Spire Q2 FY23 net economic earnings $3.70/share, up from $3.42; guidance narrowed to $4.20-$4.30

SPIRE INC

2023-Q2 EPS reported $4.99 revenue$1,937,400,000

Net economic earnings $199.2M ($3.70/diluted) vs $181.0M ($3.42) prior year; net income $179.2M ($3.33) vs $173.6M ($3.27).
Gas Utility NEE $183.9M (+$14.7M) on new rates offset by warmer weather; Gas Marketing NEE $21.8M (+$7.4M) on favorable market.
FY23 NEE guidance narrowed to $4.20-$4.30 per share from original midpoint $4.15; capex plan remains $700M for FY23.
Quarterly common dividend of $0.72/share declared, payable July 5, 2023; marks 20th consecutive annual dividend increase.
In Feb-Mar 2023, issued $400M of 4.80% Spire MO first mortgage bonds and $150M of 5.80% senior notes.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

SPIRE INC reported fiscal 2023 second quarter ended March 31 results: net income Net income of $179.2 million ($3.33 per diluted share), EPS $3.33 per diluted share. Guidance reaffirmed.

Period: fiscal 2023 second quarter ended March 31
Net income: Net income of $179.2 million ($3.33 per diluted share)
EPS: $3.33 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Spire Reports FY23 Second Quarter Results ST. LOUIS (May 3, 2023) - Spire Inc. (NYSE: SR) today reported results for its fiscal 2023 second quarter ended March 31. Highlights include: • Net income of $179.2 million ($3.33 per diluted share) compared to net income of $173.6 million, or $3.27 per share in the prior year • Net economic earnings* of $199.2 million, or $3.70 per share, up from $181.0 million, or $3.42 per share a year ago, driven by improved results across all operating segments • Fiscal 2023 net economic earnings guidance range narrowed to $4.20–$4.30 per share

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Source: SEC EDGAR

accession 0001437749-23-012198

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