Spire Earnings Reports

Spire Inc. reported a net income of $20.9 million, or $0.29 per diluted share, for the fiscal 2025 third quarter, a substantial improvement from a loss of $12.6 million, or $(0.28) per share, in the prior year. Adjusted earnings also saw a positive shift to $4.1 million, or $0.01 per share, up from a loss of $4.3 million, or $(0.14) per share, in the same period last year. The company reaffirmed its fiscal 2025 adjusted earnings guidance and announced an agreement to acquire Piedmont Natural Gas Tennessee business for $2.48 billion.

Spire Inc. reported a net income of $209.3 million ($3.51 per diluted share) and adjusted earnings of $214.4 million ($3.60 per share) for its fiscal 2025 second quarter. The company reaffirmed its fiscal 2025 adjusted earnings guidance range of $4.40-$4.60, driven by growth in Gas Utility and Midstream segments.

Spire Inc. reported a decrease in net income and adjusted earnings for the first quarter of fiscal year 2025 compared to the previous year, but affirmed its fiscal 2025 adjusted earnings guidance range. The Gas Utility segment saw increased earnings in Spire Alabama and Spire Gulf, offset by lower Spire Missouri earnings. Midstream earnings grew due to additional capacity and contract renewals at higher rates for Spire Storage, while Gas Marketing earnings decreased due to market conditions.

Spire Inc. reported a net loss of $25.9 million for Q4 2024, compared to a net loss of $31.1 million in the same period last year. On an adjusted earnings basis, the quarterly loss was $27.6 million, compared to a loss of $37.6 million in the year-ago period. Midstream segment saw improved earnings due to higher storage revenues.

Spire Inc. reported a net loss of $12.6 million for the third quarter of fiscal year 2024, an improvement compared to the previous year's net loss of $21.6 million. The company's net economic loss was $4.3 million, also an improvement from the prior year. However, Spire lowered its fiscal 2024 net economic earnings guidance range to $4.15–$4.25 per share.

Spire reported a net income of $204.3 million, or $3.58 per share, for the second quarter of fiscal year 2024, compared to $179.2 million, or $3.33 per share, in the same period last year. The company reaffirmed its fiscal 2024 net economic earnings guidance range of $4.25–$4.45 per share.

Spire's first quarter results showed a net income of $85.1 million ($1.52 per share) compared to $91.0 million ($1.66 per share) in the prior year. Net economic earnings (NEE) were $82.7 million ($1.47 per share) compared to $85.1 million ($1.55 per share) a year ago. The company affirmed its fiscal 2024 NEE expectation of $4.25–$4.45 per share.

Spire Inc. reported a net loss of $31.1 million, or $0.66 per share, for the fourth quarter of fiscal year 2023, compared to a net loss of $7.1 million, or $0.20 per share, in the same period last year. On a net economic earnings (NEE) basis, the quarterly loss was $37.6 million, or $0.78 per share, compared to a loss of $31.4 million, or $0.66 per share, in the year-ago period. The gas utility segment reported a loss, while gas marketing and midstream segments reported profits.

Spire Inc. reported a net loss of $21.6 million, or ($0.48) per diluted share, for the third quarter of fiscal year 2023, compared to a net loss of $1.4 million, or ($0.10) per share, in the prior year. The company's net economic earnings (NEE) were a loss of $18.6 million, or ($0.42) per share, down from earnings of $4.1 million, or $0.01 per share, a year ago. Fiscal 2023 net economic earnings guidance range lowered to $4.15–$4.25 per share.

Spire Inc. reported net income of $179.2 million ($3.33 per diluted share) for Q2 2023, compared to $173.6 million ($3.27 per share) in the prior year. Net economic earnings were $199.2 million, or $3.70 per share, up from $181.0 million, or $3.42 per share a year ago. The company narrowed its fiscal 2023 net economic earnings guidance range to $4.20–$4.30 per share.

Spire Inc. reported consolidated net income of $91.0 million ($1.66 per diluted share) for the quarter ended December 31, 2022, compared to $55.7 million ($1.01 per share) in the prior year. Net economic earnings (NEE) were $85.1 million ($1.55 per share), up from $62.6 million ($1.14 per share) last year.

Spire Inc. reported a net loss of $7.1 million for the fourth quarter of fiscal year 2022, compared to a net loss of $9.9 million in the same period last year. On a non-GAAP basis (NEE), the quarterly loss was $31.4 million, compared to a loss of $13.1 million last year. The company is launching a 10-year capital expenditure target of $7.0 billion. The Board of Directors raised the quarterly common stock dividend by 5.1% to $0.72 per share.

Spire reported a net loss of $1.4 million, or $0.10 per diluted share, compared to a net income of $5.3 million, or $0.03 per share, in the prior year. Net economic earnings were $4.1 million, or $0.01 per share, down from $6.9 million, or $0.06 per share a year ago. The company reaffirmed its long-term growth and capital investment targets as well as FY22 earnings guidance.

Spire Inc. reported a net income of $173.6 million ($3.27 per diluted share) for Q2 2022, compared to $187.4 million ($3.55 per share) in the prior year. Net economic earnings were $181.0 million ($3.42 per share), down from $195.6 million ($3.71 per share) a year ago. The company narrowed its earnings guidance range for fiscal 2022 to $3.75 - $3.95 per share.

Spire reported a decrease in net income to $55.7 million ($1.01 per diluted share) compared to $88.9 million ($1.65 per share) in the first quarter of the previous year. Net economic earnings also decreased to $62.6 million ($1.14 per share) from $76.9 million ($1.42 per share) year-over-year, influenced by warm weather and increased expenses. The company reaffirmed its 2022 earnings expectations of $3.70 - $4.00 per share.

Spire reported a net loss of $9.9 million, or $0.26 per diluted share, for the fourth quarter of fiscal 2021, compared to a net loss of $19.7 million, or $0.45 per share, in the prior year. On a NEE basis, the quarterly loss was $13.1 million ($0.32 per share) compared to a loss of $15.3 million ($0.37 per share) in the prior-year period.

Spire reported a net income of $5.3 million, or $0.03 per diluted share, for the third quarter of fiscal year 2021, compared to a loss of $92.3 million, or $1.87 per share, in the prior period. Net economic earnings (NEE) were $6.9 million, or $0.06 per share, compared to $7.3 million, or $0.07 per share, a year ago. The company reaffirmed its fiscal 2021 NEE guidance range of $4.30 - $4.50 per share and capital expenditures outlook of $590 million.

Spire Inc. reported a strong second quarter with net income of $187.4 million, or $3.55 per diluted share, compared to $133.6 million, or $2.54 per share, in the prior year. Net economic earnings (NEE) increased to $195.6 million, or $3.71 per share, from $144.0 million, or $2.75 per share, driven by strong performance in Spire Marketing and improved gas utility results. The company has increased its fiscal 2021 NEE guidance range to $4.30 - $4.50 per share.

Spire Inc. reported a strong start to fiscal 2021 with increased earnings and solid operating performance. The company's first quarter net income was $88.9 million ($1.65 per diluted share), compared to $67.0 million ($1.24 per share) in the prior year. Net economic earnings were $76.9 million ($1.42 per share), up from $71.8 million ($1.33 per share) a year ago.

Spire Inc. reported a consolidated net loss of $19.7 million ($0.45 per diluted share) for the fourth quarter of fiscal 2020, compared to a net loss of $34.3 million ($0.74 per share) in the prior year. On a NEE basis, the quarterly loss was $15.3 million ($0.37 per share) compared to a loss of $23.7 million ($0.54 per share) in the prior-year period.

Spire Inc. reported a net loss of $92.3 million, or $1.87 per diluted share, for the fiscal third quarter ended June 30, 2020, which included non-cash, pre-tax impairment charges of $148.6 million. Net economic earnings (NEE) were $7.3 million, or $0.07 per share. The company expects FY20 NEE to be $3.70 - $3.75 per share and targets long-term NEE per share growth at 4-7%.

Spire Inc. reported a decrease in net income for the second quarter ended March 31, 2020, with net income of $133.6 million ($2.54 per diluted share), compared to $154.6 million ($3.04 per share) in the prior year. Net economic earnings also decreased to $144.0 million ($2.75 per share) from $147.9 million ($2.90 per share) a year ago, primarily due to warmer weather impacting margins. The company increased its FY20 capital expenditures plan to $640 million and launched a 5-year capital plan through 2024 totaling $2.8 billion.

Spire Inc. reported a decrease in net income to $67.0 million ($1.24 per diluted share) for the first quarter of fiscal 2020, compared to $67.3 million ($1.32 per share) in the prior year. However, net economic earnings increased to $71.8 million ($1.33 per share) from $65.9 million ($1.30 per share) a year ago.