Spire Inc. - SR STOCK NEWS

Spire Inc. (NYSE: SR) is set to host a conference call and webcast on May 3, 2023, at 8:00 a.m. CT to discuss its fiscal 2023 second quarter results. Earnings will be announced prior to the market opening that day, with the news release available on their website. Interested parties can access the call via phone or webcast. The replay of the call will be available from 10 a.m. CT on May 3 until June 3, 2023. Spire serves approximately 1.7 million homes and businesses across states like Alabama, Mississippi, and Missouri, positioning itself as a leading natural gas company in the U.S. The focus remains on organic growth, infrastructure investments, and innovation.

Spire Inc. (NYSE: SR) announced the retirement of President and CEO Suzanne Sitherwood, effective December 31, 2023, after 12 years in the role. Sitherwood emphasized her pride in leading the company through significant growth, with Spire now serving over 1.7 million customers in Alabama, Mississippi, and Missouri. The Board of Directors has initiated a search for her successor, engaging an independent executive search firm. Ed Glotzbach, chair of the Board, acknowledged Sitherwood's transformational leadership and contributions to the energy sector, noting the importance of succession planning for Spire's future.

Spire Inc. (NYSE: SR) reported strong first-quarter results for fiscal 2023, with net income increasing to $91.0 million ($1.66 per diluted share) from $55.7 million ($1.01 per share) a year prior. Net economic earnings rose to $85.1 million ($1.55 per share), driven by robust performance in its Gas Marketing segment. The company raised its fiscal 2023 earnings guidance by $0.10 to $4.15–$4.35 per share. While the Gas Utility segment faced a decline in net economic earnings due to regulatory timing and higher costs, overall capital expenditures grew slightly to $154.8 million. The board declared a quarterly dividend of $0.72 per share, marking 20 years of consecutive annual increases.

Spire Inc. (NYSE: SR) is set to host a conference call on February 1, 2023, at 8:00 a.m. CT to discuss its fiscal 2023 first quarter results. The earnings news release will be issued before the market opens on the same day, available on their website. Investors can access the call by dialing the respective phone numbers or listening to the webcast on their investor relations page. A replay of the call will be available from 10 a.m. CT on February 1 until March 1, 2023. Spire serves 1.7 million homes and businesses across Alabama, Mississippi, and Missouri, focusing on organic growth and infrastructure investment.

The Federal Energy Regulatory Commission (FERC) has reissued a permanent Certificate of Public Convenience and Necessity for the Spire STL Pipeline, affirming its critical role in delivering natural gas to over 650,000 homes and businesses in eastern Missouri. This decision follows an 18-month review and highlights the pipeline's strong operational performance, which has contributed to lower gas costs in the St. Louis area. This permanent certificate ensures continued access to reliable and affordable energy for consumers.

Spire reported a narrowed fourth quarter loss of $7.1 million ($0.20 per diluted share) for fiscal 2022, an improvement from a loss of $9.9 million in the previous year. While net economic earnings (NEE) per share for Q4 were $0.66, reflecting ongoing challenges, the board announced a 5.1% increase in quarterly dividends to $0.72 per share. The company is launching a 10-year $7 billion capital expenditure plan, focusing on infrastructure upgrades and expansion to ensure long-term growth. However, full-year NEE fell to $216.3 million, down from $266.3 million largely due to impacts from prior year events.

Spire Inc. (NYSE: SR) will conduct a conference call on November 16, 2022, at 9 a.m. CT to discuss its fiscal 2022 fourth quarter and full-year earnings. The earnings news release will be available before the market opens that day on their investor website. The public can access the call via phone or webcast. A replay will be available from 11 a.m. CT on November 16 until December 16, 2022. Spire serves approximately 1.7 million homes and businesses across Alabama, Mississippi, and Missouri as the fifth largest publicly traded natural gas company in the U.S.