Spire Inc ( (SR) ) has released its Q3 earnings. Here is a breakdown of the information Spire Inc presented to its investors.
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Spire Inc. is a leading natural gas company in the United States, providing energy services to over 1.7 million homes and businesses across Alabama, Mississippi, and Missouri through its gas utilities and related businesses such as Spire Marketing and Spire Midstream.
In its fiscal 2025 third quarter earnings report, Spire Inc. announced a significant turnaround with a net income of $20.9 million, or $0.29 per diluted share, compared to a loss of $12.6 million, or $(0.28) per share, in the same period last year. The company also reported adjusted earnings of $4.1 million, or $0.01 per share, highlighting improved performance across all segments.
Key financial metrics from the report include an increase in Gas Utility earnings due to new rates, despite higher operational costs. Gas Marketing saw a boost in earnings, while Midstream earnings rose due to additional storage capacity and asset optimization. Additionally, Spire entered into an agreement to acquire Piedmont Natural Gas Tennessee business from Duke Energy for $2.48 billion, expected to close in early 2026, which is anticipated to expand its regulated utility footprint.
Spire’s management remains optimistic about the future, reaffirming its fiscal 2025 adjusted earnings guidance range of $4.40 to $4.60 per share. The company is committed to sustainable growth through strategic acquisitions and infrastructure investments, aiming for a long-term adjusted earnings per share growth of 5-7% and a robust capital investment plan through 2034.