Spire Q3 net loss widens; reaffirms 2026 outlook

Spire

05/08/2026 12:20

Overview
U.S. natural gas utility's fiscal Q3 net loss widened from prior year after divestitures
Adjusted loss from continuing operations increased year-over-year
Company reaffirmed fiscal 2026 and 2027 adjusted EPS guidance

Outlook
Spire reaffirms fiscal 2026 adjusted EPS guidance of $3.90–$4.10 from continuing operations
Company maintains fiscal 2027 adjusted EPS guidance of $5.40–$5.60 from ongoing businesses
Spire targets $797 mln in capital expenditures for continuing operations in fiscal 2026

Result Drivers
NEW RATES AND SURCHARGES - Co said new Missouri rates, infrastructure surcharge revenues, and Alabama rate mechanisms drove improved utility earnings
HIGHER USAGE AND CCM - Higher Spire Alabama usage, net of weather mitigation, and favorable Cost Control Mechanism performance benefited utility results
EXPENSE INCREASES - Higher operation and maintenance, depreciation, and interest expenses offset gains in utility earnings

Company press release: ID:nPn4gh1D0a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Loss
 
$42.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the natural gas utilities peer group is "buy"
Wall Street's median 12-month price target for Spire Inc is $95.00, about 19.4% above its August 4 closing price of $79.56
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Aug 4 - ONE Gas beats Q2 revenue estimates on new rates and customer growth, raises 2026 earnings outlook
Aug 3 - New Jersey Resources beats Q3 adjusted EPS estimates, tightens FY guidance
Aug 5 - NW Natural Q2 adjusted EPS flat yr/yr on technology costs

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)