Spire (SR) stock surged 12.33% in pre-market trading on Thursday, following the company's fiscal 2025 first-quarter earnings report that showcased its resilience and reaffirmed its long-term growth outlook.

The utility company reported adjusted earnings of $1.34 per share, reflecting growth in its gas utility and midstream segments, despite challenges posed by warmer-than-normal weather conditions in Missouri and Alabama. While earnings were lower compared to the previous year, the company demonstrated its commitment to cost management and infrastructure investments.

A key highlight of the earnings report was Spire's reaffirmation of its long-term earnings per share (EPS) growth target of 5% to 7% and fiscal 2025 earnings guidance of $4.40 to $4.60 per share. This robust outlook, coupled with the company's 10-year capital expenditure plan of $7.4 billion, with 98% targeted at utility growth, underscored its confidence in driving sustainable growth and modernizing its natural gas infrastructure.