Spire Q2 net income rises, cuts 2026 EPS guidance

Spire

06/05/2026 12:16

Overview

U.S. natural gas utility's fiscal Q2 net income and adjusted EPS rose yr/yr

Company completed Piedmont Tennessee acquisition, agreed to sell non-core businesses

Spire cut fiscal 2026 adjusted EPS guidance, reaffirmed long-term growth targets

Outlook

Spire lowers fiscal 2026 adjusted EPS guidance to $3.90–$4.10

Company reaffirms fiscal 2027 adjusted EPS guidance of $5.40–$5.60

Spire maintains long-term adjusted EPS growth target of 5-7%

Result Drivers

NEW RATES - Higher adjusted earnings driven by new rates at Spire Missouri and Spire Alabama

LOWER WEATHER-RELATED USAGE - Lower weather-related usage in Missouri weighed on results, partially offsetting gains from new rates

COST MANAGEMENT - Operation and maintenance expense was $1.9 mln lower than a year ago, reflecting a reduction in employee-related costs

Company press release: ID:nPn8XKpXfa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
$217.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "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 $100.50, about 11.9% above its May 5 closing price of $89.81

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago

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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.)