Spire (NYSE: SR) reported Q4 EPS of ($0.54), $0.02 worse than the analyst estimate of ($0.52). Revenue for the quarter came in at $225.6 million versus the consensus estimate of $244.64 million.

Earnings Guidance and Outlook:

We affirm our annual long-term NEE per share earnings growth target of 4-7 percent. Our long-term target reflects the expectation of continued consistent growth of our gas utilities driven by organic growth initiatives as well as robust capital investment focused on infrastructure upgrades, technology and new business. We also expect growing contributions from Spire Marketing and Spire STL Pipeline, and continue to anticipate that Spire Storage will deliver positive EBITDA beginning in the second half of next year. We expect to provide NEE per share guidance for fiscal 2020 when we have greater clarity on the impact of the Missouri ISRS rulings.

We have increased our targeted capital investment for the 5-year period 2019-2023 to $3.0 billion, reflecting higher spend in our gas utilities and the timing of spend across other businesses. Capital expenditures for fiscal 2020 are expected to be $590 million, with investment in our gas utilities totaling $520 million, investment in Spire STL Pipeline of $50 million and capital spend for Spire Storage and other businesses totaling $20 million.

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