Spire swings to profit in Q3, reaffirms 2025 guidance

Spire

05/08/2025 12:34

((This story was generated using AI and automation, please see
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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/Mis  Actual    Consensu
           s                   s
                               Estimate
                               
                               
 Q3        Beat      $0.01     -$0.1 (7
 Adjusted                      Analysts
 EPS                           )
 Q3 EPS              $0.29      
 Q3 Net              $20.90     
 Income              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.)