secwatch.observer — SEC 8-K summary
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Issuer:     SPIRE INC (SR)
CIK:        0001126956
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001437749-24-023987
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spire reports narrower Q3 net loss but lowers FY24 NEE guidance to $4.15-$4.25/share
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- Net loss of $12.6M ($0.28/share) vs net loss of $21.6M ($0.48) a year ago; NEE loss $4.3M ($0.14) vs $18.6M ($0.42).
- FY24 NEE guidance lowered to $4.15-$4.25/share from $4.25-$4.45; cites warm winter, higher interest and bad debt.
- Gas Utility NEE loss improved to $11.0M from $12.3M; Midstream NEE jumped to $13.9M from $3.6M on new storage capacity.
- Launched customer affordability initiative with $4.6M charge in Q3; benefits expected in 2025-2026.
- Capital expenditure guidance for FY24 increased to $830M from $800M driven by advanced meter deployment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126956/000143774924023987/0001437749-24-023987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126956/000143774924023987/spre20240606_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023987

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