Spire (SR) Tops Q3 EPS by 5c

Spire (NYSE: SR) reported Q3 EPS of $0.44, $0.05 better than the analyst estimate of $0.39. Revenue for the quarter came in at $323.5 million versus the consensus estimate of $295.64 million.

Earnings Guidance and Outlook

For fiscal 2017, our NEE guidance range continues to be $3.50-$3.60 per fully diluted share. Given our year-to-date results, we believe our full-year earnings will be in the upper half of that range.

Based on our year-to-date spend, our capital expenditures forecast for fiscal 2017 remains approximately $445 million, with investment in our gas utilities of approximately $420 million. Our five-year capital spend outlook for the fiscal years 2017-2021 remains approximately $2.3 billion, with 86 percent of that spend recovered with minimal regulatory lag or reflected in earning

For earnings history and earnings-related data on Spire (SR) click here.

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