Spire Q1 FY2024 net income $85.1M ($1.52 EPS); affirms NEE guidance $4.25-$4.45

SPIRE INC

2024-Q1 EPS reported $1.52 revenue$756,600,000

Net income $85.1M ($1.52 EPS) vs $91.0M ($1.66 EPS) a year ago; NEE $82.7M ($1.47 EPS) vs $85.1M ($1.55 EPS).
Gas Utility NEE rose to $75.8M from $62.9M on higher rates; Gas Marketing NEE fell to $7.2M from $25.7M due to normalizing markets.
Affirmed FY2024 NEE guidance $4.25-$4.45/share; long-term NEE growth 5-7%, utility rate base growth 7-8%.
In January 2024, acquired MoGas and Omega pipeline businesses; added Scott Doyle as COO.
10-year $7.2B capex target; FY2024 capex $765M includes $100M for Spire Storage West expansion.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SPIRE INC reported fiscal 2024 first quarter ended December 31 results: net income $85.1 million ($1.52 per share), EPS $1.52 per diluted share. Guidance reaffirmed.

Period: fiscal 2024 first quarter ended December 31
Net income: $85.1 million ($1.52 per share)
EPS: $1.52 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(NYSE: SR) today reported results for its fiscal 2024 first quarter ended December 31, including: • Net income of $85.1 million ($1.52 per share) compared to $91.0 m illion ($1.66 per share) in the prior year • Net economic earnings* (NEE) of $82.7 million ($1.47 per share) compared to $85.1 million ($1.55 per share) a year ago • Affirmed fiscal 2024 NEE expectation of $4.25–$4.45 per share “During the first quarter, we delivered solid operational and financial results driven by growth in the Gas Utility segment.

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Source: SEC EDGAR

accession 0001437749-24-002751

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