Spire Inc ( (SR) ) has released its Q1 earnings. Here is a breakdown of the information Spire Inc presented to its investors.
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Spire Inc. is a major publicly traded natural gas company in the United States, serving 1.7 million homes and businesses across Alabama, Mississippi, and Missouri, with operations in gas marketing and midstream services.
In its fiscal 2025 first-quarter earnings report, Spire Inc. announced a net income of $81.3 million, translating to $1.34 per diluted share, slightly down from $85.1 million or $1.52 per share in the previous year. The company reaffirmed its fiscal 2025 adjusted earnings guidance in the range of $4.40 to $4.60 per share.
The Gas Utility segment saw a rise in adjusted earnings to $77.8 million, driven by increased revenues from infrastructure improvements in Missouri and new rates in Alabama and Gulf regions. However, earnings from the Gas Marketing segment dropped to $2.2 million, impacted by market conditions, while the Midstream segment experienced a substantial increase with earnings reaching $12.0 million due to expanded capacity and contract renewals at higher rates.
Looking ahead, Spire’s management remains optimistic about achieving its financial goals, focused on operational excellence and infrastructure investments. The company targets a 5-7% growth in adjusted earnings per share over the long term, supported by a robust capital investment plan aimed at enhancing infrastructure and expanding services.
