secwatch.observer — SEC 8-K summary
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Issuer:     SPIRE INC (SR)
CIK:        0001126956
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001437749-24-014067
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spire Q2 NEE per share falls to $3.45 from $3.70; Gas Utility up, Marketing down; FY guidance reaffirmed
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- Net income $204.3M ($3.58 EPS) vs $179.2M ($3.33) prior year; NEE $196.6M ($3.45) vs $199.2M ($3.70).
- Gas Utility NEE $188M (+$4.1M) on new rates and Spire Alabama growth, partly offset by lower Missouri weather usage.
- Gas Marketing NEE $15.5M vs $21.8M due to lack of prior year favorable market conditions; Midstream $3.8M vs $4.2M.
- Reaffirmed FY2024 NEE guidance $4.25-$4.45 per share; capital expenditure raised to $800M from $765M.
- Higher share count: 55.9M diluted vs 52.6M due to equity unit conversion and ATM settlement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126956/000143774924014067/0001437749-24-014067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126956/000143774924014067/spre20240206_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014067

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