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Jun 30, 2025
Spire Q3 2025 Earnings Report
Spire reported its fiscal year 2025 third quarter results, showing a significant increase in net income and adjusted earnings compared to the previous year, driven by improved performance across all segments.
Key Takeaways
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.
Net income for Q3 FY25 was $20.9 million, a significant turnaround from a $12.6 million loss in Q3 FY24.
Adjusted earnings for Q3 FY25 were $4.1 million, compared to a $4.3 million loss in Q3 FY24, reflecting improved results across all segments.
Spire reaffirmed its fiscal 2025 adjusted earnings guidance range of $4.40–$4.60 per share.
The company entered into an agreement to acquire the Piedmont Natural Gas Tennessee business from Duke Energy for $2.48 billion, expected to close in Q1 calendar 2026.
Revenue by Segment
Forward Guidance
Spire reaffirmed its fiscal 2025 adjusted earnings per share guidance range of $4.40–$4.60 and expects long-term adjusted earnings per share growth of 5–7%. The company's 10-year capital investment target through fiscal 2034 is $7.4 billion, with expected total capital expenditures for fiscal 2025 increasing to $875 million.
Positive Outlook
- Reaffirmed fiscal 2025 adjusted earnings per share guidance range of $4.40–$4.60.
- Confident in ability to grow long-term adjusted earnings per share 5–7%.
- Expected long-term 7–8% annualized rate base growth at Spire Missouri.
- Robust capital investment plan driving growth.
- Expected total capital expenditures for fiscal 2025 increased to $875 million.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text.
- No specific negative forward guidance points were explicitly stated in the provided text.
- No specific negative forward guidance points were explicitly stated in the provided text.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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