Adjusted Earnings Increase
Spire announced adjusted earnings of $3.60 per share, compared to $3.45 per share a year ago, driven by strong growth in Utility and Midstream segments.
Capital Investment Increase
Spire increased its fiscal 2025 capital investment target by $50 million to $840 million, focusing on infrastructure improvements and expansion projects.
Midstream Segment Performance
The Midstream segment saw strong earnings growth due to new contracts, higher rates on renewals, and asset optimization.
Legislative Advancement
Missouri passed Senate Bill 4, which allows utilities to set rates based on projected costs, expected to enhance system reliability and economic growth.
Renewed Labor Agreement
Spire renewed a three-year labor agreement with Local 548 union, providing stability to the workforce and focusing on operational excellence.