Q3 2025 Spire Inc Earnings Call Transcript

Aug 5, 2025 / 03:00 PM GMT

Release Date Price: €64.5

Transcript 10-Q

Key Points

Positve

Spire Inc (SR) reported adjusted earnings of $0.01 per share, an improvement from a loss of $0.14 per share a year ago.
The company announced a strategic acquisition of Piedmont Natural Gas Tennessee business, expanding its regulated utility footprint.
A unanimous stipulation and agreement for an annual revenue increase of $210 million was filed, pending approval by the Missouri Public Service Commission.
Spire Inc (SR) reaffirmed its long-term EPS growth target of 5 to 7%, supported by a $7.4 billion capital investment plan.
The expansion of Spire Storage West was completed, with returns exceeding expectations, contributing to strong earnings growth in the midstream segment.

Negative

The gas utility segment reported an adjusted loss of $10 million in the third quarter, despite a slight improvement from the prior year.
Higher operating costs were noted in the midstream segment due to increased activity.
The company faces uncertainties and risks that may affect future performance, as outlined in their SEC filings.
Spire Inc (SR) is pursuing a permanent capital structure for the acquisition, which includes a balanced mix of debt, equity, and hybrid securities, indicating potential financial strain.
The company is evaluating the sale of non-utility assets, such as natural gas storage facilities, as a potential source of funds, which could impact future revenue streams.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SR.N - Spire Inc
Q3 2025 Spire Inc Earnings Call
Aug 05, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the Spire Q3F 525 earnings conference call.

All participants will be in the listen-only mode.

Should you need assistance, please signal and conference specialist by pressing the star key followed by 0.

After today's presentation, there will be an opportunity to ask a question. To ask a question, you will press star, then one on your touchstone phone.

To withdraw your question, please press 2. Please note this event is being recorded.

I would now like to turn the conference over to Megan McPha, managing director, Investor relations. Please go ahead.

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Unidentified_2 [2]
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