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Jun 30
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.
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 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.
- 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.