Spire swings to profit in Q3, reaffirms 2025 guidance

Spire

05/08/2025 14:03

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Overview

Spire fiscal Q3 net income $20.9 mln, reversing loss from last year

Adjusted EPS of $0.01 beats analyst expectations, per LSEG data

Co to acquire Piedmont Natural Gas Tennessee for $2.48 bln, closing in Q1 2026

Outlook

Spire reaffirms fiscal 2025 adjusted EPS guidance of $4.40–$4.60

Company expects long-term EPS growth of 5–7%

Spire targets $7.4 bln capital investment through fiscal 2034

Company increases fiscal 2025 capital expenditures to $875 mln

Result Drivers

GAS UTILITY - Earnings improved due to new rates, offset by higher operation and maintenance expenses and depreciation

GAS MARKETING - Earnings increased as the business was well-positioned to create value

MIDSTREAM - Earnings rose due to higher storage earnings from additional capacity and asset optimization

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
$0.01
-$0.1 (7 Analysts)
Q3 EPS
$0.29
Q3 Net Income
$20.90 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "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 $81.50, about 6.9% above its August 4 closing price of $75.91

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nPn2T52M1a

 (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.)