Overview

* Spire fiscal 2025 adjusted EPS grows 7.5% yr/yr, reflecting operational improvements

* Company sets fiscal 2026 and 2027 adjusted EPS guidance

* Spire Q4 adjusted EPS misses analyst expectations

Outlook

* Spire expects fiscal 2026 adjusted EPS of $5.25 to $5.45

* Spire projects fiscal 2027 adjusted EPS of $5.65 to $5.85

* Company reaffirms long-term adjusted EPS growth target of 5-7%

Result Drivers

* GAS UTILITY - Earnings increased due to new rates at Spire Alabama and higher ISRS revenues at Spire Missouri, offset by lower usage and increased expenses

* MIDSTREAM - Earnings grew due to additional storage capacity and higher contract rates, offset by increased expenses

* GAS MARKETING - Earnings increased as the business was well-positioned to create value, despite higher fees

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

2025Adju $4.44

sted EPS

2025EPS $4.37

2025Net $271.7

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the natural gas utilities peer group is "buy"

* Wall Street's median 12-month price target for Spire Inc ( SR ) is $91.00, about 2% above its November 13 closing price of $89.16

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)