Spire Inc ( (SR) ) has released its Q2 earnings. Here is a breakdown of the information Spire Inc presented to its investors.
Spire Inc. is a publicly traded natural gas company, serving 1.7 million homes and businesses across Alabama, Mississippi, and Missouri, with operations in gas utilities, marketing, and midstream services.
In its fiscal 2025 second quarter report, Spire Inc. announced a net income of $209.3 million, a slight increase from the previous year. The company also reported adjusted earnings of $214.4 million, showcasing growth in its Gas Utility and Midstream segments.
The Gas Utility segment saw an increase in earnings due to new rates and higher usage in Missouri, although this was partially offset by higher depreciation expenses. The Midstream segment experienced significant growth, driven by increased capacity and contract renewals at higher rates. However, the Gas Marketing segment faced a slight decline due to market conditions.
Looking ahead, Spire Inc. maintains its fiscal 2025 adjusted earnings guidance in the range of $4.40 to $4.60 per share. The company remains committed to its long-term strategy of infrastructure investment and growth, with a 10-year capital investment target of $7.4 billion through fiscal 2034.