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Spire reports FY25 first quarter results

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Spire Inc. (NYSE: SR) reported its fiscal 2025 first quarter results with net income of $81.3 million ($1.34 per diluted share), down from $85.1 million ($1.52 per share) in the previous year. Adjusted earnings were $81.1 million ($1.34 per share) compared to $82.7 million ($1.47 per share) year-over-year.

The Gas Utility segment saw increased earnings at Spire Alabama and Spire Gulf, offset by lower Spire Missouri earnings. Midstream earnings grew due to additional capacity and higher-rate contract renewals at Spire Storage. Gas Marketing earnings declined due to market conditions.

The company affirmed its fiscal 2025 adjusted earnings guidance range of $4.40–$4.60 per share. Spire maintains its 10-year $7.4 billion capital investment target through fiscal 2034, with expected fiscal 2025 capital expenditures of $790 million.

Spire Inc. (NYSE: SR) ha riportato i risultati del primo trimestre fiscale 2025 con un reddito netto di 81,3 milioni di dollari (1,34 dollari per azione diluita), in calo rispetto agli 85,1 milioni di dollari (1,52 dollari per azione) dell'anno precedente. Gli sono stati di 81,1 milioni di dollari (1,34 dollari per azione), rispetto agli 82,7 milioni di dollari (1,47 dollari per azione) dell'anno precedente.

Il segmento Utility Gas ha visto un aumento degli utili per Spire Alabama e Spire Gulf, compensato da un calo degli utili di Spire Missouri. Gli utili midstream sono cresciuti grazie a una maggiore capacità e al rinnovo di contratti a tariffe più elevate presso Spire Storage. Gli utili da Gas Marketing sono diminuati a causa delle condizioni di mercato.

La società ha confermato la sua prospettiva di utili rettificati per il fiscale 2025, compresa tra $4,40–$4,60 per azione. Spire mantiene il suo obiettivo di investimento in capitale di 7,4 miliardi di dollari per 10 anni fino all'anno fiscale 2034, con spese in conto capitale previste per il 2025 pari a 790 milioni di dollari.

Spire Inc. (NYSE: SR) reportó sus resultados del primer trimestre fiscal 2025, con un ingreso neto de 81,3 millones de dólares (1,34 dólares por acción diluida), una disminución respecto a los 85,1 millones de dólares (1,52 dólares por acción) del año anterior. Las ganancias ajustadas alcanzaron los 81,1 millones de dólares (1,34 dólares por acción) en comparación con los 82,7 millones de dólares (1,47 dólares por acción) del año anterior.

El segmento de Utilidad de Gas vio un aumento en las ganancias de Spire Alabama y Spire Gulf, compensado por menores ganancias de Spire Missouri. Las ganancias midstream crecieron debido a una mayor capacidad y renovación de contratos a tasas más altas en Spire Storage. Las ganancias de Gas Marketing disminuyeron debido a las condiciones del mercado.

La compañía reafirmó su guía de ganancias ajustadas para el fiscal 2025, en un rango de $4,40–$4,60 por acción. Spire mantiene su objetivo de inversión de capital de 7,4 mil millones de dólares durante 10 años hasta el fiscal 2034, con gastos de capital esperados de 790 millones de dólares para el fiscal 2025.

스파이어 주식회사 (NYSE: SR)는 2025 회계연도 첫 분기 결과를 보고했으며, 순이익은 8130만 달러(희석주당 1.34달러)로 전년의 8510만 달러(주당 1.52달러)에서 감소했습니다. 조정된 수익은 8110만 달러(주당 1.34달러)로, 전년의 8270만 달러(주당 1.47달러)에서 줄어들었습니다.

가스 유틸리티 부문에서는 스파이어 앨라배마와 스파이어 걸프에서 수익이 증가했으나, 스파이어 미주리의 수익 감소로 상쇄되었습니다. 중간 수익은 추가 용량과 스파이어 스토리지의 고가 계약 갱신으로 인해 증가했습니다. 가스 마케팅 수익은 시장 상황으로 인해 감소했습니다.

회사는 2025 회계연도 조정된 수익 가이던스를 $4.40–$4.60 per share으로 재확인했습니다. 스파이어는 2034 회계연도까지 10년간 74억 달러의 자본 투자 목표를 유지하며, 2025 회계연도의 자본 지출 예정액은 7억9000만 달러입니다.

Spire Inc. (NYSE: SR) a publié ses résultats du premier trimestre de l'exercice 2025 avec un revenu net de 81,3 millions de dollars (1,34 dollar par action diluée), en baisse par rapport à 85,1 millions de dollars (1,52 dollar par action) l'année précédente. Les bénéfices ajustés étaient de 81,1 millions de dollars (1,34 dollar par action) comparativement à 82,7 millions de dollars (1,47 dollar par action) d'une année sur l'autre.

Le segment des services publics de gaz a connu une augmentation des bénéfices pour Spire Alabama et Spire Gulf, compensée par une baisse des bénéfices de Spire Missouri. Les bénéfices midstream ont augmenté grâce à une capacité supplémentaire et au renouvellement de contrats à des tarifs plus élevés chez Spire Storage. Les bénéfices du marketing du gaz ont diminué en raison des conditions du marché.

La société a confirmé son objectif de bénéfices ajustés pour l'exercice 2025, situé entre $4,40–$4,60 par action. Spire maintient son objectif d'investissement en capital de 7,4 milliards de dollars sur 10 ans jusqu'à l'exercice 2034, avec des dépenses prévues en capital de 790 millions de dollars pour l'exercice 2025.

Spire Inc. (NYSE: SR) berichtete über die Ergebnisse des ersten Quartals des Geschäftsjahres 2025 mit einem Nettogewinn von 81,3 Millionen Dollar (1,34 Dollar pro verwässerter Aktie), gegenüber 85,1 Millionen Dollar (1,52 Dollar pro Aktie) im Vorjahr. Die bereinigten Erträge betrugen 81,1 Millionen Dollar (1,34 Dollar pro Aktie) im Vergleich zu 82,7 Millionen Dollar (1,47 Dollar pro Aktie) im Vorjahr.

Der Gasversorgungsbereich verzeichnete steigende Erträge bei Spire Alabama und Spire Gulf, die jedoch durch sinkende Erträge von Spire Missouri ausgeglichen wurden. Die Midstream-Einnahmen stiegen durch zusätzliche Kapazität und die Erneuerung von Verträgen zu höheren Tarifen bei Spire Storage. Die Erträge aus Gas Marketing gingen aufgrund der Marktentwicklungen zurück.

Das Unternehmen bestätigte seine Prognose für die bereinigten Erträge des Geschäftsjahres 2025 im Bereich von $4,40–$4,60 pro Aktie. Spire hält an seinem Ziel fest, bis zum Geschäftsjahr 2034 insgesamt 7,4 Milliarden Dollar in Kapital zu investieren, mit voraussichtlichen Investitionen von 790 Millionen Dollar für das Geschäftsjahr 2025.

Positive
  • Gas Utility earnings increased to $77.8M from $75.8M YoY
  • Midstream earnings grew significantly to $12.0M from $2.4M YoY
  • Contribution margin improved by $8.4M across all utilities
  • Operation and maintenance expenses decreased by $1.6M
  • Interest expense decreased by $3.9M
Negative
  • Overall net income decreased to $81.3M from $85.1M YoY
  • Adjusted EPS declined to $1.34 from $1.47 YoY
  • Gas Marketing earnings fell to $2.2M from $7.2M YoY
  • Other segment losses increased to $10.9M from $2.7M YoY
  • Depreciation expense increased by $3.9M

Insights

The Q1 FY25 results reveal a nuanced financial picture for Spire. The Gas Utility segment posted a modest improvement with earnings of $77.8M (up from $75.8M), demonstrating resilience despite challenging market conditions. The standout performer was the Midstream segment, which saw earnings surge to $12.0M from $2.4M, driven by strategic capacity expansion and higher-rate contract renewals at Spire Storage, plus the strategic MoGas acquisition.

The Gas Marketing segment's significant decline to $2.2M from $7.2M reflects broader market dynamics, particularly compressed regional basis differentials. This volatility highlights the importance of Spire's diversified business model. The company's operational efficiency initiatives are evident in the $1.6M reduction in adjusted O&M expenses, though this benefit was partially offset by higher depreciation costs tied to capital investments.

Looking forward, Spire's investment thesis remains anchored in its utility operations, with projected 7-8% annualized rate base growth at Spire Missouri and 6% equity growth at Alabama and Gulf operations. The $7.4B capital investment plan through 2034 demonstrates a long-term commitment to infrastructure modernization, which should provide regulatory support for future rate recovery and stable returns.

The company's ability to maintain its full-year guidance despite Q1 headwinds suggests confidence in its operational execution and regulatory relationships. The focus on infrastructure upgrades positions Spire well for sustainable growth, though investors should monitor the impact of rising interest expenses and their effect on financing costs for the capital program.

ST. LOUIS, Feb. 5, 2025 /PRNewswire/ -- Spire Inc. (NYSE: SR) today reported results for its fiscal 2025 first quarter ended December 31. Highlights include:

  • First quarter net income of $81.3 million ($1.34 per diluted share) compared to $85.1 million ($1.52 per share) a year ago
  • First quarter adjusted earnings* of $81.1 million ($1.34 per share) compared to $82.7 million ($1.47 per share) a year ago
  • Affirmed fiscal 2025 adjusted earnings guidance range of $4.40–$4.60

For fiscal 2025 first quarter, Spire reported adjusted earnings per share of $1.34, a decrease of $0.13 compared to last year. Gas Utility earnings increased reflecting higher earnings at Spire Alabama and Spire Gulf, partially offset by lower Spire Missouri earnings. The segment benefited from increased Spire Missouri infrastructure rider revenues and new rates at Spire Alabama and Spire Gulf, offset, in part, by lower usage net of weather mitigation in Missouri and higher depreciation expense. Midstream earnings reflected growth as a result of additional capacity and contract renewals at higher rates for Spire Storage. Gas Marketing earnings were lower than the prior year due to market conditions.

"Our results for the first quarter reflect execution of our strategy while maintaining a focus on safety and strong operational performance," said Scott Doyle, executive vice president, chief operating officer, and acting president and chief executive officer of Spire. "Looking ahead, we continue to expect our fiscal 2025 earnings to be in the range of $4.40 to $4.60 per share. We are committed to achieving our financial objectives and operational excellence while safely serving customers and communities with reliable and affordable energy."

First Quarter Results


Three Months Ended December 31,




(Millions)



(Per Diluted Common Share)




2024



2023



2024



2023


Adjusted Earnings* by Segment













Gas Utility


$

77.8



$

75.8








Gas Marketing



2.2




7.2








Midstream



12.0




2.4








Other



(10.9)




(2.7)








Total


$

81.1



$

82.7



$

1.34



$

1.47


Fair value and timing adjustments, pre-tax



0.3




5.2




0.01




0.10


Acquisition and restructuring activities, pre-tax






(1.9)







(0.03)


Income tax effect of adjustments



(0.1)




(0.9)




(0.01)




(0.02)


Net Income


$

81.3



$

85.1



$

1.34



$

1.52


Weighted Average Diluted Shares Outstanding



57.9




53.6









*Non-GAAP, see "Adjusted Earnings and Reconciliation to GAAP."

 

Adjusted earnings excludes from net income, as applicable, the impacts of fair value accounting and timing adjustments associated with energy-related transactions, the impacts of acquisition, divestiture and restructuring activities, and the largely non-cash impacts of other non-recurring or unusual items such as impairments and certain regulatory, legislative, or GAAP standard-setting actions.

Gas Utility

Gas Utility fiscal 2025 first quarter adjusted earnings were $77.8 million, an increase from $75.8 million in the prior year, reflecting higher earnings at Spire Alabama and Spire Gulf, partially offset by lower Spire Missouri earnings.

Contribution margin was higher by $8.4 million driven by increases across all utilities. The increase was primarily due to higher Spire Missouri Infrastructure System Replacement (ISRS) revenues and higher margins at Spire Alabama due to the annual rate update and usage net of weather mitigation. These favorable items were partially offset by lower Spire Missouri usage net of weather mitigation.

After adjusting for the impact of a pension reclass and bad debt expense, operation and maintenance expense was $1.6 million lower than a year ago, reflecting a decline in operating costs and administration expenses, offset, in part, by higher employee-related costs.

Depreciation expense increased $3.9 million from last year reflecting increased capital investment. Interest expense decreased $3.9 million as a result of lower rates and lower short-term debt balances. Gas carrying cost credits decreased by $3.9 million compared to the prior year due to lower gas cost balances.

Gas Marketing

Gas Marketing fiscal 2025 first quarter adjusted earnings were $2.2 million compared to $7.2 million in the prior year. The decrease in earnings reflects reduced volatility in regional basis differentials combined with higher transportation and storage fees.

Midstream

Midstream fiscal 2025 first quarter adjusted earnings were $12.0 million, up from $2.4 million in the year-ago period. The improvement was driven by higher Spire Storage earnings, reflecting additional capacity and contract renewals at higher rates. The segment also benefited from the acquisition of MoGas in January 2024.

Other

Spire's other activities reported an adjusted loss of $10.9 million versus $2.7 million in the prior year. The variance in earnings is primarily due to a $6.3 million after-tax benefit of an interest rate hedge settlement in the prior year and higher interest expense this year.

Guidance and Outlook

Spire continues to expect fiscal 2025 adjusted earnings to be in the range of $4.40–$4.60 per share. We remain confident in our ability to grow long-term adjusted earnings per share 5–7% driven by an expected long-term 7–8% annualized rate base growth at Spire Missouri, reflecting our robust capital investment plan, and 6% equity growth at Spire Alabama and Spire Gulf.

Our 10-year $7.4 billion capital investment target through fiscal 2034 is driven by increasing investment in infrastructure upgrades and new business in the Gas Utility segment. Expected total capital expenditures for fiscal 2025 remains $790 million.

Conference Call and Webcast

Spire will host a conference call and webcast today to discuss its fiscal 2025 first quarter financial results. To access the call, please dial the applicable number approximately 5–10 minutes in advance.

Date and Time:


Wednesday, February 5





9 a.m. CT (10 a.m. ET)








Phone Numbers:


U.S. and Canada:


844-824-3832



International:


412-317-5142

The webcast can be accessed at Investors.SpireEnergy.com under Events & Presentations. A replay of the call will be available at 10 a.m. CT (11 a.m. ET) on February 5 until February 12, 2025, by dialing 877-344-7529 (U.S.), 855-669-9658 (Canada), or 412-317-0088 (international). The replay access code is 8652197.

About Spire

At Spire Inc. (NYSE: SR) we believe energy exists to help make people's lives better. It's a simple idea, but one that's at the heart of our company. Every day we serve 1.7 million homes and businesses making us one of the largest publicly traded natural gas companies in the country. We help families and business owners fuel their daily lives through our gas utilities serving Alabama, Mississippi and Missouri. Our natural gas-related businesses include Spire Marketing and Spire Midstream. We are committed to transforming our business through growing organically, investing in infrastructure, and advancing through innovation. Learn more at SpireEnergy.com.

Forward-Looking Information and Non-GAAP Measures

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Spire's future operating results may be affected by various uncertainties and risk factors, many of which are beyond the Company's control, including weather conditions, economic factors, the competitive environment, governmental and regulatory policy and action, and risks associated with acquisitions. More complete descriptions and listings of these uncertainties and risk factors can be found in the Company's annual (Form 10-K) and quarterly (Form 10-Q) filings with the Securities and Exchange Commission.

This news release includes the non-GAAP financial measures of "adjusted earnings," "adjusted earnings per share," and "contribution margin." Management also uses these non-GAAP measures internally when evaluating the Company's performance and results of operations. Adjusted earnings exclude from net income, as applicable, the impacts of fair value accounting and timing adjustments associated with energy-related transactions, the impacts of acquisition, divestiture and restructuring activities and the largely non-cash impacts of impairments and other non-recurring or unusual items such as certain regulatory, legislative, or GAAP standard-setting actions. The fair value and timing adjustments, which primarily impact the Gas Marketing segment, include net unrealized gains and losses on energy-related derivatives resulting from the current changes in the fair value of financial and physical transactions prior to their completion and settlement, lower of cost or market inventory adjustments, and realized gains and losses on economic hedges prior to the sale of the physical commodity. Management believes that excluding these items provides a useful representation of the economic impact of actual settled transactions and overall results of ongoing operations. Contribution margin adjusts revenues to remove the costs that are directly passed on to customers and collected through revenues, which are the wholesale cost of natural gas and gross receipts taxes. These internal non-GAAP operating metrics should not be considered as an alternative to, or more meaningful than, GAAP measures such as operating income, net income, or earnings per share.

Condensed Consolidated Statements of Income – Unaudited


(In Millions, except per share amounts)


Three Months Ended
December 31,




2024



2023


Operating Revenues


$

669.1



$

756.6


Operating Expenses:







Natural gas



270.0




367.0


Operation and maintenance



129.3




130.7


Depreciation and amortization



72.3




67.0


Taxes, other than income taxes



48.7




52.7


Total Operating Expenses



520.3




617.4


Operating Income



148.8




139.2


Interest Expense, Net



48.0




50.6


Other Income, Net



0.6




17.5


Income Before Income Taxes



101.4




106.1


Income Tax Expense



20.1




21.0


Net Income



81.3




85.1


Provision for preferred dividends



3.7




3.7


Income allocated to participating securities



0.1




0.1


Net Income Available to Common Shareholders


$

77.5



$

81.3









Weighted Average Number of Shares Outstanding:







Basic



57.7




53.5


Diluted



57.9




53.6









Basic Earnings Per Common Share


$

1.34



$

1.52


Diluted Earnings Per Common Share


$

1.34



$

1.52


Dividends Declared Per Common Share


$

0.785



$

0.755


 

Condensed Consolidated Balance Sheets – Unaudited




(In Millions)


December 31,



September 30,



December 31,




2024



2024



2023


ASSETS










Utility Plant


$

8,946.3



$

8,779.1



$

8,345.0


Less:  Accumulated depreciation and amortization



2,570.3




2,535.8




2,467.3


Net Utility Plant



6,376.0




6,243.3




5,877.7


Non-utility Property



982.5




955.3




687.1


Other Investments



118.5




115.3




105.5


Total Other Property and Investments



1,101.0




1,070.6




792.6


Current Assets:










Cash and cash equivalents



11.5




4.5




4.8


Accounts receivable, net



517.2




277.4




544.0


Inventories



242.6




263.9




276.6


Other



216.7




225.5




394.5


Total Current Assets



988.0




771.3




1,219.9


Deferred Charges and Other Assets



2,810.8




2,775.5




2,741.5


Total Assets


$

11,275.8



$

10,860.7



$

10,631.7












CAPITALIZATION AND LIABILITIES










Capitalization:










Preferred stock


$

242.0



$

242.0



$

242.0


Common stock and paid-in capital



1,992.0




1,959.9




1,782.4


Retained earnings



1,050.5




1,018.7




997.3


Accumulated other comprehensive income



24.4




12.1




29.1


Total Shareholders' Equity



3,308.9




3,232.7




3,050.8


Temporary equity



8.4




8.6




14.8


Long-term debt (less current portion)



3,697.7




3,704.4




3,247.8


Total Capitalization



7,015.0




6,945.7




6,313.4


Current Liabilities:










Current portion of long-term debt



42.5




42.0




457.0


Notes payable



1,158.0




947.0




1,047.5


Accounts payable



292.3




237.2




293.8


Accrued liabilities and other



498.4




477.7




412.2


Total Current Liabilities



1,991.2




1,703.9




2,210.5


Deferred Credits and Other Liabilities:










Deferred income taxes



838.3




808.4




760.6


Pension and postretirement benefit costs



126.6




146.7




135.5


Asset retirement obligations



586.0




579.9




583.6


Regulatory liabilities



577.2




535.5




487.2


Other



141.5




140.6




140.9


Total Deferred Credits and Other Liabilities



2,269.6




2,211.1




2,107.8


Total Capitalization and Liabilities


$

11,275.8



$

10,860.7



$

10,631.7


 

Condensed Consolidated Statements of Cash Flows – Unaudited


(In Millions)


Three Months Ended
 December 31,




2024



2023


Operating Activities:







Net Income


$

81.3



$

85.1


Adjustments to reconcile net income to net cash provided by operating activities:







Depreciation and amortization



72.3




67.0


Deferred income taxes and investment tax credits



19.4




21.0


Changes in assets and liabilities



(94.0)




(104.3)


Other



2.1




1.2


Net cash provided by operating activities



81.1




70.0









Investing Activities:







Capital expenditures



(260.6)




(226.5)


Other



0.5




1.3


Net cash used in investing activities



(260.1)




(225.2)









Financing Activities:







Repayment of long-term debt



(7.0)




(6.6)


Issuance of short-term debt, net



211.0




92.0


Issuance of common stock



32.8




113.2


Dividends paid on common stock



(44.6)




(38.8)


Dividends paid on preferred stock



(3.7)




(3.7)


Other



(2.5)




(1.4)


Net cash provided by financing activities



186.0




154.7









Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash



7.0




(0.5)


Cash, Cash Equivalents, and Restricted Cash at Beginning of Period



34.9




25.8


Cash, Cash Equivalents, and Restricted Cash at End of Period


$

41.9



$

25.3


 

Adjusted Earnings and Reconciliation to GAAP


(In Millions, except per share amounts)


Gas
Utility



Gas
Marketing



Midstream



Other



Total



Per
Diluted
Common
Share (2)


Three Months Ended December 31, 2024



















Net Income (Loss) [GAAP]


$

77.8



$

2.4



$

12.0



$

(10.9)



$

81.3



$

1.34


Adjustments, pre-tax:



















Fair value and timing adjustments






(0.3)










(0.3)




(0.01)


Income tax effect of adjustments (1)






0.1










0.1




0.01


Adjusted Earnings (Loss) [Non-GAAP]


$

77.8



$

2.2



$

12.0



$

(10.9)



$

81.1



$

1.34





















Three Months Ended December 31, 2023



















Net Income (Loss) [GAAP]


$

75.5



$

11.4



$

0.9



$

(2.7)



$

85.1



$

1.52


Adjustments, pre-tax:



















Fair value and timing adjustments



0.4




(5.6)










(5.2)




(0.10)


Acquisition activities









1.9







1.9




0.03


Income tax effect of adjustments (1)



(0.1)




1.4




(0.4)







0.9




0.02


Adjusted Earnings (Loss) [Non-GAAP]


$

75.8



$

7.2



$

2.4



$

(2.7)



$

82.7



$

1.47



(1) Income tax adjustments include amounts calculated by applying federal, state, and local income tax rates applicable to ordinary income to the amounts of the pre-tax reconciling items.

(2) Adjusted earnings per share is calculated by replacing consolidated net income with consolidated adjusted earnings in the GAAP diluted EPS calculation, which includes reductions for cumulative preferred dividends and participating shares.

 

Contribution Margin and Reconciliation to GAAP


(In Millions)


Gas
Utility



Gas
Marketing



Midstream



Other



Elimi-
nations



Consoli-
dated


Three Months Ended December 31, 2024



















Operating Income [GAAP]


$

127.8



$

2.7



$

17.3



$

1.0



$



$

148.8


Operation and maintenance expenses



115.0




4.0




11.0




3.6




(4.3)




129.3


Depreciation and amortization



68.1




0.4




3.7




0.1







72.3


Taxes, other than income taxes



48.0




(0.1)




0.8










48.7


Less: Gross receipts tax expense



(26.7)




(0.1)













(26.8)


Contribution Margin [Non-GAAP]



332.2




6.9




32.8




4.7




(4.3)




372.3


Natural gas costs



254.6




26.0




0.7







(11.3)




270.0


Gross receipts tax expense



26.7




0.1













26.8


Operating Revenues


$

613.5



$

33.0



$

33.5



$

4.7



$

(15.6)



$

669.1





















Three Months Ended December 31, 2023



















Operating Income (Loss) [GAAP]


$

122.3



$

14.7



$

3.3



$

(1.1)



$



$

139.2


Operation and maintenance expenses



116.7




4.4




8.6




5.0




(4.0)




130.7


Depreciation and amortization



64.2




0.4




2.3




0.1







67.0


Taxes, other than income taxes



51.6




0.3




0.7




0.1







52.7


Less: Gross receipts tax expense



(31.0)




(0.1)













(31.1)


Contribution Margin [Non-GAAP]



323.8




19.7




14.9




4.1




(4.0)




358.5


Natural gas costs



360.4




16.5










(9.9)




367.0


Gross receipts tax expense



31.0




0.1













31.1


Operating Revenues


$

715.2



$

36.3



$

14.9



$

4.1



$

(13.9)



$

756.6





















 

Investor Contact:
Megan L. McPhail
314-309-6563
Megan.McPhail@SpireEnergy.com 

Media Contact:
Jason Merrill
314-342-3300
Jason.Merrill@SpireEnergy.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/spire-reports-fy25-first-quarter-results-302368099.html

SOURCE Spire Inc.

FAQ

What were Spire's (SR) Q1 2025 earnings per share?

Spire reported Q1 2025 adjusted earnings of $1.34 per share, down from $1.47 per share in the previous year.

What is Spire's (SR) earnings guidance for fiscal 2025?

Spire affirmed its fiscal 2025 adjusted earnings guidance range of $4.40-$4.60 per share.

How much is Spire's (SR) capital investment target through 2034?

Spire has a 10-year $7.4 billion capital investment target through fiscal 2034.

What caused the decline in Spire's (SR) Gas Marketing earnings in Q1 2025?

Gas Marketing earnings declined due to reduced volatility in regional basis differentials and higher transportation and storage fees.

What is Spire's (SR) expected capital expenditure for fiscal 2025?

Spire expects total capital expenditures of $790 million for fiscal 2025.

Spire Inc

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