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

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 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: ID:nPn6M5Yl2a

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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.)