Spire cuts FY27 adjusted EPS view to $5.40-$5.60 from $5.65-$5.85

FY27 consensus $5.70. The company stated, “Spire (SR) is not updating its fiscal 2026 guidance at this time and expects to provide revised 2026 guidance on the second quarter fiscal 2026 earnings call in May. The fiscal 2026 adjusted EPS guidance of $5.25-$5.45 affirmed in February reflects a full year of earnings from Spire Marketing and Spire’s gas storage facilities and excludes the results of the pending acquisition of the Piedmont Natural Gas Tennessee business. Spire now expects fiscal 2027 adjusted EPS guidance to be in the range of $5.40-$5.60, compared to prior guidance of $5.65-$5.85. The updated guidance reflects the expected sale of Spire Marketing, with no other changes to the underlying assumptions affirmed in February. Both the prior and updated ranges continue to reflect the expected sale of Spire’s gas storage facilities and assume a full year of earnings contributions from the Piedmont Natural Gas Tennessee business. The sales of the gas marketing business and gas storage facilities are subject to regulatory approvals. The acquisition is expected to close in the first calendar quarter of 2026, and the Spire Marketing sale is expected to close in the third fiscal quarter of 2026 following regulatory review. Spire reaffirmed its long-term adjusted earnings per share growth of 5-7% using the original fiscal 2027 adjusted EPS guidance midpoint of $5.75 as a base.”