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Mar 31
Spire Q2 2025 Earnings Report
Spire reported its fiscal 2025 second quarter results, with adjusted earnings per share increasing by $0.15 compared to the prior year.
Key Takeaways
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.
Second quarter net income was $209.3 million ($3.51 per diluted share), compared to $204.3 million ($3.58 per share) a year ago.
Adjusted earnings for the second quarter were $214.4 million ($3.60 per share), an increase from $196.6 million ($3.45 per share) in the prior year.
Gas Utility earnings grew due to new rates and higher Spire Missouri usage, while Midstream earnings improved from additional capacity and contract renewals.
The company reaffirmed its fiscal 2025 adjusted earnings guidance range of $4.40-$4.60 per share.
Spire
Spire
Spire Revenue by Segment
Revenue by Segment
Gas Utility Revenue
CapyFin.comGas Marketing Revenue
CapyFin.comMidstream Revenue
CapyFin.comOther Revenue
CapyFin.comEliminations Revenue
CapyFin.com Forward Guidance
Spire expects fiscal 2025 adjusted earnings to be in the range of $4.40-$4.60 per share and projects long-term adjusted earnings per share growth of 5-7%.
Positive Outlook
- Reaffirmed fiscal 2025 adjusted earnings guidance range of $4.40-$4.60 per share.
- Expected long-term adjusted earnings per share growth of 5-7%.
- Anticipated long-term 7-8% annualized rate base growth at Spire Missouri due to robust capital investment plan.
- Projected 6% equity growth at Spire Alabama and Spire Gulf.
- Increased total capital expenditures for fiscal 2025 from $790 million to $840 million, supporting infrastructure upgrades and new business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income