Spire Reports Second Quarter Results

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Go back to Spire Reports Second Quarter Results

Spire (SR) Misses Q2 EPS by 20c, Revenues Miss

May 8, 2020 7:06 AM EDT

Spire (NYSE: SR) reported Q2 EPS of $2.75, $0.20 worse than the analyst estimate of $2.95. Revenue for the quarter came in at $715.5 million versus the consensus estimate of $783.02 million.

Net income of $133.6 million ($2.54 per diluted share), compared to $154.6 million ($3.04 per share) in the prior year
Net economic earnings* of $144.0 million ($2.75 per share), down from $147.9 million ($2.90 per share) a year ago, reflecting warmer than normal weather
Increased our FY20 capital expenditures plan to $640 million and launched our 5-year capital plan through 2024 totaling $2.8 billion

"Our second quarter results were below our plans, largely driven by lower... More