyst questions — and it goes live once every quality gate has passed. We will walk you through it on your own filings first.
Pay for the work done, at the contracted rate.
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