Spire misses Q4 EPS and revenue estimates

Investing.com -- Spire Inc. (NYSE: SR) reported a fourth quarter adjusted loss of -$0.47 per share, missing analyst estimates of -$0.43, while revenue came in at $334.1 million, well below the consensus estimate of $422.84 million.

For the full fiscal year 2025, Spire reported adjusted earnings of $4.44 per share, up 7.5% from $4.13 in fiscal 2024. The company’s shares fell 1.9% following the earnings announcement.

Spire issued fiscal 2026 earnings guidance of $5.25-$5.45 per share, above the analyst consensus of $5.20. The company also established fiscal 2027 guidance of $5.65-$5.85 per share, exceeding analyst expectations of $5.55.

"Spire’s solid performance in fiscal 2025 reflects our disciplined approach to growth, operational excellence and continuous improvement," said Scott Doyle, president and chief executive officer of Spire. "By delivering on strategic priorities such as the Missouri rate case and the pending acquisition of Piedmont Tennessee, we are well-positioned to drive sustainable long-term value."

The company’s Gas Utility segment reported fiscal 2025 adjusted earnings of $231.4 million, up from $220.8 million in 2024, driven by new rates at Spire Alabama and higher Infrastructure System Replacement Surcharge revenues at Spire Missouri. Midstream earnings rose significantly to $56.3 million from $33.5 million, benefiting from additional storage capacity and contract renewals at higher rates.

Spire’s board approved a 5.1% increase in the quarterly dividend to $0.825 per share, marking the company’s 23rd consecutive year of dividend growth. The company also raised its 10-year capital investment target to $11.2 billion through fiscal 2035 and reaffirmed its long-term adjusted EPS growth target of 5-7%.

The company noted its fiscal 2027 guidance excludes earnings from its natural gas storage facilities due to their expected sale, while including a full year of earnings contributions from the pending Piedmont Tennessee acquisition.

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