Spire (NYSE: SR) reported Q1 EPS of $1.30, in-line with the analyst estimate of $1.30. Revenue for the quarter came in at $602 million versus the consensus estimate of $591.42 million.

• First quarter fiscal 2019 earnings per diluted share of $1.32, compared to $2.39 a year ago including $1.24 in adjustments for the impact of tax reform from the Tax Cuts and Jobs Act
• Net economic earnings* per share of $1.30, up from $1.19 a year ago, reflecting growth in both our Gas Utility and Gas Marketing segments
• Construction commences on Spire STL Pipeline

"We are off to another strong start this fiscal year. With increasing contributions from our gas utilities and Spire Marketing, we continue to grow and strengthen Spire for long-term success through our utilities and gas-related businesses," said Suzanne Sitherwood, president and chief executive officer of Spire. "Thanks to our investments in organic growth, infrastructure upgrades and technology, we\'re well positioned to deliver both improved operating performance and increased earnings per share, while continuing to keep our promise to bring people and energy together in ways that enrich lives and support the communities we serve."

Earnings Guidance and Outlook

We affirm our fiscal 2019 NEE guidance range of $3.70 - $3.80 per diluted share. Our longer-term NEE per share growth target remains 4 - 7 percent. The base for this growth rate is fiscal 2018 earnings, less earnings of $0.17 per share from Spire Marketing due to favorable weather-driven market conditions that are not expected to recur in fiscal 2019.

Our capital expenditures forecast for fiscal 2019 remains $650 million and our five-year capital spend outlook for the fiscal years 2018-2022 remains $2.6 billion.

GUIDANCE:

Spire sees FY2019 EPS of $3.70-$3.80, versus the consensus of $3.73.

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