Question Bank › Physical throughput records at the operating lev

Physical throughput records at the operating level, told in operating units

Calls Tested
500
Answered YES
23
Hit Rate
4.6%
rare by design

Western Midstream Partners, LP (WES) — this company's answers

NO on the Q3 2018 call 2018-10-31 D
The model's full reasoning — Q3 2018 call → NO我们根据提供的财报电话会议记录来回答问题。问题问的是:管理层是否报告公司的物理或运营产出(如单位产量、运输量等)刚刚达到公司历史上的最高水平或明显超过之前的运营范围,并且管理层是否将这些具体运营数量或里程碑在近期实现,并表明产出预计将继续上升,因为背后的驱动因素(产能、客户或已承诺的工作)仍在建设。回答YES或NO。 检查记录内容。电话会议中,管理层讨论了多个领域的增长,如特拉华盆地、DJ盆地、Marcellus等,但有没有提到“最高水平”或“创纪录”的措辞?我们来搜索关键词。 CEO Ben Fink说:“我们对我们季度业绩感到兴奋”,提到调整后EBITDA和可分配现金流,但没有明确说“创纪录”。他说“自然气吞吐量由特拉华盆地的强劲增长驱动”,提到Ramsey设施“运行在铭牌产能之上”,但这不一定代表历史最高水平。他还提到“继续看到DJ盆地体积增长”和“Marcellus体积增加”。但这里没有明确指出达到公司历史最高水平。 关于水服务,“我们继续看到对我们水服务的强劲需求”。然后提到“调整后毛利率每千立方英尺1.03美元”,这些是财务指标。没有具体的“最高产量”表述。 在问答环节,分析师Jeremy Tonet提到“2019年增长20%”,但那是未来预测。没有提到记录。 因此,记录中没有明确说“达到历史最高水平”或“明显超过之前运营范围”。虽然有许多增长描述,但都是相对的,没有具体基线和“最高”的说法。另外,问题还要求管理层的表述包含具体运营数量或里程碑,这里虽然有体积增长,但没有给出具体数字或与历史比较达到新高。所以答案应为NO。 确认一下:问题要求“管理层的言语传达这一现象:记录或阶梯式变化水平的实际物理活动”,但记录中并未出现这样的断言。因此回答NO。

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Show the exact prompt the model was given
Using ONLY the supplied earnings call transcript and no outside information: On this call, does management report that the company's PHYSICAL OR OPERATIONAL OUTPUT — units produced, shipped, delivered, installed, processed, treated, transported, opened, served, or performed, in whatever operating unit fits the industry — has JUST REACHED THE HIGHEST LEVEL IN THE COMPANY'S OWN HISTORY OR A CLEAR STEP ABOVE ITS PRIOR OPERATING RANGE, and does management BOTH ground this in specific operating quantities or milestones actually achieved in the recent period AND indicate that output is expected to continue rising from here because the drivers behind it (capacity, customers, or committed work already in place) are still building? Answer YES when management's own words convey this one phenomenon: a record or step-change level of real physical activity, described in operating terms rather than only in revenue or financial terms, achieved in the just-reported period, with management conveying — directly or plainly in substance — that this level is a waypoint rather than a peak because the same already-existing drivers continue. The output measure may take any form native to the business. Answer NO if the only records cited are financial (revenue, EPS, margins) with no operating quantity behind them. NO if the record output is attributed by management chiefly to a one-time event, catch-up, pull-forward, or condition it expects to unwind. NO if management presents the level as a peak, describes output flattening or declining, or hedges that it cannot be sustained. NO if higher output is only forecast or targeted rather than already achieved. NO if the record framing appears only in an analyst's summary that management does not itself state. Use only the supplied transcript. Answer only YES or NO.

Companies that answered YES

TickerCompanyCallDateCall grade
CRGO Freightos Limited Q1 2024 2024-05-20 C+
PBR Petróleo Brasileiro S.A. - Petrobras Q4 2023 2024-03-08 D
MNKD MannKind Corporation Q4 2023 2024-02-27 C
DXCM DexCom, Inc. Q4 2023 2024-02-08 B+
GPRE Green Plains Inc. Q4 2023 2024-02-07 F
AKYA Akoya Biosciences, Inc. Q2 2023 2023-08-07 C+
ET Energy Transfer LP Q2 2023 2023-08-02 C+
BRX Brixmor Property Group Inc. Q1 2023 2023-05-02 A
BKH Black Hills Corporation Q4 2022 2023-02-08 D
SIBN SI-BONE, Inc. Q3 2022 2022-11-07 C+
EXFY Expensify, Inc. Q2 2022 2022-08-12 D
EVGO EVgo, Inc. Q2 2022 2022-08-09 C+
CCRN Cross Country Healthcare, Inc. Q1 2022 2022-05-04 B
ZH Zhihu Inc. Q3 2021 2021-11-22 D
RNW ReNew Energy Global Plc Q2 2022 2021-11-18 C
OWL Blue Owl Capital Inc. Q2 2021 2021-08-10 B+
OGE OGE Energy Corp. Q3 2018 2018-11-08 A
CP Canadian Pacific Railway Limited Q2 2018 2018-07-19 B+
HOLX Hologic, Inc. Q4 2017 2017-11-08 D
CCOI Cogent Communications Holdings, Inc. Q2 2017 2017-08-03 B
ABR Arbor Realty Trust, Inc. Q4 2016 2017-03-03 B+
GOGO Gogo Inc. Q1 2016 2016-05-06 C+
HD The Home Depot, Inc. Q4 2015 2016-02-23 A

How the model reasoned

SIBN · Q3 2022 → YESThe question is about whether management reports that the company's physical or operational output has just reached the highest level in the company's history or a clear step above its prior operating...YES The transcript explicitly states "25% growth in procedure volumes versus the prior year period" and "record active surgeon base of over 800 surgeons," framing these as achieved milestones in the just-reported quarter. Management ties the growth to ongoing demand drivers ("continued acceleration in procedure demand"), indicating the level is a waypoint rather than a peak, with output expected to continue rising as the same drivers persist. This constitutes a clear step above prior operating range in physical activity (procedures performed), grounded in recent operating quantities and sustained by building capacity/customers.
BRX · Q1 2023 → YESThe question is about whether management reports that the company's PHYSICAL OR OPERATIONAL OUTPUT has just reached the highest level in the company's history or a clear step above its prior operating...NO The transcript shows management highlighting record occupancy levels (94% overall and 89.3% for small shops) as well as leasing activity and signed leases, but these are framed as utilization or pipeline metrics rather than a record level of physical output such as units produced, shipped, delivered, opened, or performed.
CRGO · Q1 2024 → YESThe question is about whether management reports that the company's physical or operational output has just reached the highest level in the company's history or a clear step above its prior operating...

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Not investment advice. Artul.ai publishes AI-generated earnings-call quality grades and expected-volatility estimates — never buy or sell recommendations. We tested over 1,600 predictive hypotheses against 165,000 transcripts; the honest result, including what failed, is documented in our methodology.