Spire (SR) Tops Q3 EPS by 6c

Spire (NYSE: SR) reported Q3 EPS of $0.06, $0.06 better than the analyst estimate of $0.00. Revenue for the quarter came in at $327.8 million versus the consensus estimate of $336.37 million.

Guidance and Outlook:

We affirm our fiscal 2021 NEE expectation range of $4.30 - $4.50 per share. Our annual long-term NEE per share growth target remains 5-7%, driven by continued, consistent growth of our gas utilities, including annual rate base growth of 7-8% driven by investment in pipeline upgrades as well as technology upgrades and new business. We also reaffirm our 5-year capital expenditures outlook through fiscal 2025 of $3.0 billion and our expected fiscal 2021 investment of $590 million.

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

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