Spire reports Q3 net loss $21.6M; lowers FY2023 NEE guidance to $4.15-$4.25

SPIRE INC

2023-Q3 EPS reported $4.51 revenue$2,355,900,000

Q3 net loss $21.6M ($0.48 diluted EPS) vs. prior year net loss $1.4M ($0.10 EPS).
Net economic earnings (NEE) loss of $18.6M ($0.42) vs. prior year NEE earnings $4.1M ($0.01).
Gas Utility NEE loss $12.3M vs. earnings $4.2M; gas marketing NEE loss $2.5M vs. earnings $0.4M.
FY2023 NEE per share guidance lowered to $4.15-$4.25; Gas Utility segment NEE reduced by $5M to $205M-$215M.
Quarterly dividend declared $0.72 per common share payable Oct 3; capital expenditure target remains $700M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

SPIRE INC reported fiscal 2023 third quarter ended June 30 results: net income Net loss of $21.6 million, or ($0.48) per diluted share, EPS ($0.48) per diluted share. Guidance lowered.

Period: fiscal 2023 third quarter ended June 30
Net income: Net loss of $21.6 million, or ($0.48) per diluted share
EPS: ($0.48) per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 2.02 Results of Operations and Financial Condition See Item 7.01.

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Source: SEC EDGAR

accession 0001437749-23-021542

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