earnings
confidence high
sentiment neutral
materiality 0.70
Spire reports FY22 Q4 net loss $7.1M; dividend raised 5.1%; 10-year $7B capex plan
SPIRE INC
2022-FY EPS reported
$3.95
revenue$2,198,500,000
- Q4 net loss $7.1M ($0.20/sh) vs loss $9.9M ($0.26/sh) last year; NEE loss $0.66/sh vs $0.32/sh.
- Full-year net income $220.8M ($3.95/sh) down from $271.7M ($4.96/sh); NEE $216.3M ($3.86/sh) vs $266.3M ($4.86/sh).
- Quarterly common dividend raised 5.1% to $0.72/sh ($2.88 annualized); payable Jan 4, 2023, record Dec 12.
- New 10-year capital expenditure target of $7.0B through FY2032; FY23 capex ~$700M including $150M midstream.
- Missouri rate settlement approved: $10.5M annualized ISRS increase, effective Oct 21; Spire STL Pipeline EIS approved.