Sector Sentiment · Energy (Discourse)

## What this measures

Mean `sentiment_score` across S&P 500 companies in the GICS Energy sector, trailing 90 days, one document per company per calendar quarter.

## Why it matters

Sector tone diverges long before sector earnings do. Read against the cross-sector mean (`discourse.sentiment`).

## How to read it

The score runs from 0 to 1; a rise means management language in Energy earnings calls has become more positive on balance, a fall more cautious or negative. Compare the level and direction to the all-sector mean to see whether Energy tone is leading or lagging broader sentiment. Sharp moves often precede changes in capital allocation or guidance.

## What it does not say

The score reflects language tone, not financial performance, analyst opinion or stock returns. It does not reveal which companies drove a change or whether optimism proves justified.

## Source

Palanor derives this series from earnings-call transcripts of S&P 500 Energy companies, applying natural-language scoring to management remarks. The underlying source is discourse.

## Revision — 2026-09-26

Universe updated to current S&P 500 constituents (8 out, 3 in). Out: Builders FirstSource, Molson Coors and The Trade Desk, which left the index on 21 September 2026; Electronic Arts, which was taken private and left on 5 August 2026; and MongoDB, Cloudflare, Snowflake and Zoom, which were never members and had been included in error since May 2026. In: Bloom Energy, Everpure and Illumina, which joined on 21 September 2026. Membership now comes from a dated constituent list refreshed monthly. The corrected list applies from 26 September 2026. Readings before that date are unchanged.